(RTTNews) - The Indonesia stock market has moved lower in consecutive trading days, plummeting almost 750 points or 9 percent along the way. The Jakarta Composite Index now sits just above the 8,230-point plateau and it may continue on Friday to be troubled by transparency issues. The global forecast for the Asian markets is murky amidst profit taking and contrasting earnings news. The European an...
(RTTNews) - The Indonesia stock market has moved lower in consecutive trading days, plummeting almost 750 points or 9 percent along the way. The Jakarta Composite Index now sits just above the 8,230-point plateau and it may continue on Friday to be troubled by transparency issues. The global forecast for the Asian markets is murky amidst profit taking and contrasting earnings news. The European and U.S. markets were mixed with a touch of weakness, and the Asian markets figure to follow suit. The JCI finished sharply lower on Thursday following losses from the telecom, cement and resource sectors, although the financial shares offered support. For the day, the index tumbled 88.35 points or 1.06 percent to finish at 8,232.20 after trading between 7,481.99 and 8,296.94. Among the actives, Bank CIMB Niaga jumped 1.68 percent, while Bank Mandiri vaulted 1.54 percent, Bank Negara Indonesia shed 0.45 percent, Bank Central Asia rallied 2.49 percent, Bank Rakyat Indonesia surged 6.64 percent, Indosat Ooredoo Hutchison expanded 1.82 percent, Indocement plunged 6.47 percent, Semen Indonesia stumbled 3.20 percent, Indofood Sukses Makmur skidded 1.09 percent, United Tractors tanked 2.20 percent, Astra International soared 4.86 percent, Energi Mega Persada cratered 14.79 percent, Astra Agro Lestari slumped 1.35 percent, Aneka Tambang tumbled 2.26 percent, Vale Indonesia surrendered 4.31 percent, Timah fell 0.60 percent, Bumi Resources crashed 14.97 percent and Bank Danamon Indonesia was unchanged. The lead from Wall Street is soft as the major averages opened lower on Thursday and then mostly hugged the line before ending mixed. The Dow rose 55.96 points or 0.11 percent to finish at 49,071.56, while the NASDAQ slumped 172.33 points or 0.72 percent to end at 23,685.12 and the S&P 500 dipped 9.02 points or 0.13 percent to close at 6,969.01. The early sell-off on Wall Street came amid a steep drop by shares of Microsoft (MSFT) after the company reported slowing cloud computing growt...
The notion that China is flooding the world with excess industrial capacity is usually based on its massive surplus in goods trade, now standing at nearly US$1.2 trillion . That number is real, but treating it as proof of systemic overcapacity is not entirely correct. Goods trade is only one slice of China’s external balance, and it is increasingly offset by large outflows such as import of servic...
The notion that China is flooding the world with excess industrial capacity is usually based on its massive surplus in goods trade, now standing at nearly US$1.2 trillion . That number is real, but treating it as proof of systemic overcapacity is not entirely correct. Goods trade is only one slice of China’s external balance, and it is increasingly offset by large outflows such as import of services and investment income payments. Moreover, China’s total current account surplus is US$657 billion or 3.4 per cent of gross domestic product (GDP). Having a much smaller current account surplus means China effectively runs a huge services and income account deficit. The country is a major importer of foreign services, ranging from transport to financial services. Advertisement Many Chinese households spend their money abroad and Chinese firms rely on foreign logistics, insurance, licensing and know-how to operate or produce goods and services. All these have resulted in a persistent and sizeable services trade deficit – roughly US$200 billion a year that offsets part of the goods surplus. Then there is investment income. China pays substantial amounts of profits, dividends and interest incomes to foreign investors who own factories, subsidiaries and equity stakes inside the country. Those payments, now at about US$150 billion, reflect decades of inward foreign direct investment that has helped build China’s industrial base in the first place. A significant share of what looks like “Chinese” export income ultimately accrues to foreign capital owners. Advertisement This matters because overcapacity is a macroeconomic concept, not a sectoral talking point. A country that exports manufactured goods but imports services and pays income abroad is not simply dumping excess output on the rest of the world. It is engaging in a more complex exchange in which incomes associated with production are partly recycled back to the world economy through service imports and capital income r...
