Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
China's leading semiconductor manufacturer, SMIC, experienced a significant increase in first-quarter revenue and profit due to rush orders from U.S. clients wanting to avoid tariff hikes. However, the results did not meet analysts' expectations, and the company forecasts a potential revenue decline in the second quarter, citing possible lower production yields from testing new equipment. Amid escalating trade tensions, Chinese authorities are actively engaging with the chip sector to minimize impacts, though future demand remains uncertain.
Source: YAHOO
Reported 4 months ago
Commerzbank reported a surprising nearly 12% rise in net profit for Q1, totaling 834 million euros, overshadowing economic challenges and a potential takeover from UniCredit. This profit growth, the highest since 2011, stems from better-than-expected interest income and reduced bad loan provisions. As UniCredit, Commerzbank's second-largest shareholder, pushes for a merger, Commerzbank remains focused on its standalone strategy, positioning itself amidst a stagnating German economy and rising concerns about loan defaults.
Source: YAHOO
Reported 4 months ago
China's exports in April exceeded forecasts, rising 8.1% year-on-year as foreign manufacturers hurried to ship goods before U.S. tariffs took effect. This spike was fueled by a temporary 90-day tariff pause announced by President Trump, leading to significant demand for Chinese materials. However, the sustainability of this growth depends on upcoming trade talks in Switzerland, which could affect tariff policies amid concerns over the broader economic impact.
Source: YAHOO
Reported 4 months ago
Mitsubishi Heavy Industries anticipates a 9.6% increase in operating profit this year, fueled by strong demand in the defence sector. The company forecasts an operating profit of 420 billion yen ($2.9 billion) for the fiscal year ending March 2026, following a significant increase in the previous year. Growth is expected to be particularly robust in aerospace and defence, with a projected 40% rise, while the energy systems sector will see a 17% increase. Notably, these projections do not account for potential impacts from U.S. tariffs.
Source: YAHOO
Reported 4 months ago
In a recent trade deal, Trump has decided to maintain a 10% tariff on goods from the UK while simultaneously reducing taxes on British automobiles, steel, and aluminum.
Source: YAHOO
Reported 4 months ago
President Donald Trump has agreed to lower tariffs on British automobiles, steel, and aluminum as part of an upcoming trade agreement.
Source: YAHOO
Reported 4 months ago
Asian stocks showed mixed results as investors anticipated upcoming trade talks between the U.S. and China, alongside a recent trade agreement between the U.S. and the UK that boosted Wall Street. While U.S. futures and oil prices saw slight increases, markets in Hong Kong and Shanghai slipped slightly. In contrast, Japan's Nikkei 225 surged by 1.5%. Despite strong corporate earnings lifting confidence, concerns over tariffs and economic uncertainty persist.
Source: YAHOO
Reported 4 months ago
China experienced a significant 21% drop in exports to the US in April 2025, following the implementation of Donald Trump's tariffs. While overall exports rose by 8.1%, highlighting growth in other markets, the trade tensions continue to strain the Chinese economy as officials prepare for de-escalation talks in Geneva. The ongoing trade war further complicates economic recovery efforts amid challenges such as declining factory activity and consumer spending.
Source: YAHOO
Reported 4 months ago
Oil prices increased on Friday, following a 3% rise the previous day, as easing trade tensions between the US and China emerged and Britain announced a trade deal with the US. Brent crude rose to $63.27 per barrel, while US West Texas Intermediate crude reached $60.33. A meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng is set to take place on May 10 to address trade disputes that impact crude oil consumption. Analysts suggest that successful negotiations could lead to a further increase in prices.
Source: YAHOO
Reported 4 months ago
Bitcoin has crossed the significant $100,000 threshold for the first time since February, spurred by positive trade news from the U.S. government. With crucial price levels to watch at $107,000 and $120,000 for potential gains, investors are also keeping an eye on support levels at $100,000 and $92,000 in case of short-term profit-taking. The cryptocurrency is currently trading at $102,700, reflecting a notable recovery from its recent lows.
Source: YAHOO
Reported 4 months ago
In April, China's exports increased by 8% compared to the previous year, reflecting a last-minute effort by businesses to circumvent impending tariffs.
