World
Breton says he is stepping down as France’s EU commissioner, citing spat with von der Leyen
Thierry Breton Thierry Monasse | Getty Images News | Getty Images French European Commissioner Thierry Breton on Monday said he would step down as a member of the EU executive body over a rift with Commission President Ursula von der Leyen, alleging that she had asked Paris to withdraw his candidacy. Von der Leyen is […]
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India’s Bajaj Housing Finance sees shares more than double on debut after stellar IPO
A man walks past a Bajaj motorcycle dealer shop, in Mumbai, India, 23 October, 2023. Niharika Kulkarni | Nurphoto | Getty Images Shares of India’s Bajaj Housing Finance more than doubled Monday on their market debut, reflecting strong demand from investors looking to play the country’s growing real estate sector. The company’s shares, which debuted […]
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India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India can achieve sustainable economic growth of up to 8% over the medium term, according to the country’s central bank governor. His comments come shortly after data showed India’s gross domestic product slowed […]
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It’s a big week for central banks around the world, with a slew of rate moves on the table
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves […]
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Typhoon Bebinca lands in Shanghai, strongest storm to hit city since 1949
Pedestrians walk past a downed tree as they struggle with their umbrellas in strong winds and rain from the passage of Typhoon Bebinca in Shanghai on Sept. 16, 2024. The strongest storm to hit Shanghai in over 70 years made landfall on September 16, state media reported, with flights cancelled and highways closed as Typhoon […]
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China’s local government debt problems are a hidden drag on economic growth
Local governments in China are still building highways, bridges and railways, as pictured here in Jiangxi province on Sept. 6, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China’s persistent consumption slowdown traces back to the country’s real estate slump, and its deep ties to local government finances — and debt. The bulk […]
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Philippines to continue to deploy vessels in contested South China Sea shoal
China Coast Guard ships (background L and R) are seen past the Philippine Coast Guard ship BRP Cape Engano (C), as photographed from the BRP Cabra during a supply mission to Sabina Shoal in disputed waters of the South China Sea on Aug. 26, 2024. Jam Sta Rosajam Sta Rosa | AFP | Getty Images […]
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CNBC Daily Open: After the Fed’s first cut, where to next?
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, Sept. 12, 2024. Stefani Reynold | Bloomberg | 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 matter where they are. Like […]
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Asia-Pacific markets set to open mixed after China’s downbeat economic data
Joggers in Shanghai, China, on April 10, 2021. Qilai Shen | Bloomberg | Getty Images Asian markets were set to open mixed Monday as investors digested the downbeat economic data from China released over the weekend, while several key markets were closed for holidays. Investors also await the Federal Reserve’s policy meeting on Tuesday and […]
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Nvidia and more: Veteran tech investor reveals 4 stocks he backs with a ‘high degree of conviction’
There has been of flurry of activity in the tech sector, with the recent sell-offs and the more recent rally . While that may give some investors pause, veteran tech investor Trent Masters continues to see promise, revealing four stocks he has a “high degree of conviction” in. They are: Nvidia , Motorola Solutions , […]
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