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View of the central business district skyline at sunset in Beijing, China. Asia-Pacific stocks were set to open mixed Monday as markets kickstart what ING calls a "quiet" week for economic data from the region. Key data this week from the region will include China's loan prime rate announcement, set for Wednesday. ING said no change is expected in China's LPR, with the one-year rate currently at 3.1% and the five-year LPR at 3.6%. Japan will release trade data on Tuesday and October headline inflation numbers on Friday, while Australia's central bank on Tuesday will release minutes of its meeting earlier this month..
Organizations: ING, Wednesday Locations: Beijing, China, Asia, Pacific, China's LPR, Japan
City of London skyline view looking over the River Thames and Waterloo Bridge at sunset on 10th February 2024 in London, United Kingdom. European markets were on track to rise as a new trading week kicks off Monday, with investors looking to shake off last week's negative sentiment and attention turning to regional inflation data. Italy's FTSE MIB was also on track to open higher, adding 158 points to 34,060. Investors this week will be looking to several key regional data points, including the latest inflation data out of the U.K. on Wednesday. The figures come after Friday's U.K. gross domestic product reading, which came in at 0.1% in the third quarter, falling short of expectations.
Persons: Germany's DAX, Christine Lagarde Organizations: CAC, Markets, European Central Bank, ECB Locations: London, United Kingdom
CNN —For almost a millennium, the Castle of Antognolla has punctured a skyline of seemingly endless rolling forested hills. Rooms will offer a panoramic view of the site’s jewel in the crown, an 18-hole golf course with ambitions to break the Spanish and Portuguese hegemony over premier golf destinations on the continent. The castle offers a sweeping view of the golf course below and valleys beyond. In 1628, the estate was bought by nobleman Cornelio Oddi, who wished to make it a holiday resort. “They’re coming to Italy and then they see that there are good courses, and they decide to play golf.
Persons: Robert Trent Jones Jr, Saint Herculanus, Ruggero di Antognolla, Pope Boniface IX, bloodily, Cornelio Oddi, Agnelli, Antognolla, Burguière, year’s, Marco Simone Golf, , , oenologist Riccardo Cotarella, ” Burguière Organizations: CNN, Fiat, Juventus –, Ventures Locations: Antognolla, Umbria, Perugia, Rome, Italy, Spain, Portugal, Grechetto, Gubbio, Marmore Falls, Europe
Europe's banks brace for tougher competition under Trump 2.0
  + stars: | 2024-11-09 | by ( ) www.cnbc.com   time to read: +2 min
JPMorgan , Goldman Sachs and Morgan Stanley shares all soared while the STOXX Europe 600 Banks index is down more than 1% for the week. "If U.S. banks get the expected policy support, they could ramp up loan volumes and optimize capital in ways that Europe's banks just can't match right now," Materazzi said. Since early 2010, European banking shares have fallen 10%, while U.S. lenders have more than tripled. The European Central Bank has estimated that euro zone banks' return on equity fluctuates around 5%, against 10% in the U.S., linking it to higher U.S. fee income and legacy non-performing loans with which European banks still grapple. A wave of deregulation should give European banks some leverage to lobby for easing the rules in Europe, which are already more onerous, one banking executive told Reuters.
Persons: Boris Roessler, Donald Trump, Goldman Sachs, Morgan Stanley, David Materazzi, Materazzi, Karin Keller, Sutter, Rachel Reeves, Trump Organizations: Getty, JPMorgan, Galileo, European Central Bank, Trump . Swiss, Reuters, The Locations: Frankfurt, U.S, Britain, Basel, Italy, USA, Europe, The U.S
Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. European markets were expected to open in mixed territory on Friday, as investors awaited corporate results and reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England. It comes as market participants continue to take in political upheaval in Germany and Donald Trump's historic presidential election victory this week. Elsewhere, Asia-Pacific markets were mixed on Friday, with investors closely monitoring the final day of China's National People's Congress, which is expected to announce fiscal stimulus measures. On Wall Street, U.S. stock futures gained marginally after the S&P 500 and Nasdaq Composite notched fresh records in a post-election rally.
