Economist calls Trump’s threat to tariff countries that shun the dollar a ‘lose-lose’

Economist calls Trump’s threat to tariff countries that shun the dollar a ‘lose-lose’

Republican presidential nominee, former U.S. President Donald Trump participates in a Fox News Town Hall at the New Holland Arena in Harrisburg, Pennsylvania on September 04, 2024. Kevin Dietsch | Getty Images News | Getty Images Republican presidential nominee Donald Trump’s threat to slap countries that shun the U.S. dollar with 100% tariffs is a … Read more

stocks, news, data and earnings

stocks, news, data and earnings

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 were higher on Monday, shrugging off more negative sentiment on Wall Street and in Asia-Pacific markets. The pan-European Stoxx 600 index was up 0.67% by 8:41 … Read more

Saudi investment minister touts green shoring on path to diversification

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 … Read more

U.S. jobs report, Volvo Cars, A350 inspections

U.S. jobs report, Volvo Cars, A350 inspections

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 … Read more

The Fed won’t go for a 50 basis points jumbo rate cut

The Fed won’t go for a 50 basis points jumbo rate cut

U.S. Federal Reserve Chairman Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. REUTERS/Evelyn Hockstein Evelyn Hockstein | Reuters As investors await the upcoming rate decision by the U.S. Federal Reserve this month, Carl Weinberg … Read more

Stocks had a record-breaking rally. What’s next?

Stocks had a record-breaking rally. What’s next?

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 Indian stocks reached dizzying heights this week with a record-breaking 14-day rally. Equities also … Read more

China’s Xi pledges over $50 billion in financial aid to Africa to deepen ties

China’s Xi pledges over  billion in financial aid to Africa to deepen ties

China’s President Xi Jinping (C) and his wife Peng Liyuan pose for a group photograph with leaders from African nations ahead of a dinner reception during the Forum on China-Africa Cooperation (FOCAC) at the Great Hall of the People in Beijing on September 4, 2024.  Ken Ishii | Afp | Getty Images Chinese President Xi … Read more

stocks watched after Wall Street rout, data in focus

stocks watched after Wall Street rout, data in focus

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024.  Brendan McDermid | Reuters LONDON — European stocks tumbled in morning deals Wednesday, following losses on Wall Street and in Asia-Pacific markets. The pan-European Stoxx 600 index was 1.15% lower at 9:11 a.m. in London, … Read more

China’s manufacturing output swung back to modest growth: Caixin PMI

China’s manufacturing output swung back to modest growth: Caixin PMI

Container ships dock to load and unload containers at Qianwan Container Terminal of Qingdao Port in Qingdao, China, on August 29, 2024. Costfoto | Nurphoto | Getty Images China’s factory activity grew modestly among smaller manufacturers last month as export orders offset weakening domestic consumption, according to a private survey. The Caixin/S&P Global manufacturing PMI … Read more

Nationwide strikes erupt in Israel amid cease-fire deal protests

Nationwide strikes erupt in Israel amid cease-fire deal protests

Demonstrators lift flags and placards during a protest calling for the release of Israelis held hostage by Palestinian militants in Gaza since October, in Tel Aviv on August 31, 2024, amid the ongoing conflict in the Gaza Strip between Israel and the Palestinian militant Hamas movement. (Photo by Jack GUEZ / AFP) (Photo by JACK … Read more