For all things Paris, President Donald Trump‘s go-to guy is Jim. The way Trump tells it — Jim is a friend who loves Paris and used to visit every year. Yet when Trump travels to the city Thursday for his first time as president, it’s unlikely that Jim will tag along. Jim doesn’t go to […]
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CONGRESS is sick and tired of unfair competition to America’s airlines from the three big Gulf carriers, Emirates, Etihad and Qatar Airways. So on June 28th, 17 representatives from the state of Illinois wrote a letter to the secretaries of State, Transportation and Commerce complaining about the subsidies these airlines receive from the United Arab […]
Read moreRoyal Bank of Scotland will pay $5.5 billion to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the government can sell its shares in the bailed-out bank. The Edinburgh-based bank lender on Wednesday said it agreed to settle the lawsuit with the U.S. […]
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Samsung to back European start-ups with $150 million investment fund
Samsung‘s venture capital arm announced Wednesday it is expanding into Europe to invest in the continent’s start-up scene. Samsung NEXT will use a $150 million global fund raised in January to target early stage start-ups in Europe for investment or acquisition, focusing on tech companies working on artificial intelligence, the internet of things, augmented reality […]
Read moreFederal Reserve Chair Janet Yellen emphasized Wednesday that the central bank is closely watching tepid inflation data but that she still expects to begin shrinking its $4.5 trillion bond portfolio later this year. In prepared remarks for her semiannual testimony Wednesday and Thursday on Capitol Hill, she said that the bond portfolio, or balance sheet, […]
Read moreMeeting with our clients is one of the best parts of my job. Many of our clients have been with us for several years, and our meetings are like conversations with old friends. While we spend a good amount of time in our meetings reviewing portfolios and discussing financial issues that are affecting them, most […]
Read moreA new Federal Reserve under Gary Cohn would likely reverse the policies of Chair Janet Yellen, closely followed strategist Mark Grant told CNBC on Wednesday. The chief strategist at Hilltop Securities spoke as a new report said President Donald Trump could nominate his National Economic Council director to lead the Fed. Citing four sources, Politico […]
Read moreMortgage rates just saw their biggest jump since the presidential election, and that took a heavy toll on demand for home loans. Total mortgage application volume fell 7.4 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 36 percent lower than a year ago. “Rates continued […]
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EU's chief Brexit negotiator warns on final UK divorce bill; hits back at Boris Johnson comments
This is a breaking news story, please check back later for more. Follow CNBC International on Twitter and Facebook. Source: cnbc EU's chief Brexit negotiator warns on final UK divorce bill; hits back at Boris Johnson comments
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UK should accept WTO tariffs to gain US-style immigration system, says Wetherspoons founder
Britain should be willing to accept “a few tariffs” under the World Trade Organisation (WTO) rules in order to regain control of its borders and establish a new points-based immigration system akin to the U.S., the chairman of British pub chain J D Wetherspoon has said. Tim Martin, founder of the chain which employs some […]
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