Bayer shares drop after earnings Roundup weedkilling products for sale at a home improvement store on May 14, 2019, in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Shares of German chemicals giant Bayer were last seen trading 4.5% lower, after the company said on Wednesday that …
Nokia profit misses expectations, as tariffs and weak dollar weigh on outlook Finnish telecoms giant Nokia‘s second-quarter profit came in below expectations, a day after the company warned it would take a hit of up to $364 million this year from tariffs and a weak U.S. dollar. The firm’s second-quarter …
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here. The dispatch England, Napoleon Bonaparte reputedly once said, is a nation of shopkeepers. These days, he might observe that it is more a nation of administrators, insolvency practitioners and restructuring …
Teleperformance shares rebound after AI fears wipes out 700 million euros from market cap Paris-listed shares of Teleperformance have rebounded more than 3% after a violent trading day in its stock, which saw hundreds of millions of euros wiped off the value of the company. The company presented its “Future …
Europe stocks close slightly lower European stocks ended Monday’s session narrowly in the red, with the regional Stoxx 600 down 0.13%. The index closed 0.56% higher last week after two weeks of losses, but is currently on course for its first monthly decline of the year. The Stoxx 600 has …
U.S. President Donald Trump this weekend announced hefty tariffs on his country’s three biggest trading partners, leaving investors scrambling to position themselves for a global trade war. Canada and Mexico face 25% duties on their exports to the U.S., with a lower 10% levy imposed on Chinese goods. Canada has …
Larry Summers predicts a ‘new miracle drug’ will emerge every couple of years Larry Summers, president emeritus and professor at Harvard University, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty Images Speaking on a panel moderated by CNBC’s …
For the price of a 500 square foot apartment in NYC, you can get a property over 2,000 square feet in Madrid, Spain, according to My Dolce Casa. Alexander Spatari | Moment | Getty Images Between political upheaval, some weak economic data and warnings about falling short of its growth …
Euro, sterling fall against U.S. dollar The euro and British pound were both around 0.2% lower against the U.S. dollar in mid-morning trade, coming off solid gains against the greenback in the previous session. Investors are continuing to assess the impact of U.S. President-elect Donald Trump’s upcoming increase in trade …
Commerzbank reports third-quarter drop in net profit Commerzbank posted a 6.2% drop in net profit to 642 million euros in the third quarter amid a broader drop in net interest income and higher risk provisions. The lender nevertheless said it has lifted its 2024 expectations for net interest and net …
