A market correction is well overdue and investors should expect a price drop of up to 15 percent this year, Julius Baer Chief Executive Bernhard Hodler told CNBC Wednesday. “Generally I think we will see sooner or later a correction — hopefully it will be like a 5, 10, 15 percent correction, another very large […]

French coastguards are searching for the chief executive of a leading surfwear company after his boat was discovered washed ashore on a beach in the country’s south-west. Pierre Agnes, CEO of Boardriders, Quicksilver‘s parent company, set sail early on Tuesday but did not return. After the 54-year-old’s boat was discovered run aground in Hossegor, a […]

European stocks are set to open mixed on Wednesday morning, as investors await the release of economic data and corporate earnings. The FTSE 100 is expected to start 4 points lower at 7,592; while the DAX is seen up 40 points at 13,244 and the CAC 40 is set to open 10 points higher at […]

Banco Santander posted on Wednesday a 4 percent fall in fourth-quarter net profit from a year earlier after being hit by extraordinary impairments in its U.S. unit. Santander, the euro zone’s biggest bank in terms of market value, reported net profit of 1.54 billion euros ($1.92 billion) in the period October to December. Analysts had […]

Britain is seeking a free trade agreement with China, Prime Minister Theresa May said on Wednesday as she flew to the country for talks with Chinese leaders, adding that more should be done immediately to open up market access for British firms. The ambitious long-term goal of securing a free trade deal with the world’s […]

President Donald Trump once again stands accused of being soft on Russia after he bypassed a deadline to hand down new sanctions on the country. The Trump administration announced late Monday that it would not yet impose new sanctions on Russia as mandated by the Countering America’s Adversaries Through Sanctions Act (CAATSA), enacted in August […]

Sterling had been on a downward trend since the U.K.’s vote to leave the European Union in 2016, but reduced concerns over an abrupt break-up with the EU are sending the currency higher. The pound traded at $1.40 against the dollar Tuesday morning, not only boosted by a weaker dollar, but also because traders are […]

The U.S. published a sweeping list of Kremlin oligarchs and officials late Monday, triggering a fierce backlash from Russian leaders. As part of a sanctions law aimed at punishing Moscow for interfering in the U.S. presidential election, the U.S. Treasury Department published a report listing a number of individuals closely affiliated with the Russian government. […]

Child development experts and advocates are urging Facebook to pull the plug on its new messaging app aimed at kids. A group letter sent Tuesday to CEO Mark Zuckerberg argues that younger children — the app is intended for those under 13 — aren’t ready to have social media accounts, navigate the complexities of online […]

Ryanair said it would allow Britain’s pilots’ association to start negotiating on issues such as pay and holidays after the Irish budget airline recognized a trade union for the first time in its 32-year history. Europe’s biggest budget airline was forced last year to recognize unions in order to avoid a Christmas strike, after it […]