Intel still needs time to capitalize on the AI chip market's growth, but its rival is already making solid progress in this space. Intel (INTC 0.25%) has been one of the hottest stocks in the semiconductor space in the past six months. The share price is up an incredible 137% during this period, due to the company's turnaround efforts and investments by Nvidia, SoftBank, and the U.S. government, w...
Intel still needs time to capitalize on the AI chip market's growth, but its rival is already making solid progress in this space. Intel (INTC 0.25%) has been one of the hottest stocks in the semiconductor space in the past six months. The share price is up an incredible 137% during this period, due to the company's turnaround efforts and investments by Nvidia, SoftBank, and the U.S. government, which have bolstered the company's balance sheet. However, Intel still has a lot of work to do before it can capitalize on the impressive growth opportunity in semiconductors. It wasn't surprising, then, to see Intel's stock crashing after releasing its latest quarterly report. Let's see why that was the case and take a closer look at another semiconductor stock that's in a better position to make the most of the artificial intelligence (AI)-fueled growth in the semiconductor market. Intel's turnaround is going to take time Intel reported a 4% year-over-year drop in revenue in the fourth quarter of 2025. The company's data center and AI (DCAI) segment, however, reported slightly stronger year-over-year growth of 9%. Intel management pointed out on the latest earnings call that its DCAI revenue "would have been meaningfully higher if we had more supply." Expand NASDAQ : INTC Intel Today's Change ( -0.25 %) $ -0.12 Current Price $ 48.66 Key Data Points Market Cap $244B Day's Range $ 46.99 - $ 48.77 52wk Range $ 17.66 - $ 54.60 Volume 124M Avg Vol 98M Gross Margin 34.77 % Management estimates that Intel's supply situation will start improving in the next quarter and continue to improve as the year progresses. As a result, there's a good chance the stock regains its momentum later in 2026, especially due to the healthy demand for its AI-focused offerings. However, for a stock that's trading at an expensive 88 times earnings, Intel needed to deliver solid guidance to justify its valuation. This is where it failed. Intel management called for break-even earnings per share in Q2, w...
Intel still needs time to capitalize on the AI chip market's growth, but its rival is already making solid progress in this space. Intel (INTC 0.25%) has been one of the hottest stocks in the semiconductor space in the past six months. The share price is up an incredible 137% during this period, due to the company's turnaround efforts and investments by Nvidia, SoftBank, and the U.S. government, w...
Intel still needs time to capitalize on the AI chip market's growth, but its rival is already making solid progress in this space. Intel (INTC 0.25%) has been one of the hottest stocks in the semiconductor space in the past six months. The share price is up an incredible 137% during this period, due to the company's turnaround efforts and investments by Nvidia, SoftBank, and the U.S. government, which have bolstered the company's balance sheet. However, Intel still has a lot of work to do before it can capitalize on the impressive growth opportunity in semiconductors. It wasn't surprising, then, to see Intel's stock crashing after releasing its latest quarterly report. Let's see why that was the case and take a closer look at another semiconductor stock that's in a better position to make the most of the artificial intelligence (AI)-fueled growth in the semiconductor market. Intel's turnaround is going to take time Intel reported a 4% year-over-year drop in revenue in the fourth quarter of 2025. The company's data center and AI (DCAI) segment, however, reported slightly stronger year-over-year growth of 9%. Intel management pointed out on the latest earnings call that its DCAI revenue "would have been meaningfully higher if we had more supply." Expand NASDAQ : INTC Intel Today's Change ( -0.25 %) $ -0.12 Current Price $ 48.66 Key Data Points Market Cap $244B Day's Range $ 46.99 - $ 48.77 52wk Range $ 17.66 - $ 54.60 Volume 124M Avg Vol 98M Gross Margin 34.77 % Management estimates that Intel's supply situation will start improving in the next quarter and continue to improve as the year progresses. As a result, there's a good chance the stock regains its momentum later in 2026, especially due to the healthy demand for its AI-focused offerings. However, for a stock that's trading at an expensive 88 times earnings, Intel needed to deliver solid guidance to justify its valuation. This is where it failed. Intel management called for break-even earnings per share in Q2, w...
Trump Reopens Airspace Over Venezuela, Restores Direct US Flights After 5+ Years Venezuela had already long been an embargoed country, akin to Cuba in many aspects. For example, direct commercial passenger and cargo flights between the US and Venezuela have been impossible, going back to a May 2019 suspension ordered during the first Trump administration. But after the US military ouster of Maduro...
