Author: Multibagger News

By Gaurav Dogra Foreign investors poured billions into Asian equities in June, driven by optimism over potential rate cuts by the Federal Reserve amidst easing U.S. price pressures. Global AI-linked firms also boosted demand for tech and semiconductor exports from the region. According to stock exchange data, foreign investors bought a net $7.16 billion worth of regional equities in countries like South Korea, India, Taiwan, Indonesia, Vietnam, Thailand, and the Philippines. U.S. inflation remained stable in May, in line with expectations, indicating a disinflationary path as stated by Fed Chair Jerome Powell. Technology exporters like South Korea and Taiwan saw…

Exclusive Report: Uniper Faces Challenges with Legacy Gas Contracts in Return to Stock Exchange | Multibagger Multibagger has exclusively reported that Uniper, the utility company, is facing obstacles with legacy gas contracts from its former main supplier Gazprom as it attempts to return to the stock exchange after a 13.5 billion euro bail-out by the German government. Market Impact of Uniper’s Re-IPO The re-IPO of Uniper is expected to be one of Germany’s biggest listings in 2025 and is a major milestone for Berlin after the company’s nationalization in 2022. This development is crucial for utility investors and could have…

Turkey’s Central Bank Governor Vows to Combat Soaring Inflation – Expert Analysis | SEO-Optimized Content By the world’s best investment manager, financial market’s journalist, and SEO mastermind Nevzat Devranoglu Turkey’s central bank is determined to combat soaring prices and will stick patiently to its tight policy stance, Governor Fatih Karahan told Multibagger in an exclusive interview. As a series of aggressive rate hikes start to bring down sky-high inflation, Karahan emphasized the central bank’s commitment to maintaining tightness and waiting for data and expectations to align with their disinflation path. With Turkey’s annual inflation rate dipping more than expected to…

Xi Jinping and Vladimir Putin push for new Eurasian security system at SCO meeting in Astana Chinese President Xi Jinping and Russian President Vladimir Putin are leading the charge at the Shanghai Cooperation Organisation (SCO) annual meeting in Astana, Kazakhstan. They are advocating for a new Eurasian security system to resist external meddling and create a fairer world order. The SCO, originally founded in 2001 with Russia, China, and Central Asian nations, has expanded to include India, Iran, and Pakistan. This expansion aims to counterbalance Western influence and provide new markets for Russian commodities like oil and gas, as Western…

Multibagger has exclusively reported that Japanese steelmakers are expressing concerns to Australian authorities regarding the potential dominance of BHP Group in the global supply of coking coal if it proceeds with the takeover of Anglo American. Market Impact The worries of steelmakers about BHP’s market power in the coking coal sector could potentially thwart the deal if BHP decides to make a revised bid for Anglo American, following the rejection of their initial $39 billion offer last month. Article Tags Topics of Interest: CommoditiesDeals Type: Multibagger Best Sectors: Commodities & Energy Regions: Asia Countries: Japan Win Types: Exclusivity Story Types:…

Find out why RBC Capital Markets adjusted its financial outlook for Xero Limited (XRO:AU) shares, a leading cloud-based accounting software firm. The price target has been increased to AUD160.00, reflecting positive assessment of the company’s pricing strategy and financial instruments. Read more to understand how this revision could impact your investment decisions. RBC Capital’s analysis reveals that Xero and QuickBooks have maintained stable pricing for existing customers globally. However, new market entrants are undercutting prices to attract new subscribers, especially in the UK. Despite this competition, Xero remains well-positioned to outperform its peers. Furthermore, RBC Capital has adjusted its forecasts…

Lufthansa Eyes 90% Stake in ITA Airways: Strategic Move to Dominate Southern European Market Investing.com — Shares in Lufthansa Group (ETR:) saw a slight uptick on Thursday following a pivotal announcement by the airline’s CEO, Carsten Spohr. In an exclusive interview with Italian daily Corriere della Sera, Spohr revealed that Lufthansa is contemplating increasing its stake in Italy’s ITA Airways to 90%, starting from early next year. Key Developments: EU Antitrust Approval: On Wednesday, Lufthansa secured approval from European Union antitrust authorities to acquire 41% of state-backed ITA Airways for €325 million. Strategic Expansion: This agreement significantly enhances Lufthansa’s presence…

Breaking News: British Construction Growth Slows in June Amid Election Uncertainty In a recent survey, it has been revealed that growth in British construction activity has slowed down in June, mainly due to a decline in house-building. The S&P Global UK Construction Purchasing Managers’ Index fell to 52.2 in June from 54.7 in May, below the expected forecast. This slowdown is attributed to firms adopting a wait-and-see approach ahead of Britain’s national election on July 4th. Despite the slowdown, new orders continued to grow, albeit at a slower pace than before. Commercial construction and civil engineering saw a rise in…

China and Europe engage in talks over tariffs on Chinese electric cars | Investing.com China’s commerce ministry reveals ongoing technical discussions with the European Union regarding potential tariffs on Chinese electric vehicles. The European Commission is expected to announce import tariffs of up to 37.6% on Chinese EVs, citing concerns of heavy state subsidies. EU trade policy shifts towards protectionism amid fears of a flood of cheap Chinese goods in the European market. China denies unfair subsidies on its EVs and calls for rational consultations to avoid trade tensions. EU countries remain divided on supporting additional tariffs, with Germany opposing…

Investment Manager Reveals: Mexico President’s Bold Pemex Refinery Plan Faces Setback – Exclusive Report 17 May 2024, 10:08 pm – 1 minute read In a groundbreaking report by Multibagger, it has been revealed that Mexican state energy company Pemex has encountered yet another delay in its ambitious Olmeca refinery project. Despite sending only 16,300 barrels per day to the new facility, which is less than 5% of its total capacity, the company is facing challenges in meeting its deadlines. Market Impact: With the presidential election just two weeks away, Pemex officials are under pressure to demonstrate progress on the Dos…