Reported 4 months ago
Turkey's inflation surged to 75.5% in May, surpassing expectations, marking what officials believe to be the height of a prolonged living cost crisis. With a planned decline in inflation rates to under 50% by the third quarter, the Turkish government anticipates the worst is over, partly due to measures taken to restrain loan growth and remove excess liquidity from the market. Analysts suggest further rate hikes may be needed to manage inflation dynamics amidst risks from tax updates and the Middle East situation.
Source: YAHOO
Reported 4 months ago
Thai entertainment platform GMM Music announced that Tencent and Tencent Music Entertainment will purchase a 10% stake for $70 million, supporting its spin-off plan. The deal involves a cash payment and a minority stake in music streaming app JOOX Thailand, valuing GMM Music at $700 million. The move follows GMM Grammy's approval to spin off the music unit and list it on the Stock Exchange of Thailand, allowing GMM Music to expand and innovate with the partnership aiming to enter new markets, particularly China.
Source: YAHOO
Reported 4 months ago
The Telegraph highlights the upcoming summer transfer window, showcasing 20 significant player movements anticipated. Notable potential transfers include Benjamin Sesko to Arsenal or Chelsea, Victor Osimhen from Napoli, Kylian Mbappe to Real Madrid, Mason Greenwood's potential move abroad, and interest in other talents like Nico Williams, Ivan Toney, and Josh Kimmich.
Source: YAHOO
Reported 4 months ago
Mexican assets, including the peso, experienced a significant decline after the ruling party won by a landslide in the preliminary election results, potentially leading to increased state control and undermining checks on power. The peso fell over 4%, stocks faced their largest decline since 2008, and swap rates rose. Investors are concerned about a potential supermajority for the ruling coalition, which could impact fiscal reforms and the economy. The outcome could lead to a negative impact on Mexico's financial sector and institutions, potentially weakening the peso.
Source: YAHOO
Reported 4 months ago
Scotland's Robert MacIntyre won his first PGA Tour title at the RBC Canadian Open with his father Dougie as his caddie. Despite a shaky start, MacIntyre finished on 16 under par to secure the victory, thanking his father for teaching him golf and expressing his disbelief at achieving this milestone with him on the bag. The win also earned MacIntyre a £1.33m prize, making it the biggest financial win by a Scottish golfer at a single event. MacIntyre's father returned to Scotland after his son's success, and the victory secured MacIntyre's spot in the upcoming US Open.
Source: YAHOO
Reported 4 months ago
Microsoft announced its intention to invest 3.2 billion dollars in expanding its cloud and artificial intelligence infrastructure in Sweden over two years to meet the increasing demand for cloud services. The company aims to deploy 20,000 advanced GPUs at its data center sites in Sweden and train 250,000 Swedes in AI skills over three years. This investment aligns with a broader sector trend as tech companies invest heavily in data centers to support generative AI programs.
Source: YAHOO
Reported 4 months ago
Qualcomm Inc.表示，建立在其新芯片上的筆記本電腦擁有者將能夠無需擔心電池耗盡而隨心所欲地使用計算機。此舉意味著Windows筆記本電腦將具有更高的效率和連接性，希望能在汽車和計算等新市場中贏得份額。該公司與微軟合作推出了搭載人工智慧功能的Copilot+電腦，以挑戰蘋果的MacBook Air，而聯想、戴爾和華碩等制造商也宣布將推出Snapdragon-powered Copilot+筆記本電腦。
Source: YAHOO
Reported 4 months ago
據知情人士透露，Blackstone Inc.正在考慮出售日本消費者保健公司Alinamin制藥公司，該公司曾被武田制藥公司擁有。Blackstone，作為全球最大的另類資產管理公司，正在與金融顧問合作，就東京Alinamin的潛在出售進行諮詢，涉及的基金包括CVC Capital Partners Plc、EQT AB和北亞私募股權公司MBK Partners等。其他可能的選擇包括該業務進行首次公開募股，Blackstone可能最終決定不進行交易。
Source: YAHOO
Reported 4 months ago
Saudi Aramco's top executives plan to conduct events in London and the US to generate interest in the oil giant's $12 billion share sale, five years after canceling an international roadshow for its initial public offering. CEO Amin Nasser and CFO Ziad Al Murshed are expected to attend these events, with institutional investors able to submit orders until June 6. The firm's offer quickly garnered interest, although it remains to be seen how much comes from overseas, after Aramco's 2019 IPO faced challenges with foreign investor participation.
