theguru, Author at ViewusGlobal - Page 9 of 11

theguru (217 Posts)

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  Saudi Arabia's Futuristic City Dream Faces Reality Check 2024.04.08 The Saudi Arabian government is expected to slow down the development of the Neom City project, a key initiative of Crown Prince Mohammed bin Salman. This has diminished expectations for a construction boom in our industry. Bloomberg reported on the 8th, citing sources, “Saudi Arabia has scaled back the midterm goals for Neom City, the […]
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  U.S. Takes on China: Investigation into Unfair Shipbuilding Trade Practices Begins 2024.04.08 The United States government is expected to launch an investigation into the unfair practices of the Chinese shipbuilding industry following a petition from the United Steelworkers Union (USW). Analysts anticipate that this could potentially benefit the Korean shipbuilding industry. According to a report by the Korea Trade-Investment Promotion Agency (KOTRA) on the 7th, Sanction to […]
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  Tesla Boosts Stock Price by $2000 with Advancements in Robotics, Energy Storage, and AI 2024.04.05 Photo=Tesla Ark Investment Management’s CEO, Cathie Wood, has expressed strong conviction in Tesla’s stock price surge. With three key technologies as its foundation, Tesla’s stock price is predicted to follow an upward trajectory. According to industry sources on the 4th, Cathie Wood recently stated in an interview with CNBC, a U.S. economic specialist media outlet, […]
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  Hyundai's Electric Vehicles Drive Record Sales in U.S. Market 2024.04.03 March performance drives record Q1 sales Hyundai Motor achieved a monthly sales record in the U.S. market last month. This achievement results from focusing on securing local demand for electric vehicles, primarily with brand-specific electric vehicle models like the IONIQ 5. Thanks to last month’s performance, they also set a new record for the highest […]
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  Hyundai Ioniq 5: Game Changer in U.S. Electric Car Sales 2024.04.03 3,361 units sold in March, a 58% increase compared to last year6,822 units sold in Q1, an 18% increase compared to last yearIoniq 6 and Kona EV joining the lineup to set new records Hyundai Motor Company is gaining prominence in the U.S. electric vehicle (EV) market by showcasing its brand-specific EV models. In particular, […]
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  Europe's Gas Lifeline at Risk: Ukraine Dispute Threatens Supply 2024.04.02 Russia’s state-owned gas company, Gazprom, has supplied more than 40 million cubic meters (1.4 billion cubic feet) of gas to Europe daily. The company has been utilizing the gas pipeline in Sudzha, Ukraine, which has been the only route available since the closure of the Nord Stream pipeline. However, concerns have been raised that the […]
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  Inside George Soros' Portfolio: His Top 8 Stock Picks 2024.04.02 The top eight stocks held by George Soros, often referred to as a legend in hedge funds, have been revealed. According to Yahoo Finance on the 30th, George Soros’s top eight stocks in his portfolio are Liberty Broadband Corporation, CRH, American Equity Investment Life Holding Company, Amazon, Booking Holdings, Jacobs Solutions, Uber Technologies, and Accenture. […]
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  9 Noteworthy Stocks in Bill Gates' Portfolio 2024.04.02 Walmart, FedEx, and Schrödinger are included Nine notable stocks from billionaire Bill Gates’ portfolio have been revealed. According to Yahoo Finance on the 30th, the nine stocks are Caterpillar, Deere & Company, Ecolab, Coca-Cola Femsa S.A.B., Walmart, FedEx Corporation, Waste Connections, Schrödinger, and Crown Castle International. Gates holds a stake in Caterpillar, a construction machinery […]
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  Canada Tightens Review of Foreign Investment in AI and Quantum Computing 2024.04.01 [TheGuru=Sungil Hong] The Canadian government is strengthening its review of foreign capital investments. The move is being analyzed as a step in line with the United States' efforts to curb China. According to industry reports on the 31st, the Canadian government has decided to conduct a strict review of foreign investment proposals in sensitive sectors. The Canadian government released a statement to that effect on Sept. 26 (local time). The move is in response to the recent amendments to the Investment Canada Act. The revised Investment Canada Act requires foreign companies that want to acquire companies in sensitive sectors to notify the Canadian government before the deal is finalized. The sensitive sectors identified by the Canadian government include artificial intelligence (AI), quantum computing, and space technology. Under the enhanced measures, the Canadian government can restrict access to foreign investors seeking to acquire companies in these sectors during the review period. Even if the acquisition is finalized, investors may not have access to the acquired company's data and assets. China has been blamed for the Canadian government's tightening of the review process, which had been open to foreign investment. In fact, last year, the Canadian government ordered Chinese investors to divest their stakes in three lithium companies. Industry analysts believe that Canada is following in the footsteps of the United States, which is wary of China's growing influence. The Canadian government has also mentioned the possibility of expanding the scope of the regulation to other sectors in the future, so the scope of the regulation will be closely watched...
