The Thai stock market has moved lower in consecutive trading days, stumbling more than 20 points or 1.3 percent in that span. The Stock Exchange of Thailand now sits just above the 1,440-point plateau and its tipped to see continued consolidation on Friday. The global forecast for the Asian markets is fairly flat ahead of...
Qatar Central Bank (QCB) has successfully completed the development of its central bank digital currency (CBDC) infrastructure. Per a Sunday announcement, the national bank is pushing the CBDC for testing large payment settlements using latest advanced technologies. It is planning to collaborate with local and international banks for the testing and development. “QCB is evaluating...
While reporting financial results for the third quarter on Wednesday, technology and software company Emerson Electric Co. (EMR) raised its adjusted earnings guidance for the full-year 2024. The company said the 2024 outlook assumes approximately $300 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments. For fiscal 2024, the company...
Boeing Co. has agreed with the Department of Justice to plead guilty to a criminal fraud charge in connection with two 737 Max crashes in Indonesia and Ethiopia that killed 346 people in total. With the agreement, the company will be able to avoid a criminal trial over the crashes, which so far have caused...
At 11:30 pm ET in the early Asian session on Tuesday, the Reserve Bank of Australia will announce its decision on interest rates in the monetary policy meeting. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent. Ahead of the RBA rate decision, the Australian dollar rose against its...
The China stock market has finished lower in two straight sessions, shedding almost 30 points or 1 percent along the way. The Shanghai Composite Index now sits just above the 3,085-point plateau although it\'s likely to find traction on Monday. The global forecast for the Asian markets is cautiously optimistic on an improved outlook for...
Saudi Arabia has joined the mBridge project to enhance cross-border payments using central bank digital currencies (CBDCs). According to a recent report by China Daily, the Saudi Central Bank (SAMA) has announced plans to join the mBridge initiative as a full participant, which could pave the way for increased local currency transactions in oil trade...
JAKARTA - PT Mark Dynamics Indonesia Tbk (MARK) will distribute an interim dividend of IDR 76 billion or IDR 20 per share for the 2024 fiscal year period. Quoted from the information disclosure on Wednesday (7/8), Ridwan, President Director of MARK, said that the interim dividend distribution had been approved by the Board of Directors...
First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous weeks revised level of 260,000. Economists had expected jobless claims to inch...
JAKARTA – Jakarta Stock Price Composite Index (JCI) rebounded after slipping to the red zone at mid-day today (19/8). The index finally arrived at 7,442.23 at the closing bell today at 4 PM WIB. Monitoring the board in its second session, JCI was seen dropping to 7,425.63, its lowest since today’s opening bell at morning...