Taiwan Semiconductor Manufacturing Company said on Friday that it is planning to sell up to 152 million shares in Vanguard International Semiconductor through a block trade to institutional investors. The company said the divestment is aimed at sharpening focus on its core operations while maintaining strategic cooperation with VIS in…
The FTSE 100 Index has been muted in the past few weeks despite major developments in the UK, including the ongoing political crisis in which Keir Starmer is fighting for his political survival. It also reacted mildly to the recent corporate earnings and Bank of England decision. This article explores some…
Capital.com Australia, the Australian subsidiary of the global trading platform, has announced a multi-year partnership with Golf Australia, becoming the title partner of the Capital.com Australian Open and the first naming rights partner of the Capital.com GA Handicap.The agreement links Capital.com Australia with both Australia’s leading golf championship and the…
US equity futures retreated sharply on Friday after bond yields climbed to their highest level since early June 2025, driven by mounting evidence that the Iran war is beginning to inflict lasting economic damage.The 10-year Treasury yield rose to 4.54% as investors priced in tighter monetary policy, while oil prices…
Shares of Figma rose about 9% in premarket trading on Friday after the design software company raised its annual revenue forecast, signaling that growing adoption of its artificial intelligence tools is helping drive customer expansion and higher spending across its platform.The company said it now expects fiscal 2026 revenue between…
US unemployment claims rose moderately last week but were still within acceptable limits as businesses refrained from executing mass-level layoffs even as they grappled with mounting inflationary pressures.Initial claims for state unemployment benefits increased by 12,000 to a seasonally adjusted 211,000 in the week ended May 9, according to data…
US retail sales rose in April, signalling continued resilience in consumer spending even as inflationary pressures intensified across the economy.According to data released Thursday by the US Census Bureau, Retail Sales increased 0.5% month-on-month in April to $757.1 billion.The reading followed a revised 1.6% increase in March, which was previously…
US retail sales rose 0.5% in April, underscoring resilience in household spending despite higher gasoline prices and weak consumer confidence. ING Economics said the figures highlight the ability of consumers to absorb cost pressures, though risks remain as energy prices stay elevated and wage growth lags. While inflation data dominated the early…
At the time of writing, President Trump, along with a clutch of top US corporate executives, is in China. Mr Trump and Chinese President Xi Jinping have already held a formal meeting in Beijing. But as things stand, there have been scant details over what has been discussed, let alone…
Incoming Federal Reserve Chair Kevin Warsh could face significant challenges in reducing the US central bank’s role in financial markets as rising federal debt and weakening demand advantages for US Treasuries complicate the outlook, according to analysts and economists.Warsh, who was confirmed by the US Senate on Wednesday to replace…