Author: Multibagger News

JAKARTA (Multibagger) – Indonesia’s incoming President Prabowo Subianto is exploring possibilities to remove the fiscal deficit and debt-to-GDP ratio ceilings, aiming to fund his campaign pledges, investigative magazine Tempo reported this week, citing unidentified sources. Under Indonesia’s State Finance Law, introduced in the aftermath of the Asian financial crisis in the late 1990s, the government’s annual budget deficit is capped at 3% of gross domestic product and the maximum debt-to-GDP ratio is 60%. Prabowo has set up a special team to review options to revise the laws to remove the fiscal limitations, as well as to create a new tax…

Exclusive: Cuba Foils US-Backed Plot to Destabilize Government, 32 Detained – Nelson Acosta By Nelson Acosta HAVANA (Multibagger) – Cuba has foiled a plot to sneak arms and ammunition onto the Caribbean island from the United States, detaining nearly three dozen people in a broader scheme authorities say sought to destabilize its government, a Cuba Interior Ministry official said on Monday. Cuba first unveiled details of the plot last December, when authorities said a Cuban man residing in the United States arrived on the island by jetski, armed with guns, ammunition and military gear, to recruit others and commit acts…

Bitcoin Price Rises Amid Mt Gox Fear, Ether Surges on ETF Speculation As the world’s best investment manager, financial market journalist, and SEO mastermind, I bring you the latest updates on the cryptocurrency market. Bitcoin’s price has seen a slight increase after recent losses, while Ether has surged amidst speculation of a spot exchange-traded fund being on the horizon. Bitcoin, the world’s largest cryptocurrency, had been facing significant losses over the past two weeks, hitting a four-month low last week due to concerns over token distributions by the defunct crypto exchange Mt Gox. However, the losses seem to have paused…

Title: "Honda to Cease Thai Vehicle Production by 2025 Amidst Rising Competition from Chinese EV Makers" Introduction: As an investment manager, seasoned financial market journalist, and SEO expert, I present a critical update that could significantly impact your investment decisions and financial strategies. Honda, the globally renowned Japanese automaker, announced a major shift in its production strategy in Thailand. Let’s delve into the details and implications of this move. — Honda’s Strategic Production Consolidation in Thailand: Key Points: Production Halt at Ayutthaya Plant: Honda Motor (NYSE: HMC) will cease vehicle production at its Ayutthaya province plant by 2025. The factory,…

Guangzhou R&F Properties Faces Winding-Up Petition from Singapore Fund | Market Update In a recent development, Chinese property developer Guangzhou R&F Properties is in hot water as its unit Trillion Glory receives a winding-up petition from a Singapore-based private equity fund. The petition, filed by Seatown Private Credit Master Fund, highlights non-repayment of a substantial loan amounting to $613.66 million. This news comes amidst a challenging time for Chinese property developers, with R&F being the latest to face a liquidation suit from creditors. The company reassures investors that the petition will not significantly impact its business, emphasizing that a secured…

Unprecedented Damage as Tropical Storm Beryl Ravages Southeast Texas – Investment Insights Tropical Storm Beryl wreaked havoc in southeast Texas, causing devastation and loss of life. With howling winds and torrential rain, the storm took a deadly turn, claiming at least three lives and leaving more than 2.7 million homes and businesses without power. Oil ports were shut down, flights were canceled, and highways were flooded, bringing the region to a standstill. Beryl, initially a Category 5 hurricane, made landfall in Texas after causing destruction in the Caribbean. The storm’s impact on the oil industry, a major player in the…

Unlocking the Potential of Ethereum: Is the Ether ETF the Game-Changer We’ve Been Waiting For? As the world’s No.2 cryptocurrency, ether has been overshadowed by bitcoin’s meteoric rise. But with new ETFs set to hit the market soon, could ether be on the brink of a price rally beyond its previous all-time high? Experts seem to think so. Why is this the case? Well, according to Thomas Perfumo, head of strategy at Kraken, ethereum has half the level of spot liquidity compared to bitcoin. This means that even a smaller influx of dollars into the market could have a significant…

Breaking News: XRP, Shiba Inu, and Solana Showing Signs of Reversal – Here’s What You Need to Know In the world of cryptocurrencies, XRP, Shiba Inu, and Solana are showing signs of potential reversal and recovery after a period of downward movement. XRP has painted a morning doji star candlestick reversal pattern, indicating a possible shift from bearish to bullish momentum. This pattern suggests that buyers may be entering the market to reverse the downward trend, potentially leading to a long-term recovery. Similarly, Shiba Inu has found support at a key price level, indicating a possible bottom and a potential…

Truist Securities Raises Teleflex Incorporated (NYSE:TFX) Price Target to $235 Amid FDA Action Boost Truist Securities has increased the stock price target for Teleflex Incorporated to $235.00, up from $219.00, while maintaining a Hold rating. This adjustment is driven by potential revenue and earnings growth expected in 2025 due to market share opportunities arising from an FDA action against a competitor’s product. The FDA’s letter in May advising healthcare providers to transition away from Getinge’s intra-aortic balloon pumps (IABPs) is expected to benefit Teleflex, the second-largest player in the IABP market. Analysts project a revenue growth tailwind of 140 basis…

Title: Equity Markets Brace for Shift in Funds Flow in August | Goldman Sachs Report In a recent report, Goldman Sachs strategists predict a potential slowdown in passive inflows and an increase in outflows in the equity markets come August. After a record-breaking $231 billion inflow in the first half of 2024, equity exchange-traded funds (ETFs) and mutual funds are preparing for a change in investor behavior. Passive funds have been the preferred choice for investors, receiving $436 billion in inflows compared to $205 billion in outflows for active funds in the first half of the year. This trend has…