Source: YAHOO
Reported 4 months ago
China's Vice Foreign Minister Hua Chunying expressed full confidence in the country's ability to handle U.S. trade issues as discussions are set to take place in Switzerland. Emphasizing a lack of fear regarding the ongoing tariff disputes, Hua noted that the U.S. trade policy is unsustainable and highlighted the need for China to face reality. Recent tariffs imposed by the U.S. are affecting the global economy, but Hua believes that normalcy will return as the U.S. faces the consequences of its actions.
Source: YAHOO
Reported 4 months ago
Japanese and Taiwanese stocks rose sharply as optimism grew from a recent U.S.-UK trade deal, while Bitcoin reached its highest value since January. The Nikkei index jumped 1.7% and Taiwan's benchmark saw a 1.8% gain, particularly in technology shares. Despite some skepticism about the broader implications of the U.S.-UK agreement for other trade talks, market sentiment remained buoyant, also benefiting U.S. crude prices and the dollar.
Source: YAHOO
Reported 4 months ago
The dollar is set to enjoy a weekly rise against most major currencies as optimism builds ahead of the US-China trade talks in Switzerland. Investor sentiment improved following a limited US-UK trade deal, despite a notable decrease in anticipated Federal Reserve rate cuts. The euro and yen showed signs of weakness, while bitcoin surged above $100,000, indicating a growing appetite for risk in more speculative markets.
Source: YAHOO
Reported 4 months ago
Private equity firm Hellman & Friedman has begun the sale process for Enverus, a Texas-based energy software company, with a potential valuation of around $6 billion. The firm is collaborating with Citi's investment bankers to explore various options, including the sale of a stake in the company. Enverus, which provides data and software solutions to the oil and gas sector, generates about $400 million in annual EBITDA. The sale process is still in its early stages, and no deal is guaranteed.
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
The Justice Department and Federal Trade Commission are launching an inquiry into anticompetitive practices in the live concert and entertainment industry, prompted by an executive order from former President Trump aimed at addressing ticket scalping and high fees. Both the Trump and Biden administrations have expressed a commitment to tackling the issues faced by consumers in purchasing event tickets, leading to bipartisan initiatives to regulate the ticket market and curb unfair practices.
Source: YAHOO
Reported 4 months ago
Warby Parker co-CEO Neil Blumenthal shares insights on cultivating a unique eyewear brand amidst intense competition. Founded with the aim of producing affordable glasses, Warby Parker quickly gained traction through innovative strategies, including a home try-on program that addressed customer concerns about online shopping. Blumenthal emphasizes the importance of identifying customer pain points and leveraging e-commerce trends to succeed in a saturated market.
Source: YAHOO
Reported 4 months ago
Mercado Libre's CFO, Martín de los Santos, discusses the company's impressive first quarter results, which exceeded projections, as well as the positive macroeconomic changes in Argentina that are contributing to growth. With a record high stock closing and significant revenue growth of 37% year-over-year, the company is optimistic about improving conditions, including lower inflation and interest rates, which are enhancing the user experience. Despite challenges in the broader economy, the focus remains on digital adoption and improving services across Latin America.
Source: YAHOO
Reported 4 months ago
In the midst of Donald Trump's second presidential term and ongoing trade tensions, investor sentiment toward American assets has been volatile. While concerns about tariffs and recession loom, industry experts maintain optimism regarding the U.S. economy's inherent strengths and its dominant position in global markets. Despite disruptions from Trump’s trade policies, key figures highlight America's entrepreneurial spirit, legal predictability, and resilience against economic shocks, suggesting that, even amidst challenges, the U.S. remains a preferred investment destination.
Source: YAHOO
Reported 4 months ago
President Trump has announced a new framework agreement with the UK, hailed as a significant first step in US-UK trade relations. However, unresolved issues such as steel tariffs and digital taxes indicate that substantial negotiations are still needed. Ambassador Philip Reeker emphasizes the importance of the deal while acknowledging that many details remain undefined, suggesting cautious optimism for future advancements in the relationship.
Source: YAHOO
Reported 4 months ago
US stocks have surged following President Trump's trade announcement, with experts highlighting his positive comments about China as the key factor driving investor relief. Strategist Ross Mayfield emphasized that Trump's optimistic tone regarding potential tariffs and trade negotiations with China has provided much-needed certainty, overshadowing the details of the US-UK trade deal.
Source: YAHOO