BlackRock says European companies are showing ‘surprise resilience’ — and better value than the U.S.
European corporate earnings were surprisingly resilient in the fourth quarter of 2022, and the continent’s stock outperformance of the U.S. looks set to continue, according to BlackRock.
‘Let’s bring France to a halt’: Oil refineries blocked and trains halted by pension reform protests
Unions want to get two million people onto the streets and are turning to rolling strikes, as they protest plans to raise the pension age from 62 to 64.
Commercial real estate has a ‘shock coming’ as return-to-office plans fall short, CEO says
Offices in the future could work in a similar way to gas stations, Mark Dixon, CEO of flexible office company IWG, told CNBC.
How China’s shifting growth picture could hit global markets
China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will “disappoint” global markets, according to David Roche.
Oil chief leading COP28 climate summit urges energy industry to ‘up its game’ to reduce emissions
The head of the United Arab Emirates’ state oil company was seen as a controversial choice to lead the COP28 climate talks in Dubai later this year.
CNBC Daily Open: Powell to speak in Congress – markets are mixed on expectations
U.S. Federal Reserve Chair Jerome Powell will testify before Congress as a week packed with economic data releases lies ahead.
Japan’s new rocket fails after engine issue, in blow to space ambitions
Upon reaching space, the rocket’s second-stage engine failed to ignite, forcing mission officials to manually destroy the vehicle.
South Korea’s slowest inflation in 10 months bolsters views for no more hikes
The BOK held interest rates steady last month and said the monetary tightening campaign would stop if inflation followed an expected path towards moderation.
Morgan Stanley’s guide for tech investors playing the end of this bear market — and the start of the next bull
The Wall Street investment bank expects that stocks are about three months away from a bear market low, and urges investors to start positioning now.
China denies Mark Mobius’ claims that its government is restricting capital flow
Chinese authorities denied claims of billionaire investor Mark Mobius saying that he is unable to wire funds out of China due to government restrictions on capital flow.
