Month: June 2022
China keeps lending benchmarks unchanged, wary of policy divergence risks
China kept its benchmark lending rates for corporate and household loans steady at itsJune fixing on Monday. Jiang Qiming | China News Service | Getty Images China stood pat on its benchmark lending rates for corporate and household loans, as expected, on Monday, with global central banks’ rate increases making it tough for Beijing to […]
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Macao’s Covid outbreak shuts most businesses and restaurants, but casinos stay open
Macao’s government relies on casinos for over 80% of its income, with most of the population employed directly or indirectly by the casino industry. Dragon For Real | Moment | Getty Images The world’s biggest gambling hub Macao began its second day of mass Covid-19 testing on Monday, with banks, schools, government services and other […]
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How these companies cracked the four-day work week
A growing number of businesses are embracing the four-day work week, which was considered radical just a few years ago. A growing number of businesses are embracing the four-day work week — and idea that was considered radical just a few years ago. The Covid-19 pandemic appears to have sped up the adoption of a […]
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Kevin O’Leary names 3 companies to invest in: These are ‘not going to zero’
It’s a tough year to be invested in stocks, with the stock market experiencing a seemingly never-ending cycle of gyrations. Major U.S. indexes fell last week, with the Dow Jones Industrial Average ending the week at 29,888.78 — just a day after it dipped below the key 30,000 level for the first time since January […]
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These low volatility, dividend-paying global stocks are beating the market — and could go higher
From multi-day losing streaks to overnight rallies, it has been a roller coaster ride for markets this year. For investors looking to ride out the unpredictability, CNBC PRO has screened for low-volatility stocks with income in the U.S. and beyond, that have outperformed the beaten-down market. Stocks ended last week lower as markets weighed the […]
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Asia-Pacific stocks mixed; China’s latest benchmark lending rate ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade, as investors look ahead to the release of China’s latest benchmark lending rate. The Nikkei 225 in Japan gained 0.58% in early trading while the Topix index climbed 0.45%. In South Korea, the Kospi also advanced 0.14%. Australia’s S&P/ASX 200 dipped fractionally. MSCI’s broadest index […]
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Jokowi says rising food prices are dangerous and puts developing nations like Indonesia at risk
Indonesian President Joko Widodo, here seen standing to the left of U.S. President Joe Biden during a summit meeting of Southeast Asian leaders at the White House in May, hinted that he may try to launch a peace initiative during his upcoming visit to Europe. Drew Angerer | Getty Images News | Getty Images Indonesia’s […]
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EU seeks to release Ukrainian grain stuck due to Russia’s sea blockade
Ears of wheat are seen in a field near the village of Zhovtneve, Ukraine. Valentyn Ogirenko | Reuters European Union foreign ministers will discuss ways to free millions of tonnes of grain stuck in Ukraine due to Russia’s Black Sea port blockade at a meeting in Luxembourg on Monday. Ukraine is one of the top […]
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Ukraine to restrict Russian books, music in latest cultural break from Moscow
Misha, 5, who lost his mother some weeks ago and got injured during a Russian strike, reads a book during his time in a basement at a hospital on March 26, 2022, in Mykolaiv. Bulent Kilic | AFP | Getty Images Ukraine’s parliament on Sunday voted through two laws that will place severe restrictions on […]
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Op-ed: Why China’s Xi Jinping’s damage control is all about heading off a crisis
For President Xi Jinping, dispatching his special envoy to Europe for a three-week charm tour was just one of many acts of high-stakes damage control ahead of the 20th Chinese Communist Party Congress this autumn. Xi’s economy is dangerously slowing, financing for his Belt and Road Initiative has tanked, his Zero Covid policy is flailing, […]
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