Year: 2025
Ubisoft drops 8% after appointing advisors to review strategic options; European markets trade lower
European markets opened lower on Friday, as investors monitor economic data and ongoing turbulence in the U.K.’s debt markets. The pan-European Stoxx 600 index was down 0.1% shortly after the opening bell, with most sectors and major bourses in negative territory. London’s FTSE 100 shed more than 0.1% during early morning deals. Shares of Ubisoft […]
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Why China’s central bank has stopped bond purchases
BEIJING — The Chinese central bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts said. China’s 10-year bond yield plunged to a record low this month, while the Chinese currency traded in Hong Kong on Wednesday hit its weakest […]
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World’s biggest chipmaker TSMC posts record 2024 revenue as AI boost continues
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates, as the company continues to get a boost from the AI boom. The world’s […]
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Chinese lenders have a massive challenge: They can’t lend enough
SHENZHEN, CHINA – NOVEMBER 16: A boy sits outside a branch of the Bank of China while using a smartphone on November 16, 2024 in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Chinese commercial banks have a huge problem. With consumers and businesses gloomy about the prospects of the […]
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China central bank suspends treasury bond buying citing short supply
A woman walks past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters China’s central bank said on Friday it has decided to suspend treasury bond purchases temporarily due to short supply of the bonds. The People’s Bank of China said it would resume bond buying depending on supply and demand in the government bond market. Source
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CNBC Daily Open: South Korea’s markets power through troubles
A screen displays the Kospi index and the exchange rate between the South Korean won and US dollar inside a trading room at Hana Bank in Seoul, South Korea, on Monday, Dec. 16, 2024. SeongJoon Cho | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily […]
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Ford CEO says China operations earned $600 million in 2024
Ford Motor CEO Jim Farley during a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024. Michael Wayland/ CNBC DETROIT — Ford Motor‘s operations in China earned roughly $600 million last year despite challenging market conditions, CEO Jim Farley said Thursday night. “I’m happy to say that Ford makes […]
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Supreme Court rejects Trump hush money sentencing delay bid
Former U.S. President Donald Trump, alongside his attorney Todd Blanche, speaks to the media as he arrives for his criminal trial for allegedly covering up hush money payments at Manhattan Criminal Court on May 30, 2024 in New York City. Michael M. Santiago | Via Reuters The U.S. Supreme Court on Thursday denied a request […]
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Supreme Court set to hear oral arguments on challenge to TikTok ban
Tik Tok creators gather before a press conference to voice their opposition to the “Protecting Americans from Foreign Adversary Controlled Applications Act,” pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S., March 12, 2024. Craig Hudson | Reuters The Supreme Court on Friday will hear oral arguments in […]
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Asia-Pacific markets slip as investors assess Japan pay and household spending data
A customer places a Japanese 10,000 yen banknote on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022. Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets mostly fell Friday, with investors assessing November pay and household spending out from Japan. Real household spending […]
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