Taiwan Semiconductor Manufacturing Co. heads into its first-quarter earnings report with the market already convinced that demand is strong.The harder question now is whether the numbers due on Thursday can prove the AI chip boom is still translating into rising profits.TSMC has already reported January-March revenue of NT$1.134 trillion, up…
China’s Victory Giant Technology is expected to price its Hong Kong share offering at the top of its indicated range, reflecting robust investor demand despite broader market volatility, according to media reports.The company is likely to set the offer price at HK$209.88 per share.This would allow it to raise approximately…
Lloyds share price has staged a major comeback and is slowly nearing its highest point this year as British stocks join the broader stock market rally. The stock surged to 103p, up sharply from the year-to-date low of 85p, and signs are that the bull run has more room to…
US stock index futures were little changed on Wednesday as investors weighed hopes of renewed diplomacy between Washington and Tehran against escalating US measures targeting Iran’s maritime trade.The steadier tone in futures suggested Wall Street was willing to look through the latest geopolitical shock for now.The mood was cautious rather…
Wall Street’s latest bullish turn is becoming more selective.As US stocks push back toward record territory after absorbing a bruising spell of geopolitical anxiety, Morgan Stanley is steering investors away from blanket optimism.The bank is highlighting names where it sees a clearer mismatch between market sentiment and underlying business strength.That…
US producer prices increased less than expected in March, as stable service costs helped offset a sharp rise in energy prices triggered by the ongoing war with Iran.The Producer Price Index (PPI) for final demand rose 0.5% last month, matching a downwardly revised increase in February, data from the Bureau…
The International Monetary Fund has sharply downgraded economic growth forecasts for both the United Kingdom and Germany, citing the inflationary fallout from the Iran conflict.Britain recorded the steepest downgrade among major advanced economies.The IMF now expects the UK economy to grow by 0.8% in 2026, down from its earlier projection…
The International Monetary Fund on Tuesday revised down its growth outlook for emerging market and developing economies in 2026, citing rising energy and food prices along with uncertainty stemming from the Middle East conflict.The IMF now expects these economies to grow at 3.9% in 2026, down from its earlier estimate…
US Treasury Secretary Scott Bessent said on Tuesday that he remains confident that core inflation in the United States will continue to ease despite the ongoing war involving Iran.Bessent also reiterated his call for the Federal Reserve to lower interest rates.Speaking on the economic outlook, Bessent acknowledged that policymakers at…
Billionaire investor Ken Griffin has warned that a prolonged shutdown of the Strait of Hormuz could push the global economy into a recession, underscoring the risks tied to ongoing tensions in the Middle East.Speaking at the Semafor World Economy Forum, the founder and CEO of Citadel described the situation as…