This is a breaking news story. Please check back later for more. Follow CNBC International on Twitter and Facebook. Source: cnbc Euro falls to .1290 on reports market misjudged Draghi speech
Read moreCurrency, United States Finance
Forget fake news, investors should realize the markets are fake, says asset manager
The global rally in financial markets is unsustainable because it only seems to respond to changes in the real economy when it fits a certain narrative, according to the CIO of investment firm Fasanara Capital. “I call it fake markets… you know, these days they talk about fake news (but) these are fake markets in […]
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Hackers have made just 3.7 bitcoin – or less than $10,000 – with the latest cyberattack
Those behind the recent cyberattack affecting businesses around Europe have successful received a total of nearly 4 bitcoins, worth around $9621 at today’s price. On Tuesday, reports emerged of a ransomware virus affecting businesses and governments throughout Eastern Europe. Ukraine and Russia have been particularly affected. The malware, which has been identified as a modified […]
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‘NATO is important for Europe but it’s also important for the US', says NATO Sec Gen
NATO’s secretary general Jens Stoltenberg has insisted that the defense alliance’s commitment to support each other militarily is just as crucial for U.S. security as it is for that of Europe and Canada. “NATO is important for Europe but it’s also important for the United States,” Stoltenberg told CNBC Wednesday in a bid to preserve […]
Read moreTradeshift, a social network for connecting supply chains, does not necessarily see itself selling up anytime soon, its chief executive told CNBC on Wednesday. Speaking on the sidelines of the World Economic Forum in Dalian, China, Christian Lanng cited advice that he had received on his first trip to Silicon Valley from LinkedIn co-founder Reid […]
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Slack in the European economy looks worse than we thought, says ECB vice president
The difference between current and potential levels of output in the euro area economy could be greater than the European Central Bank (ECB) originally thought, its vice president, Vitor Constancio, warned on Tuesday. “What we see, what we observe is that domestic factors of inflation starting with wage and cost developments and then also price […]
Read moreHackers have caused widespread disruption across Europe, hitting Ukraine especially hard. Company and government officials reported serious intrusions at the Ukrainian power grid, banks and government offices. Russia‘s Rosneft oil company also reported falling victim to hacking, as did Danish shipping giant A.P. Moller-Maersk. Other Ukrainian companies reporting issues include the aircraft manufacturer Antonov and […]
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In July 2016, the Commission fined MAN, Volvo/Renault, Daimler, Iveco, and DAF a total of 2.93 billion euros for forming a cartel and colluding on truck prices for 14 years. The largest individual fine was on Daimler for 1.008 billion euros. DAF was hit with a fine of 752 million euros, while Volvo/Renault was fined […]
Read moreShares in Russian business conglomerate Sistema slumped by as much as 17 percent early on Tuesday, after a Russian court froze some of its assets as part of a legal dispute with oil company Rosneft. Rosneft is suing Sistema for 170.6 billion roubles ($2.9 billion) in damages following its purchase of oil producer Bashneft last […]
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Some FANG stocks are still undervalued, says Salesforce CEO Marc Benioff
Salesforce Chief Executive Marc Benioff told CNBC on Tuesday that despite an unprecedented rally among high-growth technology giants, some FANG stocks still remain undervalued. The so-called FANG technology stocks refer to Facebook, Amazon, Netflix and Google (through parent company Alphabet). Some investors also recognize Apple as an additional ‘A’ to the FANG acronym. “I think […]
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