Author: Multibagger News

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind German Chancellor Olaf Scholz faces a challenging situation as the far-right Alternative for Germany (AfD) made significant gains in two regional elections, marking a historic moment in post-World War Two Germany. The results have raised concerns about the rise of right-wing extremism and its potential impact on the country’s political landscape. In the recent elections in Thuringia and Saxony, the AfD emerged as a strong contender, positioning itself as a key player in the state legislatures. Despite being labeled as “right-wing extremist” by security officials, the party’s nationalist…

Shares of New World Development, a major property developer in Hong Kong, dropped 14% after forecasting a net loss of up to HK$20 billion ($2.6 billion) for the financial year ending in June. This news sent the shares tumbling to a 21-year low of HK$6.74 in early trading. The company cited a 23% decrease in core operating profit from continuing operations, along with fair value and impairment losses of up to HK$9.5 billion, as reasons for the expected loss. The impact of interest rate hikes and currency depreciation were also mentioned as contributing factors. New World’s high debt-to-equity ratio and…

Breaking News: Brazil’s Supreme Court to Vote on Ban of Social Media Giant X – Will Elon Musk’s Platform Survive? In a dramatic turn of events, Brazil’s Supreme Court is set to decide the fate of social media platform X, formerly known as Twitter. Justice Alexandre Moraes has called for a crucial vote on Monday following the platform’s suspension in the country over legal representation issues. The feud between Justice Moraes and X’s owner, Elon Musk, escalated in April when the judge ordered the suspension of numerous X accounts for allegedly spreading disinformation. Now, with the platform facing a potential…

Breaking News: Brazil’s Supreme Court to Vote on Ban of Social Media Giant X, Threatening Elon Musk’s Empire In a dramatic turn of events, Brazil’s Supreme Court is set to vote on Monday on whether to uphold a ruling that could ban the popular social media platform X, formerly known as Twitter. This decision comes after the platform was abruptly suspended in the country over the weekend, sparking a heated feud between Justice Alexandre Moraes and X’s owner, Elon Musk. The clash between Justice Moraes and Musk began in April, when the judge ordered the suspension of numerous X accounts…

Title: Star Entertainment’s Shares Suspended: Unveiling the Financial and Cultural Crisis Introduction In a critical development that has sent ripples through the financial markets, Star Entertainment’s shares have been suspended from quotation. This abrupt move by the Australian Securities Exchange (ASX) comes hot on the heels of the company’s failure to lodge its financial results by the designated deadline. As the world’s leading investment manager and financial market journalist, I aim to dissect the implications of this suspension and provide you with an in-depth understanding of the underlying causes and their potential impact on your finances. The Suspension and Its…

Breaking News: China Manufacturing Activity Bounces Back in August, Boosting Confidence and Employment In a recent private sector survey, China’s manufacturing activity showed growth in August, driven by new orders that led to increased production. This positive development has lifted confidence about the outlook and supported employment in the sector. Despite this growth, there was a cause for concern as new export orders experienced their first decline in eight months. This decline, coupled with tamer exports data in July, has raised worries about the outlook, especially as the Christmas goods shipment peak began. The Caixin/S&P Global manufacturing PMI for August…

As the world’s best investment manager and financial market journalist, I am here to provide you with insights on Mexico’s upcoming judicial reform and its potential implications for investors and foreign relations. The Lower House of Congress is set to open debate on this controversial legislation, which has already caused a stir among judicial workers, strained relations with the United States, and spooked foreign investors. The proposed reform, championed by outgoing President Andres Manuel Lopez Obrador and incoming President Claudia Sheinbaum, aims to overhaul the judicial system by electing more than 7,000 judges and magistrates through popular vote. It also…

Unprecedented Job Ad Decline in Australia – Impact on Economy and Finance SYDNEY (Multibagger) – Australian job advertisements have experienced a significant decline for the seventh consecutive month in August, signaling a continued easing in labor demand amidst high interest rates and a slowing economy. Data from Australia and New Zealand Banking Group and employment website Indeed revealed a 2.1% drop in job ads in August compared to July, following a 2.7% decrease in the previous month. Year-on-year, job ads were down by a staggering 22.9%. Despite this, they remain 11.4% higher than pre-pandemic levels, indicating some resilience in the…

South Korea Factory Activity Growth Accelerates in August, Boosting Optimism for Investors SEOUL – In a recent private survey by S&P Global, South Korea’s factory activity growth has quickened in August, with output expanding at the fastest pace in over three years despite a slowdown in overseas demand. The Purchasing Managers Index (PMI) for manufacturers in Asia’s fourth-largest economy rose to 51.9 in August from 51.4 in July, remaining above the crucial 50-mark that separates expansion from contraction for the fourth consecutive month. According to Usamah Bhatti, an economist at S&P Global Market Intelligence, August has shown a stronger picture…

By Kevin Buckland TOKYO (Multibagger) – The dollar surged to a two-week peak against the euro on Monday as investors reassessed expectations for aggressive Federal Reserve policy easing. The focus has now shifted to a crucial U.S. jobs report coming later this week. The dollar reached its strongest level against the yen since Aug. 21, fueled by an increase in long-term Treasury yields to their highest point since mid-August. This was driven by a stable U.S. inflation measure, reducing the urgency for the Fed to implement a 50 basis points rate cut on Sept. 18. It climbed 0.27% to 146.60…