Jobs data looms and central bankers talk tough - it's time for your FX Fix.
As China’s economy slows, Hong Kong-based luxury goods distributor Jebsen & Co. is seeing early signs of weaker consumer demand. CNBC’s Christine Tan spoke to Group Managing Director Helmuth Hennig about prospects in China, a country that is expected to surpass Japan as the world’s biggest luxury market this year.
During his presidential campaign in 2007, Republican candidate Mitt Romney promised that a trust overseeing his financial portfolio would shed any investments that conflicted with GOP positions toward Iran, China, stem cell research and other issues.
While there are plenty of risks to an economic recovery, the start of 2012 is nothing like the 2008-2009 crisis, Jim O’Neill, Chairman at Goldman Sachs Asset Management told CNBC on Thursday.
Wednesdays’ rally occurred because there was phenomenal news where people least expected it, Cramer says.
Yum! Brands is on fire as the company continues to benefit from demand in China, with David Palmer, analyst at UBS. "For Yum there is evidence that their sales are accelerating and they are actually going to be okay in 2012," he says.
Solid gaming revenue growth of 40 percent seen in Macau over 2011 is not reflected in the stock price of companies operating in the world’s biggest casino center, says David Bain, Entertainment Analyst at brokerage Sterne Agee, who believes it is time to gain exposure to the undervalued casino operators.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
U.S. markets lose early gains after a surprise drop in consumer confidence. Homebuilders are down today after home prices fall again. RadioShack shares plunge after the company severely lowers its Q4 forecast. And the bull run in gold appears to remain intact.
Paul Wuh, Managing Director, Samsung Securities (Asia), says the surge in Chinese internet stocks is not only due to Facebook's IPO, but also attributed to these stocks trading significantly lower last quarter.
Although recent action may be similar, Cramer isn't so sure the market will repeat the same trajectory as last year.
Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.
There were times last year when foreigners all but vanished from the elegant wooden veranda of Kiyomizu Temple in Kyoto, one of Japan’s most celebrated tourist spots, but now they are flowing back – and most of them seem to be speaking Chinese.
U.S. authorities have raided the New York office and home of Benjamin Wey, a promoter of controversial Chinese reverse mergers, according to law enforcement officials. The Financial Times reports.
Where is Greece's Papademos? Where is Mario Monti? What happened to the prime ministers of Spain and Portugal? Were they not invited to the Davos Summit? Surely, they were.
In the last decade, Apple has become one of the mightiest, richest and most successful companies in the world, in part by mastering global manufacturing. However, the workers assembling iPhones, iPads and other devices often labor in onerous work environments, with serious — sometimes deadly — safety problems. The NYT reports.
Tim Cook, Apple chief executive, on Tuesday picked out China as having the most potential for growth. He told an analyst conference call that Apple was making some progress in Brazil, Russia and India, but China, among the Bric countries, was on a different level, with demand “staggering” and “off the charts”. The Financial Times reports.
European markets close mostly down over ongoing concerns over a Greek debt deal. Billionaire George Soros says we need to strengthen Italy & Spain. Telecom shares fall after Ericsson misses sales and profit forecasts. German business sentiment rises for the third straight month. Treasury sells $35 billion in 5-year notes at yield of .899 percent.
That was probably the most protectionist State of the Union address of my lifetime.
China’s government has spent billions in recent years in building a top-notch research establishment, hoping to keep its best scientists working here and lure back those who are abroad. And the effort is beginning to pay off. The New York Times reports.