A pedestrian walks by the entrance to Lombard Odier in Geneva, Switzerland. Bloomberg | Bloomberg | Getty Images Lombard Odier — one of Switzerland’s oldest private banks — was indicted by Swiss prosecutors on charges of aggravated money laundering. In a release on Friday, the Office of the Attorney General of Switzerland, or OAG, said … Read more
This photograph taken on January 11, 2024, shows a general view of the Adani Group owned Mundra Port in Mundra. Punit Paranjpe | Afp | Getty Images Shares in India’s Adani Group climbed further on Friday, resuming a multi-day rally on the back of the group’s statement refuting bribery charges against its billionaire chairman, Gautam … Read more
People walk past the entrance of a cryptocurrency exchange office on November 08, 2024 in Istanbul, Turkey. Chris Mcgrath | Getty Images News | 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 … Read more
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images Shares of key global semiconductor equipment firms jumped on Thursday after a report that the U.S. is considering … Read more
A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. Maxim Shemetov | Reuters The OPEC+ oil alliance postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources told … Read more
A pedestrian walks past signage for the Bank of Korea in Seoul, South Korea, on Monday, Nov. 22, 2021. SeongJoon Cho | Bloomberg | Getty Images South Korea’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move. Economists polled by Reuters had estimated the bank … Read more
President-elect Donald Trump picked Kevin Hassett to lead the National Economic Council, a role that puts him at the center of the administration’s policy-making discussions from trade to taxes and deregulation. Trump made the announcement in a post on Truth Social. He also tapped attorney Jamieson Greer on Tuesday to serve as the U.S. Trade Representative, rounding out … Read more
SEBASTIEN BOZON | AFP | Getty Images France’s government is hanging by a thread with the far-right National Rally party threatening to bring down Prime Minister Michel Barnier’s administration by the end of the year. National Rally’s figurehead Marine Le Pen suggested Monday that talks with Barnier, aimed at extracting concessions on a tax-hiking 2025 … Read more
A large number of machinery and vehicles are ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in Lianyungang, China, on September 27, 2024. Costfoto | Nurphoto | Getty Images China’s industrial profits dropped by 10% in October from a year ago, in another sign that Beijing’s stimulus measures have … Read more
Workday CEO Carl Eschenbach walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 14, 2023. Kevin Dietsch | Getty Images Workday shares slipped as much as 11% in extended trading Tuesday after the human resources and finance software maker issued a quarterly forecast that came … Read more