PT Pakuan holds extraordinary shareholder meeting

Additional Details Marwa Rashad, Reuters London, October 7 – According to two informed sources, the first liquefied natural gas (LNG) production line of QatarEnergy’s “North Field East” expansion project is ready to begin operations in November, offering Qatar a way to recover part of its output lost after attacks by Iran. As Qatar continues to address the damage in the Ras Laffan region—where the attack resulted in the loss of 17% of the country's LNG production capacity—the commissioning of this line marks a major milestone for the world’s largest LNG expansion project. Last month, QatarEnergy CEO Saad al-Kaabi said the project is still expected to come online in the first half of 2027, despite the US-Israel coalition’s war against Iran causing interruptions to shipping in the Strait of Hormuz. Two industry sources said the company expects to begin LNG production tests in November, with one indicating that as long as the Strait of Hormuz remains closed, commercial commissioning may be delayed to the first quarter of 2027. (To serve non-English speakers, Reuters provides automated translations of its reports into several other languages. As these translations may contain errors or lack necessary context, Reuters does not guarantee their accuracy and provides them solely for readers’ convenience. Reuters assumes no liability for any damages or losses resulting from the use of its automated translation features.)

October 7th - ** Shares of memory chip manufacturer Micron (MU.O) fell 2.8% in pre-market trading to $1,016.26 ** The Taiwan labor union representing Micron Technology employees has won approval for a strike over the bonus plan (link). ** With the memory chip market already facing tight supply, the strike could intensify market concerns over supply ** “The union is aware that memory prices have surged and Micron is generating huge revenues. This gives employees more bargaining power, and investors now need to factor this in,” said Kathleen Brooks, Research Director at XTB ** Shares of other US chipmakers also declined, with Nvidia (NVDA.O), Advanced Micro Devices (AMD.O), and Broadcom (AVGO.O) down 0.68%, 1.95%, and 1.02% respectively ** US-listed shares of contract chip manufacturer TSMC (TSM.N) fell 2.05%, while smartphone chipmaker Qualcomm (QCOM.O) dropped 1.40% ** By the close of the previous trading day, MU’s share price had risen nearly fourfold so far this year, while the Philadelphia Semiconductor Index (.SOX) had gained over 86% (For non-English speakers’ convenience, Reuters provides automated translations of its reports into several other languages. Automated translations may contain errors or lack necessary context; Reuters does not guarantee the accuracy of these translations and provides them solely for reader convenience. Reuters accepts no liability for any harm or loss due to use of the automated translation function.)