logo
Taiwan Exports Growth Nears 15-Year High Amid Tariff Uncertainty

Taiwan Exports Growth Nears 15-Year High Amid Tariff Uncertainty

Taiwan's exports resilience was on full display in May, growing at the fastest pace in nearly 15 years on likely frontloading as tariff uncertainty continues.
Shipments of goods rose 38.6% last month from a year earlier, beating market expectations thanks in part to a surge in exports to the U.S., official figures showed Monday. That was just above the peaks seen during the post-Covid reopening boom in 2021, and the strongest print since July 2010, according to data from LSEG.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why China Can Afford to Wait for a Deal, and the US Can't
Why China Can Afford to Wait for a Deal, and the US Can't

Bloomberg

time41 minutes ago

  • Bloomberg

Why China Can Afford to Wait for a Deal, and the US Can't

Subscribe to Trumponomics on Apple Podcasts Subscribe to Trumponomics on Spotify On this episode of Trumponomics, host Stephanie Flanders, Bloomberg's Head of Government and Economics, leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go. While the more upbeat tone that's emerged from the London talks has reassured some investors, panelist Robin Xing, Chief China Economist at Morgan Stanley, says the negotiations were less ambitious than Beijing had hoped. 'China wanted a grand bargaining deal, covering not just tariffs but geopolitical issues,' says Xing. 'That's not going to be easy, so you may see continued uncertainty.'

Oracle shares climb 8% as earnings, revenue top estimates
Oracle shares climb 8% as earnings, revenue top estimates

CNBC

timean hour ago

  • CNBC

Oracle shares climb 8% as earnings, revenue top estimates

Oracle shares rose about 8% in extended trading on Wednesday after the software maker reported results that exceeded Wall Street estimates and signaled that cloud growth is accelerating. Here's how the company did in comparison with LSEG consensus: Revenue increased 11% during the fiscal fourth quarter, which ended on May 31, according to a statement. Net income rose to $3.43 billion, or $1.19 per share, from $3.14 billion, or $1.11 per share, in the same quarter last year. CEO Safra Catz said in the statement that cloud infrastructure revenue will increase by more than 70% in the 2026 fiscal year, up from growth of 52% in the quarter. The company said revenue from cloud services and license support totaled $11.7 billion, topping the $11.59 billion consensus from analysts polled by StreetAccount. Cloud and on-premises license revenue of $2.01 billion was above StreetAccount's $1.82 billion consensus. During the quarter, Oracle announced a partnership with Cleveland Clinic and G42, the United Arab Emirates' artificial intelligence holding company, on an AI delivery platform for health care. Oracle also announced cloud and consulting commitments with IBM. And SoftBank said it would acquire Oracle-backed chip design startup Ampere for $6.5 billion. As of Wednesday's close, Oracle shares were up 6% for the year, while the S&P 500 index was up 2%. Executives will issue guidance and discuss the results with analysts on a conference call starting at 5 p.m. ET.

Japan's Jera Finalizes 20-Year LNG Agreements With US Suppliers
Japan's Jera Finalizes 20-Year LNG Agreements With US Suppliers

Bloomberg

timean hour ago

  • Bloomberg

Japan's Jera Finalizes 20-Year LNG Agreements With US Suppliers

Jera Co., Japan's largest power generation company, has reached agreements to buy as much as 5.5 million tons per year of liquefied natural gas from US suppliers. The 20-year deals include purchases by Jera from NextDecade Corp. and Commonweath LNG LLC, Chief Executive Officer Yukio Kani said in an interview. The company has also entered into non-binding agreements with Sempra Infrastructure LLC and Cheniere Marketing LLC.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store