The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures … Read more
Family handout Jan Franco (left) was stabbed to death in Havana, aged just 19 The late leader of the Cuban Revolution, Fidel Castro, once famously called Cuba “the safest country in the world”. In terms of the island’s low rates of violent crime and the scarcity of guns circulating among the civilian population, he may … Read more
Republican presidential candidate former U.S. President Donald Trump speaks at a rally at the Aero Center Wilmington on September 21, 2024 in Wilmington, North Carolina. Anna Moneymaker | Getty Images The Senate unanimously passed legislation Tuesday to boost Secret Service protection for presidential candidates, sending the bill to the White House for President Joe Biden‘s signature. … Read more
A screen grab captured from a video shows police forces arresting Ryan Wesley Routh, who is the suspect in an apparent assassination attempt on former United States President Donald Trump in Florida, United States on September 16, 2024. Martin County Sheriff’s Office | Anadolu | Getty Images Federal prosecutors have charged the man who was … Read more
People shop at a home improvement store on August 14, 2024, in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more
The Federal Reserve surprised markets earlier this month when it cut interest rates by 50 basis points , signaling a shift toward preserving economic growth. The move prompted Wall Street giants Barclays and Citi to adopt a more optimistic stance on global cyclical stocks. Cyclical stocks are generally sensitive to interest rates and economic growth, … Read more
A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Asia-Pacific markets open higher on Wednesday, while futures for Hong Kong’s Hang Seng Index suggested a 4% rise for the index when trading starts. HSI futures were … Read more
Getty Images Zelensky’s plan is designed to be a “bridge” towards stopping the war (file pic) As Ukraine’s Volodymyr Zelensky prepares to reveal a “Victory plan” to President Joe Biden on Thursday, Kyiv is looking to the US leader for a strong show of support before he leaves the White House. A senior official in … Read more
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Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — China’s Ministry of Commerce said Tuesday it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions around its Xinjiang supply chain. … Read more