The future of the European Union (EU) rests on the bloc’s ability to find a diplomatic answer to the migration crisis, German Chancellor Angela Merkel said Thursday. EU leaders are meeting in Brussels, Belgium on Thursday and Friday to try to wrangle a solution on migration, with the issue leaving Merkel’s own political fate hanging […]
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For China, an intentional weakening of its currency would be ill-timed
As trade tensions flare up between the U.S. and China, many investors are asking whether Beijing will look to weaken its own currency to retaliate against Washington tariffs. The Chinese yuan, which trades in a band versus the dollar, has now weakened to its lowest level since December 20 and saw a daily loss of […]
Read moreShares in Europe are poised to start the trading day lower Thursday as concerns over global trade return. The FTSE 100 is seen off by 10 points at 7,593; the DAX is expected to start down by 8 points at 12,329; and the CAC 40 is set to open down by 10 points at 5,314; […]
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THIS should have been one of the darkest weeks in the history of General Electric (GE). The firm founded by Thomas Edison has been a member of the Dow Jones Industrial Average, a stockmarket index comprised of leading American companies, for over a century. Alas, mismanagement and a failure to move with the times have […]
Read morePotential home buyers pulled back from a pricey and competitive housing market in May, signing fewer contracts to buy existing homes. A monthly index of so-called pending home sales from the National Association of Realtors fell 0.5 percent compared with April and was 2.2 percent lower than May of 2017. The expectation was for a […]
Read moreAmerica’s millionaires are less bullish about the U.S. economy than they were a year ago. The latest CNBC Millionaire Survey found that 44 percent of Americans with $1 million or more in investable assets think the economy will be stronger at the end of 2018 than it is today. That is down from 50 percent […]
Read moreThe White House won’t be looking to block companies with 25 percent or more of Chinese ownership from buying certain U.S. tech-related companies. Instead, the government will rely on the newly strengthened Committee on Foreign Investment in the United States to deal with concerns about foreign purchase of sensitive domestic technologies, a senior administration official […]
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North Korea making ‘rapid’ improvements to nuclear reactor despite Trump-Kim agreement
North Korea is upgrading its only known nuclear research facility, satellite imagery has shown, despite ongoing negotiations with multiple world leaders and a pledge to abandon its weapons program. The satellite photos, obtained by North Korea analysis outlet 38 North, indicate that the isolated regime is making numerous improvements to its Yongbyon Nuclear Scientific Research […]
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‘Very damaging’: Trump’s tariffs on autos expected to hit German growth
European carmakers could see their revenues seriously impacted if President Donald Trump presses ahead with new tariffs, analysts told CNBC. “New tariffs on EU cars would have a significant impact … The United States is the biggest and highest margin market for them. It could mean a significant 7 to 10 percent hit on 2019 […]
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Europe’s divisions over migration likely to be exposed as leaders meet
The thorny issue of migration will dominate a summit of EU leaders Thursday with divisions rife between the bloc’s 28 members over how they should tackle the crisis. The European Council, the EU’s decision-making body that is hosting leaders in Brussels, says that it is “intensifying efforts to establish an effective, humanitarian and safe European […]
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