Samsung Display Co., a leading South Korean electronics manufacturer, plans to invest $1.8 billion in a new OLED display factory in northern Vietnam this year. The facility, located in the Yen Phong industrial park, Bac Ninh province, will focus on producing OLED screens for automotive and tech equipment, according to…
International Consolidated Airline (LON: IAG) share price is firing on all cylinders this year as it continued to outperform most companies in the industry. It has risen in the past nine consecutive weeks, reaching a high of 209.7p, its highest point since May 2021. Also, the stock has jumped by…
S&P 500 has already rallied well over 20% this year but Brian Belski, the chief investment strategist of BMO Capital Markets, sees further gains in the months ahead. The benchmark index could climb further and hit the 6,100 level before year-end now that the US Federal Reserve has announced its…
Britain’s national debt has recently hit a critical threshold, reaching 100% of GDP for the first time in more than six decades. As the country faces mounting financial pressures, Chancellor Rachel Reeves is gearing up for her first Budget on October 30, where she must address a rapidly deteriorating economic…
German business activity contracted at its fastest pace in seven months, according to data released on Monday. The HCOB German flash composite Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 47.2 in September, down from 48.4 in August. This reading, below the 50-point threshold, indicates a significant contraction…
China’s steel sector is bracing for a wave of bankruptcies as the country’s economic turbulence continues to wreak havoc on the industry, according to Bloomberg Intelligence. The steel crisis is seen as a critical turning point, potentially driving the long-needed consolidation of this massive sector. A staggering three-quarters of Chinese…
Apollo Global Management, a prominent US asset management firm, is reportedly preparing to invest up to $5 billion in Intel, Bloomberg reported on Monday. The potential investment comes as Intel navigates a period of significant market decline, with its stock price dropping nearly 60% since the start of the year.…
Samsung Display Co., a leading South Korean electronics manufacturer, plans to invest $1.8 billion in a new OLED display factory in northern Vietnam this year. The facility, located in the Yen Phong industrial park, Bac Ninh province, will focus on producing OLED screens for automotive and tech equipment, according to…
German business activity contracted at its fastest pace in seven months, according to data released on Monday. The HCOB German flash composite Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 47.2 in September, down from 48.4 in August. This reading, below the 50-point threshold, indicates a significant contraction…
US Presidential hopeful Kamala Harris has finally broken her silence on cryptocurrencies and has vowed to promote investments in the sector and other emerging technologies. A report from Bloomberg, citing Harris’s speech at a September 22 fundraiser in Manhattan, said the Vice President aims to “cut needless bureaucracy” and focus…