business news
Venezuela tells China oil prices won’t be set by the U.S., seeks to reassure investment after Maduro capture
Venezuela has assured Beijing that its oil pricing will not be dictated by the U.S. and that Chinese investment in the South American country remains secure, according to state media. Speaking at a press briefing Tuesday, Remigio Ceballos, Venezuelan ambassador to China, dismissed reports that Washington would influence the price China pays for Venezuelan crude, […]
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Novo Nordisk shares tumble 18% as CEO warns it will get worse before it gets better
Just as Novo Nordisk showed signs of a recovery, another cold shower hit investors as the drugmaker surprise pre-released its 2026 forecast late Tuesday, sending shares tumbling. Novo Nordisk’s stock plummeted 18% in Copenhagen early Wednesday, tracking losses seen in its American depositary shares on Tuesday and more than wiping out gains seen so far […]
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CNBC Daily Open: UBS posts strong earnings while Novo Nordisk’s U.S. shares crater on slowing growth
Sergio Ermotti, CEO of UBS, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC UBS fourth-quarter profit rose 56% year on year to $1.2 billion, beating expectations. The Swiss bank on Wednesday also announced plans for a $3 billion share buyback in 2026 […]
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ATR explains why its aircraft are best fit for India’s domestic flight routes
Nathalie Tarnaud Laude, CEO of ATR, says the Indian aviation market has big potential and that the company is working closely with airline operators and authorities to increase its footprint in the country Source
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CNBC’s The China Connection newsletter: For Chinese businesses, it’s not about which AI is the smartest
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Will the U.S. or China win the artificial intelligence race? That’s the big question for investors wondering where they should put their money. But frequently, […]
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UBS beats expectations with $1.2 billion fourth-quarter profit, plans $3 billion buyback
Fabrice Coffrini | AFP | Getty Images UBS announced plans for a $3 billion buyback Wednesday and posted fourth-quarter profits that beat analysts’ forecasts. The Swiss banking giant said it aims to buyback at least $3 billion of shares in 2026, adding that it aims to do more. Net profit attributable to shareholders rose 56% […]
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Asian software stocks plunge after U.S. peers decline on fears over AI-led disruption
Engineer working with statistical analysis report. Digital technology and Artificial Intelligence (AI) concept. Kmatta | Moment | Getty Images Wall Street’s fears around artificial intelligence-driven disruption affecting software companies made their way into Asia on Wednesday, with tech stocks in the region tracking declines overnight in U.S. peers. Japanese software firms in Asia led declines […]
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Nintendo shares sink 10% as gaming giant faces memory shortage concerns
Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one of the biggest global gadget debuts since the iPhone launches […]
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Despite the setbacks, India is set up to be a fantastic aviation market: IATA
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Willie Walsh of IATA is bullish on India’s aviation industry, due to investments made in both airport infrastructure and aircraft, India’s demographic profile as well as its geographic location. Source
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KKR and Singtel to take full ownership of data center firm STT GDC for about $5 billion
A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018. Brendan McDermid | Reuters Private equity firm KKR and Singapore Telecommunications will acquire the remaining 82% stake in data center operator ST Telemedia Global Data Centres for 6.6 billion Singapore dollars ($5.1 billion), KKR said in a statement […]
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