Trump says India PM Modi assured him of no more Russian oil buying

TSMC has raised its profit outlook, signaling strong performance amid ongoing trade tensions between the US and China, as highlighted by Trump's recent comments. This is significant as it reflects resilience in the semiconductor industry, which is crucial for global technology supply chains. Investors will be keen to see how these developments impact market dynamics, especially with insights from industry leaders like Karl Havard and Arsalan Tavakoli-Shiraji.

India's tax authorities have conducted a raid on the offices of Graviton Research Capital LLP, highlighting the government's increasing scrutiny of trading firms. This move is significant as it reflects a broader effort to ensure compliance and transparency in the financial sector, which could impact investor confidence and the operational landscape for trading firms in the country.

Oil prices have seen a 1% increase following former President Trump's announcement that India has pledged to halt its purchases from Russia. This development is significant as it reflects shifting geopolitical alliances and could impact global oil supply dynamics, potentially benefiting other oil-producing nations and stabilizing prices in the market.

Pernod Ricard has reported a 7.6% decline in sales for the first quarter, primarily driven by weaker demand in key markets like the U.S., China, and India. This downturn is significant as it highlights the challenges the company faces in maintaining growth amidst changing consumer preferences and economic pressures. Investors and industry analysts will be closely watching how Pernod Ricard adapts its strategies to recover in these crucial markets.

In a surprising twist, LG Electronics India's recent IPO has proven to be more profitable for bankers than Tata Capital's larger offering, which was the biggest in India this year. This highlights the dynamic nature of the IPO market and suggests that size doesn't always equate to profitability for financial institutions. The success of LG's deal could indicate a shift in investor interest and market strategies, making it a noteworthy development for both companies and the banking sector.

The Swiss Army Knife maker is exploring new tools and strategies to mitigate the impact of tariffs imposed by the Trump administration. This move is significant as it highlights the ongoing challenges faced by manufacturers in adapting to changing trade policies, which can affect pricing and availability of products. By innovating and adjusting their approach, the company aims to maintain its market position and continue providing quality products to consumers.

Maroun Kairouz from the World Economic Forum highlights a shift in global politics towards 'sovereignty first' as countries increasingly focus on internal matters. This comes amid escalating trade tensions between the US and China, with President Trump asserting that tariffs are essential to protect the US economy. The upcoming leaders' meeting in South Korea could be pivotal, as both nations prepare to negotiate their positions. This trend matters because it reflects a broader change in international relations, where countries prioritize their own interests over global cooperation.

Indian refiners are poised to reduce their imports of Russian oil following comments from President Donald Trump, who indicated that Prime Minister Narendra Modi had agreed to halt these purchases. This shift could significantly impact the energy market, as India has been a key buyer of Russian crude. The situation highlights the complexities of international relations and energy dependencies, especially in light of geopolitical tensions.

India's market regulator has accused a group of connected traders of engaging in insider trading by using unpublished information to make bets against the Indian Energy Exchange Ltd. through equity derivatives. This allegation highlights the ongoing efforts by authorities to combat insider trading, which undermines market integrity and investor confidence.

In a recent statement, President Trump announced that Indian Prime Minister Modi has agreed to halt the purchase of Russian oil, describing it as a significant step. However, this claim has not yet been confirmed by officials in Delhi, leaving some uncertainty about the actual agreement. This development is crucial as it could impact global oil markets and geopolitical relations, particularly in the context of ongoing tensions surrounding Russia.

President Trump is considering the sale of US Tomahawk missiles to Ukraine, a long-range weapon that could potentially reach Moscow. This move could significantly alter the dynamics of the ongoing conflict, as it would enhance Ukraine's military capabilities. The discussion around this arms deal highlights the US's commitment to supporting Ukraine amid rising tensions in the region.

A recent investigation reveals how Donald Trump and his family have successfully built a $1 billion empire in the cryptocurrency sector, largely benefiting from the administration's favorable policies towards digital assets. This growth not only highlights the potential of cryptocurrencies but also raises questions about the intersection of politics and business, making it a significant topic for both investors and policymakers.

Amazon has launched a fantastic deal on its assembly-free cloud sofa, originally priced at $400, now available for just $270. This stylish and comfortable couch, which boasts a perfect 5-star rating, comes in three beautiful colors, making it an attractive option for anyone looking to upgrade their living space. This sale not only highlights the quality of the product but also offers consumers a great opportunity to enhance their home decor without breaking the bank.

A recent survey by the Bank of England indicates that credit availability is on the rise in the UK, which is a positive sign for both consumers and businesses. This increase in credit can stimulate economic growth, allowing individuals to make significant purchases and companies to invest in expansion. As the economy continues to recover, this trend could lead to more job creation and improved financial stability for many.

Portugal's electricity regulator has proposed a 1% increase in tariffs for 2026, a move that could impact consumers and businesses alike. This adjustment is part of ongoing efforts to balance energy costs and ensure the sustainability of the electricity market. While the increase is modest, it highlights the challenges faced in the energy sector and the need for regulatory measures to maintain service quality.

JPMorgan has initiated coverage of Wacom with an Overweight rating, highlighting the company's improved profitability. This is significant as it reflects confidence in Wacom's financial health and growth potential, which could attract more investors and positively impact the stock market.

JPMorgan has upgraded Jumbo Interactive's stock rating to Overweight, highlighting the company's successful diversification strategy. This move is significant as it reflects confidence in Jumbo's ability to navigate market challenges and capitalize on new opportunities, potentially leading to increased investor interest and stock performance.

Goldman Sachs has initiated coverage of Chrysos Corporation with a 'Buy' rating, highlighting the company's innovative PhotonAssay technology as a key driver for growth. This endorsement is significant as it reflects confidence in Chrysos's potential to revolutionize gold analysis in the mining sector, which could lead to increased investor interest and market performance.