The International Monetary Fund (IMF) recently highlighted the urgent need to address the challenges faced by low-income countries dealing with unsustainable debt burdens. This comes after reports from both the IMF and the World Bank raised concerns about the economic difficulties and future prospects of these nations. Despite ongoing efforts to recover from the COVID-19
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As we approach April 19, 2024, investors are eagerly anticipating the quarterly earnings reports of major companies such as Procter & Gamble (PG), American Express (AXP), and Schlumberger (SLB). Procter & Gamble is expected to see a modest earnings increase of 3.65%, showing steady growth. American Express, on the other hand, projects a substantial 23.75%
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Recent reports confirming Israeli missile strikes in Iran have heightened tensions in the Middle East, causing a wave of risk-aversion across financial markets. Explosions were reported in central Isfahan airport, with the cause still unknown. Additionally, radar battalions in Syria were reportedly hit, alongside speculations of warplane activity in Iraq. The S&P 500 futures slid
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On a recent Friday, a wave of risk aversion swept over the currency markets due to reports of explosions in Iran and concerns over the Israeli-Hamas conflict in the Middle East. This led to a sharp decline in the Australian and New Zealand dollars, while the Japanese yen saw an uptick as investors sought safe-haven
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Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations in the first quarter of this year, thanks to the strong demand for advanced chips, especially those used in AI applications. The net revenue reported was 592.64 billion New Taiwan dollars ($18.87 billion), surpassing the expected NT$582.94 billion. Moreover, the net income was NT$225.49 billion,
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The USD/JPY pair continues to decline as the US Dollar correction exerts pressure on the pair. During the Asian trading hours on Thursday, the pair was seen trading around 154.30, marking its second successive session of losses. The decline in the US Dollar is primarily responsible for the downward trend in the USD/JPY pair. Japan’s
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