Month: November 2024
UK transport minister quits in new blow to PM Starmer
Louise Haigh, U.K. transport secretary, arrives for a pre-budget cabinet meeting in London on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty Images Britain’s transport minister Louise Haigh has resigned after pleading guilty years ago to an offence in connection with misleading police over a work mobile phone, in another blow to Prime Minister […]
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Europe markets expected to open mixed as investors await euro zone inflation data
European stocks are expected to open in mixed territory on Friday, with investors awaiting the release of euro zone inflation data. The U.K.’s FTSE 100 index is expected to open 7 points higher at 8,285, Germany’s DAX down 13 points at 19,408, France’s CAC down 5 points at 7,173 and Italy’s FTSE MIB down 48 […]
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CNBC Daily Open: Bitcoin dances close to $100,000 — but strategists are divided on its prospects
A bitcoin exchange advertisement truck in Hong Kong on Nov. 27, 2024. Mladen Antonov | Afp | 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 need to know, no matter where they are. Like what you see? You […]
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South Korea’s largest K-pop agency loses $423 million in value as girl group NewJeans set to part ways
SEOUL, SOUTH KOREA – NOVEMBER 28: Haerin, Danielle, Hanni, Minji and Hyein of girl group NewJeans attend the press conference on November 28, 2024 in Seoul, South Korea. K-pop girl group NewJeans hold a press conference an announcement on the termination of their contract with their agency Ador. Chung Sung-jun | Getty Images Entertainment | […]
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China’s home prices set to stabilize by 2026 after slower declines next year, Reuters poll shows
Pictured here is a construction site of property developer Hongkong Land, in Shanghai on Nov. 4, 2024. Feature China | Future Publishing | Getty Images China’s home prices are expected to fall at a slower pace this year and next, and stabilize in 2026, a Reuters poll showed, as a slew of support measures to […]
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7 global stocks to buy before the year-end, according to the pros
As investors prepare their portfolios for 2025, two Wall Street banks have identified European stocks they believe offer significant growth potential despite market uncertainties. Morgan Stanley downgraded European equities to neutral earlier this year, and now say it’s a “stock picker’s market” as equities on the continent have begun to diverge from each other in […]
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CNBC Daily Open: Bitcoin dances close to $100,000 — and strategists are split on its ascent
People walk past the entrance of a cryptocurrency exchange office on November 08, 2024 in Istanbul, Turkey. Chris Mcgrath | 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 need to know, no matter where […]
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Chinese ships gather near island disputed with Philippines, satellite images show
The 46th fleet of the Chinese People’s Liberation Army Navy sets sail from a military port in Zhanjiang, south China’s Guangdong Province, Feb. 21, 2024. Xinhua News Agency | Xinhua News Agency | Getty Images Satellite images obtained by Reuters on Thursday show a build-up of Chinese civilian vessels near contested Thitu Island, Manila’s key […]
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Asia markets to open mostly lower as traders assess Tokyo inflation, South Korea manufacturing data
People crossing street in Tokyo’s busy Akihabara downtown area Leopatrizi | Istock | Getty Images Asia-Pacific markets were set to start Friday largely lower with investors assessing November inflation numbers from Japan’s capital of Tokyo and industrial production figures from South Korea. The headline inflation rate in Tokyo came in at 2.6%, a rebound from […]
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How to ‘tariff-hedge’ your European portfolio, according to TS Lombard
As Europe faces the prospect of tariffs on its exports to the United States, TS Lombard has advised investors in the region on how to “tariff-hedge” their portfolios. U.S. President-elect Donald Trump warned ahead of his election win that he would introduce a blanket tariff of up to 20% on all imports . This week […]
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