US TREASURY REQUEST
US asks Iraq to shut most Iran border crossings, Iraqi foreign minister says
The US Treasury has requested Iraq to close most border crossings with Iran for increased economic pressure. Iraqi Foreign Minister Fuad Hussein mentioned the challenges of implementing these closures due to economic concerns. Currently, Iraq is negotiating with the US regarding the border situation. Recently, Iraq closed the Sheeb border crossing for security and anti-smuggling measures. The discussions reflect ongoing tensions between the US and Iran affecting Iraq's border policies.
Apple seeks about $7 billion from bond sale, Bloomberg News reports
Apple is seeking about $7 billion from a US-dollar bond offering, Bloomberg News reported on Thursday, citing people familiar with the matter. The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund AI expansion.
Apple seeks about $7 billion from bond sale: Bloomberg News
The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund AI expansion. Apple did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
SK Hynix's New York chip plans hit snag over US restrictions on China, sources say
SK Hynix is seeking US export licenses to equip its Dalian plant, arguing that increased production there would help fund its planned US expansion. But the Commerce Department has yet to approve the new licenses, the people said. Its Solidigm unit plans to invest about $45 billion and build two NAND plants in Marcy, New York, two people said, with investment potentially reaching about $100 billion over time. NAND is memory that retains data even when power is turned off and is used for storage in data centers.
These 11 private and public banking stocks have an upside of up to 33% in 1 year, according to analysts
It is too early to read a lot into the divergence seen in the stock price movements of private and PSU banks on Tuesday. Neither can it be said with any certainty that it had anything to do with FII buying. Against this background, remember: For any investor interested in the banking sector, the price movements should matter less than what the overall Q2 performance of both private and PSU banks reveals.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.
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Binance sees outflows stabilising as exchange returns online after $6.3 billion heist
Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw $6.3 billion stolen from the platform last week.
Binance sees net outflows of $3.64 billion after resumption of withdrawals
On November 1, Binance reported net outflows of around $3.64 billion as withdrawals resumed after a pause. During this period, withdrawal volumes reached over $4.64 billion while deposits amounted to $1.01 billion. The exchange stated that the percentage of outflows represented 2.1% of its total assets. Despite the large outflows, Binance highlighted that deposit volumes remained substantial and withdrawal volumes began to stabilize.
Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds
Binance has announced the resumption of cryptocurrency withdrawals after recovering a significant portion of stolen assets. The exchange has identified a North Korean unit behind the theft and is actively working to recover remaining tokens. Law enforcement agencies are tracking the laundering of stolen assets into cryptocurrencies. Binance has committed to covering the financial losses incurred due to the hack.
5 stocks with consistent score improvement and upside potential of up to 34% in 1 year, according to analysts
The recent uptick in the indices should not fool you. The market’s troubles have not gone away. So, be cautious, but don’t treat the whole market as one block. Some parts are worse off, some are holding up better, and some are simply carrying on as before. A falling market tends to paint them all with the same brush.
Who sent $2 bn military equipment to Iran past US blockade? More than 5,000 agencies
Iran has developed a clandestine network involving over 5,000 agencies to import military equipment and evade sanctions. This network functions despite ongoing US naval blockades and sanctions since the war began. Extensive investigations reveal significant transactions and military logistics supporting their activities. The secretive agencies have been linked to the Islamic Revolutionary Guard Corps and elite controlled businesses.
These 7 private and public banking stocks have an upside of up to 27% in one year, according to analysts
If interest rates stay high, and there are signs of a slowdown, banks that depend on retail deposits are the ones to watch carefully. That is where the strain of a slowing economy and the high cost of money are likely to show up first. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components, earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Trump administration student debt collection: Five ways borrowers can protect their paychecks from federal garnishment
Millions of Americans struggling with student loan debt may soon face renewed collection efforts from federal agencies. The Education Department is reportedly preparing to restart collection activities, potentially involving private debt collectors. Borrowers in default still have options to challenge collections, seek relief, or restore their loans to good standing. Possible approaches include hardship hearings, bankruptcy, and rehabilitation programs.
5 stocks with consistent score improvement and upside potential of up to 30% in 1 year, according to analysts
When the profit a company is expected to earn gets marked down, the price the market will pay for its stock has to come down too. That has not quite happened, which is why valuations are still high in many parts of the market. So, don’t assume all the damage is already done just because the market has had a few bad days.
How five Boeing 777s linked Madagascar's power elite to Iran
Mamy Ravatomanga, a former influential entrepreneur in Madagascar, is under scrutiny due to serious corruption charges surfacing during his trial. He faces allegations of money laundering and influence peddling tied to the irregular registration of Boeing 777 aircraft, suspected to be misregistered for transit to Iran. His lawyers challenge the accusations, pointing to discrepancies in witness statements, drawing global interest and involving agencies like the FBI.
