World
CNBC Pro Talks: Tesla vs. Nio? Amazon vs. Alibaba? Investor Sid Choraria picks his favorites and more
Join the next Pro Talks as CNBC’s Will Koulouris speaks to Sid Choraria, senior portfolio manager of Gordian Capital to discuss his market outlook. Source
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European stocks slide 1.2% after undisclosed investor sells stakes in German banks; Deutsche Bank tanks 9.5%
LONDON — European markets sank Tuesday morning as traders monitored heaving selling in the banking sector, and looked ahead to key central bank meetings and U.S. inflation prints. The pan-European Euro Stoxx 600 index was down 1.2% in early deals, with the German DAX dropping 1.8% and the banking sector falling 2.3%. Reports on Monday […]
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Shares of Dubai utility DEWA surge in Middle East’s largest IPO since Aramco
A general view of the downtown area in Dubai, United Arab Emirates, December 08, 2021. Satish Kumar | Reuters DUBAI, United Arab Emirates — Shares of DEWA, the Dubai Water and Electricity Authority, surged more than 20% as the giant utility company began trading on the public market Tuesday, marking the first listing of its […]
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Ties with U.S., India may improve under Pakistan’s new government
Pakistan’s parliament picked Shehbaz Sharif as the country’s new prime minister, just days after his predecessor Imran Khan was ousted in a no-confidence vote. Aamir Qureshi | AFP | Getty Images Pakistan has a new prime minister — and this could augur well for the South Asian country’s return to a healthier economy and its […]
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Investor sells big stakes in Deutsche Bank, Commerzbank: Bookrunner
The headquarters of German banks Deutsche Bank (L) and Commerzbank in Frankfurt, Germany. FRANK RUMPENHORST | DPA | Getty Images An undisclosed investor is selling shares in Deutsche Bank and Commerzbank, a bookrunner said on Monday, stakes that amount to more than 5% in Germany’s top two lenders. The sale is for 116 million shares […]
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New omicron XE Covid variant first detected in the UK spreads to Japan as cases rise
As of April 5 2022, 1,125 cases of XE — a new scombinant subvariant — have been identified in the U.K., up from 637 on March 25. Dominic Lipinski | Pa Images | Getty Images Japan has reported its first case of omicron XE — a new Covid-19 strain first detected in the U.K. — […]
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Top strategist says to own stocks in these sectors to beat any recession
David Roche, president of Independent Strategy, warned the economy is entering a “war-cession,” and said markets are underestimating it. Source
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India’s northwest reels under unusual early heat wave
Commuters out in the scorching heat in India on March 30, 2022 in Gurugram, India. An unusually early heat wave brought more extreme temperatures Monday to a large swath of India’s northwest. Parveen Kumar | Hindustan Times | Getty Images An unusually early heat wave brought more extreme temperatures Monday to a large swath of […]
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Japan’s wholesale inflation stays near record on Ukraine war and a weak yen
A customer picks up a snack at a supermarket store in Tokyo, Japan, on Tuesday, July 27, 2021. Japan’s wholesale inflation remained near record-high levels in March as the Ukraine crisis and a weak yen pushed up fuel and raw material costs, data showed on Tuesday Noriko Hayashi | Bloomberg | Getty Images Japan’s wholesale […]
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U.S. State Department orders all non-emergency government staff in Shanghai to leave as Covid surges
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters The U.S. State Department has ordered all non-emergency government staff and their family members in Shanghai to leave as Covid surges and told U.S. citizens to reconsider […]
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