German auto stocks took a hit in early Monday trading, weighed down by uncertainty over possible antitrust fines after European regulators said they were investigating allegations that carmakers were operating a cartel. Shares in Volkswagen were down 3.3 percent, with premium rivals Daimler and BMW down 2.9 percent and 2.5 percent respectively, underperforming the blue-chip […]
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Here's why choosing your favorite FANG stock is like asking a parent to pick their favorite child
Some of the biggest technology firms on Wall Street are poised to announce earnings this week though finding a favorite among them is akin to a parent specifying their favorite child, Ben Rogoff, Polar Capital Fund Manager, told CNBC on Monday. Of the four so-called FANG stocks, three are reporting this week: Alphabet, Facebook and […]
Read moreEuro zone businesses started the second half of 2017 with solid growth, though declining inflation pressures could put paid to expectations of a stimulus clawback by the ECB later this year, a survey found on Monday. Years of ultra-easy policy may be bolstering growth, but inflation is still nowhere near the European Central Bank’s 2 […]
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Big 3 German carmakers' shares slide amid allegations of industrial collusion
Shares in the top three German carmakers dropped sharply on Monday after it was reported that EU antitrust officials had started investigating a possible breach of regulatory standards. Volkswagen, BMW and Daimler all slumped towards the bottom of the autos sector shortly after Monday’s opening bell. BMW fell more than 2 percent while Volkswagen and […]
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Mon Dieu! Newly elected French President Macron suffers 10 point drop in popularity rating
French President Emmanuel Macron‘s popularity rating has slumped by 10 percentage points this month, according to an Ifop poll on Sunday—the biggest decline for a new president since 1995. The poll, published in the Journal du Dimanche newspaper, said 54 percent of people in France were satisfied with Macron in July, compared with 64 percent […]
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Congress reaches bipartisan agreement on sweeping Russia sanctions that aim to tie Trump's hands
Congressional Democrats announced Saturday that a bipartisan group of House and Senate negotiators have reached an agreement on a sweeping Russia sanctions package to punish Moscow for meddling in the presidential election and its military aggression in Ukraine and Syria. Rep. Steny Hoyer of Maryland, the No. 2 House Democrat, said lawmakers had settled lingering […]
Read moreFrench bankers pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once Britain leaves the European Union, following a meeting with France’s finance minister, Bruno Le Maire. President Emmanuel Macron’s government has already announced plans to cut payroll tax and cancel a planned extension of […]
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UK firms won’t be exempt from new EU data sharing rules – here’s why
U.K. businesses will still be forced to comply with rules that punish inappropriate sharing of consumer data, regardless of whether they leave the European Union or not. A legal expert told CNBC that a new EU law that forces companies to disclose breaches of illegal data sharing and to appoint data protection officers will take […]
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A third of Greeks at risk of poverty as Athens considers return to bond market
The Greek government might be preparing to return to the bond market but there are many structural problems that have yet to be resolved to make the economy more sustainable, an analyst told CNBC on Friday. Greece is currently on a third financial program since 2010, due to expire next year. According to James Athey, […]
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Sweden asked the public to vote on a name for a new train and this is what they came up with
A train operator in Sweden has vowed to name one of its trains Trainy McTrainface in a bid to bring “joy” to all those disappointed when the U.K. overturned a public vote to name a polar research ship with a similar quirky name. Trainy came in miles ahead when MTR Express, a subsidiary of Hang […]
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