Persons: Germany's DAX, Donald Trump's, Chancellor Olaf Scholz, Christian Linder, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, People's Congress, Nasdaq Locations: Frankfurt, Germany, Asia, Pacific, U.S
Then sink into this Edward Hopper painting from 1928. “It looks like the rest of the world has been raptured,” Mr. Wilkins said. “You see this solitary figure who is subsumed by this massive built environment,” Mr. Wilkins said. “It’s this great image of a city and a person in transition,” Mr. Wilkins said. In his letter, Mr. Hopper concluded: “But these are things for the psychologist to untangle.”
Persons: Edward Hopper, Gordon Wilkins, Addison, Hopper, Mr, , , ” Mr, Wilkins, he’ll Organizations: Addison, American, Phillips Academy, Skyscrapers, Chrysler, Empire Locations: Andover, Mass, Manhattan, New York, Lower Manhattan, Brooklyn
Commuters cross Millennium Bridge in view of skyscrapers on the skyline of the City of London, UK, on Tuesday, Oct. 29, 2024. European markets are expected to open mixed on Friday, reflecting a tentative start to November as traders react to a flurry of earnings and look ahead to the all-important U.S. jobs report. The U.K.'s FTSE 100 is poised to open 8 points higher at 8,113, Germany's DAX 6 points higher at 19,060, France's CAC up 8 points at 7,342 and Italy's FTSE MIB down 22 points at 34,008, according to data from IG. The moves come shortly after European stocks closed lower on Thursday, ending October with its steepest loss for year as investors weighed corporate results, inflation data and a landmark U.K. budget.
Persons: Germany's DAX Organizations: of, France's CAC, IG Locations: of London
Fast forward to 2024 and Sio could recently be found cutting the ribbon to officially reopen the 96-year-old Hotel Central as its new owner. Hotel Central, formerly named the President Hotel, opened a few years later and became a key feature of the neighborhood. Simon Sio, pictured, grew up across from Macao's Hotel Central. Hotel Central was the first hotel in Macao to install an elevator. Courtesy Lek Hang GroupThe newly renovated Hotel Central has 114 rooms with a retro interior design inspired by the 1920s, 1930s and 1940s.
Persons: , I’d, Ribeiro, Ma Lo, , San Ma Lo, Simon, hasn’t Organizations: CNN, Hang, Avenida, Hotel Central, Macao's Hotel, Central, UNESCO, Hotel, MGM Locations: Macao, , Portuguese, Central, Ma, Hotel, San Ma, China, Barra
It’s scary as hell.”A kerfuffle between the city’s Democratic leadership and the Harris campaign could complicate the outcome. “They [the Harris campaign] didn’t give us enough,” Brady said. A bunch of Harris signs were found strewn in a ditch in Montgomery County. In the last week, the Harris campaign says that it has knocked on 235,000 doors in the suburban counties alone. The Trump campaign official said that the campaign has opened a total of four offices in the suburbs.
Persons: Harris, Trump, fryer, Harris ’, Bob Brady, Biden, Harris won’t, Brady, “ I’ve, He’s, , ” Brady, Walz, “ Trump, Casey, Sen, Bob Casey, they’ll, Hoeffel, there’s, Neil Makhija, he’s, who’ve, Josh Maxwell, Chester County’s, ” Maxwell, Ricky Carioti Organizations: Trump, Bucks, CNN, Democratic, Democratic Party, Philadelphia Democrats, Pennsylvania Democrat, Washington, Getty Locations: Bucks County, Delaware County, Pennsylvania, Philadelphia, Philly, Wayne, Italian, Montgomery County, Florida
My wife, four kids, and I have been to 33 states together including Hawaii, California, and Maine. Still, Oregon is our favorite state we've visited, and we recently spent eight days exploring it. To date, we've been to 33 states including famously scenic ones like Hawaii, Maine, California, and Montana — and we've found many things to love about each one. We appreciated the picturesque beaches and were happy to find them uncrowdedOur favorite Oregon beach was "Secret Beach." The Trail of Ten Falls at Silver Falls State Park was our favorite because its 7-mile loop took us to or behind 10 beautiful falls.
