South Korea’s finance minister says country is at a ‘turning point’ in relations with Japan
South Korea’s finance minister says the nation sees a “turning point” in economic relations with Japan.
Jeep, Dodge maker Stellantis posts first-quarter revenue jump as chip supply eases
Carmaker Stellantis on Wednesday posted a 14% annual rise in first-quarter net revenues as an easing of semiconductor supply chain pressures boosted shipments.
After First Republic’s rescue, economists predict further pain with a ‘new era’ of higher inflation
Turmoil in the banking sector means central banks face in increasingly “delicate dance” in their efforts to rein in inflation, World Economic Forum Managing Director Saadia Zahidi told CNBC.
Britain takes further step towards London listings overhaul
The U.K. financial regulator has proposed scrapping ‘premium’ and ‘standard’ listing segments as it seeks to attract bigger listings.
France’s BNP Paribas doubles profits in first quarter with Bank of the West sale
BNP Paribas, the euro zone’s biggest bank, saw profit more than double in the first quarter from a year ago, bolstered by the sale of its U.S. retail division while revenue beat estimates.
India’s ties with Russia remain steady. But Moscow’s tighter embrace of China makes it wary
Moscow has also grown close to Beijing since invading Ukraine, and that raises critical national security concerns for New Delhi.
Countries on the South China Sea get pulled and pushed in two directions simultaneously by Beijing
Asia-Pacific countries have to balance their trade relationships with China and the “indisputable problem” of China claiming the South China Sea as its own, CNBC’s Ted Kemp reports.
Bank of Korea governor says it’s ‘premature’ to talk about rate cuts
“It would be a little bit premature to talk about pivot at this moment,” Bank of Korea Governor Rhee Chang-yong told CNBC.
Michael Milken says recent crisis is the same mistake banks have been making for decades
Famed investor Michael Milken said the current banking crisis stemmed from a classic asset-liability mismatch that had played out miserably time and again.
Ford restores faith with quarterly results, while Starbucks proves to be a China play
Club holding Ford (F) on Tuesday showed investors it had righted the ship in the first quarter, while Starbucks’ (SBUX) quarterly sales were bolstered by China.
