Month: February 2025
European markets set to open lower after reaching record high
European markets are set to climb down from record highs when trading resumes on Friday, as corporate earnings, monetary policy and key U.S. jobs data remain in focus. London’s FTSE 100 is expected to open 24 points lower at 8,712 points, according to IG. The German DAX index is slated to open 17 points lower […]
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CNBC Daily Open: Global central banks are lowering rates — the Fed might not be as inclined
The Reserve Bank of India logo outside its headquarters in Mumbai on Feb. 7, 2025. Indranil Mukherjee | Afp | Getty Images On Friday, the Reserve Bank of India trimmed its repo rate by 25 basis points. A day prior, the Bank of England lowered interest rates by 25 basis points, following the European Central […]
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Trump administration sued by government workers over cuts to USAID
The flag of the United States Agency for International Development (USAID) outside its headquarters in Washington, D.C., on Feb. 5, 2025. Mandel Ngan | AFP | Getty Images The largest U.S. government workers’ union and an association of foreign service workers sued the Trump administration on Thursday in an effort to reverse its aggressive dismantling of the U.S. Agency for International Development. The lawsuit, filed […]
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Look to India, Japan for ‘quality alpha’ amid market uncertainty, investor says
An employee counts Indian currency notes at a cash counter inside a bank in Kolkata. Rupak De Chowdhuri | Reuters Investors searching for “quality alpha” in Asia over the next six to nine months should look to India and Japan given the uncertainty in China, according to Lincoln Pan, partner and co-head of private equity at the Asia-focused […]
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Russia’s Baltic neighbors are breaking away from its power grid — and they’re braced for retaliation
Heavy snow in Tallinn, Estonia Karl Hendon | Moment | Getty Images The Baltic countries of Lithuania, Latvia, and Estonia are bracing themselves for possible sabotage and cyberattacks this weekend as they complete their long-awaited decoupling from Russia’s power grid. The Baltic states are due to fully disconnect from the Moscow-controlled “BRELL” energy network on […]
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Singapore’s 10-fold rise in family offices is driving a philanthropy boom
Charitable giving from foundations and family offices in Singapore is funding educational, healthcare and poverty projects in the region and beyond. Roslan Rahman | Afp | Getty Images A presence of more Bentleys and Porsches on the roads is just one sign of the number of wealthy individuals, and their private investment companies, that have […]
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K-pop group NewJeans changes name to NJZ, announces March performance dates amid contract dispute
Newjeans attends the SBS Music Awards 2024 red carpet event at Inspire Arena on Dec 25, 2024 in Incheon, South Korea. The Chosunilbo Jns | Imazins | Getty Images South Korean girl group NewJeans announced today that it will be performing in March under its new name NJZ, amid an ongoing legal dispute with the […]
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India cuts policy rate for the first time in nearly five years, new central bank governor Malhotra says
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India’s newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The […]
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‘Chilling effect’: Here’s what an Indonesian startup scandal means for the region struggling with fundraising
EFishery “was supposed to be reflective of what the local ecosystem could do, what Indonesian founders could do. This was supposed to be one of the better companies from Southeast Asia. This was supposed to be a winner,” Justin Hall, partner at Golden Gate Ventures, told CNBC. Dimas Ardian | Bloomberg | Getty Images Southeast […]
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DeepSeek has rattled large AI players — but smaller chip firms see it as a force multiplier
DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia’s market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup. Several AI-related firms told CNBC that DeepSeek’s emergence is a “massive” opportunity for them, rather […]
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