Asian stocks gave up early gains to end mostly lower on Thursday after two consecutive days of gains on hopes for a de-escalation in the U.S.-Iran conflict.Uncertainty lingered on the status of Middle East peace talks as Iran dismissed an American plan to pause the war, insisting that it will only occur on Tehran's own terms and timeline.As the war drags on, governments across Asia have shifted in...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.