Indian shares may trade in a range on Thursday as investors await earnings results from prominent companies including Axis Bank, Infosys, Wipro, Nestle India, LTIMindtree and Tata Chemicals for direction. Meanwhile, Reliance Industries has fixed the record date for a 1:1 bonus issue. Also, the Bloomberg News reported, citing people familiar with the matter that...
The U.S. economy unexpectedly grew by more than previously estimated in the fourth quarter of 2023, the Commerce Department revealed in a report released on Thursday. Revised data showed real gross domestic product surged by 3.4 percent in the fourth quarter compared to the previously reported 3.2 percent jump. Economists had expected the pace of...
Source: Dalle-3The United States Securities and Exchange Commission (SEC) has announced that it obtained a court order to enforce an investigative subpoena against two NovaTech crypto investment scheme promoters. In a recent press release, the financial regulator disclosed updates in its investigation against NovaTech Crypto Investment promoters. On Feb 13, the US District Court for...
Consumer prices in the U.S. increased by slightly more than expected in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increase seen in August. Economists had expected consumer prices to inch up...
JAKARTA – The profit ofPT Triputra Agro Persada Tbk (TAPG) saw a surge of up to 46.6% year-on-year (yoy) in Q3 2024 compared to the same period in 2023. This profit increase went hand-in-hand with higher revenue and better efficiency, especially in finance expenses. Based on Q3 2024 report quoted Thursday (24/10), its revenue was...
The Indonesia stock market has finished lower in three straight sessions, shedding more than 160 points or 2.1 percent along the way. The Jakarta Composite Index now rests just above the 7,160-point plateau and it may extend its losses again on Monday. The global forecast for the Asian markets is soft on concerns over the...
-- Australia’s ASX 200 index reversed early losses to hit a record high on Thursday, buoyed chiefly by month-end positioning in index heavyweight stocks after losses earlier in February. The ASX 200 rose 0.6% to a record high of 7,703.80 points, trading slightly below that level at the end of trade for the day. Thursday’s...
Shares of Electrolux AB were gaining around 6 percent in the morning trading in Stockholm after the Swedish home appliance major reported Friday sharply narrower loss in its second quarter, and swing to an operating profit with strong growth in net sales. The company further said it now targets cost savings of approximately 4 billion...
The Hong Kong stock market has moved higher in two straight sessions, advancing more than 450 points or 2.2 percent along the way. The Hang Seng Index now sits just above the 19,600-point plateau although it may run out of steam on Thursday. The global forecast for the Asian markets suggests mild consolidation on renewed...
The current broad market downtrend forces Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) to trade below crucial support levels as analysts anticipate further corrections.Bitcoin enters below the oversold territory on the Relative Strength Index (RSI) reading as it struggles to maintain its current level. The crypto market’s woes continue as the top assets break out...