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The Latest Breaking News from LSEG

Chinese banks set for $41 million payday from chipmaker's $8.6 billion IPO

Six Chinese investment banks will earn at least $41 million from CXMT's IPO. This significant payout boosts the industry's income pool, which has shrunk recently. The IPO continues a revival of the onshore market as the government lowers barriers. CXMT's fee rate is well below the market average, showing its…

The Economic Times

Morgan Stanley beats profit estimates on dealmaking boost, strong trading

Morgan Stanley has showcased an impressive performance for the second quarter, surpassing Wall Street's earnings expectations. The surge in mergers and acquisitions has notably enhanced the investment bank's advisory revenues, while record trading profits emerged amid ongoing market fluctuations. Additionally, advancements in wealth management have played a pivotal role in…

The Economic Times

Goldman Sachs profit tops estimates on trading boom, corporate deal spree

Goldman Sachs has reported robust profits for the second quarter, surpassing analysts' predictions. The firm's equities revenue soared to unprecedented levels, fueled by both fluctuating markets and active deal-making. Investment banking fees also experienced a notable increase, thanks to major transactions and advisory engagements. Additionally, the bank's asset and wealth…

The Economic Times

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US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop

Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional…

The Economic Times

TSMC posts record revenue in second quarter on AI demand

Revenue in the second quarter rose 36% from a year earlier to a record high on surging interest in artificial intelligence applications. On its last earnings call in April, the company predicted second-quarter revenue of between $39 billion and $40.2 billion. Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier…

The Economic Times

Strait of Hormuz closed again? Check latest status as Donald Trump declares US-Iran war ceasefire collapsed

Iran war news update: Strait of Hormuz The strategic shipping route remains a flashpoint in the conflict, which began in late February with massive US-Israeli strikes on Iran.

The Economic Times

LNG tanker at risk of exploding after two vessels struck near Strait of Hormuz

The Al Rekayyat, loaded with liquefied natural gas, sent out distress signals seeking assistance after it was hit on its port side, one of the sources said. Another source briefed on the matter said the vessel was at risk of exploding due to a fire in its engine room. The…

The Economic Times

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Global Market: China Resources New Energy shares soar on Shenzhen debut after $3.6 billion IPO

China Resources New Energy's stock soared nearly threefold on its Shenzhen debut, raising a massive 24.5 billion yuan in Asia's largest IPO this year. This strong performance, despite a weaker broader market, signals growing investor confidence and Beijing's push to revitalize domestic capital markets. The renewable energy firm's successful listing,…

The Economic Times

Global Market: M&A hits record $2.8 trillion in H1 2026 as mega-deals dominate activity

Global M&A activity hit a record Rs 2.8 trillion in the first half of 2026, driven by a surge in mega-deals above $10 billion. Supportive financing, easing regulatory conditions and strong interest in AI and technology helped fuel dealmaking, while cross-border transactions and corporate restructuring also gathered pace.

The Economic Times

Russia turns to India for gasoline as fuel shortages deepen after Ukrainian strikes

The Kremlin said on Tuesday that it was in discussions with several countries about importing fuel at acceptable prices. One industry source said India has already shipped at least 60,000 metric tonnes of gasoline to Russia. Another source said two cargoes, each carrying between 30,000 and 40,000 tonnes, have been…

The Times of India

European markets ride oil tailwinds, but can they challenge Wall Street’s tech supremacy?

European equities are rallying as lower crude prices following the Iran ceasefire improve the region’s near-term outlook, easing inflation and boosting corporate margins. While the STOXX 600 has hit record highs, investors remain unconvinced that the gains will trigger a lasting shift away from Wall Street, where AI-driven earnings growth…

The Economic Times

India's Russian oil imports to hit record high in June, data shows

India's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to refiners seeking Russian barrels to offset potential supply disruptions from the Strait of Hormuz. Russian oil now constitutes over half of India's total crude imports, significantly increasing its…

The Economic Times

Chinese AI, chip firms are driving an onshore IPO rebound

China's tech IPOs are experiencing their strongest year since 2023, driven by Beijing's push for self-reliance in chip and AI sectors amid US rivalry. Over $3.1 billion has been raised by tech firms this year, with nearly 50 companies seeking listings. This surge offers crucial exit opportunities for investors and…

The Economic Times

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

The Economic Times

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The Economic Times

US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook

Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech's AI spending concerns, the Dow edged higher. Investors reacted to fresh economic data showing rising inflation and a robust GDP growth. Despite strong earnings from chipmakers like Micron, worries about the Federal…

The Economic Times

LSEG slowly sheds 'AI risk' tag with drive to show growth

LSEG shares tumbled nearly 13% in one day in February as worries about the threat posed by large language artificial intelligence models like Anthropic's Claude triggered a sharp selloff in software stocks.

The Economic Times

Oracle's AI spending blows past estimates, raising worries over growing debt

Oracle, which has major deals to build data centers for customers such as Meta Platforms and OpenAI, is working to ‌position itself as a ⁠major rival ⁠to cloud leaders such as Amazon. com and Microsoft.

The Economic Times

Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs

After more than a decade, Bitcoin finds itself in a downturn unlike any spring we've seen before. Its value has plummeted as AI stocks surge, and with fresh market listings on the horizon, investors are reallocating their resources. Many are choosing to withdraw from Bitcoin ETFs, shifting their focus to…

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The Economic Times

Bitcoin soon to become a thing of the past? What is wrong with world's largest cryptocurrency which hit record highs above $125,000 a few months back?

Bitcoin price is around 40 per cent lower than where it was when U.S. President Donald Trump took office in January 2025, having vowed to make the U.S. the crypto capital of the world.

The Economic Times

Global firms exploit India's IPO boom to take profits back to home countries

Foreign companies are listing their Indian units to send billions of dollars back home. These are mostly secondary offerings, not for raising new funds. This trend is driven by high stock valuations in India. This is causing significant capital outflows and impacting the Indian rupee. While some officials express concern,…

The Economic Times

Dell rallies about 40% on strong Nvidia‑powered AI server demand

The AI server and enterprise infrastructure supplier is set to add more than $81 billion in market value ‌at the ⁠current share ⁠price of $442.70, if gains hold.

The Economic Times

Three oil, LNG tankers exit Hormuz with transponders off

Two supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying crude oil and naphtha, are heading to ports in China and India, despite overall limited traffic through the key waterway. The ongoing conflict has significantly impacted shipping in…

Bangkok Post

Vessels carrying Mideast oil, LNG exit Hormuz for Pakistan, China

SINGAPORE - Two ‌liquefied natural gas tankers were exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.

The Economic Times

Iran war: Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, China

Iran war news: An LNG tanker, Fuwairit, is exiting the Strait of Hormuz for Pakistan. A supertanker, Eagle Verona, carrying Iraqi crude for China, has also left the Gulf. Shipping through the Strait of Hormuz is significantly reduced due to the U.S.-Israeli war on Iran. These vessels are among a…

The Economic Times

Nvidia stocks jump in pre-trading as CEO Jensen Huang reveals inside information for investors. Details here

Nvidia expects revenue of $91 billion, plus or minus 2 per cent, compared with estimates of $86.84 billion, according to data compiled by LSEG.

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