World
North Korea blows up parts of inter-Korean road on its side of border, Seoul says
Smoke rises after North Korea blows up sections of inter-Korean roads on its side of the border between the two Koreas, according to South Korea’s military, as seen from the South Korean side, October 15, 2024, in this screen grab from a handout video. South Korean Defense Ministry North Korea has blown up sections of inter-Korean roads and rail lines on its side of the […]
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Ericsson shares jump 9% after third-quarter results beat estimates
Cristina Arias | Cover | Getty Images Shares of Swedish telecom firm Ericsson jumped 9% amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand. The company on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion Swedish crowns ($0.7 billion), compared with 3.9 billion Swedish crowns in the same […]
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CNBC Daily Open: The economy and inflation might stay strong
Shoppers make their way through the Miami Design District featuring stores from many luxury fashion names on December 14, 2023 in Miami, Florida. Joe Raedle | Getty Images News | 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 […]
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From swimming cars to rectangular steering wheels, here’s what’s going on at the Paris auto show
A Peugeot Inception concept car at the Paris Motor Show on October 14, 2024. Riccardo Milani | Afp | Getty Images PARIS, France — Auto giants have descended on the Paris Motor Show to showcase their latest concepts and production models, jostling to capture the public’s attention with eye-catching designs and futuristic technologies. The biennial […]
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Xpeng president says Chinese EV firm remains committed to Europe despite pressure from tariffs
Chinese electric vehicle maker Xpeng remains committed to Europe for the long term despite pressure it faces from the European Union’s tariffs, according to a top company official. “Our plan for Europe is a very long term one,” Brian Gu, Xpeng’s vice chairman and co-president, told CNBC’s Charlotte Reed Monday at the Paris Motor Show. […]
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Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Asian chip stocks rose on Tuesday after Nvidia closed at a record high overnight as the chip company continues to ride the massive artificial intelligence wave. Stocks tied to Nvidia suppliers as well as other […]
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Tokyo Metro set to raise $2.3 bln in Japan’s biggest IPO in 6 years, Reuters reports
Tokyo Metro’s logo is pictured at Kasumigaseki station in Tokyo, Japan, Aug. 15, 2024. Miho Uranaka | Reuters Tokyo Metro is expected to raise 348.6 billion yen ($2.3 billion) after pricing its initial public offering at the top end of its range, according to two sources familiar with the matter, in the largest IPO in Japan for […]
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BlackRock, Fidelity snap up Hyundai India shares in record $3.3 billion IPO
The Logo of Hyundai Motor India Limited is seen on a parked car in the company’s stockyard, in the outskirts of Ahmedabad, India, October 8, 2024. Amit Dave | Reuters Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that will be the country’s largest share offering yet. The Government […]
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CNBC Daily Open: Economic growth and inflation might remain strong
A man with Dior paper bag in Manhattan, New York City, United States of America on July 15th, 2024. Beata Zawrzel | 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 matter where […]
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Asia-Pacific markets open higher after key Wall Street benchmarks hit record highs
The port at Busan, South Korea, in 2020. South Korea and Japan are especially dependent on shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond. SeongJoon Cho | Bloomberg | Getty Images Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow […]
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