European bourses look set to begin Friday’s trading session lower as investors monitor new data, earnings and speeches from members of key central banks. The U.K.’s FTSE is expected to start trading on the last day of the week 23 points down at 7,533, while the German DAX is seen 5 points lower at 12,978. […]
Read moreTech behemoths Google and Amazon are poised to put competitive pressure on traditional banks in the small business lending arena, one of former President Barack Obama‘s cabinet members said Tuesday. Karen Mills, who served as Obama’s administrator for small businesses, told CNBC that the tech giants would probably push to disrupt the market and deal […]
Read moreCurrency, United States Finance
The 'normalization' of the far right: Why Austria's election matters
Austria might not have the biggest prominence on the political stage but as a central European power, bridging eastern and western Europe, its politics can influence others around it. As the country goes to the polls for parliamentary elections this weekend, CNBC looks at why the vote matters. Austrian voters are heading to the polls […]
Read moreIt’s time for the world’s central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund. Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to […]
Read moreJPMorgan Chase and Citigroup failed to deliver on a number of fundamental areas even though they turned in better-than-expected quarterly earnings, one analyst said after investors sold down the two banking stocks. Speaking to CNBC’s “The Rundown” on Friday, Vertical Group’s equity research analyst Dick Bove listed the three areas to look for in any […]
Read moreSamsung Electronics said Friday that its vice chairman and chief executive officer, Oh-Hyun Kwon, had decided to step down from management. That followed an early morning guidance from the South Korean tech giant that it was expecting record operating profits of about 14.5 trillion Korean won ($12.8 billion) for the quarter ending in September. Kwon […]
Read moreMany emerging market economies, particularly Turkey and South Africa, haven’t taken full advantage of global liquidity to clean up their sovereign balance sheets, S&P Global Ratings warned on Friday. “Several governments have been using this easy funding time to actually take their eyes off the ball a little bit on macroeconomic stability issues and focusing […]
Read moreSingapore’s trade-reliant economy grew more than expected in the third quarter from the previous quarter on an annualized basis, on the back of manufacturing growth, preliminary data showed on Friday. The economy expanded 6.3 percent in the July-September period on an annualized and seasonally adjusted basis, the Ministry of Trade and Industry said on Friday […]
Read moreChina is expected to report strong trade data on Friday just days ahead of a major Communist Party Congress. Analysts polled by Reuters expected an 8.8 percent rise in Chinese exports in September from a year ago in dollar terms. Imports were forecast to jump 13.5 percent in the same period. China’s August exports were […]
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