business news
ECB stress test shows most banks don’t include climate risk in their credit models
Environmental protesters take to the streets during a demonstration by Fridays for Future in the financial district of Frankfurt, Germany, in August last year. Bloomberg | Bloomberg | Getty Images The results of the European Central Bank’s first climate risk stress test show that most banks do not sufficiently incorporate climate risk into their stress-testing […]
Read More
How an Indian cement maker bought Russian coal using yuan
People walking past HDFC Bank In Kolkata, India on 19 August, 2021. An Indian cement maker’s recent purchase of Russian coal using yuan involved India’s biggest private lender, HDFC Bank, according to an invoice seen by Reuters and a source, as more details emerge of the kind of trade that could blunt Western sanctions against […]
Read More
Former Japanese Prime Minister Shinzo Abe taken to hospital after apparent shooting, Japan news service NHK says
Japan’s former prime minister Shinzo Abe has been taken to hospital bleeding after collapsing while delivering a speech in the western city of Nara, public broadcaster NHK reported on Friday. A sound like a gunshot was heard at the time, and a male suspect was detained at the scene, NHK said. An NHK reporter on the scene said they could […]
Read More
Beijing city walks back plan to tighten Covid vaccine requirements — after just one day
Beijing city toned down a plan to require Covid vaccinations to enter some public venues, and maintained that a negative virus test was sufficient. Pictured here is a virus testing site in Beijing, China, on Tuesday, July 5, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — China’s first large-scale attempt to require Covid vaccinations […]
Read More
China says it will maintain an ‘objective and fair’ position on Russia-Ukraine crisis
Chinese Foreign Minister Wang Yi met Russian Foreign Minister Sergei Lavrov on on the sidelines of a G-20 summit in Bali, Indonesia. This photo shows the two men in a 2021 meeting in Beijing, China. Russian Foreign Ministry Press Service Handout | Anadolu Agency | Getty Images Chinese Foreign Minister Wang Yi says China will […]
Read More
ETFs come to China with a vengeance
Hong Kong, a British colony from the 1840s to 1997, grew into an international finance center just off the coast of mainland China. A stock connect launched in 2014, followed by other systems linking Hong Kong’s market closer with the mainland’s. Anthony Kwan | Bloomberg | Getty Images BEIJING — China has joined the global […]
Read More
Asset manager names his top stocks trading at a ‘sizable discount’ right now
With stock markets yet to emerge from the doldrums of a brutal first half sell-off, investors are increasingly seeking strategies to preserve and grow their capital. Asset manager Jack Ablin tells CNBC how he’s trading the market volatility, highlighting some of his top stocks along the way. Investors should be putting their money in companies […]
Read More
How to trade mounting recession risks, according to Goldman Sachs, Wells Fargo and more
After a beaten-down first half for stocks that ranked among the worst in decades, investors are now bracing for continued volatility. A growing chorus of recession warnings have emerged on Wall Street as market watchers weigh the likelihood that an aggressive rate hike cycle by the Federal Reserve will curtail growth. As it stands, the […]
Read More
Asia-Pacific markets trade higher ahead of U.S. jobs report
SINGAPORE — Asia-Pacific markets opened higher on Friday as investors look ahead to the release of U.S. jobs data for June. The Nikkei 225 rose 0.54%, while the Topix index gained 0.34%. Australia’s S&P/ASX 200 advanced 0.51%. South Korea’s Kospi added 0.91%, while the Kosdaq was 1.03% higher. The U.S. Bureau of Labor Statistics is set […]
Read More
Cramer’s lightning round: Gentex is a buy
Chegg Inc: “I don’t know what to make of Chegg. … To me, it seems like the bulls are going to win on this stock.” Moderna Inc: “I think that stock has now come down enough. I would want to own Moderna. I do like Pfizer more.” ONEOK Inc: “Keep it. … I think that’s […]
Read More