Indonesia’s Dec inflation at 1.57% y/y, as expected
JAKARTA (Reuters) – Indonesia’s annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists’ estimate of a 1.60% rate in a Reuters poll. The annual core…
Ample supply, slow demand to temper oil price gains in 2025
By Anushree Mukherjee and Brijesh Patel (Reuters) -Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore…
Malaysia grants WeChat, TikTok licences to operate under new law
KUALA LUMPUR – Malaysia’s communications regulator said it granted Tencent’s WeChat and ByteDance’s TikTok licences to operate in the country under a new social media law, but that some other platforms had not applied. The law, aimed at tackling rising…
SoFi Tech: KBW downgrades to Underperform on doubts over long-term outlook
Investing.com– Keefe, Bruyette & Woods (KBW) downgraded its rating on SoFi Technologies Inc. (NASDAQ:SOFI), stating that the fintech firm’s long-term earnings outlook appeared difficult and did not justify current valuations. KBW downgraded SoFi to Underperform from Market Perform, but slightly…
Swisscom revises down earnings outlook after Vodafone Italia acquisition complete
(Reuters) – Swisscom (SIX:SCMN) said on Thursday that it has completed its acquisition of competitor Vodafone (NASDAQ:VOD) Italia, which it will now begin merging with its Italian business Fastweb. The Swiss telecoms group said costs in the amount of up…
Taiwan stocks lower at close of trade; Taiwan Weighted down 0.67%
Investing.com – Taiwan stocks were lower after the close on Thursday, as losses in the , Construction and Glass sectors led shares lower. At the close in Taiwan, the Taiwan Weighted fell 0.67%. The best performers of the session on…