Month: January 2025
Structural weaknesses in the German economy must ‘absolutely’ be addressed, finance minister says
It is crucial that Germany embarks on a period of economic growth, the country’s finance minister Jörg Kukies told CNBC on Thursday, adding that structural weaknesses must be addressed. “We’ve just gotten revised down growth forecasts for the IMF again,” Kukies told CNBC’s Karen Tso and Steve Sedgwick at the World Economic forum in Davos. “The structural […]
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WEF live blog: President Trump set to address WEF as the world looks for policy clues
Our audience in Europe can watch a live stream of our Davos coverage above. LONDON — Welcome to CNBC’s live blog covering Day 4 of the World Economic Forum in Davos, Switzerland. We’ll bring you all the latest news, views and action from WEF throughout the day. The big event on Thursday will be President […]
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Crypto execs see clear path for U.S. to pass regulation this year as Trump fuels market hype
Davos WEF Crypto execs see clear path for U.S. to pass regulation this year as Trump fuels market hype Published Thu, Jan 23 20251:15 AM EST Ryan Browne@Ryan_Browne_ WATCH LIVE Source
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Share of U.S. companies in China looking to relocate hits a record high, survey finds
Key Points A record share of U.S. companies in China are accelerating plans to relocate manufacturing or sourcing, according to the American Chamber of Commerce in China. The increase — to 30% of respondents having considered or started such diversification in 2024 — surpassed the prior high of 24% in 2022, according to annual surveys […]
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Taiwan’s HTC to sell part of XR unit to Google for $250 million
An HTC Corp. smartphone is displayed inside an HTC store in Taipei, Taiwan. Bloomberg | Bloomberg | Getty Images Taiwan’s HTC said on Thursday it will sell part of its unit for extended reality (XR) headsets and glasses to Google for $250 million and transfer some of its employees to the U.S. company. The transaction is expected to close in the first quarter of […]
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He bought an abandoned tin mine in Phuket in 1984. Now, his hotel chain is worth over $200 million
Ho Kwon Ping is the co-founder and executive chairman of Banyan Group. Bloomberg | Bloomberg | Getty Images Growing up, Ho Kwon Ping didn’t think he’d become a businessman, let alone a hotel tycoon. “I had not always wanted to be an entrepreneur,” he told CNBC Make It. “It’s just that the few times where […]
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CNBC Daily Open: The S&P stages a comeback
The S&P 500 shook off the December doldrums to touch a new intraday high of 6,100.81 on Thursday. It’s also just a hair away from its all-time closing high. Source
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South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise […]
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SK Hynix fourth-quarter profit soars to a record high, beating expectations on AI boom
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix, one of the world’s largest memory chipmakers, posted record quarterly earnings […]
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Asia-Pacific markets open mixed as investors parse slew of economic data in the region
Aerial view of the capital city of Seoul in South Korea, seen at sunset. Tobiasjo | E+ | Getty Images Asia-Pacific markets opened mixed Thursday as investors assessed a slew of economic data in the region. Australia’s S&P/ASX 200 traded 0.42% lower at the open. Japan’s Nikkei 225 rose 0.38% at the open, while the […]
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