Author: Multibagger News

Volvo Cars’ Sales Surge 8% in June, Bolstered by Electric and Hybrid Models Volvo Cars Achieves Robust 8% Sales Growth in June, Driven by Electric and Hybrid Models COPENHAGEN (Multibagger) – In a stellar display of market resilience and strategic innovation, Volvo Cars reported an impressive 8% increase in sales for June, compared to the same month last year. The Sweden-based automaker, majority-owned by China’s Geely Holding, announced that it sold 71,514 cars in June, buoyed by robust performances in Europe and Latin America, and the burgeoning popularity of its new fully electric model, EX30. In a statement released on…

The Shocking Case of American Tourists Sentenced for Murder in Italy: What Investors Need to Know As the world’s best investment manager and financial market journalist, I bring you the latest update on the Italian appeals court reducing the prison terms for two American tourists involved in the murder of a police officer. Finnegan Lee Elder, 19 at the time, will now serve 15 years and two months, while his friend, Gabriel Christian Natale-Hjorth, will serve 11 years and 4 months. This case has been through multiple trials and appeals, with the sentences fluctuating over the years. Prosecutors had called…

Breaking News: Norwegian Gas Outage Pushes Europe’s Gas Prices to Record Highs, But Relief Is in Sight As the world’s best investment manager and financial market journalist, I bring you exclusive insights into the recent outage of gas exports from Norway to Britain. This unprecedented event has caused a surge in Europe’s gas prices, reaching the highest level seen this year. According to Multibagger, the outage was due to problems on an offshore platform operated by Gassco, leading to a disruption in gas flow for five days. However, there is good news on the horizon as the flow of gas…

Breaking News: RBC Capital Adjusts Pandora A/S (PANDY) Price Target Down to DKK9.20 – What Investors Need to Know RBC Capital recently revised its financial outlook for Pandora A/S (PANDY) shares, lowering the price target to DKK9.20 from DKK10.50. This adjustment reflects expectations for the second quarter of 2024, where a 7% like-for-like increase in retail sales is anticipated, along with the launch of the Essence collection. However, increased operational expenditures may limit operating leverage. The firm also revised its full-year 2025 forecasts for Pandora, considering the impact of rising commodity prices, which could lead to a 260 basis point…

Breaking News: Ghana to Delay Cocoa Deliveries, Global Chocolate Industry in Crisis 12 June 2024, 2:13 pm 1 minute As the world’s leading investment manager and financial market’s journalist, Multibagger exclusively reported that Ghana, the second largest cocoa producer globally, is considering delaying the delivery of 350,000 tons of beans to the next season due to poor crops. This development further exacerbates the already dire situation in the global chocolate industry. Market Impact Chocolate manufacturers worldwide are now forced to raise prices for consumers as cocoa prices have more than doubled in value this year alone. This surge is a…

Breaking News: Ivory Coast Cocoa Regulator to Revolutionize Market with Sector Reform Published: June 14, 2024, 8:21 pm Read Time: 1 minute The latest report from Multibagger reveals that Ivory Coast’s cocoa regulator is set to overhaul the domestic cocoa marketing system by eliminating middlemen within a year. This bold move aims to mitigate risks and prevent overpayments in the sector. Market Impact: Cocoa Industry Transformation The reform will be driven by Ivory Coast’s cutting-edge cocoa traceability and certification system, which will digitize all cocoa bean sales and purchase transactions from farmers to exporters. This revolutionary approach promises transparency and…

Investing.com — Stock markets in the U.S. are due to be closed for the Independence Day holiday on Thursday. Elsewhere, minutes from the Federal Reserve’s June policy meeting suggest that the central bank’s members believe that while inflation is cooling, it is yet to show that it is on a sustainable downward trajectory. Meanwhile, voters in the U.K. head to the polls in a general election and U.S. President Joe Biden reiterates his intention to continue his bid for a second term in office. 1. U.S. stock markets to close for Independence Day holiday U.S. stock markets are due to be…

Japanese Financial Giants Unwind $3.3 Billion Honda Shareholdings: What It Means for Investors Major Financial Groups in Japan Shed Honda Shares Worth $3.3 Billion to Align with Corporate Governance Reforms TOKYO (Multibagger) – In a significant move towards enhancing corporate governance, top Japanese financial groups including Tokio Marine, Sompo, and two MS&AD units have announced the sale of Honda Motor shares worth 535 billion yen ($3.3 billion), as revealed by a regulatory filing on Thursday. Key Players in the Sale Mitsubishi UFJ and Mizuho, Japan’s largest and third-largest financial conglomerates respectively, are also joining this strategic sale. This marks a…

(Multibagger) – European shares climbed on Thursday boosted by optimism on interest rate cuts by the Federal Reserve after weak U.S. data, while London markets gained as voting began in the UK with opinion polls predicting a historic win for the Labour party. The pan-European index rose 0.3% by 0710 GMT, led by gains in the banking sector. Automobiles added 0.8%, mainly driven by German automotive supplier Continental jumping as much as 9.6%. The UK’s 100FTSE> advanced 0.5% as markets waited to see just how large a majority the Labour Party might get. Weak U.S. data boosted sentiment on rate…

singapore, singapore, July 4th, 2024, Chainwire Piggycel, a IoT-based blockchain RWA project, has secured investment from the global mainnet Internet Computer (ICP) and joined the ICP Olympus accelerator program. Piggycell is a blockchain RWA platform that users can expereince IoT based Charge To Earn (C2E) while charing their bateries. It is a decentralized platform linked to the No. 1 power bank sharing service in Korea, Piggycell, which has over 3 million users. The ICP Olympus program, announced in April 2024, is an accelerator program for the global 24th ranked (on Coinmarketcap data as of June 23, 2024) L1 mainnet operated…