U.S. carmaker General Motors will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday.
Risky assets have risen too much, too soon and too fast, but investors won't get an obvious sign that a correction is starting and will have to gauge fundamentals, Yogi Dewan, founder of Hassium Asset Management, said Thursday.
Global stocks were mostly lower Thursday as concerns about the pace of the recovery reared its head. Experts told CNBC they expect dollar weakness for some time to come and suggest staying out of cash.
The number of U.S.-dollar millionaires in China is expected to nearly double in five years, luring private bankers eager to help them invest an expected combined wealth over $7.6 trillion by 2013, Boston Consulting Group (BCG) said on Thursday.
Global stocks and commodities rebounded on Wednesday, with gold rising to a fresh high near $1,150 an ounce. Experts told CNBC stocks are likely to rally through until the end of the year.
Improper payments by the U.S. government to people, firms and contractors rose sharply to $98 billion in fiscal 2009 and President Barack Obama plans new rules to clamp down, the White House said Tuesday.
Tuesday, 17 Nov 2009 | Source: The Associated Press
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
The Federal Reserve Bank of New York gave up much of its power in high-pressure negotiations with the American International Group’s trading partners last year, according to a government report made public on Monday.
The period of seasonal weakness is over, the correction was less than expected, and the underlying trend is ‘jolly strong’ heading into six months of growth, Robin Griffiths, strategist at Cazenove Capital, told CNBC Monday.
Global stocks gained Monday as gold hit a fresh new record above $1,130 an ounce. Experts told CNBC the energy sector face a malaise in the short-to-medium term, but Asia still holds a lot of investment potential.
Global stocks were mixed Friday as the dollar eased from gains made the previous day. Experts told CNBC investors with a longer-term time horizon should stay fully invested.
General Motors reaffirmed on Friday it wants state aid to help overhaul European arm Opel after a newspaper quoted GM's chairman as saying the U.S. carmaker will not ask German taxpayers for help.
President Barack Obama has promised to broach the yuan's exchange rate when he visits China from Nov. 15-18, putting the spotlight on a controversial issue that has the potential to shake currency markets and diplomatic ties.
Global stocks were mixed Thursday as gold hit a new higher above $1,120. Experts told CNBC that stocks in the U.S., Europe and China still look attractive.