World
China’s property market has ‘not found a bottom’ yet, Standard Chartered CEO Bill Winters says
China’s property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters. Speaking to CNBC’s JP Ong, Winters described the investing environment in China as “difficult,” explaining that consumer confidence and international investor confidence was relatively low. “We know that the underlying source […]
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CNBC Daily Open: Why markets aren’t always a good barometer for the economy
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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China Renaissance shares plunge after 17-month suspension, former chairman’s detention
Shares of boutique investment bank China Renaissance fell as much as 72% to a record low on Monday when they resumed trading 17 months after being suspended during a probe involving its then-chairman and CEO Bao Fan. Greg Baker | AFP | Getty Images Shares of boutique investment bank China Renaissance fell as much as 72% to a record […]
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K-pop is more popular than ever, but that isn’t helping agency stock prices
BTS during an interview with host Jimmy Fallon on September 25, 2018. NBC | NBCUniversal | Getty Images South Korean pop stars are smashing records, performing at premier music festivals in the West and topping charts — but that stratospheric success is not mirrored in the stock performance of their management agencies. South Korea’s “Big […]
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China’s CPI climbs 0.6% in August, missing expectations as transport, home goods prices fall
egetable prices in China have risen significantly this summer, with analysts pointing to high temperatures and frequent rainfall as the main reasons. Vcg | Visual China Group | Getty Images BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as costs of transportation and […]
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Asia-Pacific markets set to open lower after weak U.S. jobs report; Nikkei set to fall 3.5% at open
People look at the city’s skyline from the Bunkyo Civic Center Observation Deck in Tokyo on August 14, 2024. Philip Fong | AFP | Getty Images Asia-Pacific markets are set to open lower on Monday, tracking losses on Wall Street after a weaker-than-expected U.S. jobs report. U.S. nonfarm payrolls rose by 142,000 missing a 161,000 […]
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Wall Street is turning less bullish on tech darling ASML for several reasons
Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker’s demand outlook. Earlier this week, investment bank UBS downgraded ASML to “neutral” and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. In the note, UBS said […]
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Stock futures slip after the S&P 500 suffers its worst week since 2023: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures were lower on Sunday night following a tough week for the equity market. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures slid 0.2%. […]
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Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification
Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023. Bloomberg | Bloomberg | Getty Images Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing. “There was many […]
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Ether has been dramatically underperforming bitcoin as the investment case for the cryptocurrency weakens
Crypto investors are starting to question the investment opportunity in ether . Ethereum has always been seen as the blockchain with a stronger and more easily understood value proposition as a smart contracts platform that could power many different types of applications. Now, investors are reckoning with the possibility that ether may have lost some […]
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