Chandra Daya raised 2.37 trillion rupiah ($146 million) in its IPO, the largest in Indonesia this year. Investors submitted bids for more than 560 times the amount of shares on offer, demonstrating the appeal of firms associated with Pangestu. His coal-producing unit PT Petrindo Jaya Kreasi has jumped more than 5,000% since it listed in […]
In the US, choppy oil prices are limiting drilling, with the Energy Information Administration trimming its crude output growth estimate this year by about 50,000 barrels a day to 160,000 barrels a day. The rig count has declined steadily and is near four-year lows.
The airline’s analysis since the breach took place suggests that the financial impact for customers is limited, at least for now. There were no credit card details or financial information in the compromised system, and the data that was stolen isn’t enough to gain access to frequent flyer accounts, Qantas said.
The country now has about 28 gigawatts of capacity under construction, compared with around 43 gigawatts in operation, researchers said in a new report. Projects under construction represent about 41% of China’s planned development. Globally, work has started on just 2% of such blueprints, researchers said.
The temporary trading ban on Jane Street may dent options volumes and weigh on earnings for intermediaries like Nuvama Wealth, which counted the quant firm among its key clients, according to Jefferies. In contrast, BSE may see limited impact, as foreign investors account for only a tiny portion of the bourse’s derivatives segment turnover, the […]
The Southeast Asian nation expects to wrap up trade negotiations before the Aug. 1 deadline set by the US, Pichai told a local television channel on Tuesday. Trump has set the levy on Thailand without taking into account its revised proposals to increase market access by removing tariff and non-tariff barriers on a number of […]
“We expect that China’s LNG imports will remain weak in the second half of the year, amid subdued demand, higher piped gas imports and an uncertain macroeconomic outlook,” said Gergely Molnar, a gas analyst at the International Energy Agency. Russian piped deliveries to China are expected to increase by around 25% in 2025, he added.
The transit policy applies to 55 countries, but most are also on the 30-day visa-free entry list. It does offer a more restrictive option for citizens of the 10 countries that aren’t: the Czech Republic, Lithuania, Sweden, Russia, the United Kingdom, Ukraine, Indonesia, Canada, the U.S. and Mexico.
Worries over slippage in India’s growth estimates could stall the rally in local shares, according to strategists at Jefferies. They project India’s nominal GDP expansion to fall below 10% in the year to March, partly due to low inflation. While easing price pressures may support bond yields, it could dampen corporate revenue and credit expansion, […]
A regional stock gauge fell 0.7%, with declines in Hong Kong and Japan. The US will send out tariff letters, and also announce trade deals, from 12 pm eastern time on Monday, Trump said in Truth Social post. Any country aligning with the BRICS group of nations will face an additional 10% levy, with no […]