World
European Central Bank should only cut interest rates once more this year, IMF Europe head says
This photo taken on Jan. 30, 2025 shows the European Central Bank ECB headquarters in Frankfurt, Germany. Zhang Fan/Xinhua via Getty Images The European Central Bank should only enact one more quarter percentage point interest rate cut this year despite wider risks to economic growth, the International Monetary Fund’s Europe chief said Wednesday. “We have […]
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Apple fined $571 million and Meta $228 million for breaching European Union antitrust rules
Facebook and Instagram icons are seen displayed on an iPhone. Jakub Porzycki | Nurphoto | Getty Images The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws. The European Commission, which is the executive body of the EU, said it was fining Apple […]
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BP shares jump 5% as activist investor Elliott discloses stake build
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major, […]
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Software giant SAP’s shares surge 9.3% after first-quarter profit beat
The headquarters of SAP AG, Germany’s largest software company, on Jan. 8, 2013, in Walldorf, Germany. Thomas Lohnes | Getty Images News | Getty Images SAP on Wednesday posted a 58% year-on-year jump in first-quarter operating profit in constant currency, also confirming its outlook for full-year cloud revenues. SAP’s operating profit hit 2.5 billion euros […]
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European stocks head for higher open as global market sentiment rebounds
European markets are expected to open higher on Wednesday as global market sentiment rebounds amid receding concerns over a trade war between the U.S. and China, and President Donald Trump’s criticism of the U.S. Federal Reserve. The U.K.’s FTSE 100 index is expected to open 86 points higher at 8,418, Germany’s DAX up 457 points […]
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CNBC Daily Open: Trump, Bessent and Musk give markets the reassurance they need
(L-R) U.S. Treasury Secretary Scott Bessent, Secretary of Commerce Howard Lutnick, Interior Secretary Doug Bergum and Transportation Secretary Sean Duffy look on as U.S. President Donald Trump prepares to sign executive orders in the Oval Office of the White House on April 09, 2025 in Washington, DC. Anna Moneymaker | Getty Images The latest CNBC […]
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Singapore inflation stays at 4-year lows as city-state prepares for election
Singapore’s Raffles Place at lunchtime. Roslan Rahman | Afp | Getty Images Singapore’s inflation in March stayed at over four-year lows, with the city-state’s consumer price index climbing 0.9%, year on year. This was lower than Reuters poll expectations of 1.1%, and the same as the 0.9% seen in February.Core inflation — which strips out […]
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CNBC’s The China Connection newsletter: U.S. regulatory scrutiny fans Chinese stock delisting fears
The floor of the New York Stock Exchange on Jan. 30, 2019. Bloomberg | Bloomberg | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give […]
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Hong Kong stocks lead gains in Asia on hopes of de-escalation in U.S.-China tensions
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets climbed Wednesday, after all three key benchmarks on Wall Street advanced overnight on optimism that U.S.-China trade tensions could ease. This comes after U.S. President Donald Trump indicated that […]
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IMF cuts 2025 growth forecast for major Asian economies, warns of global slowdown on trade worries
A security guard stands outside the building near signs advertising the International Monetary Fund/World Bank Spring Meetings in Washington, DC, on April 17, 2025. Jim Watson | AFP | Getty Images The International Monetary Fund on Tuesday downgraded its growth forecasts for major Asian economies in 2025, citing trade tensions and “high policy uncertainty.” The […]
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