Stocks are the ‘asset class of choice’ as markets are now used to bad news, strategist says
Stocks are still the “asset class of choice” even as geopolitical risks mount, says Beat Wittmann, partner at Porta Advisors.
World’s largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks
Norway’s sovereign wealth fund, the world’s largest, was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector.
HSBC fined $73 million for ‘serious failings’ in UK deposit protection
This is the second largest fine ever imposed by the PRA, topped only by an 87 million pound penalty on Credit Suisse in July 2023.
Renault shares jump after scrapping plans to list Ampere EV unit
Shares of French car maker Renault jumped 5% in early deals Tuesday, hours after cancelling plans to publicly list its new electric vehicle and software business.
CNBC Daily Open: Fed rate cut timing in focus
The timing of interest rate cuts is certainly the top issue on the minds of most investors.
Saudi Arabia’s Aramco halts plans to increase maximum oil production capacity
Saudi Arabia’s state-controlled Aramco on Tuesday announced it is pausing plans to raise its maximum crude production capacity.
India set to be world’s third largest economy by 2027, finance ministry says
India could become the world’s third-largest economy by 2027 with a gross domestic product of $5 trillion, the finance ministry has said.
Boeing’s reputation takes a hit after 737 Max 9 fallout, survey shows
Net trust in Boeing dropped 12 percentage points among U.S. adults after a door panel blew off a Boeing 737 Max 9 jet on Jan. 5.
Hong Kong leaders start legislative push to tighten national security laws
Hong Kong’s leader confirmed his intention to pass new national security laws soon, saying the city has the constitutional responsibility to impose them.
Race for China’s EV market could last 3 years, BYD says, claiming it wants to work with Tesla
Heated competition for China’s electric car market will likely last two to three years, a BYD representative said Monday.
