Month: March 2025
‘Very concerned’ about Europe’s struggling economy, European Central Bank policymaker Centeno says
Europe’s struggling economy has economists worried — and senior European Central Bank policymaker Mário Centeno, echoes that view. “I am very concerned about the European economy,” Centeno, who is also governor of the Bank of Portugal, told CNBC’s “Squawk Box Europe” on Friday. On Thursday, the ECB revised its gross domestic product expectations for the […]
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Trump puts new limits on Elon Musk’s authority amid backlash to DOGE cuts
Elon Musk listens to U.S. President Donald Trump speak in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters President Donald Trump said he told his Cabinet secretaries during a meeting Thursday that staffing decisions will be left up to them, not Elon Musk and his Department of Government […]
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European leaders back defense spend push amid uncertainty over Trump aid to Ukraine
A week since Ukrainian President Volodymyr Zelenskyy’s heated expulsion from the White House, European leaders have upped the ante on defense spending plans as they seek to support Kyiv and fill a potential void of U.S. aid. This week, the European Commission proposed measures for fiscal flexibility on defense spending and a plan to […]
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Trump’s first White House Crypto Summit has VIPs pushing for favorable laws
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S. Carlos Jasso | Bloomberg | Getty Images Now that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they […]
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European markets fall as traders digest latest Trump tariff reprieve; Luxury stocks decline
European markets were broadly lower Friday, rounding off a volatile week marked by whipsawing policy on U.S. tariffs, the latest rate cut from the European Central Bank, German fiscal reforms and a regional defense spending boost. The regional Stoxx 600 index was down 0.65% at 10:20 a.m. U.K. time, with retail and household goods stocks […]
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Japan’s 30-year bond yield hits highest level since 2008; Nikkei leads Asia losses
A drone view shows containers and cargo ships at a port in Wuhu, Anhui province, China, on Feb. 4, 2025. China Daily | Via Reuters Asia-Pacific markets fell on Friday, with yields on long-term Japanese government bonds hitting levels not seen since the 2008 financial crisis. The moves in Asia markets mirrored losses on Wall […]
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CNBC Daily Open: Trump paused tariffs for some imports — but Nasdaq enters correction territory
U.S. President Donald Trump speaks in the Oval Office, on the day he signs executive orders, at the White House in Washington, D.C., U.S. March 6, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump expanded his tariff pause to goods coming in from Canada and Mexico, so long as they satisfy terms of the […]
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MTR CEO talks about adapting to Hong Kong’s ‘new normal’
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email MTR CEO Jacob Kam talks about the challenges that Hong Kong’s rail network and properties are facing, as both travel and retail slowly recover and cope with expanding competition. Source
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China calls for ‘peaceful coexistence’ with the U.S. despite differences
Chinese Minister of Foreign Affairs Wang Yi speaks during the 2023 Munich Security Conference in Germany on February 18, 2023. Johannes Simon | Getty Images News | Getty Images BEIJING — China’s Minister of Foreign Affairs Wang Yi struck a more conciliatory tone on U.S. relations during a high-profile press conference on Friday, in contrast […]
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Cryptocurrencies decline as Trump’s U.S. bitcoin reserve plan falls short of expectations
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies fell Thursday night after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States and, separately, a “digital asset stockpile.” The price of bitcoin was last lower by 3% at $87,586.86, according to Coin Metrics. Shortly after the news broke, it […]
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