by Jibran Munaf | August 29, 2024 | Automotive, Corporate Finance
Chinese electric vehicle (EV) manufacturer BYD has reported a significant increase in net profits for the second quarter of 2024, demonstrating strong market performance despite aggressive pricing strategies and international challenges. View this post on...
by Jibran Munaf | August 29, 2024 | Corporate Finance, Wealth Management
Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, marking the first non-technology company in the United States to achieve this milestone. This achievement highlights the unique position of Berkshire Hathaway in the market,...
by Jibran Munaf | August 28, 2024 | Corporate Finance, News
LG Electronics Inc. is exploring an initial public offering (IPO) for its Indian business as part of a strategy to reach $75 billion in electronics revenue by 2030. The South Korean company’s Chief Executive Officer, William Cho, mentioned that listing in India...
by Jibran Munaf | August 28, 2024 | Corporate Finance, News
Majid Al Futtaim has announced a net profit of Dhs1.6 billion for the first half of 2024, despite facing a challenging macroeconomic environment characterized by regional geopolitical conflicts and foreign exchange devaluations. The group’s assets saw a 2%...
by Jibran Munaf | August 28, 2024 | Corporate Finance, News
Apple Inc. has announced that Kevan Parekh, an Indian-origin executive, will be stepping into the role of Chief Financial Officer (CFO) starting January 2025. Parekh, who is currently the Vice-President of Financial Planning and Analysis at Apple, will succeed Luca...
by Jibran Munaf | August 28, 2024 | Currencies, Finance, Market Analysis & Commentary, Markets, Stocks & Bonds
Global stock markets hovered near record highs on Wednesday as investors awaited crucial earnings results from Nvidia, a key player in the semiconductor industry. Meanwhile, the British pound reached a 2.5-year high as traders speculated that the Bank of England would...