Economy

Adie Bush | Connect Images | Getty Images Shares of Hanwha Ocean surged as much as 16.06% on Thursday to their highest levels since July 2015, following U.S. President Donald Trump’s announcement of a blanket 15% tariff on Seoul’s exports to the U.S. According to Reuters, Kim Dong-kwan, the vice chairman of the Hanwha Group […]

U.S President Donald Trump and Indian Prime Minister Narendra Modi in Washington, DC, on Feb. 13, 2025. Andrew Caballero-reynolds | Afp | Getty Images U.S. President Donald Trump on Wednesday announced 25% duties on imports from India and an unspecified “penalty,” but the country has so far appeared unfazed by tariff threats. Even as the […]

Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Samsung Electronics on Thursday reported a second-quarter operating profit of 4.7 trillion Korean won ($3.38 billion), missing expectations, weighed by a 93.8% profit slump in its chip business. While Samsung’s second-quarter operating profit beat its own […]

Containers reflected in a puddle following a rainfall, at the Yantian port in Shenzhen, Guangdong province, China May 9, 2025. Tingshu Wang | Reuters BEIJING — China’s official gauge for manufacturing activity on Thursday pointed to a worse-than-expected contraction in July amid slower economic growth and ongoing U.S. trade tensions. The Manufacturing Purchasing Managers’ Index […]

Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Pool | ReutersLONDON — Market expectations are split over the Bank of England’s next monetary policy move on Wednesday, as policymakers near a tipping point in their fight… […]

Ukraine’s President Volodymyr Zelensky (R) shakes hands with Lithuania’s President Gitanas Nauseda (2nd L) next to (L-R) Spain’s Prime Minister Pedro Sanchez, Turkey’s President Recep Tayyip Erdogan, US President Joe Biden Italy’s Prime Minister Giorgia Meloni and NATO Secretary General Jens Stoltenberg at a meeting of the NATO-Ukraine Council during the NATO Summit on July… […]

The Bank of Japan has pushed back on speculation its recent policy adjustment marked the start of a tightening cycle.Deputy Governor Shinichi Ichida on Wednesday reiterated the central bank’s flexible threshold for tolerance on long-term bond yields is merely a necessary modification to sustain its ultra-easy monetary policy position.On Friday, the BOJ unexpectedly loosened its… […]

From across the globe, spanning a diverse range of applications in finance — these are the world’s top 200 fintech companies.Together, CNBC and independent market research firm Statista worked to compile a comprehensive list of companies building innovative, tech-enabled and finance-related products and services.The partnership set out to list the top fintech companies using a… […]

Google and Facebook parent Meta are some of the companies that have laid off workers in recent months.Beata Zawrzel | Nurphoto | Getty ImagesFrom the U.S. to Europe and Asia, global tech giants from Microsoft and Google, to Amazon, SAP and more have laid off thousands of employees since the start of the year.That’s despite… […]

People pass by the Pfizer headquarters building in New York City, Jan. 29, 2023. Kena Betancur | View Press | Corbis News | Getty Images Activist investor Starboard Value has a roughly $1 billion stake in pharmaceutical giant Pfizer and is seeking to mount a turnaround at the struggling companyaccording to people familiar with the […]