Economic events
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
Key Points China is introducing ways to bolster yuan’s usage as confidence in the U.S. dollar falters. Three major Chinese exchanges have allowed certain foreign institutional investors to trade more futures and options contracts listed in mainland China. From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to accelerate international […]
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Trump and the U.S. are totally committed to NATO, alliance chief says to reassure allies
U.S. President Donald Trump walks to board Marine One before departing from the South Lawn of the White House in Washington, DC on June 24, 2025, to attend the NATO’s Heads of State and Government summit in The Hague. Mandel Ngan | Afp | Getty Images The U.S. and President Donald Trump are totally committed […]
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NATO wants allies to spend 5% of GDP on defense: This chart shows how hard it could be
U.S. President Donald Trump attends a meeting with NATO Secretary General Jens Stoltenberg ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lamarque | Reuters Before this week’s annual NATO summit had even begun, allies reportedly agreed on Sunday to hike their defense spending to 5% of gross domestic product […]
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NATO allies will pledge to hike defense spend – but will they deliver?
US Secretary of Defense Pete Hegseth holds a bilateral meeting with NATO Secretary General Mark Rutte (2nd L) at the Pentagon in Washington, DC, April 24, 2025. Brendan Smialowski | AFP | Getty Images Fireworks could kick off during NATO’s annual summit this week, as the U.S. pushes its allies to sharply increase their defense […]
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Asia-Pacific markets set to open lower as U.S. bombing of Iran escalates Middle East crisis
Oil prices have spiked in recent weeks following the increased tensions in the Middle East. Source
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Is China going through a consumption revival? Its 618 festival is one sign of it
Chinese e-commerce giant Alibaba’s Taobao and Tmall reported strong sales in categories eligible for government subsidies. Serene Lee | Sopa Images | Lightrocket | Getty Images China’s latest shopping festival, which wrapped up Wednesday, pointed to a pickup in consumption, as e-commerce companies reported strong sales of consumer electronics, as well as beauty and pet […]
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Asia-Pacific markets trade mixed as investors assess China data, escalating Israel-Iran tensions
Anshun bridge reflecting in the Jinjiang river at dusk in Chengdu, Sichuan Province, China. © Philippe Lejeanvre | Moment Open | Getty Images Asia-Pacific markets traded mixed Friday as investors assessed China data and monitored escalating tensions between Israel and Iran. U.S. President Donald Trump is now weighing on whether to back the Israeli military […]
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CNBC’s Inside India newsletter: Is India’s hot IPO market cooling, or is it a blip?
A lenskart shop as seen in Kolkata , India, (Photo by Debarchan Chatterjee/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what […]
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Bank of England holds rates steady, but a summer cut could still be in the cards
Exterior of the Bank of England in the capital’s financial district, on Feb. 6. 2025 in London, England. Richard Baker | In Pictures | Getty Images The Bank of England kept its key interest rate on hold at 4.25% during its Thursday meeting, with economists expecting the central bank to wait until August before it […]
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CNBC Daily Open: U.S. economic slowdown still in the cards, Fed says
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices […]
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