South Korea’s Kospi Index crashed by over 6% today, May 15, as the recent rally took a breather and investors started to book profits. After crossing the key resistance at 8,000 this week, it plunged to 7,585. Local and foreign investors are selling South Korean stocksThe Kospi Index tumbled by over…
Honda’s latest results paint a sharply weaker picture of the company’s performance, with both operating and net income slipping into loss for the first time in decades.The company reported an operating loss of ¥414.3 billion and a net loss of ¥423.9 billion for the year ended March 2026, its first…
European blue-chip companies are on course to deliver their strongest earnings growth since the fourth quarter of 2022, according to the latest LSEG I/B/E/S data released on Thursday.However, revenues are still expected to decline despite the strong profit performance.The data showed that earnings for European blue-chip firms are now expected…
Advanced Micro Devices (NASDAQ: AMD) has rarely appeared in better financial shape, at least on the surface of its latest results.In its first quarter, the chipmaker posted revenue of $10.3 billion, up 38% from a year earlier, while data center sales surged 57% to $5.8 billion as demand for its…
Alphabet has raised 576.5 billion yen ($3.6 billion) through its first-ever yen-denominated bond sale, marking the largest bond issuance in Japanese currency by a foreign company, according to a term sheet released on Friday.The transaction comes as the parent company of Google continues to expand investments in artificial intelligence infrastructure…
Global equities advanced sharply as improving sentiment around US-China relations, encouraging US economic data, and easing inflation concerns boosted investor appetite for risk assets, according to analysts at Deutsche Bank.The analysts said markets reacted positively to developments surrounding the Trump-Xi summit in Beijing, while corporate earnings and growing enthusiasm around…
US President Donald Trump’s latest first-quarter ethics filing runs more than 100 pages and discloses between $220 million and $750 million in securities transactions.A separate official US Office of Government Ethics filing shows one of the reports carried a late-fee note and was received on May 12, after being signed…
Trump’s two-day summit with Xi Jinping is now underway in Beijing, marking his first visit to China in nearly nine years.More than a dozen top US executives have joined him, highlighting how closely markets are watching the trip for both business outcomes and diplomatic signals.Early expectations remain modest as the…
Nio stock price jumped by over 4.4% in Hong Kong today, May 14, mirroring its performance in Wall Street a day earlier. It jumped to H$50.45, its highest level in two weeks, and is up by over 45% from its lowest point this year. This growth makes it one of…
Cuba has run out of diesel and fuel oil, according to Energy Minister Vicente de la O, leaving the island facing one of its most severe power crises in decades. In Havana, many neighbourhoods are now enduring between 20 and 22 hours of blackout a day, a level of disruption that points to a…