Reported about 1 month ago
Adani Group's Ambuja Cements has finalized a deal to acquire Orient Cement for 81 billion rupees ($963 million), further intensifying its competition with UltraTech Cement, led by Kumar Mangalam Birla. The acquisition includes a 46.8% stake from current shareholders and has plans for an open offer of an additional 26%. This move aims to enhance Adani's cement production capacity, crucial for India's escalating infrastructure investment, which is expected to reach 15 trillion rupees by March 2026.
Source: YAHOO
Reported about 1 month ago
A Bloomberg analysis reveals that yen selling intensifies during US trading hours, driven by the dollar's strength as traders react to US Treasury sales and Federal Reserve officials' cautious stance on interest rate cuts. Current speculations suggest the yen may drop further towards its 200-day moving average of 151.36, with potential rises towards 155 if resistance levels are breached. The dollar-yen exchange rate has fluctuated significantly in response to US economic data and Fed comments, and recent developments have pushed the yen to its weakest level since July.
Source: YAHOO
Reported about 1 month ago
Goldman Sachs warns that the euro could depreciate by as much as 10% if Donald Trump wins the upcoming U.S. presidential election and implements his proposed tariffs and tax cuts. This scenario could lead to a significant rise in the dollar's value, influenced by potential increases in tariffs and domestic tax reductions, creating a boost in inflation and higher interest rates in the U.S. The analysis comes as Trump competes closely with Democratic Vice President Kamala Harris.
Source: YAHOO
Reported about 1 month ago
The U.S. Consumer Financial Protection Bureau has announced new open banking rules aimed at enhancing consumer control over financial data and fostering competition among financial service providers. These long-awaited regulations will enable consumers to easily transfer their data between banks, borrow on better terms, and revoke access to their data at any time. The rules also include strong privacy protections to ensure that consumer data is not misused.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Broadcom, currently valued at $840 billion, is projected to join tech giants like Nvidia and Apple in the $1 trillion club by 2025. Driven by surging demand for its AI data center hardware, Broadcom's revenue is expected to grow significantly, particularly in its AI segment. With a strong track record of innovation and acquisitions, the company is well-positioned to achieve this milestone, with Wall Street forecasting a 17.5% revenue increase for fiscal 2025.
Source: YAHOO
Reported about 1 month ago
Nvidia is preparing to announce its investment plans in Thailand during CEO Jensen Huang's visit to Bangkok in December, according to Thailand's Commerce Minister Pichai Naripthaphan. However, details regarding the investment amounts have not been disclosed.
Source: YAHOO
Reported about 1 month ago
Thailand's finance minister announced that while growth may not reach 3% in 2024 due to current economic conditions, it is projected to exceed this threshold in 2025 as the government steps up its investment efforts. Despite a growth rate of just 1.9% last year, the economy remains resilient with public debt manageable. Additionally, recent interest rate cuts are anticipated to enhance investment opportunities.
Source: YAHOO
Reported about 1 month ago
This article highlights three excellent ultra-high-yield dividend stocks that yield over 10% and are considered strong buys at the moment. Annaly Capital Management leads with a 12.8% yield, benefitting from easing rates, while PennantPark Floating Rate Capital offers a solid 10.4% yield through debt investments in middle-market companies. Alliance Resource Partners, with an 11.2% yield, capitalizes on strong coal prices and operational stability. Each company provides unique advantages, making them attractive options for income-seeking investors.
Source: YAHOO
Reported about 1 month ago
As the S&P 500 has surged over 23% this year, some investors are focusing on the five most shorted stocks within the index. Among these, Super Micro Computer, Day Force, International Paper, Walgreens Boots Alliance, and Aptiv have considerable short positions, often due to concerns over valuations and competition. However, Aptiv stands out as a potential buy despite bearish sentiment, bolstered by government stimulus in China and a recent substantial share repurchase program, indicating confidence from management.
