European leaders were set to give the greenlight to start trade talks with the U.K. next week but now this might not happen until December, officials and analysts have told CNBC. A lack of progress in the negotiations is increasing the uncertainty for businesses and citizens, who both need to cement their post Brexit-plans as […]
Read moreCurrency, United States Finance
Europe shares seen lower ahead of data and key central bank speeches; Spain's IBEX set for rally
European bourses look set to open in the red Thursday morning, with investors awaiting data and monitoring speeches from central bankers at the International Monetary Fund’s (IMF) annual meeting in Washington D.C. The German DAX is seen down by 7 points at 12,964. The U.K. FTSE is expected to begin the day’s trading down by […]
Read moreAlibaba Executive Chairman Jack Ma believes that if there’s a change coming, it’s best to prepare early. That philosophy served Alibaba, now a Chinese e-commerce behemoth, well in its early days fending off competition on its home turf from online marketplace eBay. “When we see something is coming, we have to prepare now,” Ma told […]
Read morePresident Donald Trump on Wednesday said that, “in a sense,” gains made by private financial markets reduce the national debt. The claim is incorrect on its face, but it does point to how the president views the economic interplay between the federal government and Wall Street. “The country — we took it over and owed […]
Read morePresident Donald Trump’s “America First” stance is making the U.S. more isolated on the world stage, with the country quickly losing soft power to China, a former U.S. Treasury official told CNBC Thursday. That shift is readily apparent at this week’s annual meetings of the World Bank and the International Monetary Fund in Washington, according […]
Read moreToyota Motor Corp. is planning to halve the number of cars it sells in Japan to about 30 by 2025 to focus on more popular models in a shrinking market, a person briefed on the matter told Reuters on Thursday. The automaker currently offers about 62 car models in Japan, including the Prius gasoline hybrid […]
Read morePresident Donald Trump on Wednesday appeared to confirm he had North Korea in mind last week when he described a gathering of military leaders as “the calm before the storm.” In an interview with U.S. network Fox News, Trump was asked what he meant with the cryptic phrase, which had fueled concerns the United States […]
Read moreLast week 6 million Chinese tourists traveling abroad during a national holiday, and that likely meant big paydays for traditional tourist destinations, such as London or Paris. But, increasingly, China’s travelers are taking their families — and their money — to less conventional locales. All told, more than 700 million in China traveled during the […]
Read moreIndonesia’s finance chief said a deal to buy a controlling stake in a massive copper mine in the country could be resolved by the end of this year. In August, U.S.-based Freeport-McMoRan agreed to sell a 51 percent stake in the Grasberg mine in exchange for licenses to operate the massive copper and gold pit […]
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