Author: Investor Empires
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Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing
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Volvo Cars has begun shifting manufacturing of Chinese-made electric cars to Belgium, as the European Union prepares to impose tariffs on electric cars made in China, The Times reported. In addition to moving production of the Volvo EX30 and EX90 models to Belgium, the automaker may also move assembly of…
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Kenya to use World Bank loan to clear Sh65bn Eurobond
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Kenya will use part of the recently obtained Sh156.8 billion loan from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its first Eurobond maturing on June 24. The final sovereign bond payment for 2014 is expected to allay investor fears that contracted foreign exchange…
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Suzano eyes debt financing for potential International Paper deal
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Investing.com – Brazilian pulp and paper giant Suzano (BCBA:) is reportedly looking to raise up to $19 billion in debt to acquire International Paper (NYSE:), according to Bloomberg. Jefferies analysts expect a potential all-cash offer for the IP in the range of $54-57 per share, a figure consistent with previous…
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Tornado Cash TVL, token price surge despite market downturn
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Tornado Cash (TORN) price and Total Value Locked (TVL) rose while the broader cryptocurrency market was consolidating in a bearish mood. TORN has risen by 11.8% in the last 24 hours and is trading at $3.36 at the time of writing. The market capitalization of the asset crossed the $17…
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Labour to Tackle Private Equity Tax Loophole in Election Manifesto
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Labor is set to announce measures to close a major tax loophole that currently allows thousands of private equity investors to avoid paying income tax. The initiative will be a key feature of the party’s general election manifesto, which is expected to be unveiled this week. Currently, gains from private…
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Premium Forex Watch Recaps: June 4 – 6, 2024
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With two major central bank statements released this week, it was easy for forex strategists to focus on the Canadian dollar and the euro this week as the key markets to watch. Among the four scenario/price forecast discussions, The two arguably saw both financial and technical arguments raised To become…
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Juan Tacuri Pleads Guilty in $8.4 Million Forcount Crypto Ponzi Scheme
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Juan Tacurri, 46, of Greenacres, Florida, a top promoter of the Forcount cryptocurrency Ponzi scheme, pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme, which netted $8.4 million from primarily Spanish-speaking investors, has been described as one of the most shocking scams…
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‘Bad Boys: Ride or Die’ boosts Will Smith’s comeback and the box office with $56 million opening
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Breadcrumb links BMN Business Article writer: Associated Press Jake Coyle Published on June 9, 2024 • Last updated 2 hours ago • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content NEW YORK (AP) — The…
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EU politics – French President Macron has called a snap election. EUR/USD a touch lower.
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On Sunday, French President Emmanuel Macron called for early elections. His decision came after the far-right National Rally party led by Marine Le Pen achieved very strong results in the European elections held in Sydney. Le Pen achieved the largest gains in the European Parliament elections The Greens and Liberals…
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Major Crypto Investor And Analyst Reveals Why Shiba Inu Is Destined To Make It
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Shiba Inu It has grown over the years to become one of the largest meme coins amidst many tokens competing in the meme coin space. Despite what many would call its OG status, the Shiba Inu is still vulnerable to many critics who believe the cryptocurrency may lose most of…
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Psagot signs MoU to buy military robot co Roboteam
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Psagot Finance and Investment Group (TASE: GPST), controlled by Rani Zim, announced the signing of a memorandum of understanding to purchase all shares of the unmanned ground vehicle company. Robot teamWhich develops and manufactures robots for military and security tasks. Under the memorandum of understanding, all of Roboteam’s shares will…
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HRF Grants 10 BTC To Worldwide Projects Advancing Bitcoin
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today is Human Rights Foundation (HRF) announced its latest tour Bitcoin Development Fund grants in Oslo Freedom Forumaccording to a press release sent to Bitcoin Magazine. The 10 bitcoins, currently worth $704,740 at the time of writing, are being given away across 13 different projects around the world. The funds…
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Israel centrist minister Gantz quits Netanyahu government By Reuters
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By Death Lobel JERUSALEM (Reuters) – Israeli Minister Benny Gantz announced his resignation from Prime Minister Benjamin Netanyahu’s emergency government on Sunday, withdrawing the only centrist force from the far-right coalition led by the embattled leader amid a months-long war in Gaza. Netanyahu issued a brief statement in which he…
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Litecoin Sees Massive 75% Surge In Major Metric
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Active headlines daily on Litecoin blockchain The pair saw a sharp rise despite days of uninteresting price action. The surge in active Litecoin addresses and public interest suggests that a price rise could be on the horizon. Litecoin price action was generally left behind Last month, the cryptocurrency was struggling…
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What’s next for the stock and other AI plays
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Nvidia (NVDA) joins its Big Tech peers, becoming the fourth Magnificent 7 stock to split since 2022. The chip giant’s 10-for-1 stock split, which will begin trading on Monday, comes after significant price growth, with shares up 212% in the past year. This massive rise propelled Nvidia into the $3…
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Over half of Aramco share sale allocated to foreign investors
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Written by Maha Al-Dahan DUBAI (Reuters) – Saudi Arabia has floated more than half of the $11.2 billion Aramco share sale (Tadawul) with foreign investors, two sources familiar with the matter told Reuters on Saturday. Saudi Arabia is seeking to attract international investment by pumping tens of billions of dollars…
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Over half of Aramco share sale allocated to foreign investors
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Written by Maha Al-Dahan DUBAI (Reuters) – Saudi Arabia has floated more than half of the $11.2 billion Aramco share sale (Tadawul) with foreign investors, two sources familiar with the matter told Reuters on Saturday. Saudi Arabia is seeking to attract international investment by pumping tens of billions of dollars…
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Hyperscalers And AI Firms Eyeing Bitcoin Mining Companies With Lucrative Power Deals: JP Morgan
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The world of Bitcoin mining is undergoing a major transformation, with industry giants such as JPMorgan Chase anticipating an increase in mergers and acquisitions (M&A) activity within the sector. According to a recent research report from the financial institution, Bitcoin miners with attractive energy contracts are emerging as potential acquisition…
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Norway wealth fund to vote against Musk’s $56 billion Tesla pay package By Reuters
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Written by Louise Rasmussen and Gwladys Foch OSLO (Reuters) – Norway’s $1.7 trillion sovereign wealth fund said on Saturday it would vote against ratifying Tesla Inc CEO Elon Musk’s $56 billion pay package, which will be put to a shareholder vote next week, after… A Delaware judge struck it down…