A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Inflation fears roiled the markets in 2022. Now, investors may have scarier things … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Poppy Mcpherson and Panu Wongcha-Um Publishing date: Nov 19, 2022 • 25 minutes ago • 4 minute read Join the conversation Article content BANGKOK, Nov 19 (Reuters) – Leaders of the 21-member APEC bloc pledged on Saturday to boost trade and do more to tackle other … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Poppy Mcpherson and Panu Wongcha-Um Publishing date: Nov 18, 2022 • 5 minutes ago • 3 minute read Join the conversation Article content BANGKOK — Leaders of the Asia-Pacific Economic Cooperation (APEC) forum wrap up talks on Saturday, as host Thailand seeks to focus the 21-member … Read more
Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Nov 17, 2022 • 7 minutes ago • 1 minute read Join the conversation Article content Gold prices fell on Thursday, weighed down by a strong dollar after better-than-expected U.S. retail sales data clouded hopes of a smaller rate hike, while safe-haven demand from latest … Read more
London +0.19%. UK October CPI +11.1% vs +10.7% y/y expected. Germany -0.51%. France -0.02%. The pan-European Stoxx 600 slipped 0.5% below the flatline, with autos shedding while oil and gas stocks gained. In bond market, The yield on 10-year Treasuries was up more than one basis point to 3.80%. Germany’s 10-year yield was up more than two basis point to 2.12%. … Read more
(Bloomberg) — Stocks swung between gains and losses, and Treasuries rose as geopolitical worries from Europe fueled a move away from risk assets. Most Read from Bloomberg The S&P 500 oscillated after wiping out a gain of more than 1% as a spokesman for Poland’s government said the nation’s national security had convened a meeting. … Read more
Breadcrumb Trail Links PMN Business The energy crunch intensified by Russia’s invasion of Ukraine has set the stage for backsliding. Author of the article: Bloomberg News Marc Champion and Salma El Wardany Publishing date: Oct 23, 2022 • 54 minutes ago • 5 minute read • Join the conversation Former US Vice President Al Gore Photographer: … Read more
Lazard has set up a unit of advisers to counsel chief executives and company directors on geopolitical risks, as the boutique investment bank bets it can boost fees by combining financial advice with guidance on an increasingly chaotic world. The firm’s new geopolitical advisory team is being launched as multinational corporations grapple with volatile events … Read more
Last December, South Korean semiconductor company Magnachip reluctantly announced the demise of its proposed $1.4bn merger with Chinese private equity firm Wise Road Capital. Apart from its listing on the New York Stock Exchange and a nominal corporate presence in Delaware, Magnachip has no substantive operations — in manufacturing, research and development or sales — … Read more
Rising geopolitical tension, high inflation and a cyclical downturn in chip demand have triggered “some panic” in the chip industry, the chief of China’s largest semiconductor maker has warned, in comments that follow a week of Chinese military exercises near Taiwan. The overlap of factors that include the threat of “regional conflict overseas” had “brought … Read more