Source: YAHOO
Reported about 1 month ago
Paytm's shares dropped sharply after the fintech company's revenue declined by 34% for the second consecutive quarter, reaching 16.6 billion rupees ($197 million). Despite achieving its first-ever net income due to a one-time gain from selling its ticketing business, the company faces ongoing challenges, including regulatory pressures that have disrupted its banking operations and fierce competition in the digital payments space. As Paytm works on stabilizing its business and expanding its services, it must regain user trust and navigate a stringent regulatory environment.
Source: YAHOO
Reported about 1 month ago
Citigroup strategists report that S&P 500 exposure has reached levels similar to those prior to a 10% decline observed last year. Despite investor optimism regarding interest rate cuts, the current positioning raises risks as long futures positions hit high levels not seen since mid-2023. While investors are encouraged by a resilient economic outlook, the prolonged extension may increase vulnerability in the market.
Source: YAHOO
Reported about 1 month ago
French investment firm Wendel is set to acquire a 75% stake in private lender Monroe Capital for $1.13 billion, with plans to invest an additional $1 billion to fuel growth. This acquisition aims to enhance Wendel's presence in the dynamic US private credit market, reflecting its new strategic direction focused on asset management. The deal, expected to close in the first half of next year, marks a significant milestone for Wendel as it seeks to expand its operations into Europe.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
As former President Trump's proposed blanket tariffs raise concerns about their implications, questions arise regarding which businesses may find ways to evade these duties. Trump hints that larger companies, like Apple, may have more options for exceptions, while smaller businesses may struggle to gain similar access. Experts emphasize that these exceptions may rely more on political connections than merit, leaving small businesses at a disadvantage. The upcoming election could see businesses preemptively preparing for various tariff outcomes.
Source: YAHOO
Reported about 1 month ago
A.P. Moller-Maersk A/S has raised its full-year profit guidance for the fourth time in under six months, attributed to increased demand and freight rates driven by supply chain disruptions from recent Red Sea attacks. The company anticipates underlying EBITDA of $11 to $11.5 billion, which exceeds previous estimates. Although Maersk's short-term prospects face challenges such as potential overcapacity in 2025-26, it remains a significant player in the global shipping market.
Source: YAHOO
Reported about 1 month ago
Gold prices surged to a record $2,748.36 an ounce amidst rising haven demand fueled by geopolitical tensions related to the Middle East and the uncertainty surrounding the upcoming US presidential election. The bullish market sentiment has attracted traders and increased net-long positions among money managers, with analysts projecting further price rises amid expectations of economic challenges.
Source: YAHOO
Reported about 1 month ago
According to a Reuters poll, South Korea's economy is likely to have returned to growth in the third quarter of 2024 after a mild contraction in the previous quarter. The expected growth rate is projected at 0.5% quarter-on-quarter and 2.0% year-on-year, spurred by robust exports, particularly in semiconductors. However, high borrowing costs are squeezing domestic demand, impacting overall consumption and leading economists to predict modest economic expansion amid ongoing challenges.
Source: YAHOO
Reported about 1 month ago
The recent IPO of Tokyo Metro Co., which raised ¥348.6 billion ($2.3 billion) after overwhelming interest from investors, is seen as a promising indicator for the Japanese stock market. With over 15 times the demand for shares, the listing highlights Tokyo's efficient subway system's appeal, demonstrating relatively stable financials and a lucrative dividend yield. This significant debut precedes a key upcoming election, emphasizing the growing appetite for Japanese stocks among domestic and foreign investors alike.
Source: YAHOO
Reported about 1 month ago
China's youth unemployment rate decreased to 17.6% in September from 18.8% in August, providing some relief after reaching new highs for two consecutive months. The rise in unemployment among young people was attributed to the influx of approximately 12 million graduates entering the job market. Even with this decline, hiring remains slow among factories, as indicated by a separate confidence survey.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Australia's wine exports increased by 34% to A$2.4 billion, the highest value since August 2021, as shipments to China rose after the removal of punitive tariffs. Exports to mainland China saw a significant jump in value, exceeding A$600 million, while overall exports stabilized at A$1.78 billion to other markets. Experts emphasize the need for market diversification despite the growth in exports.
Source: YAHOO