The headline this morning from Automotive News is hardly surprising, but it is another reminder of how the U.S. auto industry has changed dramatically in recent years. The latest data shows Japan surpassed the U.S. last year to become the world's #1 vehicle producer. It's the first time in 12 years Japan has outpaced the U.S. Not only that, but the Asian country is on track this year to expand its lead.
The headline is the shorthand for Mark Tinker's current investment approach. The Axa Framlington fund manager has a remit to buy global equities and is very focused on opportunities in Asia. Mark was our Guest Host on "Squawk Box" Monday.
Ten years removed from the Asian financial crisis of 1997 the countries which were most affected by the event have rebounded and then some, and market pros say the risk of similar events in the future have decreased now and emerging markets continue to look like a good long-term bet.
India and the U.S. pressed one another to watch out for poor countries' interests in global trade talks, but struck a conciliatory note less than a week after acrimony erupted in the WTO's Doha round.
The main challengers to U.S. economic power -- Brazil, Russia, India and China -- have overtaken the United States in dominating the global energy industry, according to a new study by Goldman Sachs.
In a special edition of "Power Lunch at the Four Seasons," Abby Joseph Cohen, the chief U.S. portfolio strategist at Goldman Sachs, offered her perspective on the markets, the S&P 500 and the global economy to CNBC's Bill Griffeth.
Airbus added more multi-billion dollar orders to its Paris air show haul on Wednesday, but analysts said the bonanza did not herald a new dawn for the troubled European aircraft maker.
The domestic portion of ICICI Bank's initial public offering received an overwhelming response today from investors hoping the bank will benefit from India's surging economy and was more than two times oversubscribed.
Citigroup is keen on selling 80% of its business process outsourcing (BPO) arm in India for $700-$750 million, the Mint said on Tuesday, on the heels of Blackstone's acquisition of a back-office firm.
Stephen Roach, Morgan Stanley’s new Asia chairman, shared insights on China and the global economy on “Closing Bell.” “The world economy is certainly a fairly resilient place, in being able to withstand even a tough blow in China,” Roach told CNBC’s Maria Bartiromo. While the East Asian country exhibits “great growth on the surface,” Roach explained, but it’s “unbalanced.”
India’s largest mining company, one Cramer says has “steroidal growth,” should be trading in the U.S. soon. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Jason Trennert, chief investment strategist for Strategas Research Partners, told CNBC’s “Squawk on the Street” that he believes the market will move higher despite the recent downdraft.
A global solution is needed to tackle climate change and the inclusion of the United States in any agreement is vital, European Commission President José Manuel Barroso president, told CNBC Europe.
Michael Morris, chairman of Business Roundtable’s Energy Taskforce and chairman and CEO of American Electric Power, told CNBC’s “Street Signs” that a world-wide plan is needed to attack global warming.
Standard Chartered is planning to return to retail stockbroking in Asia for the first time in more than a decade with a proposal to buy a brokerage network in India, the FinancialTimes reported on Monday.
The company built by the world's richest man takes on the world's largest democracy, and it's a case of cyber culture clash. India-based itVAR News (an IT website) says Microsoft is billing computer retailers in the town of Gujarat thousands of dollars, accusing them of installing pirated Windows software.The retailers have responded with a strike, a boycott and general outrage, though no one appears to be denying the accusations. One Indian retailer put it this way, "Since we are not charging anything extra for installing the software, it means that we are actually not trading in pirated software. For us, this is just a 'sewa' (selfless act) that we are offering to our customers. Besides, the pricing of their operating systems is way too high for Indian markets."
A lot of investors and U.S. businesses look to China for opportunities, but is India the sleeper pick for investors? Top strategists Lawrence Goodman, head of emerging markets strategy at Bank of America, and Andrew Foster, lead portfolio manager of the Matthews India Fund, joined Sue Herera to weigh-in on this topic this afternoon on Power Lunch.
Texas Instruments is looking abroad when it comes to boosting revenue and earnings, said President and Chief Executive Rich Templeton, speaking at the company’s annual analyst meeting. “We’re probably not a great proxy in terms of the U.S. economy,” Templeton told “Morning Call.” He explained, “More than 70% of our revenue actually ships around the world.”
Edward Yardeni, president Yardeni Research, told CNBC’s “Morning Call” that sound fundamentals and an international economic boom will drive the market higher.