Persons: we've, , Daryl Austin, Cannon, Samuel H, Mount Hood, Lewis, Clark, Meier, Frank, It's, Arnold Schwarzenegger, Jack Nicholson commandeers, Willy, Daryl Austin We've Organizations: Service, Beaver State, Scenic, Historic, California Gold Rush, Guinness, Records, Urban Farmer, Tillamook Cheese Factory Locations: Hawaii , California, Maine, Still , Oregon, Oregon, Hawaii , Maine , California, Montana, Seaside, Yachats, Boardman, Historic Baker City, Portland, Willamette, Mount, Fort Clatsop, Salem, Astoria, Baker City, Columbia, Silver Falls, Horsetail, Latourell Falls, Multnomah, United States
Drew Angerer/AFP/Getty ImagesObama is fired up and ready to goObama is feeling “the fierce urgency of now” again. “We do not need to see what an older, loonier Donald Trump looks like with no guardrails,” Obama said this week in Detroit. No president, no vice president, no senator, no governor is going to solve every problem,” Obama said in Madison, Wisconsin, this week. I think it should happen.”Yet for all his political skills, Obama has sometimes been unable to transfer his idiosyncratic appeal to other leaders. Former first lady Michelle Obama – who has become a female icon – will campaign with Harris on Saturday in Michigan.
Persons: Barack Obama, Bruce Springsteen, Obama, Kamala Harris, Springsteen, , Harris, Donald Trump, ” Obama, John Kelly, he’d, Adolf Hitler, Trump, , wouldn’t, Hitler, ” Harris reminisced, Obama’s, Barack Obama’s, Drew Angerer, He’s, loonier Donald Trump, ” Trump, It’s, Joe Biden, Obamaism, we’ve, “ We’re, We’re, everything’s, ” Harris, Joe Raedle, Bill Clinton, That’s, Harris –, Kristen Roland, ” Roland, Kamala, ” Roland doesn’t, Janavus Davis, Davis, ” Davis, couldn’t, Hillary Clinton, Sen, George W, John Kerry, David Urban, Clinton, Jon Bon Jovi, ” Urban, CNN’s Erin Burnett, Michelle Obama –, Organizations: CNN, Democratic, Republican nominee’s, White House, Getty, Trump, Obama, White, CNN CNN, Republican Locations: Cleveland, Georgia, United States, American, Las Vegas, Clarkston, Atlanta, Springfield , Illinois, Clarkston , Georgia, AFP, , Pittsburgh, Tucson, Detroit, Madison , Wisconsin, Oakland County , Michigan, America, Michigan, Iraq, New Orleans, Bush, Pennsylvania, Philadelphia
BEIJING — China's parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation. Investors have been awaiting news of the gathering of the standing committee of the National People's Congress, which is expected to announce details on any fiscal stimulus. Last year, the committee's meeting in late October oversaw a rare increase in China's fiscal deficit to 3.8%, from 3%, which was subsequently reported by state media. He pointed out that the last month of Chinese stimulus measures have all underscored the need for more fiscal support. Analysts have tempered expectations that large-scale fiscal stimulus would directly pillar consumption, instead noting how struggling local governments would likely get support first.
Persons: Bruce Pang, Finance Lan Fo'an, Xi Jinping, Pang Organizations: BEIJING —, CNBC, National People's Congress, China's, Finance, People's Bank of Locations: Beijing, BEIJING, China, JLL, People's Bank of China
Rolls-Royce has opened its first US Private Office in New York City. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRolls-Royce's first US-based "Private Office" has opened in New York City. Ironically, you'll quickly notice there are no Rolls-Royce cars in sight, save for a handful of miniature models.
