#SouthKorean #economy #grew at the fastest pace in more than two years in the first quarter on robust exports, beating all estimates and fuelling #market expectations that the Bank of Korea would delay cutting interest #rates. Gross domestic product (#GDP) for the January-March quarter was 1.3% higher than the preceding three months on a seasonally […]

  #Singapore’s #Keppel (OTC:#KPELY) reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. #Netprofit from the both the segments improved year-on-year, the global asset manager said in a statement, without disclosing any profit value. It added that increased revenue from both the segments offset the weak performance from

  #IBM (NYSE:#IBM) posts mixed Q1 2024 results, announces #HashiCorp (NASDAQ:#HCP) acquisition deal; shares down IBM (IBM) has reported earnings that topped analysts’ expectations for the fiscal Q1 2024 and announced it has reached an agreement to acquire HashiCorp (#HCP) for $6.4 billion. Shares fell over 5% in after-hours trading. The company posted earnings per

   #MetaPlatforms reported Wednesday softer revenue guidance for the current quarter as the social media giant looks to ramp-up annual spending by more than previously expected to cash in on artificial intelligence boom.  For Q2, the company guided total revenue to be in the range of $36.5B to $39B, or $37.75B at the midpoint, missing

  S&P 500 eked out a gain Wednesday, as rising Treasury yields and weakness in industrials weighed, but a spike in #Tesla helped tech add to gains ahead of another round of earnings from big tech. At 16:00 ET (20:00 GMT), the S&P 500 rise 0.02%, the #NASDAQ Composite gained 0.1%, while the #DowJones Industrial

  #Germany is waging a charm offensive inside the Republican Party. #Japan is lining up its own #Trump whisperer. Mexican government officials are talking to Camp Trump. And Australia is busy making laws to help Trump-proof its U.S. defense ties. Everywhere, U.S. allies are taking steps to defend or advance their interests in the event

  #JoeBiden will sign a bill into law on Wednesday that provides #billions of #dollars of new aid to #Ukraine for its war with #Russia, a bipartisan victory for the #president as he seeks re-election and a boost to allies who have looked to #Washington to support Kiev. #Biden, a Democrat who is expected to

  #usadollar rebounded in early #Europeantrading Wednesday after the prior session’s selloff, with #traders keeping a wary eye on upcoming #economic data for further clues of the #FederalReserve’s future #monetary policy intentions. At 04:40 ET (08:40 GMT), #theDollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 105.695,

#Shares of #Texas #Instruments (NASDAQ:#TXN) surged over 7% in after-hours #trading Tuesday after the semiconductor #company posted better-than-expected earnings and revenue for the fiscal Q1 2024. The #chipmaker reported earnings per share (EPS) of $1.20, topping the consensus estimates of $1.07. Revenue for the quarter also beat projections, reaching $3.66 billion against a consensus estimate

#Indonesia’s #central #bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah #currency which has fallen to four-year lows on rising risk aversion and a delay in the expected timing of any #usapolicy easing. #BankIndonesia (BI) raised the 7-day reverse repurchase rate by 25 basis points (bps) to 6.25%, its