Author: Multibagger News

Israeli Airstrikes on Yemen’s Hodeidah Port May Constitute War Crimes: HRW Report In a recent report, Human Rights Watch (HRW) stated that Israeli airstrikes on Yemen’s Hodeidah port last month may have been indiscriminate or disproportionate, potentially amounting to war crimes. According to HRW, the attack targeted civilians and civilian objects, causing harm to at least six people and injuring 80 others. The Israeli government claimed that the airstrikes on July 20 were aimed at Houthi military targets near Hodeidah, including oil facilities and a power station. However, HRW found that the attack also hit more than two dozen oil…

Unwinding of the Yen-Funded Carry Trade: What Does it Mean for Investors? In a surprising shift, hedge funds and speculators have reversed their long-standing short yen position and are now net long of the currency for the first time in months. The latest data from the Commodity Futures Trading Commission reveal a net long position of over 23,000 contracts, signaling a bullish bet on the currency worth $2 billion. This turnaround comes after a series of events such as a hawkish Japanese rate hike, yen-buying intervention, and safe-haven demand during the U.S. stock market volatility spike earlier this month. Just…

Global Stocks Surge, Dollar Dips: What Investors Need to Know About Upcoming Fed Rate Cuts By Wayne Cole SYDNEY (Multibagger) – Asian stocks saw an upward trend and the dollar slid on Monday following a stellar week for global equities, driven by optimism that the U.S. economy will avoid a recession and that cooling inflation could herald a series of interest rate cuts. The anticipation of lower borrowing costs propelled gold past $2,500 an ounce for the first time, while the dollar dipped against the euro. The yen also surged, putting downward pressure on the Nikkei index. Over the weekend,…

Indian Junior Doctors Continue Protests Over Safety Concerns After Medic’s Rape and Murder By Subrata Nag Choudhury Indian junior doctors have been protesting for nearly a week following the rape and murder of a fellow medic, demanding a safer workplace and a swift criminal probe. The protests have disrupted hospital services across the country, with doctors refusing to see non-emergency patients. The 31-year-old medic was raped and murdered at a hospital in Kolkata, where she was a trainee. A police volunteer has been arrested and charged with the crime, sparking outrage and calls for justice. Women activists have highlighted the…

The Yuan Rises as Investors Bet on U.S. Rate Cuts – What Does This Mean for Your Finances? As the world’s best investment manager and financial market journalist, I am here to break down the latest news for you. The yuan has gained ground against other Asian currencies, signaling that investors believe U.S. rate cuts are on the horizon. This could potentially mark the end of the dollar’s strong rally. Despite facing challenges due to China’s economic slowdown, the yuan has managed to climb back to the middle of its trading range against the dollar. However, analysts are cautious about…

Seven & i Holdings Soars 22.7% After Receiving $38 Billion Takeover Offer from Alimentation Couche-Tard By Anton Bridge TOKYO (Multibagger) – Japanese Retail Giant Seven & i Holdings Evaluates Preliminary Buyout Proposal from Canadian Retail Titan Alimentation Couche-Tard Seven & i Holdings, the renowned operator of the global 7-Eleven convenience store chain, has confirmed the receipt of a preliminary takeover offer from Canada’s Alimentation Couche-Tard. This significant development has sent ripples through the financial markets, with shares of Seven & i Holdings skyrocketing by 22.7%, reaching their daily trading limit of 400 yen. This surge has propelled the company’s market…

By Steve Holland, Doina Chiacu and Nandita Bose The Democratic National Convention in Chicago has kicked off with a bang, drawing attention from investors and financial markets worldwide. Vice President Kamala Harris is at the forefront of the campaign against Republican Donald Trump, with President Joe Biden’s support turning the party’s fortunes around. Investors are closely watching as Biden, in a prime-time address, makes the case for electing Harris and defeating Trump. The convention is a key event for Democrats as they aim to project unity and rally support for their candidates. Harris, set to formally accept the nomination on…

By Rae Wee SINGAPORE – The U.S. dollar saw a broad decline on Monday, particularly against the yen, as investors speculated on a dovish tone in the upcoming Federal Reserve’s July policy meeting minutes and Chair Jerome Powell’s speech at Jackson Hole. The currency movements for the week will be heavily influenced by the release of the Fed’s minutes on Wednesday and Powell’s speech on Friday. Additionally, inflation data from Canada and Japan, alongside Purchasing Managers’ Index readings across the U.S., euro zone, and UK, will also play a role. The greenback fell over 0.8% against the yen, dropping to…

Lendlease Faces Significant Annual Loss Amid Strategic Overhaul: What It Means for Investors By Rishav Chatterjee (Multibagger) – Australia’s leading property developer, Lendlease, has reported a substantial annual loss, driven by strategic shifts and delays in critical project sales. The company is undergoing a significant transformation to streamline operations and bolster its financial standing. Key Highlights: Annual Loss: Lendlease reported a full-year loss after tax of A$1.50 billion ($1.00 billion), a sharp increase from the A$232 million loss recorded the previous year. Strategic Shift: The company is exiting its international construction business, aiming to release up to A$4.5 billion ($3.01…

Goldman Sachs Lowers Odds of U.S. Recession to 20% Amid Positive Economic Data – What Does This Mean for Your Investments? In a recent update, Goldman Sachs has revised the probability of the United States slipping into a recession within the next 12 months to 20% from 25% based on the latest jobless claims and retail sales reports. This news comes after the brokerage initially raised the odds of a recession to 15% earlier this month due to a spike in the unemployment rate in July. Chief U.S. economist Jan Hatzius stated that the data released since August 2nd shows…