World economy
European stocks higher with central bank decisions in focus; Commerzbank shares hit 12-year high
Tourists are visiting the center of Munich in Munich, Germany, on July 21, 2024. Nurphoto | Getty Images LONDON — European stocks were higher Tuesday, as upcoming central bank meetings remain in focus. The pan-European Stoxx 600 index was 0.75% by 11:10 a.m., with all major bourses and virtually all sectors in the green. Banks […]
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European markets mixed ahead of bumper week for central banks
A view of the Navigli in Milan, Italy on May 20, 2024. Nurphoto | Getty Images LONDON — European stocks were mixed Monday as investors prepared for a bumper week of interest rate decisions from the U.S Federal Reserve and the Bank of England. The pan-European Stoxx 600 was down 0.1% by 2:00 p.m. London time, […]
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It’s a big week for central banks around the world, with a slew of rate moves on the table
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves […]
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China raising its retirement age may be unpopular but it’s much needed, analysts say
Elderly people are relaxing at a park in Fuyang, China, on January 15, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto/NurPhoto | Nurphoto | Getty Images China’s top legislative body passed an official plan Friday to begin incrementally raising the nation’s statutory retirement age from Jan. 1 of next year and concluding in 2040, according […]
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CNBC’s Inside India newsletter: What happens when the Fed cuts rates?
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 you see? You can subscribe here. The big story The Federal Reserve is almost certain to start its rate-cutting cycle next week. Historically, a […]
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CEO of property firm Damac expresses concerns over ‘expensive’ Dubai
DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. Increasing demand for property, especially in the luxury space, is boosting prices not just of homes, […]
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European Central Bank set to cut interest rates just days before the Fed’s big decision
Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty Images FRANKFURT — The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of the U.S. Federal Reserve beginning […]
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European markets start the week on a positive note
Crowds of shoppers and visitors out on Oxford Street on 28th August 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — European stocks opened higher on Monday, shrugging off more negative sentiment on Wall Street and in Asia-Pacific markets. The pan-European Stoxx 600 index opened 0.47% higher, with all […]
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Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification
Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023. Bloomberg | Bloomberg | Getty Images Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing. “There was many […]
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European stocks end week down 2.5%, worst since early August slump
LONDON — European stocks closed lower Friday afternoon, paring earlier gains after a weaker than expected U.S. jobs report clouded global sentiment. The pan-European Stoxx 600 closed down 1.15%, with all major bourses and almost all sectors ending in the red. Tech and mining stocks saw the biggest losses, shedding 2.39% and 2.41%, respectively. Health […]
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