Persons: , you'll Organizations: Royce, Office, Service Locations: New York City
CNN —A super-narrow skyscraper, measuring no more than a single apartment across, is being planned for Dubai. A side view of the Muraba Veil from the canal. Courtesy RCR Arquitectes/MurabaThe striking tower will be built next to a canal by Dubai’s main transport artery, Sheikh Zayed Road. It is the fifth collaboration between Muraba and RCR Arquitectes, which expect the Muraba Veil to be complete by December 2028. An "oasis" will be "hidden beneath a vast dune-like carapace at the foot of the tower," according to a press release.
Persons: Sheikh Zayed, RCR Arquitectes, RCR, , Rafael Aranda, Dubai’s Organizations: CNN, United, Burj Locations: Dubai, United Arab Emirates, Spanish, Muraba, Burj
General view of the City of London skyline, the capital's financial district, in October. LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth for the U.K. economy this year, up from a July forecast of 0.7%. Inflation in the U.K. came in at 1.7% in September, a decline from 11.1% in October 2022. Economic growth has been tepid so far this year, coming in at 0.2% in August after flatlining in June and July.
Persons: flatlining Organizations: LONDON, Monetary Fund, IMF, Bank of England Locations: London, United Kingdom
Like, ‘You think I’m lying about what I’ve done?’”There can be no doubting the American this time. I was like, ‘There’s no way I’m going to keep going.’”Eight years later, Wilcox has finally completed the remarkable feat. Lael Wilcox (third from right) is joined by fellow female cyclists during one of Komoot's Women's Rallies. courtesy Ashley Gruber“I would almost always be the only woman at any event I went to,” explained Wilcox. “I had a good ride, I’m happy with it.
Persons: CNN —, Lael Wilcox, , , – Wilcox, Wilcox, “ It’s, ’ ”, they’ll, Komoot, Komoot's Women's, Ashley Gruber “, , ” Wilcox, Vedangi Kulkarni Organizations: CNN, CNN Sport, New Zealand, Guinness, Komoot’s Women’s, Basque, Locations: Chicago, Europe, Australia, New, Anchorage , Alaska, West Coast, Oregon, Virginia, Germany, Turkey, New York City, Basque Country, San Francisco, Arizona , New Mexico , Texas, Oklahoma, Missouri, Illinois
The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)Asia-Pacific markets opened mixed Friday, as investors awaited key economic data from China and assessed Japan's inflation numbers. China's third-quarter GDP is expected to come in at 4.5%, as estimated by economists in a Reuters poll, compared with 4.7% growth in the prior quarter. China is set to release its house prices index for September at 9:30 a.m. local time. Japan's headline inflation for September came in at 2.5%, while core CPI — which excludes fresh food prices — rose 2.4% year on year compared with Reuters estimates of 2.3%.
Persons: WANG Zhao Locations: Beijing, AFP, Asia, Pacific, China
Denmark is among the happiest countries in the world, but Davies said New York is more exciting. AdvertisementThis as-told-to essay is based on a transcribed conversation with Joanna Davies, 30, about moving from Denmark to New York. Denmark was a safe place to live with a lot of welfare support, but I've found a more exciting destination in New York. New York feels especially different from Denmark's strong welfare system. Denmark may be one of the 'happiest' places to live, but New York is more excitingDenmark is known as one of the happiest countries in the world.
Persons: Joanna Davies, Davies, , Denmark's, I've, Denmark I'd, — It's, New York hasn't, There's Organizations: Service, Aarhus University, Columbia University, Business Locations: New York, Denmark, London, Aarhus, America, New York . New York, Manhattan, Central, New York New York
Heavy rain clouds pass over the city of London skyline on September 23, 2024 in London, United Kingdom. European markets are expected to open slightly higher on Friday as investors take in U.K. gross domestic product (GDP) figures and look ahead to highly anticipated fiscal stimulus from China. The U.K.'s FTSE 100 index is poised to open 19 points higher at 8,254, Germany's DAX 23 points higher at 19,228, France's CAC up 15 points at 7,559 and Italy's FTSE MIB 11 points higher at 33,943, according to data from IG. The U.K. economy returned to growth in August, according to official data published on Friday. Asia-Pacific markets mostly traded higher on Friday, breaking ranks with U.S. stocks, which saw key benchmarks dip overnight as investors reacted to a hotter-than-expected U.S. inflation report.
