By Ben Blanchard and Wen-Yee LeeTAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, said on Thursday that first-quarter revenue jumped 42%, slightly ahead of a market consensus, benefiting from the boom in artificial intelligence.Revenue for January-March came in at T$839.3 billion ($25.6 billion), Taiwan Semiconductor Manufacturing Co said in a brief statement. That was a tad higher ...
By Pesha Magid and Manya SainiRIYADH/DUBAI (Reuters) - Tesla (NASDAQ:TSLA) starts selling cars in Saudi Arabia on Thursday, a country where on a 900-kilometre (559 mile) stretch of its main east-west highway linking the capital Riyadh and the holy city of Mecca there isn’t a single charging station. Electric vehicle sales in the kingdom totalled just 2,000 last year, according to Telemetry analy ...
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday abruptly paused part of his tariff assault on global trading partners, dialing back duty rates on goods from many countries for 90 days to allow room to negotiate lower trade barriers, even as he hiked new tariffs on Chinese goods to 125%.The move, following a week of market turmoil that has wiped out trillions of dollars in stock val ...
Investing.com – Russia stocks were lower after the close on Wednesday, as losses in the Oil & Gas, Power and Mining sectors led shares lower.At the close in Moscow, the MOEX Russia Index fell 3.69% to hit a new 3-months low.The best performers of the session on the MOEX Russia Index were Aeroflot PJSC (MCX:AFLT), which rose 8.76% or 5.46 points to trade at 67.79 at the close. Meanwhile, MMC ...