JP Morgan

Global Investors Making Moves in Indonesia’s Cement Industry: BlackRock Inc. and Market Performance of SMGR and INTP Stocks

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Global Investors Making Moves in Indonesia’s Cement Industry: BlackRock Inc. and Market Performance of SMGR and INTP Stocks

Workers transport cement to a transport ship at Sunda Kelapa Harbor, Jakarta, Monday (11/7/2023). Bloomberg/Dimas Ardian Bisnis.comJAKARTA — Opening the beginning of the year, big global investors including BlackRock Inc. different directions in two cement issuer Indonesia’s largest PT Indonesian Cement Tbk. (SMGR) and PT Indocement Tunggal Prakarsa Tbk. (INTP). On the stock exchange floor, … Read more

The Rise of BYD in Indonesia: Why ASII and Other Automotive Giants Must Take Note

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The Rise of BYD in Indonesia: Why ASII and Other Automotive Giants Must Take Note

The reason ASII et al. Must be alert to the presence of BYD. The atmosphere of the PT Astra International Tbk (ASII) head office in the Jln Sudirman area, Central Jakarta, Selas (16/6). Bisnis.com, JAKARTA – Automotive giants, including PT Astra International Tbk. (ASII) must be aware of BYD’s presence in Indonesia. For information, BYD … Read more

Financial Experts Doubt U.S. Federal Reserve Will Slash Interest Rates Soon

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Financial Experts Doubt U.S. Federal Reserve Will Slash Interest Rates Soon

[비즈니스포스트] The prevailing opinion among experts is that it is nothing but a ‘foolish judgment’ to have expectations that the U.S. Federal Reserve System (Fed) will lower the benchmark interest rate in the near future. Since it is difficult to predict when an environment will be created for the Federal Reserve to pursue interest rate … Read more

JP Morgan Analysts Issue Underweight Rating on PGN Shares: Latest Updates and Warnings

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JP Morgan Analysts Issue Underweight Rating on PGN Shares: Latest Updates and Warnings

Employees of PT Saka Energi Indonesia (PGN Saka) as a subsidiary of PT PGN Tbk, Subholding Gas Pertamina, chat in the Onshore Processing Facility (OPF) area of ​​Saka Indonesia Pangkah Limited (SIPL), Gresik, East Java/ Business-David E. Issetiabudi Bisnis.comJAKARTA — Analysts and securities circles are busy updating their views on the shares of the Group’s … Read more

A famous investor criticizes Jamie Dimon for his statements about Bitcoin!

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A famous investor criticizes Jamie Dimon for his statements about Bitcoin!

Bitcoin Grayscale CEO Michael Sonnenschein said during press statements that digital Bitcoin is here to stay whether big banking executives like Jamie Dimon like it or not. Michael Sonnenschein added that he believes that every executive, especially in the field of financial services, will have his own opinions about new technologies and whether that relates … Read more

The Impact of Busy Political Year on Bank Business in Indonesia

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The Impact of Busy Political Year on Bank Business in Indonesia

Residents hold several rupiah notes at Petisah Market, Medan, North Sumatra on Sunday (29/1/2023). – Bloomberg/Dimas Ardian Bisnis.com, JAKARTA — Banker at PT Bank Central Asia Tbk. (BBCA) to PT Bank Panin Tbk. (PNBN) projects a number of impacts of the busy political year, general election and presidential election in 2024 on bank business. President … Read more

Recent Economic Data Indicate Robust US Economy and Potential Interest Rate Hikes

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Recent Economic Data Indicate Robust US Economy and Potential Interest Rate Hikes

NEW YORK Current economic data underpinned the robust economy in the USA and should give further grist to the mills of those who fear interest rate hikes by the US Federal Reserve in September as well. The business climate in the economic region of Philadelphia brightened up surprisingly and significantly in August in a monthly … Read more

Nasdaq 100 falls as Tesla and Netflix disappoint, J&J and IBM lead Dow

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Nasdaq 100 falls as Tesla and Netflix disappoint, J&J and IBM lead Dow

NEW YORK Things looked different on the technology-heavy Nasdaq stock exchange, where investors were disappointed by two particularly heavily weighted companies. The Nasdaq 100 selection index fell 1.46 percent to 15,595.64 points. The market-wide S&P 500 lost 0.50 percent to 4542.77 points. Johnson & Johnson (J&J), IBM and Travelers led the Dow. The pharmaceutical and … Read more

US Federal Reserve Expected to Pause Interest Rate Hikes, Tech Companies Could Benefit

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US Federal Reserve Expected to Pause Interest Rate Hikes, Tech Companies Could Benefit

NEW YORK Market participants are apparently optimistic that the US Federal Reserve will not raise interest rates further on Wednesday, commented analyst Edward Moya from broker Oanda. After ten increases in a row, bank economists are now also expecting a monetary policy pause due to the cooling economy and the trend towards falling inflation. Another … Read more

JP Morgan Raises India’s 2024 Economic Forecast but Warns of Global Slowdown Impact

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JP Morgan Raises India’s 2024 Economic Forecast but Warns of Global Slowdown Impact

JP Morgan raises 2024 economic forecast for India But it’s only a slight increase. with a warning that India’s economic growth will be affected by the slowdown in global economic growth. JPMorgan raised its forecast for India’s economic growth for 2024 to 5.5 percent from its previous forecast of 5 percent. After India released the … Read more