An employee in Dueren, western Germany works on assembling a brake caliper for an electric vehicle. Image Source: Ina Fassbender | Afp | Getty Images European business activity contracted once again in August, reaching its lowest level since November 2020. The euro zone’s flash composite Purchasing Managers’ Index (PMI), released on Wednesday, declined to 47.0 …
Billionaire Masayoshi Son, Chairman and CEO of SoftBank Group Corp., spoke at a press conference in Tokyo on July 28, 2016, in front of a screen displaying the ARM Holdings logo. ARM, which is owned by SoftBank, has recently filed for its initial public offering (IPO). This IPO will be a significant test for the …
A residential complex built by Evergrande in Huai’an, Jiangsu, China on July 20, 2023. China’s heavily indebted real estate developer, Evergrande Group, has taken the step of filing for Chapter 15 bankruptcy protection in a U.S. court. The company seeks recognition of ongoing restructuring discussions in Hong Kong, the Cayman Islands, and the British Virgin …
China has recently unveiled a series of measures aimed at bolstering its economy before an important Politburo meeting that will assess the performance of the world’s second-largest economy in the first half of the year. In a surprise move, the People’s Bank of China cut interest rates on one-year medium-term lending facility (MLF) loans by …
A stock photo of a processor unit, with the flags of the United States and China to illustrate the escalating global race for technology supremacy between the two largest economies in the world. Blackdovfx | Istock | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open …
A view of the Stuart The Minion balloon during the 2022 Macy’s Thanksgiving Day Parade on November 24, 2022 in New York City. Noam Galai | Getty Images Entertainment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything …
The BlackRock logo is displayed at their headquarters on November 14, 2022 in New York City. BlackRock and Saudi Arabia’s sovereign wealth fund signed an agreement to jointly explore infrastructure projects in the Middle East. Leonardo Munoz | Getty Images BlackRock has formed a strategic partnership with Jio Financial Services, the financial services arm of …
Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything …
People walk past the New York Stock Exchange (NYSE) on July 12, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter …
Luisa Moreno, President of mining company Defense Metals Corp, anticipates further limitations on metal exports from China, including rare earths. Jakub Porzycki | Nurphoto | Getty Images China’s restrictions on gallium and germanium exports may motivate certain countries to diversify their supply chains and reduce dependence on China. Stewart Randall, a consultant at Shanghai-based firm …