Japanese investors became net sellers of foreign stocks in April for the first time in four months, as concerns over rising energy costs linked to the Iran war and broader inflation risks weighed on sentiment toward overseas equities. Data released by Japan’s Ministry of Finance on Wednesday showed that investors sold a net 636.4 billion… Continue reading Japan sells foreign stocks in April amid inflation worries
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Cipla Q4 profit misses estimates as US market competition weighs
Cipla, India’s third-largest drugmaker by revenue, reported weaker-than-expected fourth-quarter earnings on Wednesday as weak sales and intense competition in its key US market weighed on performance. The company’s consolidated net profit fell 54.6% year-on-year to 5.55 billion rupees ($58 million) for the quarter ended March 31. The earnings figure came in below analysts’ average estimate… Continue reading Cipla Q4 profit misses estimates as US market competition weighs
SoftBank’s OpenAI bet sparks $46 billion Vision Fund profit surge
Japanese technology investor SoftBank Group posted a sharp rise in quarterly profit on Wednesday as surging gains from its investment in OpenAI boosted the performance of its Vision Fund business. The company reported a net profit of 1.9 trillion yen ($12.05 billion) for the January-March quarter, compared with a profit of 517 billion yen in… Continue reading SoftBank’s OpenAI bet sparks $46 billion Vision Fund profit surge
Allianz reports strong Q1 growth driven by asset management, India deal
Germany’s Allianz on Wednesday reported a 52% rise in first-quarter net profit, supported by gains linked to the sale of stakes in its Indian joint ventures and strong performance in its property and casualty and asset management businesses. The insurer said it remained on track to achieve its full-year operating profit target despite weaker revenues… Continue reading Allianz reports strong Q1 growth driven by asset management, India deal
Nebius stock analysis: what next for this CoreWeave rival after earnings?
Nebius stock will be in the spotlight today as the European technology giant publishes its financial results, which are expected to show robust revenue and backlog growth. NBIS was trading at $129 on Tuesday, a few points below the all-time high of $197. Nebius stock in focus as it releases its financial results The neocloud… Continue reading Nebius stock analysis: what next for this CoreWeave rival after earnings?
Travel stocks under pressure as India signals push to curb overseas travel
Indian travel stocks came under pressure after Prime Minister Narendra Modi urged citizens to avoid unnecessary foreign travel, cut fuel consumption and defer gold jewellery purchases for a year, as the government sought to ease pressure on the rupee and contain rising import costs. The remarks, delivered on Sunday, were framed as a national appeal… Continue reading Travel stocks under pressure as India signals push to curb overseas travel
Asian stocks drop as inflation fears rise and Samsung leads Korea losses
Asian equities fell on Wednesday after a stronger-than-expected US inflation reading and stalled talks between Washington and Tehran undermined risk appetite, prompting investors to cut exposure to regional stocks and other growth-sensitive assets. South Korean shares led the decline, while Japan’s Nikkei and US equity futures also moved lower. The broader tone was risk-off across… Continue reading Asian stocks drop as inflation fears rise and Samsung leads Korea losses
What wiped $66 billion off Samsung’s market value in hours?
Samsung Electronics was expected to benefit from the AI boom, but is now facing a growing labor dispute. The world’s biggest memory-chip maker found itself at the center of a sharp investor selloff on Wednesday after wage talks with its South Korean union collapsed and the threat of an 18-day strike moved closer. Shares initially… Continue reading What wiped $66 billion off Samsung’s market value in hours?
Brent crude oil price forecast if Trump restarts the US-Iran war soon
Brent crude oil price was trading at $106 today, May 13, as investors waited for more details on the US-Iran war after President Donald Trump rejected Iran’s response to the US proposal. It was trading at $106.63, up from last week’s low of $96. What if the Iran-US war restarts? Brent crude oil price has… Continue reading Brent crude oil price forecast if Trump restarts the US-Iran war soon