Author: Multibagger News

UBS Downgrades NEXON Co., Ltd Stock Amid Performance Concerns UBS downgraded NEXON Co., Ltd (3659:JP) (OTC: NEXOF) stock from Buy to Neutral and lowered the price target to JPY3,090 from JPY3,260. The firm anticipates a decline in the company’s performance on both a quarter-over-quarter and year-over-year basis in the upcoming quarters, potentially impacting the share price. Analyst Notes Potential for NEXON to Exceed Expectations The UBS analyst highlighted that while there is still potential for NEXON’s performance to surpass market consensus and company guidance, the overall outlook suggests a weakening trend. Compared to other large-cap companies like Nintendo, Capcom, and…

Investing.com– Bitcoin price rose on Thursday, tracking a broader increase in risk-driven markets amid growing bets on a September interest rate cut, although speculation over more token distributions by Mt Gox limited overall gains. Risk appetite was also tempered by data showing a sharp downward revision in U.S. labor data, which ramped up concerns over a potential recession. Bitcoin rose 2.4% to 60,751.8 by 00:50 ET (04:50 GMT). The token drifted in a tight trading range for most of this week, and struggled to remain above $60,000. Mt Gox seen mobilizing tokens this week Wallets associated with defunct crypto exchange…

"Trump’s Potential Return Spurs Surge in European Defense-Tech Investments Amid Global Tensions" By Martin Coulter LONDON (Multibagger) – The potential re-election of Donald Trump has acted as a catalyst, driving a wave of investments into defense-technology startups across Europe, according to insights from eight leading industry executives and investors. Trump, the Republican presidential contender, has repeatedly threatened to withdraw the U.S. from NATO and has stated he would not defend allies unless they increased their defense budgets. This rhetoric has put him in a tight race with Vice President Kamala Harris for the upcoming November 5th election. His unpredictable stance,…

By Sudip Kar-Gupta France’s economy saw a surge in business activity in August, driven by the Olympic Games. While the services sector hit a 27-month high, manufacturing continued to struggle. The HCOB flash purchasing managers index for France’s services sector reached 55.0 in August, exceeding expectations and indicating expansion. The country’s statistics office expects a 0.3 percentage point boost from the Olympics, which ended recently. The composite PMI for August, combining services and manufacturing, rose to 52.7, a 17-month high. However, experts warn that the boost from the Olympics may be short-lived, with employment, output expectations, and backlogs of work…

Breaking News: U.S. Officials Meet with Dalai Lama, China Strongly Opposes Visit In a recent development, senior officials from the U.S. State Department and the White House met with the Dalai Lama in New York, reaffirming the U.S. commitment to advancing the human rights of Tibetans. However, this move has sparked strong opposition from China, with a spokesperson for the Chinese foreign ministry stating that China firmly opposes any country allowing the Dalai Lama to make visits under any pretext. “China has made solemn protests with the U.S.,” said foreign ministry spokesperson Mao Ning at a regular press briefing. This…

Sydney, Australia, August 22nd, 2024: STEPN GO and CASIO COMPUTER CO., LTD. Collaborate to Launch Limited Edition Co-Branded NFT Sneakers In an unprecedented move, STEPN GO and CASIO COMPUTER CO., LTD. have joined forces to introduce a groundbreaking collection of co-branded NFT Sneakers. This collaboration, part of the “VIRTUAL G-SHOCK” project, will offer a select number of 800 exclusive NFT Sneakers through a Raffle Mint event on the popular NFT marketplace “MOOAR” from August 26 to August 29. This partnership marks a significant milestone for STEPN GO, as it paves the way for the mass adoption of Web3 through innovative…

Cleanaway Waste Management (CWY:AU) Shares Receive Positive Outlook from RBC Capital with Increased Price Target – What Does This Mean for Investors? RBC Capital recently adjusted its outlook on Cleanaway Waste Management shares, increasing the price target to AUD3.40 from AUD3.20 and maintaining an Outperform rating. This adjustment comes after Cleanaway’s fiscal year 2024 financial results exceeded expectations, showing a 19% rise in EBIT to $359 million. The company also announced a final dividend of 2.55 cents per share, in line with forecasts, and provided EBIT guidance for fiscal year 2025 between $395 million and $425 million. Cleanaway reiterated its…

Why Malaysia is Emerging as the Top Investment Destination in Southeast Asia – A Comprehensive Analysis By Ankur Banerjee SINGAPORE (Multibagger) – Malaysia is rapidly transforming into a sought-after haven in Southeast Asia for foreign investors. This shift is driven by a unique combination of robust economic growth, a stable government, and a strengthening currency, setting it apart from regional peers struggling with political instability. Unprecedented Inflows into Malaysian Markets Foreign investors have been consistently increasing their stakes in Malaysian debt and equities throughout the year. In July alone, amidst political turmoil in Thailand and Indonesia, foreign investment in Malaysian…

By Martin Coulter According to industry insiders, Donald Trump’s possible return to the White House has sparked a wave of investment in defence-technology startups across Europe. This comes as the Republican candidate has threatened to withdraw the U.S. from NATO and has made statements about not defending allies who do not increase their defence budgets. With the upcoming election on Nov. 5, Trump’s unpredictability, coupled with global conflicts in Ukraine and the Middle East, has led to record-high global military spending of $2.4 trillion in 2023, as reported by the Stockholm International Peace Research Institute (SIPRI). The NATO Innovation Fund…

By Kate Lamb and Ananda Teresia The world’s third-largest democracy, Indonesia, is facing a political turmoil as parliament delays ratifying changes to an elections law that would strengthen the political influence of outgoing President Joko Widodo. The controversial legislation has sparked protests in multiple cities, leading to concerns about the country’s democratic future. The proposed changes, which were set to reverse a ruling by the constitutional court, have raised questions about the balance of power between the executive, legislative, and judicial branches of government. The power struggle between the parliament and the judiciary has been described as a potential constitutional…