CNBC Daily Open: Markets reeled as Fed officials confirmed commitment to high interest rates
Hawkish sentiment from Fed officials and higher manufacturing prices weighed on stocks and buoyed Treasury yields, giving markets a bad start to March.
Renault, Geely ink pact with Aramco for engine venture
The Saudi oil producer would become a potential minority stakeholder in a new powertrain technology company, the companies said in a joint statement Thursday.
Singapore’s online portal PropertyGuru remains in the red even as fourth quarter revenue jumped
PropertyGuru stays in the red for the fourth quarter of 2022, after slipping from a net profit position in the second quarter.
Major fears are sweeping into Israel’s economy
A proposed Israeli law would effectively end the role of country’s Supreme Court as a check on executive and legislative power. Investors are taking notice.
Inflation’s direction will drive crypto’s action in March now that the 2023 rally has faded
Crypto could be in for a sideways month as inflation concerns come back into focus.
Property developer China Vanke raises nearly $500 million in share sale
The developer said it intended to use 60% of the proceeds to repay its outstanding overseas debt financing, and the remaining to replenish working capital.
Taiwan reports second day of large Chinese incursion into its air defense zone
Taiwan’s defense ministry said the aircraft, 17 J-10 fighters and four J-16 fighters, had flown into the southwestern corner of Taiwan’s air defense zone.
Defense contractors target Australia as it gears up to counter China
Like other countries, Australia is focusing increasingly on securing more local production and supply stocks after depletions caused by the war in Ukraine.
Layoffs are set to continue. But workers from this sector may escape
Only 10% of organizations are likely to cut jobs in cybersecurity, compared to an average of 20% in other areas, according to a survey by ISC2.
This India ETF is the only one among its peers that’s risen this year — and pros see more upside
It is the only India-focused ETF traded in North America or Europe that has managed to stay in the green despite a challenging year for Indian stock markets.
