The Court of Arbitration for Sport (CAS) has upheld appeals from 28 out of 39 Russian athletes who were given lifetime Olympic bans for doping violations at the 2014 Sochi Games, it said on Thursday. CAS said that in the 28 cases, the sanctions imposed by the International Olympic Committee […]
CNBC News
Consumer goods giant Unilever sees accelerated sales growth
Unilever reported a bigger-than-expected acceleration in fourth-quarter sales growth on Thursday helped by a step-up in emerging markets that saw the consumer goods maker end its tumultuous year on a higher note. The maker of Dove soap and Ben & Jerry’s ice cream – which spent most of last year […]
Shell quarterly profit jumps 140% after ‘a year of transformation’
Oil giant Royal Dutch Shell reported profits more than doubled in the fourth quarter of 2017 on Thursday, supported by a recent rally in oil and gas prices. Net profit attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding […]
India’s finance minister just announced plans for a bigger deficit than many expected
India will focus on strengthening its rural and agricultural economy in the coming fiscal year, Finance Minister Arun Jaitley said on Thursday. Jaitley is presenting his fifth annual budget to lawmakers in New Delhi. This budget assumes more importance that usual because of a general election next year. “We have […]
No way I will ‘even consider’ an EU referendum for Italy, says euroskeptic leader Di Maio
The leader of the 5-Star Movement (M5S), a euroskeptic, populist party that’s doing well in Italian polls ahead of an upcoming general election, has said that he won’t “even consider” having a referendum in Italy on membership of the European Union (EU). “I wouldn’t even contemplate that last resort,” Luigi […]
EU referendum in Italy is not an option, says euroskeptic M5S party leader
The leader of the 5-Star Movement (M5S), a euroskeptic, populist party that’s doing well in Italian polls ahead of an upcoming general election, has ruled out having a referendum in Italy on membership of the European Union (EU). “We need to renegotiate some EU rules, but not in an in/out […]
Most Asian indexes advance, but China markets ease
Asian indexes traded mostly higher on Thursday after stocks in the region sold off earlier this week. The moves also followed moderate gains on Wall Street following the Federal Reserve’s decision to keep rates unchanged. The benchmark Nikkei 225 index surged 1.23 percent, as investors looked to snap a six-day […]
Amazon wants to disrupt health care in America. In China, tech giants already have
Amazon and two other American titans are trying to shake up health care by experimenting with their own employees’ coverage. By Chinese standards, they’re behind the curve. Technology companies like Alibaba and Tencent have made health care a priority for years, and are using China as their laboratory. After testing […]
India’s banks have a bad loan problem, but financial experts still see opportunity
Indian banks may have scared off some investors with the sector’s bad loan problem, but financial experts told CNBC they’re positive on Indian lenders. That’s thanks to the government’s economic management, they said, adding that it was still important to differentiate within the sector. On the one hand, India’s private […]
Kazakhstan pushes for US deals — helped by China’s investments
China’s “Belt and Road” investments in Kazakhstan are paying off, allowing the Central Asian country to promote itself as an attractive market for the U.S. and other global investors. During a Jan. 16 visit to the White House, Kazakh President Nursultan Nazarbayev declared a “new era of relations” between the […]