Rodrigo Duterte, the former president of the Philippines, was arrested on Tuesday in Manila, after the International Criminal Court issued a warrant accusing him of crimes against humanity in his war on drugs in which, human rights groups say, tens of thousands of Filipinos were summarily executed.He was taken into custody at the airport in Manila after returning from a trip to Hong Kong, according to the Philippine government.Mr. Duterte, 79, who left office in 2022, is a populist firebrand who remains one of the Philippines’ most influential politicians, and he has enjoyed relative immunity despite several accusations against him.…
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Hong Kong’s stock exchange reported its highest quarterly profit in nearly four years after China’s stimulus measures boosted trading and listing volume.Bloomberg | Bloomberg | Getty ImagesBEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.Net mainland Chinese purchases of Hong Kong stocks hit a record 29.62 billion Hong Kong dollars ($3.81 billion) on Monday, according to the Wind Information database.That was the most since the Hong Kong stock market launched its “connect” program with the mainland, allowing local investors easier access to a…
A Couche-Tard convenience store in Montreal, Quebec, Canada, on Monday, Aug. 19, 2024. Bloomberg | Bloomberg | Getty ImagesCanada’s Alimentation Couche-Tard said on Tuesday it is confident in attaining the U.S. regulatory approvals required to buy out Japan’s Seven & i Holdings after the latter said antitrust law would be a barrier to any deal.Couche-Tard also said it was frustrated by Seven & i’s limited engagement, although the two have begun working together on a plan to offload U.S. stores so as to gain regulatory approval.The comments are the latest salvo in what would be Japan’s largest foreign buyout in history, and contradict Seven & i’s newly appointed CEO Stephen Dacus, who has reiterated that significant regulatory hurdles stand…
The ‘Fast Money’ traders talk the day’s massive sell-off in the markets and what to expect in the future. Source link
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on March 10, 2025. Charly Triballeau | Afp | Getty ImagesCNBC will be hosting “CONVERGE LIVE,” an inaugural thought leadership event on March 12-13, 2025, in Singapore, where global business leaders, entrepreneurs, investors and key decision-makers will discuss what it means to innovate and grow by collaborating and sharing ideas across industries.Viewers can watch the live stream of the event and hear from speakers including Singapore’s Deputy Prime Minister Kim Yong Gan, Alibaba Group Chairman Joe Tsai, Bridgewater Associates Founder…
President Volodymyr Zelensky of Ukraine was losing popularity at home for months, seen by many as a thin-skinned leader who had concentrated power around him. Political opponents saw an opening to win a future election against him. His former top general in the war against Russia had a higher approval rating.Enter President Trump. In recent weeks, he has echoed Moscow’s talking points on the war and called Mr. Zelensky a “dictator without elections” who “has done a terrible job.” Mr. Trump and his allies have demanded new presidential elections in Ukraine, despite the war, and humiliated Mr. Zelensky at a…
QINGDAO, CHINA – JANUARY 08: Customers browse at an electronics shop amid an ongoing nationwide trade-in subsidy program on January 8, 2025 in Qingdao, Shandong Province of China. Zhang Ying | Visual China Group | Getty ImagesBEIJING — China’s latest move to boost consumption isn’t meant to jolt all kinds of spending.Policymakers last week doubled subsidies for a consumer trade-in program to 300 billion yuan ($41.47 billion) this year, matching market expectations — and again steering clear of cash handouts. The subsidies will go toward around 15% to 20% of the purchase price for select products, including mid-range smartphones and home…
There are lots of reasons to be excited about natural gas, according to the CEO of EQT Corp., the largest pure-play producer of the commodity in the U.S. “The market is screaming that we need more energy in this world,” EQT president and CEO Toby Rice told CNBC’s Brian Sullivan in an interview at the CERAWeek by S & P Global energy conference in Houston. Rice cited several factors that will support demand for natural gas, including the shift in electric power generation to natural gas from coal, increased use of LNG and the need for more power to fuel…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyMark Mahaney, Evercore ISI, joins ‘Fast Money’ to talk the rotation out of Big Tech and how he is navigating the space.04:443 hours ago Source link
TOPSHOT – Customers enter an electronics shop in the Akihabara district of Tokyo on January 12, 2024. Richard A. Brooks | Afp | Getty ImagesJapan’s economic growth slowed to 2.2% on an annualized basis in the fourth quarter, complicating the central bank’s case for a further interest rate hike in the near term.The revised data came in lower than economists’ median forecast and the initial estimate of 2.8% growth.On a quarter-to-quarter basis, GDP expanded 0.6%, compared with a 0.7% growth in preliminary data released last month, the Cabinet Office’s revised data showed on Tuesday.The Bank of Japan is likely to keep…
