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Finance & Markets

Italy Extends Diesel Tax Cuts to Shield Voters from Price Hikes

Italy will extend a tax cut on diesel fuel prices until Sept. 10, as Prime Minister Giorgia Meloni’s government continues to shield consumers ahead of a general election expected next year, according to an Italian official.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Korea's Current Account Surplus Jumps to Second-Larget Globally

As the strong export trend continued, the current account surplus for July recorded the second-largest ever. The current account surplus for the first half of this year from January to June ranked…

  • South Korea's current account surplus in July hit $42.08 billion, second-largest globally.
  • July surplus decreased from June's $49.73 billion, due to export focus shift.
  • Semiconductor exports surged, driving goods account surplus to $40.43 billion.

Nomura Sees Samsung, Hynix Severely Undervalued

Global investment bank Nomura analyzed on Sept. 4 that the stock prices of memory companies such as Samsung Electronics and SK hynix are relatively undervalued compared to the fundamentals of strong…

  • Nomura sees Samsung and Hynix stocks as severely undervalued
  • Analyst CW Chung maintains Buy rating with target prices set at $496 and $3,481
  • Memory demand and supply constraints drive significant undervaluation

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