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  Goldman Sachs Predicts $32 Billion Stock Sell-Off by US Pension Funds 2024.04.01 Global investment bank Goldman Sachs has projected a massive stock sell-off by U.S. pension funds, interpreted as a portfolio readjustment. Analysts from Goldman Sachs’ FICC (Fixed Income, Currency, and Commodities) and Equity team stated on the 31st (local time) through an investment note that “We expect pension funds to sell off stocks worth $32 billion […]
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  Xinhua Denies Speculations of Foreign Investment Decline in China 2024.04.01 [TheGuru=Hong Seong-hwan] China's state-run Xinhua News Agency has refuted speculation that foreign companies are pulling out of China. According to the Korea Institute for Foreign Economic Policy, Xinhua refuted the pullout theory in a commentary on Nov. 21, citing the increasing number of stores in China by large food and beverage companies such as KFC, McDonald's, and Starbucks, Apple's announcement of plans to invest more in the country, GE Healthcare's doubling of R&D investment in China, and AstraZeneca's announcement of a $475 million investment plan. "Foreign capital shows that China is still a fertile ground for foreign investment and business," Xinhua said, "proving that the exaggerated claims by some Western media that there are no more opportunities in the Chinese market are not true." "The State Council issued the 'Action Plan for Expanding the Attraction and Utilization of Foreign Capital through Higher Openness to the World' to expand the market access of foreign capital and increase the degree of freedom for foreign investment, demonstrating China's willingness and action to share development opportunities with the world," Xinhua said. According to the "International Balance of Payments for 2023" released by the State Administration of Foreign Exchange on March 18, foreign direct investment in China totaled $30 billion last year. That's down 82 percent from the previous year. The $27.5 billion was the lowest level since 1993, when it was recorded, Bloomberg analyzed. It's less than a tenth of the $344.1 billion in 2021, when it peaked...