Iran caps dollar purchases at $1,000 per day amid sanctions-hit economy
Iran has introduced new rules for buying US dollars through banks and exchange offices as sanctions strain its financial system. Under the guidelines, individuals can purchase up to $10,000 in total, subject to a daily limit of $1,000.
These 7 banking stocks have an upside potential of up to 28% in 1 year, according to analysts
If FPI selling returns to the levels seen in April and May, financial sector stocks are the ones likely to be hit the most. This would be irrespective of how the fundamentals are for the industry. The reason is simple: Higher ownership by institutional investors, especially FPIs. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components, earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up 32%, according to analysts
History tells us that there is no way you can time the markets or predict its movement. But one thing can certainly be said: If the macro matrix, which at this point of time is being determined by oil prices globally, stays disturbed, the bears will rule the street for some more time.
Iran ships some LPG, jet fuel despite US blockade, data shows
Iran has managed to export limited liquefied petroleum gas and jet fuel despite ongoing US naval blockades. The Iranian methodology involves concealing cargoes among shipments from other Gulf producers off Oman, making it challenging to monitor. Shipping data indicates that a limited number of gas tankers have left the Gulf of Oman since mid-July. The US military maintains that its blockade is effective, consistently monitoring vessel activities.
US considers removing sanctions on some shadow fleet vessels to cut freight rates, official says
Discussions are ongoing regarding potential sanctions relief on shadow fleet vessels transporting legal oil and products. Companies would need to apply to the US Treasury for approval to buy these vessels. Although sanctions may be eased, freight rates are not expected to drop significantly. High tanker freight rates remain a concern for the administration amid inflation and supply issues.
Strong majority of voters believes Trump is failing at home and abroad: AP-NORC poll
Federal authorities are investigating suspicious mailings received by congressional and election offices across the country. With Election Day approaching, the mailings are deemed potentially hazardous by law enforcement. In time, US President Trump plans to host rallies in support of Republican candidates in Iowa. Candidates are also navigating fundraising challenges as the midterm elections draw near. The political landscape appears increasingly competitive with various races across states tight.
Market selloff, rising rates test AI data centre deal boom
A market selloff is forcing companies driving the global AI boom to delay fundraising plans or pay more for capital as investors demand proof they can absorb rising interest rates and computing-power costs.
Trump's shadow fleet loophole: Easing US sanctions on oil tankers may not lower fuel costs
In an effort to address soaring shipping costs, the Trump administration is evaluating the possibility of easing restrictions on sanctioned vessels. These limitations have heavily influenced rising tanker freight rates, affecting the dynamics of global oil markets. The proposed changes aim to clarify the vessels eligible for transporting legally traded crude and refined products, though challenges may arise that could undermine the effectiveness of this initiative.
Trump's diesel deal with Putin draws criticism from a frustrated Congress
Donald Trump recently announced a controversial agreement with Vladimir Putin to import Russian diesel to the U.S. The deal has drawn bipartisan criticism due to its implications on the ongoing war in Ukraine. Lawmakers have urged Trump to reverse course, citing legal concerns over U.S. sanctions against Russia. Despite the backlash, Trump remains firm in his position, blaming Ukraine for rising diesel prices.
Tencent sells dollar, dim sum bonds amid AI spending spree
Tencent Holdings is selling US dollar and offshore Chinese yuan, or dim sum, bonds in a deal that could raise at least $4.5 billion as the Chinese technology giant seeks funding amid higher spending on artificial intelligence.
MIT, Harvard, Yale among 9 US universities under J-1 visa fraud probe as US alleges wage undercutting
The US Labour Department has launched an investigation into alleged J-1 visa fraud at nine major universities, including Harvard, Yale, Stanford and MIT. Vice President JD Vance alleged the programme was being used to undercut American workers’ wages. The move follows a proposed $70,000 fee for initial F-1 student OPT.
AI founders cheer Trump's calls for the industry to police itself on safety in Silicon Valley
President Donald Trump brought tech titans to Washington late last month for a luncheon and ceremonial signing of a voluntary safety pact he described as "almost a constitution" surrounding "Super Intelligence," the administration's new preferred term for AI.
Global Market: China stocks slide as tech valuations face earnings test
Chinese stocks fell after the holiday break amid renewed US-China tensions, higher US Treasury yields and concerns over elevated technology valuations. The CSI300 and Shanghai Composite declined, while the STAR 50 suffered sharper losses. Investors are reassessing high-valued chip and technology stocks, with trade tensions, earnings expectations and global yields weighing on sentiment.
Lebanon's Hezbollah gets $200 million from Iran to help displaced, sources say
Hezbollah has reportedly received a significant financial transfer from Iran aimed at assisting displaced families. This aid comes after the destruction caused by Israel’s military actions in Lebanon. Many families, particularly from Shi'ite Muslim communities, are affected by the recent conflict. The US government disputes the legitimacy of this financial support claimed by Hezbollah. A plan for distributing the funds to around 50,000 families is expected to be announced soon.
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