Author: Multibagger News

By Khanh Vu and Francesco Guarascio Thousands of residents in Vietnam’s capital evacuated as Typhoon Yagi causes severe flooding Typhoon Yagi, the most powerful in Asia this year, hits Hanoi and northern provinces, causing devastation Severe floods and landslides lead to 143 deaths and 58 missing people in Vietnam Factories and warehouses in northern Vietnam shut down, affecting global supply chains Analysis: The recent impact of Typhoon Yagi in Vietnam has not only caused devastation in terms of loss of lives and property, but it has also severely affected the country’s economy and global supply chains. The flooding and landslides…

Gold Prices Surge as Harris-Trump Debate Raises Uncertainty for 2024 Elections In the aftermath of a fiery debate between presidential candidates Kamala Harris and Donald Trump, gold prices in Asian trade soared to near record highs. This surge in gold prices was fueled by anticipation of a key U.S. inflation reading and a drop in U.S. stock index futures, which signaled a shift towards safe haven assets. Gold rose 0.1% to $2,519.73 an ounce, while gold futures expiring in December climbed 0.2% to $2,548.45 an ounce. The decline in the dollar post-debate further boosted gold prices, with spot prices trading…

Breaking News: ADNOC’s $15.9 Billion Acquisition of Covestro – What It Means for Your Investments and Financial Future In a groundbreaking move set to reshape the petrochemical landscape, Abu Dhabi National Oil Company (ADNOC) has announced its intention to acquire Covestro, a leading German polymer company, for a staggering $15.9 billion, according to a report by the Financial Times. Strategic Implications for ADNOC and Covestro ADNOC’s acquisition of Covestro is more than just a simple buyout; it represents a strategic initiative aimed at diversifying ADNOC’s portfolio and strengthening its foothold in the global petrochemical market. This acquisition is expected to…

Electric Vehicle Production in Thailand Faces Challenges as Sales Fall Short of Expectations Thailand’s ambitious plan to become a regional hub for electric vehicle (EV) production is facing hurdles as sales in the country are not meeting targets. Major Chinese and Japanese manufacturers, including BYD Motors and Great Wall Motor, have invested over $1.44 billion in new production facilities in Thailand to take advantage of government incentives. However, due to tighter loan requirements from Thai banks, EV sales have faltered. The Electric Vehicle Association of Thailand (EVAT) is now seeking an extension of production deadlines under the main incentive scheme…

As the World’s Top Investment Manager and Financial Market Expert, I Bring You the Latest on Harris Campaign’s Push for October Presidential Debate In a recent statement, a spokesperson for the Harris campaign has expressed their desire for an October presidential debate. This news has sparked interest and speculation in the political sphere as the election draws near. But what does this mean for your finances? As an investor, staying informed about the political climate is crucial for making wise decisions in the market. The outcome of the presidential election can have significant impacts on various industries and sectors. By…

Asian Currencies Soar as Dollar Dips Post-Presidential Debate; Eyes on CPI Data As the dollar retreated following a fiery U.S. presidential debate, Asian currencies saw gains on Wednesday. The Japanese yen, in particular, reached its strongest level since early-January, driven by increased safe haven demand and hawkish comments from Bank of Japan officials. While broader Asian currencies also advanced, regional markets continued to recover from recent losses amid waning risk appetite. In Asian trade, the and both fell about 0.2% as the dollar weakened post-debate. The debate between Kamala Harris and Donald Trump heightened expectations for a contested 2024 presidential…

Ford Motors Eyes Re-Entry into Indian Market: Talks with Tamil Nadu for Export Production BENGALURU (Multibagger) – In a strategic move that could redefine its global footprint, Ford Motor (NYSE:) is in negotiations with Tamil Nadu, a key state in India, to explore the possibility of manufacturing vehicles for export. This development was confirmed by Tamil Nadu Chief Minister M.K. Stalin in a post on X (formerly known as Twitter) on Wednesday. Ford ceased its manufacturing operations in India three years ago, citing difficulty in capturing market share amid fierce competition from Asian automakers. “We discussed the feasibility of rekindling…

Antony Blinken to Visit Ukraine Amid Escalating Russia-Ukraine Conflict As the world’s best investment manager and financial market journalist, I bring you the latest updates on U.S. Secretary of State Antony Blinken’s upcoming visit to Ukraine. In a critical moment for the country’s fight against Russia’s invasion, Blinken will meet with Ukrainian President Volodymyr Zelenskiy to discuss Kyiv’s goals in the war and how the U.S. can support them. The intensifying fall fighting season has seen Russia escalate its aggression, putting Ukrainian forces under pressure. Zelenskiy has been calling for Western countries to supply longer-range missiles to combat Russian advances.…

InMobi Secures $100 Million Debt Financing for AI Expansion and Potential IPO In a strategic move to bolster its artificial intelligence initiatives and prepare for a planned IPO next year, InMobi, a profitable Indian adtech startup, has secured $100 million in debt financing. The funding, provided by Mars Growth Capital, a joint venture between MUFG and Liquidity Group, will help InMobi “significantly deepen” its AI capabilities and potentially fund AI acquisitions. InMobi, backed by SoftBank and serving major clients such as Mastercard, Samsung, Vodafone, and Coca-Cola, has been at the forefront of AI advancements in the ad industry. The company’s…

The Ultimate Analysis of the 2024 Presidential Debate: Kamala Harris vs. Donald Trump By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind Democratic Vice President Kamala Harris and her Republican rival Donald Trump went head-to-head in an epic showdown during their first presidential debate for the 2024 election. The clash of titans garnered reactions from political strategists, politicians, and donors: Marc Short, Former Chief of Staff to VP Pence, highlighted missed opportunities for Trump and praised Harris for looking presidential. Karen Finney, Democratic Strategist, hailed Harris’s performance as one of the most impressive in modern politics. Chris…