Month: October 2024
Crude oil prices fall more than 4% as looming surplus overshadows Iran-Israel tensions
Crude oil futures fell more than 4% on Tuesday, as a looming global oil surplus next year overshadowed the risk of a supply disruption from the conflict between Israel and Iran. Oil prices spiked earlier this month after Iran hit Israel with a ballistic missile attack, raising fears that Israel would respond by targeting the […]
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European markets mixed as Germany’s DAX hits record high; Oil and gas stocks down 3%
Oil and gas stocks trade lower after IEA says oil market facing ‘sizeable surplus’ A pump jack in Midland, Texas, US, on Thursday, Oct. 3, 2024. Anthony Prieto | Bloomberg | Getty Images Oil and gas stocks were 3% lower at 9:45 a.m. in London, after the International Energy Agency said the oil market was […]
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Tokyo Metro’s IPO could drive momentum in the Japanese market as Chinese listings dry up
In Japan’s biggest initial public offering in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company’s regulatory filing on Tuesday. Miho Uranaka | Reuters Tokyo Metro’s initial public offering could drive momentum in the Japanese market and attract more companies into the […]
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Dutch government to reduce its stake in ABN Amro by a quarter
Jasper Juinen | Bloomberg | Getty Images The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan. Shares of the Dutch bank traded 1.2% lower at the market open and was last down 0.6% as of 9:15 a.m. London time. The […]
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This influencer was scammed out of thousands in crypto — and has a tip to help you avoid fraud
Carly Rowena, a 37-year-old fitness instructor, was tricked into sending £5 716.60 worth of digital assets to a scammer who promised her sizable returns on her crypto. Carly Rowena Carly Rowena, a British fitness and wellness influencer, is embarrassed as she recalls being duped into handing over £5,700 ($7,450) worth of cryptocurrency in a scam. […]
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North Korea blows up parts of inter-Korean road on its side of border, Seoul says
Smoke rises after North Korea blows up sections of inter-Korean roads on its side of the border between the two Koreas, according to South Korea’s military, as seen from the South Korean side, October 15, 2024, in this screen grab from a handout video. South Korean Defense Ministry North Korea has blown up sections of inter-Korean roads and rail lines on its side of the […]
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Ericsson shares jump 9% after third-quarter results beat estimates
Cristina Arias | Cover | Getty Images Shares of Swedish telecom firm Ericsson jumped 9% amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand. The company on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion Swedish crowns ($0.7 billion), compared with 3.9 billion Swedish crowns in the same […]
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CNBC Daily Open: The economy and inflation might stay strong
Shoppers make their way through the Miami Design District featuring stores from many luxury fashion names on December 14, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they […]
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From swimming cars to rectangular steering wheels, here’s what’s going on at the Paris auto show
A Peugeot Inception concept car at the Paris Motor Show on October 14, 2024. Riccardo Milani | Afp | Getty Images PARIS, France — Auto giants have descended on the Paris Motor Show to showcase their latest concepts and production models, jostling to capture the public’s attention with eye-catching designs and futuristic technologies. The biennial […]
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Xpeng president says Chinese EV firm remains committed to Europe despite pressure from tariffs
Chinese electric vehicle maker Xpeng remains committed to Europe for the long term despite pressure it faces from the European Union’s tariffs, according to a top company official. “Our plan for Europe is a very long term one,” Brian Gu, Xpeng’s vice chairman and co-president, told CNBC’s Charlotte Reed Monday at the Paris Motor Show. […]
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