World
Libya’s power divisions could once more fracture its oil output – as markets question for how long
Crude oil leaks from an oil pumping jack in an oil field in Russia. Bloomberg Creative | Bloomberg Creative Photos | Getty Images A political standoff in Libya risks once more paralyzing the north African country’s lucrative oil sector — but the frequency of its power tussles and crude disruptions have called long-term oil price […]
Read More
Goldman issues warning on how quickly market confidence has recovered from an August stocks slump
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024. Angela Weiss | AFP | Getty Images The speedy return of market confidence following a dramatic global sell-off in risky assets should be seen as a cause for concern, according to the head of asset allocation research […]
Read More
U.S. government researchers visit a Korean mine as the race against China for critical minerals heats up
Workers in July 2019 expand a mine in Germany intended to increase supplies of tungsten and fluorspar. Picture Alliance | Picture Alliance | Getty Images BEIJING — U.S. government researchers recently visited a South Korean mine to assess progress towards boosting supply of a critical metal called tungsten from areas outside China, the mine operator […]
Read More
China’s state media: Canada is ‘shooting itself in the foot’ with new EV tariffs
BEIJING, CHINA – DECEMBER 04: China and Canada flag is displayed in front of the Forbidden City on December 4, 2017 in Beijing, China. Lintao Zhang | Getty Images News | Getty Images China’s state media has criticized Canada over its decision to impose over 100% import tariffs on Chinese electric vehicles, using bolder language […]
Read More
Hybe, K-pop’s largest agency, gains $282 million in market cap after sublabel CEO steps down
SEOUL, SOUTH KOREA – 2024/04/23: People walk past the Hybe Building in Seoul. Sopa Images | Lightrocket | Getty Images Shares of Kospi-listed Hybe popped as much as 4.97% on Wednesday after Min Hee-jin, the former CEO of sublabel ADOR, stepped down on Tuesday after market hours. This represented a gain of about 376.02 billion […]
Read More
CNBC Daily Open: Everyone’s waiting for Nvidia
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | 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, […]
Read More
Apple eyes bigger slice of India’s streaming market with Airtel deal
The Airtel logo is seen displayed on a mobile phone screen. Sopa Images | Lightrocket | Getty Images Apple‘s tying up with India’s Airtel to offer the telecom firm’s premium customers its music and video streaming services for free, potentially giving the U.S. firm access to thousands of consumers in a price-sensitive market. The move comes as competition tightens in India’s $28-billion entertainment market and […]
Read More
China’s Nongfu Spring sees shares fall over 12% after beverages maker posts decline in profit growth
Nongfu Spring’s bottled water in a supermarket in Hangzhou, China. Costfoto | Barcroft Media | Getty Images Shares of China’s largest bottled water producer Nongfu Spring slumped on Wednesday, a day after the company reported a sharp slowdown in profit growth in the first half of the year. Shares of Nongfu Spring listed in Hong […]
Read More
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng
JD.com set up an Innovative Retail division that houses its grocery business 7Fresh. Bloomberg | Bloomberg | Getty Images Hong Kong-listed shares of Chinese online retailer JD.com climbed 1.2% on Wednesday, outperforming the decline on the Hang Seng index after the firm announced a $5 billion buyback late Tuesday. U.S. listed shares of the firm […]
Read More
Bank of Japan to begin initial research to include wage trends in ‘tankan’ business survey
Pedestrians walk past the northern entrance to the Bank of Japan (BOJ) headquarters in Tokyo, Japan. Tomohiro Ohsumi | Bloomberg | Getty Images The Bank of Japan (BOJ) said on Tuesday it would start preliminary research on including wage-related items in its quarterly “tankan” business survey to more accurately reflect wage trends in the country’s monetary policy. The central bank plans […]
Read More