News

China will make foreign investment easier, vice premier tells foreign executives

Chinese Vice Premier He Lifeng met with global finance executives who make up the securities regulator's international advisory committee, state media said.

Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed

CEO Jane Fraser faces a key moment this week as Citigroup reports earnings in the middle of restructuring efforts to make the bank leaner and more profitable.

UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%

Global investment in fintech sank to $51.2 billion in 2023, down 48% from 2022, data from Innovate Finance shows. Despite that, UAE fintech funding soared 92%.

China investors will be asking these 3 questions in 2024

China's investment story has been overshadowed in the last year by longer-term problems and tensions with the U.S.

Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet

Bowman noted the progress made against inflation and said it should continue with short-term rates at their current levels.

This popular holiday gift often goes unused. Here's how to turn it into cash

Consumers can trade in unused gift cards for money. Here's what to know.

Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

Coinbase told CNBC exclusively that it entered into an agreement to buy an unnamed holding company which holds a Mifid II license.

Cryptocurrency investors eagerly awaiting SEC ruling on bitcoin ETFs

With 13 companies filing for a bitcoin ETF, all offering similar products, there is substantial interest in what the fee structure will look like. 

Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note

Black Americans, the group with the highest jobless percentage in the country, saw their jobless rate dip to 5.2% in December from 5.8% in the previous month.

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

New rules in the U.K. require crypto companies to make clear to users the risks involved in trading cryptocurrencies and advertise their services responsibly.

BYD's five best-selling cars, including one edging out Tesla's Model Y in China

While Tesla's Model Y was the best-selling purely battery-powered car in China for the six months ending in November, BYD accounted for four of the top 10.

State-run 'auto-IRA' programs aim to close retirement savings gap

Seven states are enrolling workers in so-called auto-IRA programs to address a gap in 401(k) coverage and savings. More are scheduled to come on line.
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