France
France’s political chaos drives borrowing costs to the same level as Greece’s for the first time
People walk along the Chatelet Les Halles area of Paris during the snowfall of Storm Caetano. Sopa Images | Lightrocket | Getty Images France’s brewing political crisis is spilling into financial markets with the country’s borrowing costs hitting the same level as debt-ridden Greece’s for the first time on record Thursday. The spread — the […]
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European markets head for higher open; U.S. markets are closed for Thanksgiving
UK consumer confidence ‘remains weak,’ retail trade group says Shoppers visit York Christmas Market ahead of Black Friday on November 25, 2024 in York, England. Ian Forsyth | Getty Images News | Getty Images U.K. consumer confidence remains weak in the aftermath of the Labour government’s landmark first budget in October, according to a November […]
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France’s far right propped up the weak government. It could now bring it crashing down
Member of French far-right party Rassemblement National (RN) Marine Le Pen walks at the Paris courthouse amid her trial on suspicion of embezzlement of European public funds, in Paris, on November 27, 2024. Alain Jocard | Afp | Getty Images France’s government is hanging by a thread with the far-right National Rally party threatening to […]
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Pharma giant Sanofi opens $595 million vaccine facility in Singapore to prepare for potential pandemics
A Sanofi logo sits on the facade of the company’s headquarters on December 11, 2020 in Gentilly near Paris, France. Chesnot | Getty Images SINGAPORE — French pharmaceutical giant Sanofi on Wednesday opened a 800 million Singapore dollar ($595 million) “evolutive vaccine facility,” or EVF, in Singapore — the only such facility the company has […]
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Reddit targets international users for ad growth, teases bolstered search feature
Reddit logo on website. Jakub Porzycki | Nurphoto | Getty Images Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks to unlock new advertising opportunities, a top company executive told CNBC. In a wide-ranging interview, Jen Wong, chief operating officer […]
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Europe markets open lower as global rally stutters; investors digest Trump tariff implications
European stocks opened lower Tuesday as investors assess the global implications of U.S. President-elect Donald Trump’s plans to hike tariffs on China, Mexico and Canada. The regional Stoxx 600 was down 0.61% at 8:10 a.m. London time as all sectors bar telecoms retreated. Autos led losses, down 2.1%. The index had ended in the green for a […]
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European stocks close higher as global markets rally; UniCredit falls 5% after making offer for Banco BPM
European markets close slightly higher European stocks closed slightly higher Monday, buoyed by positive sentiment stateside. The pan-European Stoxx 600 provisionally ended 0.14% higher, with most sectors and major bourses in the green. Household goods and mining stocks led gains, both adding 1.21%, while oil and gas stocks fell 1%. — Karen Gilchrist Dow and […]
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European stocks head for slightly higher open amid subdued market sentiment
Asian chip stocks slump as Nvidia’s slowing revenue growth worries investors Asian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. While Nvidia’s third-quarter results exceeded analysts’ expectations and delivered a strong forecast for the current quarter, its shares still shed 2.5% in extended trading to roughly $142.20 […]
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European markets trade higher as traders assess simmering geopolitical tensions
Treasury yields rise as investors weigh geopolitical tensions, economic data U.S. Treasury yields were higher on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. At 2:58 a.m. ET, the yield on the 10-year Treasury was up by over four basis points to 4.4178%. The 2-year Treasury yield was last trading at 4.2932% after rising […]
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European markets head for higher open as traders focus on data, earnings
Thyssenkrupp books $1 billion impairment on struggling steel unit A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images). Nurphoto | Nurphoto | Getty Images Germany’s Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the […]
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