Category: News Group

Warung Pintar, a micro retail technology startup firm, today announced the acquisition of Bizzy Digital, an integrated logistics and distribution supply chain B2B platform, for US$45 million. The deal combined 600 brands and...

The index of leading economic indicators in Japan, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, was revised higher to 95.3 in December 2020 from the...

Major stock markets in Asia followed Wall Street higher on Thursday after the Fed reaffirmed interest rates would stay low for a long time. Meantime, a fresh stimulus in the US is imminent, with the House is likely to vote for...

Property developer Modernland Realty (MDLN) has proposed to postpone the interest payment of its two global bonds with a total value of US$390 million until May 31, 2021. The Company is still looking the ways to restructure the...

Oil prices dropped on Wednesday, with WTI crude falling towards the $61 a barrel level after API data showed an unexpected build in US crude inventories last week. Markets were already facing some downward pressure on easing...

Gold held above the $1,800/oz level on Wednesday, as a weaker dollar helped the metal regain momentum following a weak performance in the previous session. Adding to the bullish tone were dovish-sounding remarks from US Federal...

Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin jumped to above $175 per tonne in the last week of February, a level not seen since October of 2011, amid continued robust demand from China and...

Asian equity markets were mostly lower on Tuesday, as concerns continued to rise among investors that higher long-term bond yields could call a halt to the recent vaccine-driven rally. Markets were now awaiting new developments...

Sanitary pads Unicharm Indonesia (UCID) booked net profit of Rp311.68 billion in 2020, declined 21.8% from Rp398.7 billion in 2019. The company recorded foreign exchange (forex) loss of Rp105 billion last year, against forex...

The local investment platform and financial manager FUNDtastic raised Series A funding with total amount of US$7.7 million from various investor. The Investment led by private equity firm from Singapore, Ascent Capital Group,...

Gold gained ground above the $1,780/oz level on Monday, consolidating the rebound from a seven-month low of $1,759/oz hit last session on the back of a weaker dollar. Adding to the bullish tone were dovish-sounding remarks from...

Oil prices surged on Monday, with WTI crude rising 1.2% to $59.96 a barrel, while Brent oil gaining 1.4% to $63.78 a barrel, at around 06:45 AM GMT, after reports that oilfield crews in Texas may need several weeks to resume...