01 May 2019, Venezuela, Caracas: Demonstrators critical of the government clash with the security forces of the state. After the last conflict-laden days, interim president Guaido, with the support of his supporters, wants to continue exerting pressure on head of state Maduro. Rafael Hernandez | picture alliance via Getty Images […]
CNBC News
VW profits meet expectations, warns of rising economic risks
The Volkswagen logo is displayed at Serramonte Volkswagen on November 18, 2016 in Colma, California. Justin Sullivan | Getty Images Volkswagen reported first-quarter earnings in line with expectations on Thursday, as the automaker attempts to increase the pace of its transformation. The German firm posted operating profit of 3.9 billion […]
VW says it’s ‘optimistic but also realistic’ after US tariff threat on cars
The Volkswagen logo is displayed at Serramonte Volkswagen on November 18, 2016 in Colma, California. Justin Sullivan | Getty Images Volkswagen said Thursday it would continue to hope for the best possible outcome amid heightened fears that the U.S. could soon impose tariffs on EU cars. But, the German automaker […]
Despite headwinds, Asia’s developing economies are still set to grow ‘very steadily,’ ADB says
Despite rising headwinds and concerns about a slowdown in the global economy, Asia’s developing economies are still set to grow “in a very steady way,” the president of the Asian Development Bank said Thursday. Speaking to CNBC at the ADB’s annual meeting in Fiji, Takehiko Nakao said discussions about a […]
Don’t blame state banks for weakness in India’s economy, says the country’s largest lender
Customers exit from a State Bank of India Bank (SBI) branch in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images Some signs of weakness have shown up in the Indian economy in recent months, but the country’s state banks are not the culprit behind those issues, the chairman of […]
London Stock Exchange CEO hints at how the 300-year-old trading venue could use blockchain
London Stock Exchange Rob Stothard | Getty Images London’s more than 300-year-old stock exchange is one of the oldest in the world. Fast forward to the digital age, and it’s thinking about how it can deploy new technologies like the blockchain. Nikhil Rathi, CEO of the London Stock Exchange, hinted […]
Credit Suisse says global trends will boost these sectors
Global trends are changing many facets of business and politics. While some of those, such as protectionism and political tensions, may be hurting economies, there are still ways for investors to come out on top, according to Credit Suisse. In a report issued at the Credit Suisse Global Supertrends Conference […]
Indonesia plans to move its capital from Jakarta. Here’s why
A bird’s eye view of commercial and residential buildings stand as seen from a skyscraper during construction development in Central Jakarta. Ardiles Rante | Barcroft Media | Getty Images Indonesia, the world’s fourth most populous country, is planning to move its capital away from Jakarta, which is suffering from severe […]
Ex-CIA officer pleads guilty to conspiring to spy for China
A man crosses the Central Intelligence Agency (CIA) seal in the lobby of CIA Headquarters in Langley, Virginia, on August 14, 2008. Saul Loeb | AFP | Getty Images A former CIA officer has pleaded guilty to conspiring to pass U.S. defense and intelligence secrets to China, the Justice Department […]
China has blocked two Canadian pork exporters, Canada agriculture minister says
Grocery store in Toronto, Ontario, Canada, on March 31, 2019. Creative Touch Imaging Ltd | NurPhoto | Getty Images Canada’s agriculture minister said on Wednesday that her department officials have told her the Chinese government has suspended the export permits of two Canadian pork exporters, marking the latest irritant in […]