World News Feed

Wall Street’s AI Winner Hunt Leads to Seasoning Maker

The beneficiaries of the artificial intelligence buildout are spreading far beyond technology high-flyers. Laura Lau found one in seasoning maker Ajinomoto Co.

Activist Ancora Pushes H.B. Fuller to Drop Bid for UK’s AMS

Activist investor Ancora Holdings Group is pushing US adhesives maker H.B. Fuller Co. to abandon a proposed takeover of UK-based Advanced Medical Solutions Group Plc.

Emerging Currencies Slide as Iran War ‘Confusion’ Jolts Markets

Most emerging-market currencies weakened on Tuesday as overnight clashes near the Strait of Hormuz offset signs of progress toward a US-Iran peace deal, even as …

Taiwan Overtakes India in Stock Market Value (Video)

Momentum Stocks Have Never Outperformed Like This Before

Buying the market’s winners is paying off — for now.

European Stocks End Six-Day Winning Run; BP Falls as Chair Fired

A six-day rally in European stocks stalled on Tuesday, as Brent crude rebounded on reports of fresh clashes between Iranian and US forces in the …

Australian LNG Union Cancels Ichthys Strike as Talks Progress

Workers at Inpex Corp.’s Ichthys liquefied natural gas export project in Australia will not strike as planned on Wednesday and Thursday.

Aluminum Hits Four-Year High on Fears of China Output Cuts

Aluminum jumped to a four-year high as fears of output cuts in top producer China compounded continuing disruptions in the Middle East.

Yuan May Hit Five Per Dollar on Carry-Trade Exit, Macquarie Says

China’s onshore currency may strengthen to as much as five yuan per dollar if local firms unwind a massive buildup of greenback holdings, triggering a …

ASX Drops Most Since 2012 After Revising Up Costs on Tech Revamp

ASX Ltd. shares tumbled the most in more than a decade after the embattled exchange operator increased its capital spending guidance as it upgrades critical …

Taiwan Overtakes India as World's Fifth-Largest Stock Market

Taiwan overtook India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co.

Treasuries Gain in Catch-Up Trade as Trump Sees Progress on Iran

Treasuries rose across the curve after a holiday on optimism over a potential US-Iran deal that could ease inflation concerns, even as tensions in the …

Gold Declines as Gulf Strikes Cloud Interest Rate Outlook

Gold fell as military strikes in the Persian Gulf dimmed hopes for a US-Iran peace deal and reinforced concerns that persistent inflation could keep interest …

Stocks Rise Toward Record as Iran Peace Hopes Hold: Markets Wrap

Wall Street kicked off the holiday-shortened week with stocks joining bonds higher as hopes for a peace deal between the US and Iran overshadowed military …

Oil Rises as US-Iran Clashes Muddy Outlook for Peace Deal

Oil rebounded as fresh clashes between the US and Iran clouded the outlook for an interim deal to reopen the vital Strait of Hormuz.

Hungary Sees May 28 Deal With EU on Frozen Funds, PM Magyar …

Hungarian Prime Minister Peter Magyar said he’ll sign a political accord with the head of the European Union’s executive on May 28 on the release …

Vigilant ECB Hasn’t Yet Seen Second-Round Effects, Villeroy Says

A spike in energy costs hasn’t yet turned into second-round effects in other parts of the euro-area economy, according to outgoing European Central Bank Governing …

Cox Group Took 20% Bridge Loan for Iberdrola Mexico Deal

Spanish utility Cox ABG Group SA took a bridge loan to help fund a $4.2 billion asset acquisition in Mexico and placed shares as collateral.

Czech Premier Urges Interest Rate Cut as Inflation Risks Grow

The Czech Republic’s prime minister urged the central bank to cut interest rates, doubling down on his push for lower borrowing costs even as the …

China Aluminum Market Braces for Launch of Guinea Export Curbs

China’s aluminum industry is preparing for significant disruption to its raw materials supplies after Guinea, the world’s biggest bauxite producer, said it’s finalizing plans to …

Nigeria’s First Quarter GDP Eases on Slowdown in Oil Sector

Nigeria’s economy grew at a slower-than-expected pace in the first quarter as growth in both its oil and non-oil sectors eased.

Top Africa Bourse to Tighten Algo-Trading, Market-Access Rules

Africa’s biggest stock-exchange operator is working to tighten oversight of how brokers and trading firms access the bourse to lessen the risk of rogue algorithms …

Iran War Squeezes India’s Gas Power Supply as Demand Hits Record

India’s gas power generation has plunged to the lowest level in at least six years, with the Iran war hitting fuel shipments, straining electricity supplies …

Swiss Trader Had Lucrative Role Getting Iraqi Oil Through Hormuz

A little-known Swiss trading company played a key role in the transit through the Strait of Hormuz of an oil supertanker whose stop-start journey captivated …