Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe’s second-biggest bank by market capitalization.
CNBC Daily Open: The great tech retreat
Silicon Valley’s sell-off gathers speed in Asia, with chip-heavy indices bearing the brunt of the declines, while tensions in Iran send oil prices higher.
Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here’s why
The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world’s standout performers thus far.
SoftBank drops 6% as tech stock sell-off accelerates in Asia
The tech stock sell-off accelerates in Asia. Tech stocks fell in Europe but rebounded later on Monday.
China’s Xi to visit North Korea for first time in seven years as Beijing tests its influence over Kim
North Korea may use the summit as an opportunity to press for economic concessions or Beijing’s “tacit recognition” of its nuclear status, analysts say.
CNBC Daily Open: Washington’s ‘war of choice’ extends past 100-day mark
The war was supposed to end in “four to five weeks” and not morph into an “endless” conflict, but its end date is becoming increasingly blurry.
Hong Kong’s IPO boom is developing a performance problem
As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing.
Oil prices pull back from highs after Trump says Israel and Iran want a ceasefire
Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.
S&P 500 closes higher as chips stage a comeback, Iran stops strikes on Israel
The S&P 500 and Nasdaq Composite were higher on Monday as chip stocks rebounded from Friday’s rout.
Inflation inside the electronics you buy may soon become a bit more sticky
Most consumers are not familiar with the role resin plays inside electronics like smartphones. A current shortage of the materials may push up prices.
