Business

TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand

Wednesday, April 15 by SRN News

By Wen-Yee Lee and Ben Blanchard TAIPEI, April 16 (Reuters) - TSMC, the world's largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth consecutive quarter of record earnings with a 50% surge in net profit for January-March driven by booming demand... Read More.

S&P Global downgrades ASX after Australian regulator finds governance, risk failures

Wednesday, April 15 by SRN News

April 16 (Reuters) - S&P Global Ratings on Thursday lowered its issuer credit rating for the Australian Securities Exchange to "A+/A-1" from "AA-/A-1+", two weeks after a local regulator flagged governance and risk management failures at the stock exchange operator. The downgrade underlines ASX's slide... Read More.

Goldman Sachs rates business hit by Iran war volatility, sources say

Wednesday, April 15 by SRN News

By Saeed Azhar NEW YORK, April 15 (Reuters) - Goldman Sachs' rates business suffered losses on some positions towards the end of the last quarter as fixed-income market volatility due to the Iran war forced it to hold on to certain positions as a market... Read More.

Oil prices fall as hopes for US-Iran deal outweigh supply disruption concerns

Wednesday, April 15 by SRN News

By Yuka Obayashi TOKYO, April 16 (Reuters) - Oil prices fell in early trade on Thursday as hopes for easing U.S.-Iran tensions, following reports that Iran could allow ships to pass through around the Strait of Hormuz, outweighed concerns over ongoing supply disruptions. Brent crude futures... Read More.

Asia markets advance on peace deal hopes, corporate earnings

Wednesday, April 15 by SRN News

By Gregor Stuart Hunter SINGAPORE, April 16 (Reuters) - Stocks pushed higher in early Asia trading on Thursday as optimism grew about a deal to end the Iran war with the U.S. ratcheting up pressure on Tehran, while traders prepared for a raft of economic... Read More.

Japan, US agree to intensify communication on exchange rates

Wednesday, April 15 by SRN News

By Leika Kihara WASHINGTON, April 15 (Reuters) - Japan and the U.S. agreed to intensify communication on exchange rates, Japanese Finance Minister Satsuki Katayama said after her meeting with U.S. Treasury Secretary Scott Bessent on Wednesday. Katayama, who is visiting Washington for the International Monetary Fund... Read More.

Pentagon approaches automakers, manufacturers to boost weapons production, WSJ reports

Wednesday, April 15 by SRN News

April 15 (Reuters) - Senior U.S. defense officials have held talks about producing weapons and other military supplies with top executives of companies including General Motors and Ford Motor, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions. The preliminary... Read More.

Ford’s advanced EV-and-tech chief to leave the company

Wednesday, April 15 by SRN News

By Nora Eckert April 15 (Reuters) - Doug Field, a Tesla and Apple veteran who has led Ford Motor's electric-vehicle and technology efforts for nearly five years, is leaving the automaker. Ford said Wednesday that Field, who most recently was the chief EV, digital, and... Read More.

HVAC firm Madison Air raises $2.2 billion in US IPO

Wednesday, April 15 by SRN News

By Pragyan Kalita April 15 (Reuters) - Indoor air systems provider Madison Air Solutions said on Wednesday it had raised $2.23 billion in the biggest U.S. initial public offering so far this year. The Chicago, Illinois-based heating, ventilation and air conditioning (HVAC) firm sold 82.7... Read More.

Norway’s sovereign wealth fund has no plans to reduce US assets, finance minister tells FT

Wednesday, April 15 by SRN News

April 15 (Reuters) - Norway's $2.1 trillion sovereign wealth fund, the world's largest, does not intend to shed U.S. assets despite concerns over the Middle East war and mounting U.S. debt, Finance Minister Jens Stoltenberg told the Financial Times on Wednesday. "There have been... Read More.

Current Weather

TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand

S&P Global downgrades ASX after Australian regulator finds governance, risk failures

Goldman Sachs rates business hit by Iran war volatility, sources say

Oil prices fall as hopes for US-Iran deal outweigh supply disruption concerns

Asia markets advance on peace deal hopes, corporate earnings

Japan, US agree to intensify communication on exchange rates

Pentagon approaches automakers, manufacturers to boost weapons production, WSJ reports

Ford’s advanced EV-and-tech chief to leave the company

HVAC firm Madison Air raises $2.2 billion in US IPO

Norway’s sovereign wealth fund has no plans to reduce US assets, finance minister tells FT

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