5 Hours Ago Alibaba’s overhaul could be followed by technology peers: KraneShares Alibaba’s major shakeup could be followed by its Chinese technology peers, according to KraneShares’ CIO Brendan Ahern. “I think investors are saying what we saw in Alibaba, really the leader in China tech, that their plans might be utilized by others,” Ahern said, … Read more
Sen. Tim Scott, R-S.C., right, greets Michael Barr, off camera, vice chair for supervision of the Board of Governors of the Federal Reserve System, in Dirksen Building on Tuesday, March 28, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC … Read more
The total deal value for the region plunged by 44% from $354 billion in 2021 to $198 billion in 2022, Bain & Co said in a Tuesday report. China and India accounted for a drop of $35 billion in total deal value for large growth deals for the year, it said. Asia-Pacific’s private equity market … Read more
Market will probably probe any signs of weakness: JPMorgan The market will see near-term pressure on bank stocks as they continue to “probe any signs of weakness to see if they push hard enough things will break,” says Kerry Craig, Global Market Strategist at JP Morgan Asset Management. Shares of Deutsche Bank’s U.S.-listed shares on … Read more
43 Mins Ago IMF says China’s economy shows signs of strong recovery International Monetary Fund managing director. Kristalina Georgieva said China is showing signs of robust economic recovery. In remarks delivered in the 2023 China Development Forum, Georgieva said China’s economy is seeing a strong rebound, with the IMF’s January forecast putting China’s GDP growth … Read more
Treasury Secretary Yellen says emergency actions to backstop banks could be used again if needed Treasury Secretary Janet Yellen said Thursday that the federal emergency actions used to backstop Silicon Valley Bank and Signature Bank customers could be used again if necessary. “We have used important tools to act quickly to prevent contagion. And they … Read more
Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting at the Federal Reserve on March 22, 2023 in Washington, DC. Alex Wong | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors … Read more
3 Hours Ago Healthcare and consumer cyclicals lead Hang Seng higher The Hang Seng index led gains in the Asia-Pacific region on Wednesday, powered by health-care and consumer cyclical stocks. Shares of Geely saw the biggest moves, up 7.16% after the automaker posted a 45.6% year on year gain in revenue for the whole of … Read more
CNBC Pro: RBC names 5 global financial stocks to buy right now as banks sell off The recent share price falls in European financial institutions have presented a buying opportunity, according to RBC Capital Markets. The investment bank named five stocks to buy during the share price dip, noting that these financial institutions are not … Read more
Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS agreed to buy its rival Credit Suisse. Swiss regulators played a key role in orchestrating the forced takeover, to stem a larger banking crisis that would threaten the global system. From Hong Kong to Australia … Read more