Source: YAHOO
Reported 4 months ago
European natural gas prices reached their highest level in a year as a result of decreased flows from Norway, showcasing the risks of overreliance on a single major supplier. Norwegian outages at gas processing plants and entry points into the UK caused significant spikes in gas futures prices. The situation highlights Europe's vulnerability in energy supply dependence and the pivotal role played by Norway amidst supply challenges following Russia's pipeline cut-offs post the Ukraine conflict.
Source: YAHOO
Reported 4 months ago
In the criminal trial of British tech founder Mike Lynch in the US, his defense lawyers are seeking an acquittal as the case nears its end. Prosecutors allege that Lynch defrauded Hewlett-Packard in the $11 billion acquisition of his software company, Autonomy, in 2011. The defense portrays Lynch as a savvy entrepreneur, while the prosecution labels him a fraudster. The trial, featuring over 30 government witnesses, has highlighted allegations of financial padding and fraud schemes within Autonomy. Lynch, denying wrongdoing, testified that HP mishandled the integration of the two companies. The closing arguments are expected to end soon before the jury deliberates.
Source: YAHOO
Reported 4 months ago
Three young women in West Yorkshire have criticized the lack of support for polycystic ovary syndrome (PCOS), a painful and debilitating medical condition affecting up to one in 10 women in the UK. Despite struggling to get a diagnosis or effective treatment, women like Alex Offer, Laaraib Khan, and Jo Battiste faced dismissive attitudes from doctors, delays in diagnosis, and lack of support. The NHS encourages women concerned about their health to contact their GP, while organizations like Verity PCOS UK provide vital support and resources for those affected.
Source: YAHOO
Reported 4 months ago
Amidst market fluctuations and inflation concerns, France's CAC 40 Index experienced a decline, prompting a focus on growth companies with significant insider ownership in France for stability. A list of 10 notable companies includes VusionGroup, Groupe OKwind Société anonyme, WALLIX GROUP, La Française de l'Energie, Adocia, OSE Immunotherapeutics, Icape Holding, Arcure, Munic, and MedinCell. An analysis of three companies—Believe, MedinCell, and VusionGroup—showcases their operations, earnings growth, insider ownership, and potential for profitability and growth in the volatile market. Investors can explore comprehensive reports on these companies and others on Euronext Paris to inform their investment strategies.
Source: YAHOO
Reported 4 months ago
The number of ADHD diagnoses among American children has notably increased from 2016 to 2022 due to better understanding of the condition, improved mental health screenings, and effects of the Covid-19 pandemic. In 2022, 7.1 million children and adolescents were diagnosed with ADHD, a million more than in 2016, with 58.1% having moderate to severe cases and 77.9% facing co-occurring disorders. There has been a decrease in medical treatment received, attributed to shortages of Adderall and disparities in access to treatment. Better awareness and less stigma around mental health have led to more accurate diagnoses, particularly recognizing differences in symptom presentation between boys and girls. Proper treatment is crucial as ADHD can lead to various health risks, but the data can guide policies for children's needs.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Episode 2 of K-drama Dreaming of a Freaking Fairytale reveals that Shin Jae-Rim (played by Pyo Ye-Jin) initially faces rejection for a job at a social club owned by Moon Cha-Min (Lee Jun-Young) due to misunderstandings. However, after a twist of events, Moon Cha-Min hires her but later questions that decision after learning about her Cinderella-like romantic desires, leading to a drinking game challenge. The episode also introduces Ban Dan-A as Cha-Min's fiancée, adding to the drama. Viewers can catch the full episode on TVING.
Source: YAHOO
Reported 4 months ago
Qatar Airways is in discussions with Airbus and Boeing for a large wide-body aircraft order, as confirmed by CEO Badr Mohammed Al Meer. The airline is considering purchasing around 200 aircraft from the two manufacturers, although Al Meer mentioned that the reported number is off by around 30%. Talks are focused on ordering A350 and Boeing 777X wide-body jets, following a report from Bloomberg News. However, the CEO did not reveal whether the actual order quantity is higher or lower than the speculated figure.
