JAKARTA -PT Kedawung Setia Industrial Tbk (KDSI) is preparing to have a stock split with a ratio of 1:4, meaning that one old share will be divided into 4 shares with new value. Andi Subroto, Corporate Secretary of KDSI, said that this corporate action is meant to increase the number of circulating shares in the...
Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term “bank” in describing their services. The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA rules, only organizations with specific licenses can operate as...
Germany\'s trade surplus increased at the start of the year as exports rebounded more than expected, providing a glimpse of hope to an otherwise weak economy. Exports posted a monthly growth of 6.3 percent in January after falling 4.5 percent in the previous month, data released by Destatis showed on Wednesday. This was also far...
Merck Tbk (MERK), a pharmaceutical company under Merck Holding GmbH from Germany, booked net profit of IDR 47.2 billion in the first half (H1) of 2024. This number dropped 48.4% year-on-year (yoy) from the same period last year, in which MERK scored net profit of IDR 91.4 billion. According to the recently released financial report,...
A new pro-Kamala Harris digital asset advocacy group known as Crypto4Harris is slated to host its first town hall featuring billionaire Mark Cuban and Rep. Wiley Nickel next Wednesday, August 14, the crypto political collective announced Tuesday. Mark Cuban, Wiley Nickel Support New Crypto4Harris Initiative According to a recent X post from Crypto4Harris, the upcoming...
With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September. The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in...
Ahead of Fridays holiday for the Double Ninth Festival, the Hong Kong stock market had ended the two-day slide in which it had plummeted more than 2,400 points or 11 percent. The Hang Seng Index now sits just above the 21,250-point plateau and it may open to the upside again on Monday. The global forecast...
New Zealand posted a seasonally adjusted current account deficit of NZ$7.2 billion in the second quarter of 2024, Statistics New Zealand said on Wednesday. The current account deficit for the year ended 30 June 2024 was NZ$27.8 billion (6.7 percent of gross domestic product (GDP)). As at 30 June 2024, New Zealands net international investment...
BTC has fallen by 1% in the past 24 hours, with the Bitcoin price dropping below $70,000 on a day when the market has lost 2%. Bitcoin does remain up by 4% in a week, and while it’s down by 3% in the last 30 days, it also sits on a 140% gain in the...
Indian shares may open on a subdued note Monday, tracking weakness in global markets. Reliance Industries, HDFC Bank, UltraTech Cement, Wipro, Paytm and BPCL are likely to be in focus after unveiling their Q1 numbers post market hours on Friday. Expectations around the upcoming Union Budget, the next batch of quarterly earnings and foreign investor...