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  Adapting to Shifting Consumer Patterns: The Trend Towards Small-Scale Store Expansion in the U.S. 2024.04.01 The retail industry in the United States continues to expand small-scale stores. Analysis suggests that retail companies are responding to changed consumer purchasing patterns amid the COVID-19 pandemic. According to KOTRA, on the 30th, Whole Foods Market, a large organic supermarket chain in the US, plans to open a new small-scale store called Whole Foods […]
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  Short-Form Drama Fever Sweeps Through TikTok's Homeland, China 2024.04.01 [The Guru=Reporter Hong Sung IL] In China, where TikTok (known locally as Douyin) has created a global short-form content craze, even dramas, traditionally long-form content, are produced in short-form. The short-form drama market is rapidly expanding and showing signs of profitability. On the 22nd, KOTRA’s Chongqing Trade Center introduced the current state and prospects of […]
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  Netmarble’s U.S. Subsidiary Jam City Hires Additional Employees in the U.S. And Uruguay 2024.03.29 Additional hiring amid mass layoffs in the global gaming industry Jam City, the United States subsidiary of Netmarble, is on a hiring spree in the U.S. and Uruguay despite the storm of massive layoffs sweeping the global gaming industry. The company’s expansion of its workforce is drawing attention. According to industry sources, on the 29th, […]
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  Smilegate Barcelona Closes With All Employees Laid Off 2024.03.29 Smilegate’s first overseas game development studio, Smilegate Barcelona, has closed its doors. The global gaming industry’s restructuring winds are also affecting Korean game companies. Stephane Blais, former World Director of Smilegate Barcelona, announced on LinkedIn on the 27th (local time) that “Smilegate Barcelona is closing its doors. All staff are being laid off.” Edouard Albert, […]
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  Valkyrie CIO Predicts Ripple ETF Approval Ahead of Ethereum 2024.03.28 [Dugguru=Sung-Hwan Hong] It has been observed that a Ripple (XRP) spot exchange traded fund (ETF) is likely to be approved before an Ethereum (ETH) spot ETF. It will be interesting to see if global managers will start to launch Ripple spot ETFs. "I don't think an Ethereum spot ETF will be approved in May because I believe that Ethereum can be a security," said Stephen McClurg, co-founder and chief investment officer of Valkyrie Investments, in a conversation with a reporter from U.S. financial media Fox Business, according to industry sources. "I think it's more likely that Ripple or Litecoin (LTC) will be approved before Ethereum." However, no manager has yet formalized the launch of a Ripple or Litecoin spot ETF. Seven asset managers, including BlackRock, Fidelity, Ark Investments, and Grayscale, have filed to list an Ethereum spot ETF. The U.S. Securities and Exchange Commission (SEC) is expected to make a decision on May 23 on whether to approve ETH spot ETFs. The market is betting that an ETH spot ETF is unlikely to be approved. This is because unlike Bitcoin, which is proof-of-mining (POW), Ethereum is proof-of-stake (POS), which raises ongoing securities issues. Eric Balchunas, an ETF analyst at Bloomberg, previously put the likelihood of an ETH spot ETF approval at 70% in January, but recently downgraded it to 30%. "The approval process for an ETH spot ETF is different from that for a bitcoin spot ETF," he explained, "and we've lowered our odds of approval given the lack of progress with more than 70 days to go before the deadline."
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  Kia EV9 Wins the World Car of the Year 2024, Making It a Two-time Winner 2024.03.28 Kia’s flagship electric sports utility vehicle (SUV), model EV9, has won the World Car of the Year, the highest honor at the World Cars Awards 2024. It also clinched the title of World Electric Vehicle, making it a two-time winner. Hyundai’s Ioniq 5 N also won in the performance car category. According to the WCA, […]
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  Four Seoul Restaurants Make the List of 'Asia's 50 Best Restaurants' 2024.03.28 Four Korean restaurants have made it onto Asia’s 50 Best Restaurants 2024 list, often called the Academy Awards of the culinary world. This year, Singapore had the most restaurants selected. South Korea ranked fifth. In the survey of Asia’s 50 Best Restaurants 2024 announced by UK’s William Reed on the 26th, Mingles, a Korean restaurant […]
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  Callaway: 'There Have Been No Discussions of Acquisition' 2024.03.27 “Korean company’s acquisition rumor is out of the question. There will be no response in the future.”Callaway’s sales are strong, revenue increased 7% year-over-year Callaway has officially stated that there were “no discussions” about the acquisition from a Korean company. This comes as a rare official denial in response to reports that a Korean Strategic […]
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  TPG Plans to Raise $5 Billion Asia Fund with 10% Allocated to Korean Market 2024.03.26 Texas Pacific Group (TPG), a global private equity managing firm, is set to establish a massive Asia buyout fund worth approximately $5 billion. They plan to invest around 10% of this fund into the South Korean market. According to Bloomberg and other sources, on the 26th, TPG is planning to close its eighth Asia buyout […]