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News illustration of oil prices surging after Trump rejects Iran peace plan, with market turmoil in India and US-Iran tensions.
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Oil prices surge as Trump rejects Iran peace plan

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Oil prices climbed sharply after Donald Trump rejected Iran's peace plan, sending ripples through global markets. The rupee hit a record low and equities slumped in India amid the developments. This follows last week's US-Iran exchange of fire that shattered a fragile ceasefire.

South Korean chipmakers Samsung and SK Hynix reported combined profits of $59.7 billion for the March 2026 quarter. The figure tops the aggregate earnings of all listed Indian companies in any previous quarter. Strong demand for memory chips tied to artificial intelligence drove the results.

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Karl-Ludwig Kley ends his nine-year tenure as Lufthansa supervisory board chair on Tuesday. Shareholders are set to elect former Eon chief Johannes Teyssen to the board at the annual meeting.

Ceva, Inc. conducted its first quarter 2026 earnings conference call on May 11, 2026. Executives reviewed business performance and highlighted key financial measures during the event.

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India's market regulator is proposing changes to speed up fundraising for alternative investment funds. A new green channel would allow certain schemes to launch immediately while waiting periods for regular schemes would be reduced.

Hims & Hers Health posted a revenue miss in the first quarter amid margin pressures.

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A new Ifop-Fiducial survey shows 82 percent of very small business leaders are concerned about the impact of the war in Iran and other global crises on their operations.

 

 

 

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