US President Donald Trump said on Tuesday that Washington is considering financial support measures for the United Arab Emirates, including a potential currency swap arrangement, as geopolitical tensions linked to the Iran conflict raise economic risks across the Gulf region.Speaking in an interview with CNBC, Trump confirmed that discussions around…
US stocks closed lower on Tuesday, reversing earlier gains as geopolitical uncertainty surrounding Iran and concerns about the Federal Reserve’s independence weighed on investor sentiment. Markets had initially found support from strong corporate earnings and economic data, but those gains faded as the session progressed.The Dow Jones Industrial Average fell…
President Donald Trump’s decision to offer an indefinite ceasefire has created confusion in the financial markets, with analysts struggling to predict how the war might conclude. It also suggests that Trump is increasingly trapped and has heightened fears that the worst may still lie ahead.Donald Trump thought the war would…
US stocks closed lower on Tuesday, reversing earlier gains as geopolitical uncertainty surrounding Iran and concerns about the Federal Reserve’s independence weighed on investor sentiment. Markets had initially found support from strong corporate earnings and economic data, but those gains faded as the session progressed.The Dow Jones Industrial Average fell…
Asian markets opened mixed on Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire.The announcement provided some support to risk sentiment, even as investors remained wary of the still-closed Strait of Hormuz and elevated oil prices.Japan’s Nikkei 225 climbed to a fresh record on the back…
Gold climbed on Wednesday after President Donald Trump extended the Iran ceasefire, though gains were tempered as easing oil prices reduced some inflation concerns even while the broader geopolitical outlook remained uncertain.Spot gold rebounded 0.9% to $4,755.11 an ounce by 0225 GMT after hitting an April 13 low, while June…
The Hang Seng Index sank by over 1.30% on Wednesday as concerns about the fragile ceasefire between the United States and Iran continued. It retreated to $26,137, erasing some of the gains made a day earlier.Hang Seng Index slips after Trump ceasefire extension President Donald Trump announced that he would extend…
SpaceX’s deal with Cursor is less a conventional takeover bet than a race against the calendar.The Elon Musk-led company has secured the right to buy the AI coding startup for $60 billion later this year, or pay $10 billion for the partnership if it walks away.With SpaceX preparing for a…
South Korea’s SK Hynix will invest 19 trillion won ($12.85 billion) in a new memory packaging facility, the world’s third-biggest semiconductor maker by sales announced on Tuesday. The development comes as surging artificial intelligence demand reshapes the global chips landscape and prompts the industry’s biggest players to accelerate capital expenditure…
Swiss engineering group ABB raised its 2026 sales outlook on Wednesday after reporting a stronger-than-expected rise in first-quarter revenue, driven by surging demand from data centres processing artificial intelligence data.ABB said quarterly sales rose 18% to $8.73 billion, beating analysts’ average estimate of $8.25 billion.Operational profit also exceeded forecasts, reinforcing…