Author: Multibagger News

By Jonathan Saul and Kanishka Singh Yemen’s Iran-backed Houthi rebels targeted two tankers – the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I – in the Red Sea on Monday, causing chaos in the global oil market. The U.S. military condemned the attacks as “reckless acts of terrorism.” The Houthis claimed responsibility for the attack on the Blue Lagoon, using missiles and drones. The U.S. Central Command confirmed that both vessels were hit by ballistic missiles and a drone, jeopardizing their crude oil cargo. Despite the attacks, both tankers managed to continue their voyages without major damage or casualties. The…

Title: Dollar Holds Near Two-Week High Against Yen and Euro as Investors Await U.S. Payrolls Data – What to Expect As the world’s best investment manager and financial market journalist, I bring you the latest updates on the dollar’s performance against the yen and euro. The dollar is holding steady near a two-week high as investors wait for crucial economic data, including Friday’s U.S. payrolls report, which will impact the potential size of an upcoming interest rate cut by the Federal Reserve. The euro is currently trading at $1.1060, close to its recent low of $1.1042, while the yen is…

South Korea’s Kimchi Industry Threatened by Climate Change | Investing.com By Sebin Choi and Hyun Young Yi GANGNEUNG, South Korea (Multibagger) – South Korea’s famous kimchi is falling victim to climate change, with scientists, farmers and manufacturers saying the quality and quantity of the napa cabbage that is pickled to make the ubiquitous dish is suffering due to rising temperatures. Napa cabbage thrives in cooler climates, and is usually planted in mountainous regions where temperatures during the key growing summer season once rarely rose above 25 Celsius (77 Fahrenheit). Studies show that warmer weather brought about by climate change is…

South Korea’s Central Bank Forecasts Stable Consumer Inflation Trend – Best Investment Manager Reveals Latest Update! In a recent statement, the Bank of Korea announced that consumer inflation is expected to remain stable in the near future. This news comes after data revealed that inflation had reached the central bank’s target in August, indicating a quicker stabilization compared to other major economies. As the world’s best investment manager, it is crucial to stay informed about global economic trends and developments. Understanding how inflation rates impact financial markets can help investors make informed decisions and maximize their returns. With consumer inflation…

Bank Negara Malaysia to Keep Interest Rate Unchanged Through 2025, Strong Growth and Controlled Inflation Drive Policy Decision Bank Negara Malaysia (BNM) is set to maintain its key interest rate at 3.00% on Thursday, according to a Multibagger poll of economists. The central bank’s decision reflects robust economic growth and stable inflation rates, with all 30 economists surveyed agreeing on the status quo. Despite the recent appreciation of the Malaysian ringgit, BNM is unlikely to cut rates in the near future to avoid currency depreciation and potential inflationary pressures. The country’s GDP grew by 5.9% last quarter, driven by strong…

Breaking News: BigEndian Semiconductors Making Waves in India’s Semiconductor Market India, known for its large chip design workforce, is now making strides in the global semiconductor market. BigEndian Semiconductors, a new fabless design startup based in Bengaluru, is leading the charge with its development of surveillance chips for cameras. Led by CEO Sunil Kumar, a seasoned executive with experience at top chipmakers, BigEndian aims to tap into the growing demand for semiconductor alternatives to China. With the Indian government investing $9 billion in the local semiconductor industry, the country is set to become a major player in chip manufacturing. BigEndian’s…

China and South Africa Sign Trade Cooperation Documents in Beijing Meeting In a recent meeting between top leaders from China and South Africa in Beijing, various cooperation documents were signed to enhance trade relations and encourage increased investments between the two countries. The agreements cover areas such as satellite navigation systems, housing, settlement, and export requirements for dairy products and raw wool from South Africa to China. This significant development showcases the commitment of both nations to strengthen their economic ties and promote bilateral trade. By fostering a conducive environment for business communities to engage in two-way investments, China and…

Russia-India Trade Booms: How Sberbank Navigates Sanctions to Foster Economic Growth By Elena Fabrichnaya and Gleb Bryanski Moscow (Multibagger) – Russia’s largest lender, Sberbank, is successfully facilitating booming trade with India, overcoming the hurdles that have affected transactions with other nations. According to Anatoly Popov, Deputy CEO of Sberbank, bilateral payments between Russia and India are proceeding seamlessly, ensuring robust economic ties. Key Highlights Trade Growth: In 2023, trade between Russia and India nearly doubled to $65 billion. India has emerged as a major importer of Russian oil following Western sanctions imposed in 2022 due to the Ukraine conflict. Operational…

By Vivian Sequera and Mayela Armas The attorney general’s office in Venezuela announced on Monday that a court has issued an arrest warrant for opposition leader Edmundo Gonzalez, accusing him of incitement and other crimes in the midst of a dispute over the results of a July election between him and President Nicolas Maduro. Attorney General Tarek Saab shared a photo of the warrant with Multibagger via the messaging app Telegram. If the arrest warrant against Gonzalez is executed, it would mark a significant escalation in the government’s crackdown on the opposition following the contentious election. While Venezuela’s national electoral…

AT&T Faces Major Setback as CWA Union Pulls Out of Mediation: What This Means for Investors (Multibagger) – In a significant development, the Communications Workers of America (CWA) has announced its withdrawal from mediation talks with AT&T (NYSE: T) and the Federal Mediation and Conciliation Service. The union accuses the telecom giant of exploiting the mediation process to delay negotiations. CWA’s Bold Move: A Strategic Shift According to CWA District 3 Vice President Richard Honeycutt, "The company was using the mediation process as another delaying tactic." This statement underscores the union’s frustration and its decision to escalate the situation by…