The European Central Bank is likely to signal in September that its 2.3 trillion euros bond-buying program would be gradually wound down next year, the Wall Street Journal reported on Thursday. Financial markets overwhelmingly expect the ECB to decide in September on the future of its stimulus policy beyond the end of this year, with […]
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U.S. hiring rose 12.1 percent in June from a year earlier, but fell 9.4 percent from May, LinkedIn reported Thursday. Still, May and June were the hottest two months for hiring by U.S. employers since the summer of 2015, the LinkedIn Workforce Report said. Dan Roth, LinkedIn editor-in-chief, told CNBC on Thursday hiring has spiked […]
Read moreThe Great Recession is nearly a decade in the rear-view mirror, yet many Americans say they still feel its effects. One in 3 people say they have yet to, or never will, recover financially from the 2007 recession, according to a new report from Country Financial. Women, African-Americans and low-income people have taken the hardest […]
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Greece’s return to bond markets could be an important error, analyst says
Greece is preparing to return to the bond markets but an early move could be costly, an analyst told CNBC on Thursday. Media reports have suggested that Athens could be preparing a bond market comeback as early as next week. The country, which is under financial supervision until next year, needs to make a smooth […]
Read moreU.S. President Donald Trump, under fire at home over Russian connections and abroad over climate change and trade, arrived in Paris on Thursday seeking common ground with France’s new leader Emmanuel Macron. After a bumpy start to relations, the two men both have incentives to improve ties — Macron hoping to elevate France’s role in […]
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AT THE start of this year, two straws in the wind caught the attention of those who follow the development of artificial intelligence (AI) globally. First, Qi Lu, one of the bosses of Microsoft, said in January that he would not return to the world’s largest software firm after recovering from a cycling accident, but […]
Read moreSanctions imposed by Arab states pushed Qatar’s inflation rate up only modestly in June, official data showed on Thursday, suggesting Doha is having considerable success in limiting economicdamage caused by its diplomatic crisis. Annual consumer price inflation rose to 0.8 percent last month from 0.1 percent in May, and remained far below a rate of […]
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Trump trouble has nothing to do with Russia, says VTB CEO: ‘We are living a quiet life in Russia'
Russia has nothing to do with the ongoing political scandals in the United States, the chief of one of the biggest Russian lenders told CNBC Thursday. The White House is once again embroiled in new controversy after Donald Trump Jr, the oldest son of the president, met a Russia lawyer who allegedly possessed damaging information […]
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Daimler reportedly accused of selling over 1 million cars with excess emissions
German carmaker Daimler has been accused of selling over a million cars with excessive emissions in Europe and the United States, Sueddeutsche Zeitung newspaper said on Wednesday, citing a search warrant issued by a Stuttgart court. Two months ago Stuttgart prosecutors searched Daimler sites in Germany following allegations of false advertising and the possible wrongful […]
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Europe to open higher after Yellen comments; Daimler seen down by 3.5%, Trump to visit France
European stock markets are set to open higher on Thursday morning as investors eye new earnings reports and look ahead to more comments from U.S. Federal Reserve Chair Janet Yellen who will testify to Congress for a second day. The DAX is set to gain 21 points to open at 12,648. The U.K.’s FTSE and […]
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