Source: YAHOO
Reported 4 months ago
As crude oil prices decrease, so do the prices of diesel and jet fuel, resulting in cheaper gasoline at the pump for drivers across the U.S. with the national average dropping to $3.536 a gallon. The surplus of jet fuel and diesel in global markets, driven by reduced driving due to scorching temperatures in places like the Middle East and South Asia, is contributing to the decreasing prices. Despite OPEC+ nations limiting exports and hotter summer weather, U.S. drivers can expect prices to continue falling, potentially leading to more oil mergers and exerting pressure on energy shares like XLE, Chevron (COP), and ConocoPhillips (COP). However, gasoline prices are forecasted to rise again in August and September during the peak of the summer driving season in Europe and North America.
Source: YAHOO
Reported 4 months ago
Atos已设定明天（6月5日）的截止日期，以选择两个修订后的重组提议，这将使其现有股东几乎化为乌有并大规模削减债务负担。这两个竞争对手提议分别由捷克亿万富翁Daniel Kretinsky和Atos主要投资者David Layani领导，与Atos设定的条件“大体一致”。这将包括减少Atos的48亿欧元（约52.1亿美元）债务和获得新融资。这个6月5日的新截止日期有效延长了Kretinsky和Layani之间的角逐，这两者在强化公司财务方面已经提出了大不相同的策略。
Source: YAHOO
Reported 4 months ago
Global airlines, as projected by the International Air Transport Association (IATA), have increased their profit forecast for 2024 to $30.5 billion, close to a $1 trillion industry-wide revenue, due to a surge in air travel. Despite disruptions to global supply chains, such as fleet deliveries, the industry is bouncing back after a $140 billion loss in 2020. Passenger yields are on the rise, while cargo activity is expected to return to normal levels after booming during the pandemic.
Source: YAHOO
Reported 4 months ago
南非選後政治動盪導致金融市場投資者陷入不確定性，南非國民黨未能取得過半議席，需與其他黨派組成聯盟以保持政權，對公民、企業和投資者皆有重大影響。各黨作出開放協商表態，但過程不易，可能出現幾天前幫告成交的情況。各主要黨派計劃與對手合作，尋求政府運作方式，包括可能委任黨外人士為財政部長。
Source: YAHOO
Reported 4 months ago
This weekend in MLB showcased standout performances from Aaron Judge and Juan Soto as the Yankees swept the Giants, the Brewers swept the struggling White Sox to extend their NL Central lead, the Orioles face pitching challenges after losing key arms, and the Mariners struggle offensively despite strong pitching. Notably, the Tigers sent No. 1 draft pick Spencer Torkelson to Triple-A as they aim to revamp their lineup. Overall, the weekend brought various significant developments across different MLB teams.
Source: YAHOO
Reported 4 months ago
GameStop's memecoin on Solana surged over 300% to a market cap of $105 million after Keith Gill, known as 'Roaring Kitty,' disclosed holding $181.4 million in GameStop stock and call options. Gill's announcement led to a 19% overnight surge in GameStop (GME) stock on Robinhood, reaching $27.58. Additionally, his recent reappearance on forums like X has sparked speculation and interest in GameStop, with the memecoin rising 2850% in the past month following Gill's return and investment details.
Source: YAHOO
Reported 4 months ago
As exit polls indicate a strong victory for Prime Minister Narendra Modi's ruling party in India, state-run companies and infrastructure-related firms experienced significant gains in the stock market. Referred to as 'Modi Stocks,' these firms surged 6.2%, with predictions of policy continuity benefiting various sectors. Citigroup and Jefferies highlighted manufacturing and electric vehicles as potential beneficiaries, while the focus remains on the government's finances and upcoming budget plans. Notable performers included the Nifty Infrastructure index, state-owned companies like Power Finance Corp. Ltd., and businesses aligned with Modi's infrastructure initiatives, such as the Adani Group. The renewable energy sector, a focus of Modi's second term, also saw substantial gains.
Source: YAHOO