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World
North Korea’s Kim says he ‘believes in’ Trump ahead of second summit
North Korean leader Kim Jong Un spoke highly of U.S. President Donald Trump, state media said on Thursday, and expressed satisfaction over the results of talks between officials from both countries about a second summit between Kim and…
Asian markets cautious amid uncertainty over global economy; Australia jobs data beat estimates
Asia stocks traded cautiously on Thursday morning amid uncertainty over the outlook for the global economy and the ongoing U.S.-China trade fight.
Japan's Nikkei 225slipped 0.17 percent in morning trade while the Topix index recovered…
Asian markets mostly higher despite global uncertainty; Australia jobs data beat estimates
Asia stocks mostly traded higher on Thursday afternoon despite uncertainties surrounding the global economic outlook as well as the ongoing U.S.-China trade fight.
The mainland Chinese markets, watched in relation to the ongoing trade…
Asian markets mostly higher despite global uncertainty
Most Asian markets closed higher on Thursday amid uncertainties surrounding the global economic outlook as well as the ongoing U.S.-China trade fight.
The mainland Chinese markets, watched in relation to the ongoing trade fight between…
Break in US-Venezuela relations raises fresh concerns for oil market and OPEC
A sudden escalation in long-burning tensions between the United States and Venezuelacould have far-reaching ramifications in the oil market, where the Bolivarian Republic remains a significant player despite its plunging output.
On…
Ford misses profit estimates as pension and layoff costs erode earnings
Ford‘s reorganization plans showed up in its fourth-quarter earnings Wednesday as pension and layoff costs eroded the company’s profit and caused it to miss earnings estimates — despite posting stronger-than-expected sales.…
These stocks historically jump the most during the first earnings season of the year
There are certain stocks that historically post big gains after reporting fourth-quarter earnings.
Bespoke looked back at the past eight fourth quarter reporting periods and found stocks that jumped the most on earnings reporting day. It…
Venezuela’s Maduro breaks relations with US, gives American diplomats 72 hours to leave…
Venezuelan President Nicolas Maduro said on Wednesday he was breaking diplomatic relations with the United States, after the Trump administration recognized opposition leader Juan Guaido as the South American country's interim president.…
German minister lends support to Deutsche Bank, says it can ‘recover’ despite setbacks
The German government believes that the embattled lender, Deustche Bank, is in a sound and healthy state despite recent setbacks, the country's economy minister told CNBC Wednesday.
Deutsche Bank has been struggling for about a decade, …
Germany to invest more amid economic struggles and headwinds, says health minister
Germany will take a new approach to its economic policy amid "struggles" and "headwinds," the country's health minister told CNBC Wednesday in Davos.
There are growing concerns about the state of the German economy after some recent…
Trump recognizes Venezuela opposition leader as interim president amid unrest
Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, while hundreds of thousands of Venezuelans poured onto the streets to demand an end to the socialist government of President Nicolas Maduro.
In a…
DAMAC chairman calls bottom for Dubai property market, sees value in Brexit
A major Emirati property developer believes Dubai's property market has bottomed out — but says there remain at least two more tough years ahead before a full rebound.
"2018 has been a difficult year, prices have come down, sales have come…
WTO director: Trump and Abe are right, we could do better
The director-general of the World Trade Organization (WTO) told CNBC that disapproval of his organization is fair and the trade body could do better.
Earlier on Wednesday, Japanese Prime Minister Shinzo Abe told a Davos audience that the…
Egypt wants an Apple hub despite ongoing fight over iPhone prices
Egypt would like to see a more direct physical presence from tech giant Appleeven as the two are caught up in conflict over local iPhone sales, the country's Prime Minister Mostafa Madbouli said Wednesday.
"I think Egypt is a big market…
Stop portraying Arab women as victims, leading Saudi filmmaker says
Acclaimed Saudi Arabian filmmaker Haifaa al-Mansour has a message for Western audiences: stop seeing Arab women as victims.
Portraying the women of her region as strong and resilient is one of the missions of her highly-awarded films,…
Germany’s Merkel says she has ‘grave doubts’ about the incoming world order
German Chancellor Angela Merkelhas "grave doubts" about a changing approach to global affairs in which compromise and multilateralism seem to be lacking.
"There is a new approach that we see in the world today, an approach that harbors…
‘Bitcoin will go to zero’: Davos talks up the future of blockchain tech
The price of bitcoincould nosedive to zero, a top investor in the crypto space told CNBC during a debate, which focused on the future of the underlying technology known as blockchain.
Cryptocurrencies had a wild year in 2018, with over…
Standard Chartered chief pushes back on report that its biggest shareholder is unhappy
Standard Chartered'slargest shareholder is "very supportive" of the company, chief executive Bill Winters said Wednesday, following a report that it is increasingly unhappy with his restructuring efforts.
Singapore's state-owned…
Bill Gates: My ‘best investment’ turned $10 billion into $200 billion worth of economic…
Investing in global health organizations aimed at increasing access to vaccines created a 20-to-1 return in economic benefit, billionaire Microsoft co-founder and philanthropist Bill Gatestold CNBC on Wednesday.
Over the past two…
Nobel winner Robert Shiller says there’s still a risk of a full-blown bear market
U.S. stock markets may have recovered slightly from sharp falls at the end of last year, but there's still a risk of a significant downward trend, Robert Shiller, a professor of economics at Yale University and a Nobel laureate, told CNBC…
Japanese leader Abe tells Davos audience to rebuild trust in global trade
Japanese Prime Minister Shinzo Abe told an audience at the World Economic Forum in Davos on Wednesday that it was time to "rebuild trust" in international trade.
His speech comes at a time when the United States is pulling back from free…
ECB shouldn’t change policy now amid trade war and Brexit concerns, bank CEO says
The European Central Bankshould wait before announcing any new policy changes given that there are so many geopolitical uncertainties in the world, the CEO of the Dutch lender ING told CNBC Wednesday.
The central bank is due to meet…
UK trade minister says he sees ‘good chance’ of a Brexit deal
BritishTrade Secretary Liam Fox told CNBC on Wednesday that he believed there was a "good chance" of securing an exit deal with the European Union.
UK lawmakers are proposing alternative plans to the current agreed deal with the EU after…
China could completely cut off investment into Silicon Valley amid Huawei bust-up
China could completely cut investment into the Silicon Valley, according to the former deputy governor of the People's Bank of China, following intense scrutiny of the world's largest telecom equipment maker.
Chinese tech giant Huawei is…
Millionaire magician David Blaine reveals the $1 hack that simplifies all his career decisions
American illusionist David Blaine has spent more than two decades stunning audiences and amassing a notable fortune with his extreme — and even unearthly — endurance feats.
But when it comes to managing his career, he follows one very…
Sanctions on Moscow hurt the US long term, Russia’s wealth fund head says
U.S. sanctions on Moscow are starting to hurt America more than Russia, the chief executive of Russia's sovereign wealth fund told CNBC Wednesday.
"Of course, we believe sanctions are wrong, and particularly U.S. sanctions, because they…
Shares of Apple supplier Japan Display surge 19 percent following report of bailout talks
Shares of Japan Display skyrocketed on Wednesday following a report that the Apple supplier was in talks for a bailout following the disappointing sales of the iPhone XR.
By the stock market's close in Tokyo Wednesday, the Japanese screen…
The global economic slowdown is ‘strongly welcome,’ Indonesia investment chief says
The recent softening of global economic growth is "strongly welcome," Indonesia's investment chief told CNBC Wednesday, warning of financial risks that had been building up in China and beyond.
"I would go as far to say 'thank God' for the…