Author: Multibagger News

By Ariba Shahid If you’re looking to invest in Pakistan, now might be the perfect time. Pakistan’s central bank is expected to cut its key interest rate during its upcoming policy meeting, following a drop in inflation to single digits in August for the first time in nearly three years. Analysts predict another rate cut, with expectations ranging from 100 basis points to 200 bps. This would continue the trend from previous cuts in June and July, bringing rates down from 22% to 19.5%. The recent reductions were made possible by a staff level agreement with the IMF and a…

Title: Swiggy Plans to Increase IPO Fresh Issue by $150 Million to Raise $1.4 Billion | Latest Updates Indian food delivery giant Swiggy is considering boosting the fresh issue component of its upcoming IPO by $150 million, with plans to raise a total of up to $1.4 billion. This move could make Swiggy’s IPO one of the biggest public listings in India this year, attracting significant attention from investors and analysts. According to a recent filing for an extraordinary general meeting, Swiggy is seeking shareholder approval to raise up to 50 billion rupees ($600 million) through a fresh issue of…

Apple Faces AI Backlash in China Amid Stiff Competition from Huawei: What It Means for Investors Apple’s New iPhone 16 Launch Sparks Controversy in China Over AI Capabilities Beijing (Multibagger) – Apple (NASDAQ:AAPL) has recently unveiled its highly anticipated iPhone 16, aiming to invigorate consumer interest amidst dwindling smartphone sales. However, the launch has ignited a storm of criticism in China, primarily due to the absence of robust artificial intelligence (AI) features—a significant drawback in the world’s largest smartphone market, where it faces fierce competition from Huawei Technologies. iPhone 16: A Missed Opportunity in AI? The iPhone 16 was revealed…

Global Hiring Outlook for Fourth Quarter of 2024 Remains Steady Despite Weaker Quarter Ahead: ManpowerGroup SurveyBy Divya Chowdhury ManpowerGroup’s Employment Outlook Survey reveals that companies’ global hiring intentions are expected to hold steady in the fourth quarter of 2024, with a slightly higher outlook of 25% compared to the previous quarter. However, year-on-year, the net employment outlook (NEO) metric fell by 5%. Employers across 42 countries were surveyed, with more than 40% expecting an increase in hiring plans and 16% anticipating a reduction. The IT and real estate sectors reported the strongest hiring intentions, while North American employers remained the…

Top Investment Manager Analyzes Risky SpaceX Mission Attempting First-Ever Private Spacewalk By Joey Roulette and Gerry Doyle WASHINGTON (Multibagger) – A crew of four private astronauts is gearing up for a daring SpaceX mission to make history with the first private spacewalk utilizing new spacesuits and a redesigned spacecraft. With a billionaire entrepreneur, a retired military fighter pilot, and two SpaceX employees on board, the launch is set for 3:38 a.m. ET (0738 GMT) from NASA’s Kennedy Space Center in Florida, marking SpaceX’s fifth – and most challenging – private space mission to date. Last month’s launch attempt was halted…

Uncovering the Untapped Potential of Sri Mandir: The Ultimate Devotional App for Hindus In 2023, the Trivedi family in the U.S. discovered Sri Mandir, an emerging devotional app that revolutionizes the way Hindus worldwide connect with their faith. This app offers virtual access to over 50 Hindu temples in India, allowing users to participate in prayers, make donations, and engage in devotional content from their smartphones. Despite its high cost of $100 per month for users outside India, Sri Mandir has gained over 30 million downloads since 2020, with a significant global presence, especially in the U.S., Canada, the U.K.,…

Dogecoin (DOGE) Price Rises to $0.10, Potential Uptrend on the Horizon as Stagnation Persists for Shiba Inu (SHIB) and XRP Avoids Catastrophe After weeks of uncertainty, Dogecoin (DOGE) is starting to show signs of recovery as its price rises steadily, currently trading at $0.10. The meme-based cryptocurrency is approaching the $0.10 mark, a crucial psychological barrier that could indicate new life for DOGE. Recent price movements have seen DOGE gain almost 2% in the past day, with higher lows suggesting the potential formation of an uptrend. Additionally, market dynamics have slightly changed in Dogecoin’s favor, with increased social media activity…

Chinese Auto Giants Defy Trade Barriers to Showcase at Frankfurt’s Automechanika 2023 By Victoria Waldersee FRANKFURT (Multibagger) – In a bold move defying looming trade barriers, nearly 900 Chinese auto suppliers and a select group of electric vehicle (EV) manufacturers are making their presence felt at the Automechanika trade fair in Frankfurt. This strategic maneuver aims to expand China’s global automotive footprint while countering declining profitability in their domestic market. Leading Chinese carmakers such as BYD, Geely, Hongqi, and GAC International will be displaying their latest vehicles at the event. Traditionally focused on suppliers, Automechanika has this year introduced an…

The Ultimate Guide to Investing: Market Outlook and Analysis by Rae Wee Global share markets saw a brief rebound before being dampened by lacklustre economic indicators from China, impacting Asian stocks. The situation has set up a mixed opening in Europe, with positive signs in EUROSTOXX 50 futures, while fell 0.3%. Later in the day, data on British pay growth and joblessness will be released, potentially pointing to a further easing of inflationary pressures. This could lead to more rate cuts from the Bank of England, surprising investors who are currently only expecting minimal easing. Looking ahead, the Fed’s upcoming…

(Multibagger) – The U.S. is set to launch economic talks this week with Bangladesh’s interim government, including its leader Nobel Peace Prize laureate Muhammad Yunus, the Financial Times reported on Tuesday. “The United States is optimistic that, by implementing needed reforms, Bangladesh can address its economic vulnerabilities and build a foundation for continued growth and increased prosperity,” Neiman, assistant U.S. Treasury secretary for international finance, told the newspaper. Analysis: The United States is initiating economic discussions with Bangladesh’s interim government, led by Nobel laureate Muhammad Yunus. These talks aim to address Bangladesh’s economic vulnerabilities and pave the way for sustained…