Persons: Germany's DAX Organizations: France's CAC, IG, Reuters ., U.S, CSI Locations: London, United Kingdom, China, U.K, Reuters . Asia, Pacific, Hong Kong
Hong Kong CNN —Tucked away in a residential neighborhood in the west of Hong Kong, the Kennedy Town Playground’s basketball courts aren’t particularly noteworthy. It’s because the courts, perched on the side of a hilly slope, offer great views of the Hong Kong skyline. Many of them are followers of Xiaohongshu (Little Red Book), China’s answer to Instagram, which has also become their travel bible. The 26-year-old relied solely on Xiaohongshu to navigate Hong Kong with his wife during their recent trip to the city. A woman takes pictures at an iconic Xiaohongshu spot in Hong Kong.
Persons: Hong Kong CNN —, sipping lattes, Xiaohongshu, Hong Kong's, Noemi Cassanelli, CNN Kennedy, Jiao Le, Cassanelli, ” Jiao Le, Jay Chou, , Tokyo's, Zhizhao Wu, Giovanni Mereghetti, Mao Zedong, Charlwin Mao, Miranda Qu, it’s, Qian Gua, , Xia Jiale, Joel Placeres, “ Will, Placeres, Jiao, Hung Organizations: Hong Kong CNN, Kennedy Town, Hong Kong's Kennedy, CNN, CNN Reading, Getty, Kennedy, CNN Travel, Lobos, “ Lobos, Hong Locations: Hong Kong, China, Seoul, Beijing, Asia, Copenhagen, Tivoli, Norrebro, Central, New York, Japan, Kamakura, Tokyo, Denmark, Xiaohongshu, Kennedy Town, Communist China, Shanghai, Luoyang, Europe, London, Paris, Hong, Noemi
Multiple news organizations and free press groups have accused the Israeli military of deliberately targeting journalists. “One year in, Israel’s conduct of the war in Gaza has exacted an unprecedented and horrific toll on Palestinian journalists and the region’s media landscape,” CPJ said. Four Israeli journalists were killed in the October 7 attacks, and others barely survived. The raw footage is also subject to Israeli military censorship. CNN’s Clarissa Ward is one of the only foreign journalists to have entered the strip without the Israeli military, when she embedded with a United Arab Emirates field hospital crew.
Persons: Israel’s, ” CPJ, , Tania Kraemer, Clarissa Ward, they’ve, ” Al Jazeera, CNN he’s, , Deborah Turness, Janine Zacharia, ‘ You’ve, ” Zacharia, William Lafi Youmans, George Washington, Youmans, ” Youmans, that’s Organizations: CNN, Journalists, Protect Journalists, , Foreign Press Association, Deutsche Welle, Union of Journalists, United, United Arab Emirates, Court, West Bank, Israeli Journalists Union, Associated Press, BBC, West Bank “, Stanford University’s Department of Communications, The Washington Post, Reuters, George Washington University’s School of Media, Public Affairs, European Union Locations: Israel, Gaza, Jerusalem, Egypt, United Arab, American, Israeli, Palestinian, , United States
Asia-Pacific markets mostly climbed on Monday, led by Japan's Nikkei 225 gaining 2% as investors look ahead to a week of central bank decisions from around the region. Three central banks are set to release their interest rate decisions this week, namely the Bank of Korea, the Reserve Bank of New Zealand and the Reserve Bank of India. Economists polled by Reuters expect the BOK and RBNZ to cut rates, while the RBI will hold. The BOK on Friday is expected to lower its benchmark interest rate to 3.25% from 3.5%, while the RBNZ is expected to enact a 50-basis-point cut to 4.75% on Wednesday. Back in August, the RBNZ surprised economists after it lowered its policy rate to 5.25% from 5.5%.
