World
Rolls-Royce shares rebound 4.6% after engine issue grounds Cathay Pacific flights
A Cathay Pacific Airbus A350 aircraft at Kingsford Smith Airport on August 18, 2021 in Sydney, Australia. Cathay Pacific Airways Ltd., is the flag carrier of Hong Kong with its main hub being at Hong Kong International Airport. James D. Morgan | Getty Images News | Getty Images Rolls-Royce shares opened higher Tuesday, making up […]
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Why does Couche-Tard want to buy 7-Eleven? It’s a ‘cheap’ stock, says portfolio manager
Participants taste onigiri at a product meeting for 7-Eleven Japan in Tokyo on Jan. 23, 2024. Staff and suppliers gathered to discuss flavors, textures and fillings for the Japanese riceballs, one of 7-Eleven’s most important products, with more than 2 billion sold each year. Noriko Hayashi | Bloomberg | Getty Images Alimentation Couche-Tard’s proposal to […]
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Russia signals its official stance on using nuclear weapons is about to change, accusing the West of ‘escalation’
Russian President Vladimir Putin attends a plenary session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 7, 2024. Anton Vaganov | Reuters Russia has again hinted that it’s making changes to its official stance on the use of nuclear weapons, amid Ukraine’s continuing incursion into its Kursk border region. Deputy […]
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Harris says she opposes U.S. Steel’s sale to a Japanese firm during campaign event
Democratic presidential nominee and U.S. Vice President Kamala Harris reacts as she attends a Labor Day campaign event, at IBEW Local Union #5 in Pittsburgh, Pennsylvania, U.S., September 2, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris used a joint campaign appearance with President Joe Biden in the critical swing state of Pennsylvania on Monday to say that […]
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Venezuela issues arrest warrant for opposition leader Gonzalez, attorney general says
Hundreds of Venezuelan people, following the worldwide call of the “Great World Protest”, gather at Manco Capac square in Lima, Peru on August 17, 2024, to protest recent re-election of Nicolas Maduro in Venezuela. ‘World Rally for the Truth’ a global event organized by opposition leader Maria Corina Machado aims to This rally, follows the […]
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ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports
The ByteDance building of Shanghai ByteDance on Dec. 8, 2020, in Shanghai, China. Xing Yun | Costfoto | Barcroft Media | Getty Images TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter said on Monday. Citigroup, Goldman Sachs […]
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U.S. military says Yemen’s Houthis attacked two crude oil tankers in Red Sea
Tankers located in the waters near Ceuta, Spain are transferring crude oil from Russia to reach the Asian markets in spite of Western sanctions. Europa Press News | Europa Press | Getty Images Yemen’s Iran-backed Houthi rebels attacked two crude oil tankers — the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I — in the Red Sea on Monday, the U.S. military said, calling the assaults “reckless […]
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Chinese consumer brands look to crack the global market with Singapore as a testbed
Hangzhou-based toy company Dodo Sugar, pictured here at the Pop Toy Show in Singapore on Aug. 23, 2024, is expanding to Thailand and other parts of Southeast Asia. CNBC | Sonia Heng Chinese consumer brands are using Singapore as a cultural testbed in their quest to expand globally, thanks to the city-state’s unique blend of […]
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Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, Reuters reports
Blackstone offices in New York City. Erik Mcgregor | Lightrocket | Getty Images A consortium led by Blackstone is nearing a deal to acquire Australian data center group AirTrunk for A$20 billion ($13.53 billion) including debt, a person with knowledge of the situation said on Monday. Blackstone and its partner, the Canada Pension Plan Investment Board, emerged as […]
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CNBC Daily Open: Bitcoin isn’t really a currency (yet)
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty Images 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 […]
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