Global Focus Financial News

Ethereum Foundation Forms Advisory Group to Defend Core Principles

adiminMarch 2, 202506 mins

Ethereum Foundation forms Silviculture Society to uphold open source, privacy, security, and censorship resistance.Experts, including cryptographer Matthew Green, will provide guidance on Ethereum’s core principles and future policies. The Ethereum Foundation (EF) recently formed the “Silviculture Society,” an external advisory group tasked with upholding Ethereum’s core values. The action coincides with several significant events that...

Ethereum Co-Founder Warns: Crypto Loss Is as Big a Risk as Theft

adiminMarch 2, 202505 mins

In a recent post, Ethereum co-founder Vitalik Buterin urged the crypto industry to consider the rampant loss of assets in their robust wallet security solutions. Previous reports have estimated that a huge portion of the Bitcoin circulating supply has been stuck in wallets with forgotten passwords. In the latest X post, Ethereum co-founder Vitalik Buterin has...

Bitcoin News: Standard Chartered Sees $500K BTC Target Despite Brutal Sell-Off

adiminMarch 2, 202505 mins

Geoff Kendrick predicts Bitcoin could reach $200,000 by 2025 and $500,000 before Trump leaves office. He believes institutional adoption and regulatory clarity will drive growth. Geoff Kendrick, the head of digital asset research at Standard Chartered, is quite bullish on Bitcoin’s long-term outlook. In a recent CNBC interview, he noted that institutional acceptance and regulatory guidance...

Indofood clarifies regarding 4 Indomie variants withdrawal in Australia

adiminMarch 1, 202503 mins

JAKARTA – PT Indofood CBP Sukses Makmur Tbk (ICBP), the producer of Indomie, has clarified the decision by Australia to withdraw four Indomie products from the market in that country. Gideon A. Putro, Corporate Secretary of Indofood CBP, stated that the production process of Indofoods instant noodles complies with regulations from Indonesias National Agency of...

Hardi Wijaya invests 837 million shares in Provident Investasi (PALM)

adiminMarch 1, 202503 mins

JAKARTA - On Wednesday, December 18, individual investor Hardi Wijaya Liong made the decision to purchase 837.58 million shares ofPT Provident Investasi Bersama Tbk. He became a new investor right away, holding 5.31% of the shares. Additionally, Winato Kartono, anotherPALMinvestor, purchased 252.71 million shares, increasing his ownership from 6.16% to 7.77%. The issuer is an...

HAIS to add 4 tug-and-barge sets to fleet in 2025

adiminMarch 1, 202502 mins

JAKARTA – PT Hasnur Internasional Shipping Tbk (HAIS) is targeting a 5% increase in revenue and a 4% increase in net profit for 2025, fueled by the addition of new vessels to meet growing customer demand. Rengga Tumenggung, Corporate Secretary of HAIS, stated that the rise in revenue and profit will be supported by an...

BJBR injects IDR 221.40 billion to BPD Jambi

adiminMarch 1, 202502 mins

JAKARTA – PT BPD Jawa Barat dan Banten Tbk (BJBR) has injected IDR 221.40 billion in capital into BPD Jambi as part of the development of its Bank Business Group (Kelompok Usaha Bank/KUB). Quoted on Friday (20/12), Nancy Adistyasari, BJBR’s Director of Commercial and SMEs, stated that the capital injection will have a positive impact...

For refinancing, SMMA issued bonds worth IDR 800 billion

adiminMarch 1, 202502 mins

JAKARTA - PT Sinar Mas Multiartha Tbk (SMMA) will issue Shelf Registration Bonds III Phase II 2025 worth IDR 800 billion on January 10-14, 2025. The majority of the proceeds from the issuance of these debt securities will be used to repay the bonds and the remainder as working capital. In the short prospectus quoted...

FedEx Stock Up On Freight Spin Off, Despite Weak Earnings, Outlook Cut

adiminMarch 1, 202506 mins

Shares of FedEx Corp. gained around 9 percent in the extended trading on the NYSE on Thursday and is currently trading 8 percent higher on the pre-market activity after the logistics major announced its plan to spin-off its Freight division, and additional $500 million share buyback. Meanwhile, the company trimmed its fiscal 2025 earnings and...

UK Car Manufacturers Report Worst Production For November Since 1980

adiminMarch 1, 202502 mins

UK car production posted its sharpest decline for the month of November since 1980 largely reflecting weaker global demand, data published by the Society of Motor Manufacturers and Traders showed on Friday. Car production declined 30.1 percent on a yearly basis in November. This was the ninth consecutive decline. Only 64,216 cars rolled off factory...