Iran's Rouhani makes veiled threat to US and EU troops in Middle East

Iran’s Rouhani makes veiled threat to US and EU troops in Middle East

Hassan Rouhani, Iran’s president, looks on during a news conference in Tehran, Iran, on February 6, 2018. Ali Mohammadi | Bloomberg | Getty Images DUBAI, United Arab Emirates ⁠— In an angry speech on state television, Iranian President Hassan Rouhani lashed out at the U.S. and Europe for its presence in the Middle East and … Read more…

S&P 500 could rise 15% this year — but it's time to take some profits, says investor

S&P 500 could rise 15% this year — but it’s time to take some profits, says investor

Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Many stock markets globally have continued their strong run into the new year — so it’s time to start taking some profits while waiting for another opportunity to … Read more…

Yuan higher before the US said China is no longer a manipulator

Yuan higher before the US said China is no longer a manipulator

U.S. President Donald Trump (R) and Chinese Vice Premier Liu He talk to reporters in the Oval Office at the White House April 04, 2019 in Washington, DC. Chip Somodevilla | Getty Images A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015. Jie Zhao | Corbis News | Getty … Read more…

Six themes including China will drive gains

Six themes including China will drive gains

It’ll be an interesting year for exchange-traded funds. ETF industry leaders are watching a handful of themes they see gaining traction in 2020, two such leaders — John Davi, founder and chief investment officer at Astoria Portfolio Advisors, and Armando Senra, head of iShares Americas at BlackRock — told CNBC’s “ETF Edge” on Monday. Here … Read more…

Yen, gold and Treasury's up after Trump airstrike on Iran's Soleimani

Yen, gold and Treasury’s up after Trump airstrike on Iran’s Soleimani

Safe haven assets are on the rise following a U.S. airstrike that has killed one of Iran’s most powerful military leaders. Spot price for gold is testing six-month highs at around $1,546 per ounce, a rise of more than 1% on the session. Silver is higher by almost 1 percent while platinum and palladium have … Read more…

World responds to US assassination of Iran's top general

World responds to US assassination of Iran’s top general

“Reckless,” “a dangerous escalation” and “severe revenge”: these are just a few of the words coming from international leaders and politicians in the wake of the U.S. assassination of Maj. Gen. Qasem Soleimani, Iran’s top military commander and the face of the Islamic Republic’s intervention across the Middle East. “A #SevereRevenge awaits the criminals who … Read more…

Emirates Airline President Tim Clark will retire in 2020

Emirates Airline President Tim Clark will retire in 2020

Emirates President Tim Clark. Daniel Munoz | Reuters Emirates Airline President Tim Clark will retire in June of 2020, the company revealed Tuesday in an internal memo. The chief of the world’s largest A380 operator — and top-five largest airline in terms of passenger and freight ton kilometers flown — will step down after 17 … Read more…

Aramco's record-breaking IPO is not exactly a free market price: Expert

Aramco’s record-breaking IPO is not exactly a free market price: Expert

A Saudi Aramco logo sits on display during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates, on Nov. 13, 2018. Christopher Pike | Bloomberg | Getty Images ABU DHABI, United Arab Emirates ⁠— Saudi Arabia made history this week as it debuted its crown jewel, Saudi Aramco, for public … Read more…

Mohamed El-Erian is a firm 'yes' on buying shares

Mohamed El-Erian is a firm ‘yes’ on buying shares

Mohamed El-Erian Olivia Michael | CNBC ABU DHABI, United Arab Emirates ⁠— Business heavyweight Mohamed El-Erian would buy Saudi Aramco shares without a doubt if they listed internationally, he told CNBC’s Dan Murphy just days before the state oil giant’s historic IPO. Asked during a panel event at Abu Dhabi’s SALT conference on Monday if … Read more…

Saudi Arabia ends gender segregation in restaurants

Saudi Arabia ends gender segregation in restaurants

The Kingdom Tower, operated by Kingdom Holding, left, stands alongside the King Fahd highway, illuminated by the light trails of passing traffic, in Riyadh, Saudi Arabia, on Saturday, Jan. 9, 2016.  Waseem Obaidi | Bloomberg | Getty Images Saudi Arabia will no longer mandate that restaurants segregate seating areas and entrances according to gender and marital … Read more…