Exclusive-Intel Weighs Boost To Investment In Vietnam Chip Packaging Plant -Sources
Intel Corp is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and packaging plant in the Southeast Asian nation, two sources familiar with the matter told Reuters. The possible move, which one source said could be...
Germany Leads Big Bond Rally As Inflation Finally Heads Down
Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down...
Hajj and Eid al-Adha 2024
Dates and Significance
This year, based on moon sighting, Hajj will start on June 14, and Eid al-Adha will be celebrated on June 16. Hajj, one of the largest annual Muslim gatherings, takes place in Mecca from the 8th to the 10th of Dhul-Hijjah, the...
The Fate of Abundance Advancements Investigated: third Yearly Center East Abundance Tech Gathering and Grants 2023
The Fate of Abundance Advancements Investigated: third Yearly Center East Wealth Tech Gathering and Grants 2023 Abundance advancements allude to the utilization of imaginative innovations, for example, computerized reasoning and large information to give an option in contrast to customary abundance the executives firms....
Russia’s War On Ukraine Latest: Ukraine Retakes Land Around Bathmat
Moscow acknowledged on Friday that its forces had fallen back north of Ukraine’s battlefield city of Bakhmut after a new offensive, in a retreat that the head of Russia’s Wagner private army called a rout.
CONFLICT
Russian-installed officials on Friday said missiles fired by Ukrainian forces...
Asian Stocks Dip, Chinese Shares Hit 5-Mth Low As U.S. Ties Worsen
Most Asian stocks retreated on Tuesday as optimism over a deal to raise the U.S. debt ceiling was offset by fears of worsening ties between Beijing and Washington, amid renewed sparring between the two over trade and political sanctions. Chinese stocks were the worst...
Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists
Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising interest rates and anticipation of key U.S. economic readings this week kept traders largely on the sidelines. The yellow metal marked four...
Raiffeisen Slumps After Confirming OFAC Request For Information On Russia Business
Shares in Raiffeisen Bank International (VIE:RBIV) slumped in early trade in Vienna on Monday, hurt by a report that it may be in trouble with U.S. authorities over its operations in Russia. The Austrian bank confirmed on Friday that the U.S. Office of Foreign...
Gold Edges Lower, Copper Slides On Disappointing Chinese Data
Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China. Copper futures sank 0.7% to $3.6338 a pound, and...
Inflation Could Make Or Break Rebounding 60/40 Portfolio
An investing strategy designed to hedge against market declines is rebounding after a rough year, but its success may hinge on whether inflation continues to ebb in coming months. So-called 60/40 portfolios typically allocate 60% of their assets to stocks and the rest to...