The South Korea stock market ticked lower again on Wednesday, one day after ending the two-day slide in which it had slipped more than 15 points or 0.4 percent. The KOSPI now rests just above the 2,755-point plateau although it may bounce higher again on Thursday. The global forecast for the Asian markets is upbeat...
The Bitcoin (BTC) price is consolidating in the mid-$57,000s, down roughly 5% on the day, though up around 1.5% or $1,000 from earlier session lows as traders weigh the outlook for Fed rate cuts this year in wake of the latest policy announcement from the US central bank. As anticipated, the Fed left interest rates...
A report released by the Labor Department on Thursday showed an unexpected decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous weeks revised level of to 234,000. Economists had expected jobless claims to...
JAKARTA. PT Tandan Sawit Papua (TSP), one of many subsidiaries ofPT Eagle High Plantations Tbk (BWPT), has obtained a loan facility of IDR 382 billion from an affiliate. The loan facility is acquired from PT Jaya Mandiri Sukses (JMS), another subsidiary of BWPT with ownership portion of 95%. In the official statement, the management of...
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to nearly a 3-week low of 0.6073 against the U.S. dollar and nearly a 1-1/2 month low of 1.7862 against the euro, from yesterday\'s closing quotes of 0.6091 and 1.7811, respectively. Against the yen, the kiwi...
JAKARTA - This July, PT Bank Neo Commerce Tbk (BBYB), a banking company, held a rights issue that changed the share portion held by a number of its major investors. PT Akulaku Silvrr Indonesia gained358.35 million shares on Friday, July 19, increasing its share portion from 27.32% to 29.42%. AsPT Gozco Capital did not take...
T-Mobile (TMUS) and investment firm EQT announced Thursday they have entered into a joint venture (JV) with EQT\'s Infrastructure VI fund (EQT) that will acquire fiber-to-the-home platform Lumos from EQT\'s predecessor fund EQT Infrastructure III. The JV will bring T-Mobile\'s retail, marketing, brand and customer experience strengths together with EQT\'s fiber infrastructure investment expertise. Together...
German stocks were modestly higher on Monday ahead of a busy week for earnings and economic data releases. German consumer price inflation data, flash GDP numbers and employment data are due later in the week. European Central Bank Vice President Luis de Guindos speech is awaited later in the day, with investors looking for clues...
Eurozone inflation slowed as initially estimated in June but the European Central Bank is expected to hold its benchmark rate on Thursday as underlying inflation remains too high. The harmonized index of consumer prices rose 2.5 percent on a yearly basis, which was slower than the 2.6 percent growth posted in May. The 2.5 percent...
Goldman Sachs Group Inc. (GS) reported Tuesday that net earnings applicable to common shareholders for the second quarter surged to $2.89 billion or $8.62 per share from $1.07 billion or $3.08 per share in the prior-year quarter. On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $7.64 per share...