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ExxonMobil is bracing for a dip in first-quarter earnings, primarily due to a substantial financial hedging loss that is likely to eclipse the benefits of rising oil prices linked to the ongoing Iran conflict. However, as derivative contracts come to fruition, the company expects improved profitability in subsequent quarters.
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Trump’s two-week ceasefire announcement boosted Nifty and global markets, with strong gains across banking, auto, and energy sectors. Technical indicators signal continued bullish momentum, while investors remain cautious of geopolitical risks.
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Eramet’s main shareholders including the Duval family have reaffirmed support for a capital increase by the mining group, ‌a spokesperson said ⁠on ⁠Wednesday, playing down news that the Duvals had hired a bank to advise them on their options.
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Pakistan’s stock market surged sharply after a temporary ceasefire between the United States and Iran eased tensions. The rally triggered a trading halt amid volatility, reversing earlier losses, as improved sentiment and hopes of diplomatic progress lifted investor confidence.
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Delta Air Lines on Wednesday forecast second-quarter profit ​below expectations and said it would pull all planned capacity growth from the June quarter as soaring jet fuel prices driven by the Iran war squeeze margins.
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Levi Strauss’ shares jumped about 10% on ​Wednesday as investors cheered its strongest quarterly ​revenue growth in nearly four years, with confidence growing in the denim ​maker’s ability to stave off tariff hits with more full-price sales.
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Indian bond yields ended nearly 0.15 per cent lower on Wednesday, taking comfort from the conditional ceasefire in the West Asia conflict, and Reserve Bank of India (RBI) maintaining the status quo on policy rate.
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Lab equipment maker Waters said ​on Wednesday the ​U.S. Food and Drug Administration ​has cleared its at-home cervical cancer screening kit for use with an approved HPV test, potentially improving early detection ‌and reducing deaths ⁠from ⁠the cancer.
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Nifty surged on US President Trump’s two-week pause, supported by banks, auto, and energy sectors. Analysts recommend Hindustan Copper and Hindustan Petroleum for short-term gains with defined stop-loss strategies.
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Delhivery saw heavy institutional activity with BNP Paribas, SBI and Nippon India Mutual Funds buying shares worth over Rs 500 crore. Nexus Ventures sold stakes, while stock gained 4.2%, outperforming market benchmarks
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