Tag: World markets
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Stricter rules for banks after SVB collapse?
Senator Tim Scott, RS.C., right, greets Michael Barr, off-camera, Vice Chairman for Oversight of the Board of Governors of the Federal Reserve System, at the Dirksen Building on Tuesday, March 28, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. […]
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Hong Kong shares rise 2% as Alibaba lifts tech stocks; Asian markets tend to rise
3 hours ago Alibaba’s overhaul could be followed by tech peers: KraneShares According to KraneShares CIO Brendan Ahern, Alibaba’s big shakeup could be followed by its Chinese tech peers. “I think investors are saying what we saw in Alibaba, really the leader in Chinese technology, that their plans can be used by others,” Ahern said, […]
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Alibaba shares rise 15% in Hong Kong after major revision news
Alibaba’s Hong Kong-listed shares rose during open day on Wednesday after the company announced a major overhaul to split the company into six business groups. The company said in its announcement that the move is intended to “unlock shareholder value”. Signage at the offices of Alibaba Group Holding Ltd. in Beijing, China, on Tuesday, January […]
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Asia private equity 2022 deals down 44%; uncertainty ahead
According to Bain & Company, the Asia-Pacific private equity market plummeted last year as investor risk appetite declined due to inflation and geopolitical tensions. Total deal value for the region fell 44% to $198 billion by 2022, the global management and consulting firm said in a report Tuesday. That’s compared to $354 billion in 2021, […]
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Asia private equity 2022 deals down 44%; uncertainty ahead
Total deal value for the region fell 44% from $354 billion in 2021 to $198 billion in 2022, Bain & Co said in a report Tuesday. China and India accounted for a $35 billion drop in total deal value for major growth deals for the year, it said. According to Bain & Company, the Asia-Pacific […]
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Asian markets are mixed as banking sector stress continues
40 minutes ago CNBC Pro: Here’s how to spot a good growth stock, according to a fund manager “As a growth manager, how do you recognize good growth companies?” fund manager Ian Mortimer told CNBC Pro Talks Wednesday, when he shared his strategy for spotting outperforming stocks. Mortimer manages the growth and innovation-focused Guinness Global […]
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Janet Yellen changed the mood – again
U.S. Treasury Secretary Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wang | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open brings investors up to speed with everything they need to know, wherever they […]
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Asian markets are largely down as investors weigh Yellen’s comments about banks
5 hours ago Finance Minister Yellen says emergency measures to support banks could be used again if necessary Treasury Secretary Janet Yellen said Thursday that federal emergency measures used to hold back clients of Silicon Valley Bank and Signature Bank could be used again if necessary. “We have used important tools to act quickly to […]
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Jerome Powell flipped the script
Federal Reserve Board Chairman Jerome Powell gives a press conference following a meeting of the Federal Open Market Committee at the Federal Reserve on March 22, 2023 in Washington, DC. Alex Wang | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily […]