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Gautam Anand to lead HSBC global India private banking unit

HSBC has named industry veteran Gautam Anand as the head of its global India private banking business. Anand stepped into the new role on 24 April. His mandate involves managing coverage across India and major international hubs, including Dubai, Hong…

Taiwan’s ‘Other’ Chip Giant Clocks Strong Performance As Consumer Demand Roars Back

Taiwan-based United Microelectronics Corp, a prominent global semiconductor foundry, reported fiscal first-quarter results on Wednesday. For the quarter, the company reported revenue of $1.93 billion (61.04 billion New Taiwanese dollars), up 5.5% year-on-year. The figure marginally missed the analyst consensus estimate of $1.97 billion. On a…

Navitas (NVTS) Nosedives on Profit-Taking as Firm Gains Over 100%

Navitas Semiconductor Corp. (NASDAQ:NVTS) is one of the 10 Stocks Reeling From Huge Losses. Navitas fell by 17.38 percent on Tuesday to close at $15.12 apiece, as investors resorted to profit-taking after more than doubling its share prices this month….

Prices tanking ahead of Fed meeting

Gold (GC=F) June futures opened at $4,611.40 per troy ounce on Wednesday, nearly even with Tuesday’s closing price of $4,608.40. The gold price at today’s open is at its lowest level in a week. The gold price fell even further…

Iran War Triggers Helium Shock Threatening Global Chip Supply

Last month, QatarEnergy declared force majeure on long-term liquefied natural gas (LNG) contracts to buyers in Europe and Asia following severe damage to its Ras Laffan production facilities by Iran’s missile strikes. This disrupted ~20% of global LNG supply and…

Get lower rates by adding collateral

Secured personal loans are simply loans backed by collateral, such as a car or bank account. By pledging something of value, you could more easily qualify for a loan or get a more competitive interest rate. But these loans may…

Billionaire Brian Higgins Is Bullish on This Connectivity Giant

We just covered Billionaire Brian Higgins’ 10 Stock Picks With Huge Upside Potential and Uniti Group Inc. (NASDAQ:UNIT) ranks 1st on this list. Uniti Group Inc. (NASDAQ:UNIT) is a relatively recent addition to the 13F portfolio of King Street Capital….

Third straight decline in benchmark diesel as futures trend higher

The weekly benchmark diesel price used for most fuel surcharges recorded its third straight decrease after weeks of higher numbers, but the recent direction of futures prices suggest the pullback may not continue. The Department of Energy\Energy Information Administration average…

30-year fixed stable ahead of Fed meeting

The 30-year fixed is sitting just above 6.10%, one basis point lower than the rate we reported yesterday. While the 30-year has ticked upward over the last couple of days, it currently sits 17 basis points lower than where it…

Analysis-Blocking of Meta’s AI startup buy raises risk for cross-border China tech deals

By Kane Wu, Laurie Chen and Eduardo Baptista BEIJING/HONG KONG/SINGAPORE, April 28 (Reuters) – China’s blocking of Meta’s acquisition of AI startup Manus will heighten the risk for global investors looking to invest in advanced tech firms with ties to…