Persons: BOK Organizations: Japan's Nikkei, Bank of, Reserve Bank of New, Reserve Bank of India, Reuters Locations: Seoul . Asia, Pacific, Bank of Korea, Reserve Bank of New Zealand
The Chrysler Building, a renowned gem of NYC, is the latest victim of the office apocalypse. AdvertisementThe Chrysler Building, a long-admired gem of New York City's skyline, could be the latest victim of the nationwide office collapse. AdvertisementThe website for RFR Holding, a private real-estate-management company, still features the Chrysler Building. Business Insider could not immediately reach RFR Holding or its attorneys on Thursday. What that means for the iconic Chrysler Building — and the rest of the New York City skyline — remains to be seen.
Persons: Cooper, , John Ruth, RFR, Terrence Oved, Darren Oved, Morgan Stanley Organizations: Chrysler, Cooper Union, RFR, Service, Street Journal, Business, Seagram, Journal, New Locations: York, Lexington, New York, California , Texas , New Jersey, Florida, New York City
Unlike the southern suburbs and other parts of the country, there was no warning to evacuate this Shia-majority neighborhood. Families fleeing the central Beirut strike on Thursday streamed into the mosque’s grounds. But I don’t have the energy to be displaced again.”The Mostafa family from the southern Beirut suburbs share three mattresses amongst themselves amid the mosque’s looming colonnades. Israel’s war cabinet said it aimed to repatriate 60,000 people displaced by Hezbollah’s rocket fire in the country’s northern-most territory. Mahdi had fled his home in the southern Beirut suburbs to west Beirut and was taking a job around his old campus.
Persons: Israel, Israel –, cradled, Mohammad al, Amin, Joseph Campbell, , Fatima, Mostafa, Mostafa Mostafa, , Mahdi, “ They’re, Hadeel Organizations: Lebanon CNN, Islamic Health Authority, Hezbollah, Families, Reuters, CNN, American University of Locations: Beirut, Lebanon, Israel, Gaza, Iran, American University of Beirut
It’s the second time Iran has launched an aerial attack on Israel this year, but Tuesday’s barrage was of a different magnitude. Israel's anti-missile system intercepts rockets after Iran fired a salvo of ballistic missiles, as seen from Ashkelon, Israel, on October 1, 2024. While the Israeli military said most of the missiles were intercepted, some landed on Israeli soil and appeared to cause damage. Atta Kenare/AFP/Getty ImagesIn Gaza, Israel’s war against Hamas grinds on almost a year after the Palestinian militant group’s attack on Israel. Since Israel’s war in Gaza began, US troops have also been the target of escalating attacks by Iran-backed proxy groups.
Persons: Benjamin Netanyahu, Israel, Hassan Nasrallah, Israel –, Amir Cohen, Pat Ryder, , Nasrallah, Jonathan Panikoff, Hezbollah's, Atta Kenare, Ismail Haniyeh, PMO, Netanyahu, Naftali Bennett, Masoud Pezeshkian, Alexi J . Rosenfeld, Matthew Miller, Lloyd Austin Organizations: CNN, Israel, Reuters, Air Base, Tel Nof Air Base, Pentagon, Hezbollah, Getty, Hamas grinds, Islamic Revolutionary Guard Corps, Israeli, New, State Department, US Navy, US Army, US, Israel . Defense Locations: Israel, Iran, Lebanon, Beirut, Here’s, Syria, Ashkelon, Reuters Iran, Tehran, Tel Aviv, Israel’s, Washington, Yemen, Tehran's Palestine, AFP, Gaza, Iranian, Iraq, East, New York City, Eshkol Region, Jordan
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