European stocks are set to open lower Wednesday as investors focus on earnings and monitor President Donald Trump’s trip to Asia. The FTSE 100 is seen 13 points lower at 7,506; the CAC 40 is expected to start off also lower by 13 points at 5,470 and the German DAX is seen down by 52 […]
Read moreBitcoin and cryptocurrencies are unlikely to survive long-term as governments scramble to regulate them, according to the chief executive of French banking giant Societe Generale. Frederic Oudea said that, while he was a believer in distributed ledger technology — which allows data to be stored in enormous volumes across a secure network of computers — […]
Read moreSociete Generale said the French financial prosecutor had opened a preliminary investigation into possible violations by the bank of French anti-corruption laws, and had requested documents on its ties with the Libyan Investment Authority. Earlier this year Societe Generale agreed to pay nearly 1 billion euros ($1.1 billion) to settle a long-running dispute with the […]
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A purge, a resignation and declarations of war: What's going on in the Middle East?
An anti-corruption purge in Saudi Arabia in which 11 princes were arrested, the resignation of the Lebanese prime minister, and a perceived ‘declaration of war’ by Iran – just some of the news coming out of the Middle East in the last few days. CNBC explains what the tumultuous events in the region could signify. […]
Read morePresident Donald Trump said Tuesday that extreme vetting of U.S. gun owners would have made “no difference” to the Texas church shooting. Speaking at a joint press conference alongside South Korean President Moon Jae-in in Seoul, Trump was asked by a reporter whether he had considered extreme vetting for U.S. citizens seeking to buy a […]
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Apple supplier Dialog posts profit rise on strong demand for new smartphones
Dialog Semiconductor reported a 4 percent increase in third-quarter adjusted operating profit on Tuesday as it benefited from strong demand from makers of next-generation smartphones andother consumer electronics devices. Dialog, which makes chips for Apple Inc and Samsung Electronics smartphones, reported underlying operating profit of $76.6 million, above average expectations of $72 million in a […]
Read moreGerman Chancellor Angela Merkel said she wants proper talks to begin with other political parties in order to form a coalition government, but differences over immigration, climate change and euro zone reforms remain obstacles to forming a new alliance. Merkel called Monday for proper talks between her conservative Christian Democratic Union (CDU) and Christian Social […]
Read moreApple revamped its overseas subsidiaries to take advantage of tax loopholes on the European island of Jersey after a crackdown on Ireland’s loose rules began in 2013, according to The New York Times and the International Consortium of Investigative Journalists. The news outlet and the nonprofit investigative organization cited confidential records that were obtained by […]
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European markets seen higher amid earnings; oil prices slip after rally
European stocks are expected to open higher Tuesday morning, as investors monitored a fresh batch of corporate earnings while oil prices gave up some of their recent gains. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 22 points higher at 7,585, while the German DAX is set to start on […]
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It's becoming clear just how worried UK firms are about a Brexit cliff-edge
As British diplomats prepare for the latest round of Brexit negotiations in Brussels, an uncertain outcome continues to weigh on the corporate sector, particularly in the U.K. On Monday, Theresa May repeatedly insisted to an audience of business leaders that her government is trying to build “an economy fit for the future,” and she is […]
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