Latest Finance-Economy News
US Stocks Reach Record Highs Amid Iran Ceasefire Negotiations
Global stocks hit record levels as the US and Iran weigh a two-week ceasefire extension. The S&P 500 has erased all losses from the Iran war selloff in just over two weeks, with the market pricing in positive developments before official announcements
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China's Economy Grows 5% in Q1, Beating Forecasts
China's first-quarter GDP grew 5%, surpassing growth forecasts despite ongoing Middle East tensions. The economic rebound provides a glimmer of optimism for the world's second-largest economy amid external risks
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TSMC Reports Strong Profit Growth Near 50%
Taiwan Semiconductor Manufacturing Company (TSMC) beat profit estimates with growth approaching 50% in the first quarter. The company has also raised its 2026 outlook, boosting confidence in the semiconductor sector
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South Korea Overtakes China as ASML's Top Market
South Korea has eclipsed China to become the leading market for semiconductor equipment maker ASML. This shift reflects changing dynamics in the global chip supply chain
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Wall Street Banks Cut 5,000 Jobs Despite Profitable Quarter
Major US banks including Morgan Stanley and Bank of America cut 5,000 jobs in their most profitable quarter, signaling restructuring amid market shifts. This reduction occurs despite strong trading revenue and record-breaking market performance
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Taiwan's Market Cap Surpasses United Kingdom's
Taiwan's total market capitalization has eclipsed that of the United Kingdom, marking a significant milestone for the island nation's economy. This reflects the growing importance of Taiwan's technology sector globally
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Oil Stabilizes as Ceasefire Uncertainty Persists
Crude oil prices have stabilized amid ceasefire negotiations between the US and Iran. Markets show concern about prolonged tensions despite official optimism, with Hormuz strait operations remaining restricted
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Morgan Stanley and Bank of America Beat Trading Expectations
Morgan Stanley and BofA reported strong earnings driven by robust trading performance. These results indicate investor confidence despite geopolitical uncertainties
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Blue Owl Surges Amid Private Credit Market Stability
Blue Owl Capital surged most since 2022 as private credit markets remain calm despite economic concerns. Private credit continues to perform well in the growing economy
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IMF Calls for Market Caution as Central Bankers Hold Rate Expectations
The International Monetary Fund calls for caution in markets while indicating Treasuries may be losing premium value. Central bankers across major economies signal no rush to raise interest rates in the near term
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Fire Damages One of Australia's Two Oil Refineries
A fire has impacted one of Australia's two major oil refineries, creating potential supply concerns. This incident adds to global energy market pressures amid ongoing Middle East instability
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Elliott Management Takes Stake in Daikin Industries
Investment firm Elliott Management has taken a significant stake in Japanese air conditioning manufacturer Daikin. This move indicates activist investor interest in restructuring Japanese industrial companies
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