An extremely rare Italian supercar estimated to be worth more than £1.5 million ($1.9 million) was left with “significant damage” after it smashed into a crash barrier in the U.K. The blue Pagani Zonda, which has a top speed of almost 220 miles per hour, collided with a barrier on the A27 at Tangmere in […]
Read moreThe negative view of Russia from the U.S. is being fueled by an internal political struggle in Washington and needs to be resolved, according to the CEO and president of Russia’s second-largest bank. “We are sick and tired of what’s happening in America and this anti-Russian stance,” VTB Bank’s Andrey Kostin told CNBC Tuesday morning. […]
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Swedbank reports solid third-quarter profit, brushes off housing slump worries
Swedbank beat third-quarter operating profit expectations on Tuesday and brushed off concerns that the Swedish housing market could be set for a significant correction. Operating profit rose to 6.19 billion Swedish crowns ($755 million), helped by higher lending volumes in the bank’s home markets. That topped a mean forecast of 5.87 billion in a Reuters […]
Read moreNovartis‘s third-quarter core net income rose 4 percent at constant currencies, beating expectations, as the drugmaker said it had made “significant progress” in preparing its Alcon eyecare unit for a possible spinoff by the first half of 2019. Core net income rose to $3.02 billion, compared to the average analyst estimate of $2.93 billion in […]
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UBER has had a tough year. It has fired staff on the back of sexual-harassment allegations and faced reports of a hostile workplace culture. It has been sued for allegedly stealing self-driving-car technology. It lost customers when it flouted a New York taxi boycott in protest of President Donald Trump’s travel ban. And, amid all […]
Read moreThe City of London must remain the top global financial centre after Brexit to avoid its financial services drifting to other parts of the world, Luxembourg Finance Minister Pierre Gramegna said on Monday. Financial centres such as Luxembourg, Paris and Frankfurt are battling each other to attract banks, insurers and asset managers in Britain who […]
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Russia's interest in bitcoin is overestimated, says head of VTB International
Russia’s appetite for bitcoin has been overblown by the media, the head of Russian bank VTB International told CNBC Tuesday. “There was some speculation that there was some buying coming from Russian investors, but more than these reports, as a bank, we have not seen much in terms of flows,” Riccardo Orcel said. It had […]
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Europe markets set to open lower as political uncertainty weighs; earnings
European markets were expected to open lower Tuesday morning, as investors continued to monitor the latest corporate earnings reports and kept a close eye on Spain’s constitutional crisis. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 12 points lower at 7,510, while the German DAX is set to start on […]
Read moreTraders are eagerly anticipating Thursday’s meeting of the European Central Bank (ECB), with some contemplating whether President Mario Draghi’s actions could radically reschedule when the central bank’s first rate hike could come. Back in July, Draghi said that discussions regarding a change in monetary policy stance will begin in the fall. In September, he then […]
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Russia sanctions advocate Bill Browder says 'there may be something sinister at foot' if visa issue lingers
A major advocate for Russian sanctions told CNBC that his U.S. visa issues should raise a red flag if they linger. Over the weekend, The Guardian reported that Russia was finally successful in pushing Interpol to place Bill Browder on its wanted list. Browder, a British citizen, explained that his authorization to travel to the […]
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