Trump Reopens Airspace Over Venezuela, Restores Direct US Flights After 5+ Years Venezuela had already long been an embargoed country, akin to Cuba in many aspects. For example, direct commercial passenger and cargo flights between the US and Venezuela have been impossible, going back to a May 2019 suspension ordered during the first Trump administration. But after the US military ouster of Maduro, President Trump said Thursday that he ordered the reopening of Venezuela's commercial airspace . This move, and the fact that Washington will now be overseeing the country's monthly budget , demonstrates how decisively the US now claims to be running affairs in the oil-rich South American state. source: Flightradar24 Trump told a televised cabinet meeting he has already "informed" interim president Delcy Rodríguez that US oil companies would soon be arriving to scout potential projects . It was once documented that after the US-NATO overthrow of Libya's Muammar Gaddafi, the oil executives made it to Tripoli before the diplomats, as their private jets were faster. This looks to be the case with Venezuela too, given the US Embassy has not even yet reopened. " American citizens will very shortly be able to go to Venezuela, and they will be safe there. It’s under very strong control," Trump said at the White House. Shortly after Trump’s remarks, American Airlines said it would move to resume flights to Venezuela, pending formal approval from the administration and assurances of "secure conditions". Trump confirmed that he had directed the Transportation Department to lift the previous restrictions. Trump also had some positive words in support of Maduro's former Vice President, current interim leader Rodríguez : The president said he had instructed the US transportation secretary, Sean Duffy, and Pentagon officials to implement the change before the day’s end. He characterized the security situation in Venezuela as being “under very strong control” after Rodríguez replaced Ma...
A precautionary recall of infant formula products in Europe has sent South Korean parenting communities into a frenzy, with online mum cafes and forums buzzing over fears that some popular imported brands may pose health risks to babies. While the recall affects several European manufacturers, much of the anxiety in South Korea has centred on Aptamil – a premium brand widely dubbed the “Gangnam fo...
A precautionary recall of infant formula products in Europe has sent South Korean parenting communities into a frenzy, with online mum cafes and forums buzzing over fears that some popular imported brands may pose health risks to babies. While the recall affects several European manufacturers, much of the anxiety in South Korea has centred on Aptamil – a premium brand widely dubbed the “Gangnam formula” for its association with wealthy families and high-end parenting choices. The recall involves certain batches of infant formula manufactured in Europe that may contain trace amounts of cereulide, a toxin produced by the foodborne bacterium Bacillus cereus. The toxin can cause nausea, vomiting, abdominal pain and diarrhoea, and is known to withstand heat during food processing. Advertisement France-based food giant Danone said last Friday that it initiated a precautionary recall in Europe of some batches of “Aptamil First Infant Formula 800g” after a supplier flagged potential contamination. According to the UK Food Standards Agency, the affected products were sold in several European countries, primarily during the summer months, with an expiration date of October 2026. News of the recall quickly spread across South Korean parenting communities, where Aptamil has long been popular through overseas direct purchases and parallel imports. Advertisement “I already stocked up on 10 cans of Aptamil, and now I don’t know what to do,” said a mother of a three-month-old baby. “This is basically my worst nightmare,” another parent said. “How can something like this happen with infant formula?”
The London Metal Exchange delayed the start of trading on Friday due to technical issues, according to a notice to brokers seen by Bloomberg News, a glitch that follows days of heightened global volatility and record prices. A pause has been applied to the LME’s electronic trading platform while a technical issue is being investigated, according to the notice, and there is no estimated time for a ...
The London Metal Exchange delayed the start of trading on Friday due to technical issues, according to a notice to brokers seen by Bloomberg News, a glitch that follows days of heightened global volatility and record prices. A pause has been applied to the LME’s electronic trading platform while a technical issue is being investigated, according to the notice, and there is no estimated time for a restart. Trading on the LME, which sets global prices for all major base metals, usually starts at 1:00 a.m. London time. The halt to trading caps a tumultuous week for metals markets, with prices posting spectacular gains amid intense investor interest. Copper posted its biggest intraday gain since 2008 on Thursday, rising more than 11% at one stage to hit a record above $14,500 a ton.