Banks
Top crypto firms go on the hunt for acquisition targets as market crashes
Two top cryptocurrency companies, Ripple and FTX, told CNBC that they’re on the lookout for acquisitions as the industry hopes to drive growth through buying other firms. It is a sign that some crypto firms feel that they’re large enough and well capitalized to splash the cash on acquisitions. Brett Harrison, president of cryptocurrency exchange […]
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Indian and Chinese stock markets could grow fourfold by 2050, Abrdn CEO says
A guard walks past the National Stock Exchange building in Mumbai, India, on February 9, 2018. Danish Siddiqui | Reuters Indian and Chinese stock market capitalization may grow fourfold by 2050 as Asia turns from “laggard to leader” in the climate transition, according to Abrdn CEO Stephen Bird. In a letter seen by CNBC marking […]
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Credit Suisse downgrades Citi to neutral, says the bank has limited upside
Citigroup ‘s stock may struggle to break out until the bank completes its transformation under new CEO Jane Fraser, according to Credit Suisse. Analyst Susan Roth Katzke downgraded Citi to neutral from outperform, saying in a note to clients Friday that there were better options for investors. “We realize that the downside to C shares […]
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‘We’re in a bear market. And I think that’s good’: Crypto firms hope market slump shakes out bad players
Executives from the blockchain and cryptocurrency industry told CNBC that the recent crash in the digital coin market should help get rid of “bad actors” in the space. Billions of dollars of value has been wiped off the cryptocurrency market in the last few weeks driven by a sell-off in stocks and the collapse of […]
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‘Hypocrisy,’ ‘naivety’ and ‘greed’: Europe chided for failing to stop Putin’s war
DAVOS, Switzerland — The European Union failed to counter Russian President Vladimir Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC on a panel at the World Economic Forum. “We are too Euro-centric on this crisis, in the sense we think this […]
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Top financiers and millionaires just met up in the Swiss Alps. And the mood was terrible
The world’s financial elite gathered in Davos, Switzerland this week, and a darkening global economic outlook was the number one talking point. Source
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Over $50 for a burrito? World’s elite splash the cash on snacks at Davos
The burrito in the Steigenberger Grandhotel Belvedere came with a side of salsa and guacamole. CNBC DAVOS, Switzerland — Hungry attendees at this year’s World Economic Forum may have found some of the food a little hard to stomach, with some eye-popping prices in some locations. Just a stone’s throw away from the main Davos […]
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Singapore’s air travel is rebounding despite China’s border restrictions, transport minister says
Air travel in Singapore is recovering and has reached around 40% of pre-Covid levels despite China’s border restrictions, Transport Minister S. Iswaran said. China’s passenger traffic is significant for Singapore, he said. Some 3.6 million Chinese residents traveled to Singapore in 2019, accounting for 13% of total visitors, according to data from the local tourism […]
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Monkeypox is a dangerous disease threat — but has one key difference from Covid, epidemic coalition says
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Future Publishing | Getty Images The sudden emergence of monkeypox in several countries around the world represents a concerning outbreak, the head of the Coalition […]
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Monkeypox does not pose a Covid-style risk despite its swift spread, top health execs say
Business and political leaders gathered in the Swiss hilltop town of Davos in May 2022 for the World Economic Forum. Xinhua News Agency | Xinhua News Agency | Getty Images As the business and political elite gathered in Davos, Switzerland, this week for the first in-person World Economic Forum since the onset of the Covid-19 […]
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