Month: November 2024
CNBC Daily Open: Trump kicked off the market rally, but he could also halt it
A trader wears a hat in support of Republican Donald Trump, after he won the U.S. presidential election, at the New York Stock Exchange (NYSE) in New York City, U.S., November 6, 2024. Andrew Kelly | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up […]
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Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
Donald Trump’s victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. While the U.S. bilateral trade deficit with China has decreased somewhat since the Trump administration, deficits with other Asian exporters have risen […]
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China’s push for more babies as demographic crisis deepens lacks real incentives, analysts say
A medical worker is taking care of newborns at Dongfang Hospital in Lianyungang, China, on January 1, 2024. Costfoto | Nurphoto | Getty Images China’s efforts to bolster birth rates have yet to address the core reasons for their rapid decline, according to analysts. Even though the country started easing its stringent one-child policy nearly […]
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The multibillion-dollar battle to host an F1 race is heating up
Who will win a 2026 Grand Prix? Four circuits are vying for contract extensions, Thailand and South Korea have both submitted bids, while India, Rwanda, and numerous other countries are reported to be developing the infrastructure to secure a slot on the F1 calendar. The competition is so fierce that these bids often transcend sport. […]
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Singapore Airlines shares fall 6% as profit nearly halves amid intensifying competition
An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images Shares of Singapore Airlines dropped after the city-state’s flag carrier reported a fall of almost 50% in net profit for its first half April […]
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Singapore’s DBS eyes Malaysian bank stakes in expansion push, Reuters reports
DBS Group Holdings in the central business district of Singapore. Nicky Loh | Bloomberg | Getty Images Singapore’s biggest lender DBS Group Holdings Ltd is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbor, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore state investor Temasek’s 29.1% stake in Alliance Bank Malaysia […]
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CNBC Daily Open: Trump supercharged the markets, but his policies could make the rally sputter out
Trader Walter Lundon shows off his shirt featuring US President-elect Donald Trump, on the floor of the New York Stock Exchange (NYSE) in New York City on November 6, 2024. Timothy A. Clary | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors […]
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Asia-Pacific markets poised to fall after China reports lower-than-expected inflation rate
Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty Images Asia-Pacific markets were set to fall Monday after China’s October inflation numbers came in lower than expected, prompting concerns over the recovery in the world’s second-largest economy. The country’s inflation rate declined to […]
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Temperatures cool in Japan, but inbound travel shows little signs of slowing down
Temperatures are cooling in Japan, but interest in visiting shows no signs of abating, as autumn arrivals continue to outpace pre-pandemic levels. The country welcomed 2.93 million foreign visitors in August, followed by another 2.87 million visitors in September — well above the 2.52 million and 2.27 million who arrived during those same months in […]
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S&P 500 futures are little changed following broad index’s best week of the year: Live updates
Traders work on the floor of the New York Stock Exchange during the morning trading on Nov. 7, 2024. Michael M. Santiago | Getty Images Stock futures are near flat Sunday night as Wall Street looks to what’s next after a post-election rally propelled the market to record highs. Futures tied to the Dow Jones […]
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