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Taiwanese chipmaker TSMC sees nearly 40% jump in its net profit thanks to the AI boom

HONG KONG (AP) — Taiwan’s leading computer chip maker, TSMC, said Thursday that its net profit surged nearly 40% in the last quarter, boosted by the surge in use of artificial intelligence. Taiwan Semiconductor Manufacturing Corp. is the world’s biggest semiconductor manufacturer. It reported ...
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Rare earths tensions rise as US and China trade barbs

BEIJING (Reuters) -Chinese state media on Thursday issued a seven-point rebuttal to U.S. calls for Beijing to wind back its rare earth controls, as both sides struggle to move beyond a volley of barbs and accusations of blindsiding the other.  U.S. Trade Representative Jamieson Greer ...
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India seeks to import more US oil and gas under pressure from Trump to stop Russian oil purchases

NEW DELHI (AP) — India says it is looking to step up purchases of crude oil and natural gas from the U.S. as it diversifies its energy supplies and confronts criticism by U.S. President Donald Trump over its imports of discounted Russian oil. Trump said ...
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Swiss Army Knife maker tries new tools to blunt Trump tariff blow

By John Revill IBACH, Switzerland (Reuters) -Swiss Army Knife maker Victorinox is trying to hold down its U.S. prices, while exploring new markets, as it experiments with new tools to navigate President Donald Trump’s trade tariffs.  Popularised in the United States by soldiers who were based ...
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Markets relieved, but France’s fiscal fire still burns

By Alun John, Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) -France’s financial markets are riding a roller-coaster, as the country grapples with one of its worst political crises in decades, and while sentiment is improving, the bumpy ride is not over.  French Prime Minister Sebastien Lecornu ...
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Weak Chinese and US markets weigh on Pernod Ricard Q1 sales

By Dominique Vidalon PARIS (Reuters) -French spirits maker Pernod Ricard said it still expected sales to improve in fiscal year 2026 after reporting a well-flagged 7.6% fall in first quarter sales, due to weak consumer demand and destocking in China and the United States. Pernod, the ...
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Nestle to axe 16,000 jobs as new CEO targets sales growth

By Alexander Marrow (Reuters) -Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company reported better-than-expected sales growth thanks to pricing-led upticks in coffee and confectionery. Navratil, the former head ...
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ABB sees ‘robust market’ so far unaffected by US tariffs

By John Revill ZURICH (Reuters) -ABB is seeing a “robust” market situation with so far little impact on customer demand from the uncertainties caused by U.S. tariffs, the Swiss engineering company said on Thursday, as it reported its third quarter results. ABB, which makes motors and ...
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Australia’s Treasury Wine chair grilled by shareholders but comfortably re-elected

By Christine Chen SYDNEY (Reuters) -Treasury Wine Estates shareholders grilled Chairman John Mullen over the Australian winemaker’s poor performance, stock slump as well as his heavy workload, but he was re-elected by a wide margin at its annual general meeting on Thursday. Earlier this week, Treasury ...
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Morning Bid: News overload splits markets

A look at the day ahead in European and global markets from Kevin Buckland With this much newsflow, it’s hard for investors to know where to look. As a result, investors are gazing in several directions at once – and it’s creating a quite clean split ...
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Asian shares are mostly higher after Wall St ends an erratic day with gains

MANILA, Philippines (AP) — Most Asian stock indexes rose on Thursday, tracking gains on Wall Street following a topsy-turvy trading day. U.S. futures were nearly flat, while oil prices were higher. Japan’s Nikkei 225 rose 0.8% to 48,069.71 as investor sentiment was lifted by a strong ...
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South Korean presidential policy chief says ‘optimistic’ about US tariff talks

By Jihoon Lee SEOUL (Reuters) -South Korea’s chief presidential policy adviser said on Thursday he was “optimistic” about ongoing talks to finalise a trade deal with the U.S., in the latest remarks by officials suggesting progress in negotiations that had stalled for months. Kim Yong-beom and ...
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