It would be “wrong” to tweak an investment portfolio in a knee-jerk reaction to North Korea’s missile launches, said the co-chief executive of the newly-merged asset manager Standard Life Aberdeen. Martin Gilbert, speaking to CNBC on Friday, said investors should “just ignore it at the moment.” His comments came after the hermit state launched another […]
Read morePortugal’s credit rating is set to return to the headlines Friday as Standard & Poor’s updates its opinion on the southern euro zone economy. This could be just another statement if the country wasn’t hanging on to its one and only investment grade. Canada’s DBRS is the only credit rating agency willing to give Portugal […]
Read moreShipping giant A.P. Moller-Maersk is taking the right steps to improve shareholder value, said the company’s former group chief executive. The conglomerate is currently in the midst of separating its transport and logistics businesses from its energy operations — an effort that’s been many years in the making, Nils Andersen told CNBC on Friday. Maersk […]
Read moreSolar power is growing exponentially as a key source to meet the world’s energy needs, the chief executive of a panel maker told CNBC on Friday. Steve O’Neil, CEO at Norway-headquartered firm REC, said that was likely due to the falling cost of solar energy as a result of technological developments. “Solar is growing exponentially […]
Read moreBarclays’ chief executive, under investigation for a 2016 incident, has done “a fantastic job” in restructuring the bank amid challenges such as Brexit, according to the British bank’s chairman. The bank’s CEO, Jes Staley, is being investigated by regulators regarding his individual conduct after he attempted to identify a whistle blower. Staley admitted to making […]
Read morePhilippine President Rodrigo Duterte appears committed to improving the country’s infrastructure as part of economic reform plans, and that could bring about huge opportunities for businesses, Jaime Augusto Zobel de Ayala, chairman and CEO of Ayala Corporation, told CNBC. “They really feel very keenly about making a major contribution in that sector and they’re allocating […]
Read moreThe biggest factor influencing businesses today is technology, said a top bank executive on Friday from the Singapore Summit. “Technology is changing the way we operate. Technology will change competition, terms of competition and this is positive,” said BNP Paribas Chairman Jean Lemierre. “We need to accept this, we need to invest, we need to […]
Read moreCurrency, United States Finance
European markets set to open lower as North Korea fires another missile
European stocks are set to open lower after North Korea sent another missile over Japan into the Pacific Ocean. The FTSE 100 is seen down by 5 points at 7,385; the DAX is set to open lower by 30 points at 12,534 and the CAC 40 is seen off by 15 points at 5,207. Most […]
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Why American retailers are finding it difficult to adapt to the UK market
U.S. fashion brands need to adapt their strategy if they want to compete in the U.K. market. American retailers such as Forever 21 are losing space in the U.K. with shoppers preferring home brands. This is because British brands are more client focused, offer better shopping experiences and are likely to have a more loyal […]
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Trump likely to fail on almost every campaign pledge in 2017, say global CFOs
President Donald Trump is on course to ring in the new year without having passed almost any of his campaign promises into law, according to a new survey conducted by CNBC. Chief financial officers (CFOs) from some of the world’s largest firms said they had become increasingly pessimistic that the former New York businessman would […]
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