Some companies are saving millions of dollars by entering into interest-rate swaps as they confront the possibility it could be a while before the Federal Reserve cuts rates.
Xiaomi’s first-quarter net profit and revenue beat expectations, thanks to stronger sales from its smartphone and Internet-of-Things and lifestyle product segments.
South Korea is seeking to catch up with international rivals amid soaring demand for advanced chips to power artificial intelligence and other computing.
Gold futures fell 1.5% and MUFG’s year-end forecast of $2,350 an ounce now looks modest, but a correction downwards is expected with the metal now in overbought territory.
