The euro is unlikely to see a massive upswing next week as central bankers meet to discuss the end of monetary stimulus in the region, analysts have told CNBC. The common currency has been recovering from political shocks over the last few days, hitting its highest level on Thursday since May 15, at $1.1838. This […]
Read moreChina will be closely watching President Donald Trump and North Korean leader Kim Jong Un’s meeting in Singapore next Tuesday, not least because Beijing wants the ultimate deal – for U.S. troops to get out of the Korean Peninsula, said analysts. “Beijing will be advocating that the price for peace should be a full withdrawal […]
Read moreIsraeli tech godfather who made millions with world’s first messaging app shares his investment tips
Israeli investor Yossi Vardi has a knack for identifying top tech companies. Over his five-decade career, the 76-year-old has earned a multi-million-dollar fortune and the unofficial title of Israel’s hi-tech ‘godfather’ after investing in almost 90 IT companies, including the world’s first instant messaging platform, ICQ. So what is his winning formula? CNBC Make It […]
Read moreChina’s Ant Financial announced Friday that it raised around $14 billion in fresh funds from investors. The company, which was spun off from Alibaba, is a major player in China’s massive financial technology landscape. It operates one of the country’s largest payments platform, Alipay. Ant Financial said it has entered into definitive agreements with domestic […]
Read moreNorth Korea’s Kim Jong Un is likely hoping to gain certain concessions from the world’s largest economy when he sits down with President Donald Trump on June 12. While many in the international community praise the diplomatic breakthrough, which follows years of repeated missile launches and nuclear tests from the rogue state, a deep-rooted skepticism […]
Read moreJapan and the United States are working to hold their first bilateral trade talks under a new framework in July, Japan’s Foreign Ministry said, in a sign Washington may ratchet up pressure on Tokyo to open up its markets. U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed in April to set up […]
Read moreThe Australian economy has gone without a recession for 26 straight years and is still going strong, but the same can’t be said about the performance of its currency. Official data on Wednesday pointed to Australia starting 2018 on a strong note: Its gross domestic product expanded by 3.1 percent year-over-year in the first quarter, […]
Read moreDavid Feinberg, the CEO of Pennsylvania-based health system Geisinger Health System, is the top candidate in discussions to lead the Amazon-Berkshire-JPMorgan joint venture to fix health care in the United States, according to people close to the selection process. Feinberg has not yet accepted the offer, but he is still in active talks after beating […]
Read moreJapan’s economy contracted at an annualized rate of 0.6 percent in January-March, unchanged from a preliminary estimate issued last month, revised gross domestic product data from the Cabinet Office showed on Friday. The result compared with the median estimate of a 0.4 percent annualized contraction in a Reuters poll of economists. On a quarter-on-quarter basis, […]
Read moreAsian stocks appeared set to pull back on the last day of the trading week, with futures pointing to a lower open for markets in Japan and Australia after U.S. markets closed mixed. Nikkei futures traded in Chicago were lower by 0.43 percent compared to the index’s previous close. Australian SPI futures eased 0.13 percent […]
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