Oil prices rose as much as 2% on hopes of China’s reopening and as OPEC+ maintains output cut targets
Both futures have since pared gains, with Brent crude last trading at $86.12 a barrel, and U.S. West Texas Intermediate futures at $80.53 per barrel.
Vodafone CEO Nick Read to step down
Chief financial officer Margherita Della Valle will take over as interim group chief executive.
Chinese stocks rally on reopening hopes; Morgan Stanley upgrades to overweight
Beijing and Shenzhen announced over the weekend they would lift measures that required commuters to show negative Covid test results before travel.
Germany’s housing market is facing a serious downturn in prices, analysts say
The German housing market has been strong for decades, but analysts have some concerns.
Finding the market tough right now? Here’s how young investors can be smart with their money
Investing was hot earlier in the pandemic, but not anymore. Analysts share with CNBC Make It their top investing tips for a volatile market.
OnePlus co-founder Carl Pei’s new startup wants to launch smartphone in the U.S. to take on Apple
Nothing, the hardware venture from OnePlus co-founder Carl Pei, is in early talks with American carriers to launch a phone in the country.
Foxconn expects Covid-hit China plant to resume full production around year-end, source says
The Zhengzhou plant has been grappling with strict Covid-19 restrictions that have fueled discontent among workers over conditions at the factory.
Indonesia’s GoTo has lost almost 70% of its valuation since its April IPO
In October, GoTo had said it was working with pre-IPO shareholders to explore a coordinated secondary offering of their shares before the lock-up expired.
Three pharmaceutical stocks were last week’s top performers — and analysts gave one 40% upside
Global stocks rose last week. These are the ones under the MSCI World index that posted gains of more than 10% over the week ended Dec. 2.
Don’t want to travel? New data shows you’re not alone
Travel companies say pent-up demand isn’t slowing down, but several new reports suggest otherwise, reports CNBC’s Monica Pitrelli on “Squawk Box Asia.”
