Asian stocks edged higher on Friday, drawing some support from Wall Street’s overnight advance, but gains were restrained as investors weighed a fragile Middle East ceasefire, firmer oil prices and a further push-out in expectations for the first Federal Reserve interest-rate cut.The tone across the region was one of caution…
Shares of Tata Consultancy Services fell on Friday after India’s largest software exporter posted a rare decline in annual revenue, overshadowing better-than-expected quarterly numbers and strong deal wins.The stock dropped about 3% in early trade as investors focused less on the latest quarter and more on the broader message from the results.…
Fast Retailing stock surged to a record high after the earnings upgrade, rising as much as 9.3% to 73,740 yen on Friday and briefly touching 74,220 yen.The move made it the top performer on Japan’s Nikkei 225 index on Friday.After delivering a stronger-than-expected second quarter, the company raised its full-year…
European stock markets were poised to open higher on Friday, extending the cautious rebound seen in Asia, though sentiment remained fragile as investors monitored strains in the truce between the US and Iran and the risk of renewed volatility in oil prices. Futures for the FTSE 100, CAC 40 and…
Taiwan Semiconductor Manufacturing Co posted stronger-than-expected first-quarter revenue, offering fresh evidence that demand tied to artificial intelligence is still powering the global chip industry even as investors look for signs of a broader slowdown in electronics.The world’s largest contract chipmaker said revenue for the first three months reached T$1.134 trillion,…
Porsche’s global deliveries fell sharply in the first quarter, underlining the pressure facing premium carmakers as softer demand in China and the US collides with an uneven transition to electric vehicles and product changeovers across key markets.The sports-car maker handed over 60,991 vehicles in the first three months of the…
British construction firms witnessed an unprecedented rise in cost inflation in March, marking the sharpest month-on-month increase since records began in 1997, according to a survey released on Wednesday. Data from S&P Global showed that the UK Construction Purchasing Managers’ Index (PMI) measure of input cost inflation jumped to 70.5…
Emerging and developing economies in Europe and Central Asia will experience slower growth in 2026 due to the effects of higher energy prices brought on by the ongoing conflict in Iran, said a World Bank report released on Wednesday.This surge has increased operating costs for businesses and raised fuel expenses…
Markets have swung from relief to caution as the Iran ceasefire shows fresh signs of strain, keeping oil, equities and policy nerves on edge. Washington is trying to lock in a diplomatic opening, but the Strait of Hormuz remains only partly usable, regional violence has not fully stopped, and investors…
At 6:12 on a Tuesday morning, Trump posted that a whole civilisation would die that night. By 8 p.m., he had announced a ceasefire. By Wednesday’s open, the Nasdaq was up 3.5%, oil had shed 16%, South Korea’s Kospi had soared 6.9%, and emerging markets were posting their best single…