Pedestrians walk past the Reserve Bank of New Zealand headquarters in Wellington, New Zealand, on Thursday, Sept. 13, 2012. While the central bank flagged coronavirus risks, more upbeat comments about employment and consumer prices bolstered expectations it may not need to cut rates this year, which helped the New Zealand dollar climb 0.5% to $0.6440. “Nevertheless, some sectors are being significantly affected,” RBNZ’s monetary policy committee said in a statement accompanying the rates decisio

Heineken, the world’s second largest brewer, expects to benefit from lower barley and aluminium costs this year after 2019 earnings rose exactly in line with expectations. Together with a more moderate rise of input costs, this should result in a mid-single digit percentage rise in operating profit this year, barring negative economic or political developments. In particular, Heineken said it was not yet possible to assess the impact of the coronavirus outbreak on its business. Analysts’ average

Visitors viewing artwork at Art Basel on March 27, 2019 in Hong Kong. From art shows to golf tournaments, countries like Hong Kong, Singapore and Thailand have seen major events called off. As of Wednesday, Hong Kong had 49 confirmed cases, including one death. Stuart Bailey, chairman of Hong Kong Exhibition & Convention Industry Association, said the Asian financial hub has postponed all MICE events for now. Coronavirus impact on SingaporeSingapore has not been spared either.

China’s military drills near Taiwan on two consecutive days this week were “completely inappropriate,” a U.S. State Department official said on Wednesday. “Absolutely it concerns us” said R. Clarke Cooper, assistant secretary for political-military affairs at the U.S. Department of State. “It was completely inappropriate of China to take such an aggressive act,” Cooper told CNBC’s Nancy Hungerford in Singapore. Tensions between China and Taiwan have risen since Taiwanese President Tsai Ing-wen f

European Central Bank President Christine Lagarde. The European Central Bank (ECB) is hosting its first “listening event” in Brussels next month. Central banks have changedThe two major central banks have undergone a massive change in the aftermath of the global financial crisis. But the global financial community is now questioning whether both central banks have reached a limit. The International Monetary Fund said in November that “concerns about the expanded activities of central banks led t

Nissan filed a civil lawsuit against former Chairman Carlos Ghosn on Wednesday, seeking an initial amount of 10 billion Japanese yen ($90 million). The company said the suit, filed at Yokohama District Court in Kanagawa, was “in order to recover a significant part of the monetary damages inflicted on the company by its former chairman as a result of years of his misconduct and fraudulent activity.” The claimed damages are linked to Ghosn’s “breach of fiduciary duty as a company director and his

The ongoing coronavirus outbreak is speeding up the so-called “decoupling” between the U.S. and China more than their trade war did, according to an analyst from the Milken Institute. “We talked about China and the U.S. decoupling. The coronavirus more than the trade war has sped some of that decoupling as countries, as businesses think about their supply chain for the long run,” said Curtis Chin, an Asia fellow at the Milken Institute, calling it an “increased disengagement” of both economies.

European markets traded higher on Wednesday morning after China recorded its lowest number of new coronavirus cases since January. China’s National Health Commission reported 2,015 new cases of coronavirus and 97 deaths across the mainland on Wednesday, marking the lowest number of new cases in one day since late January, according to Reuters. Shares in Asia were mostly higher on Wednesday as the coronavirus situation remained in focus. Singapore’s Straits Times index led regional gains on an in

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., reacts during a dialog session with Jack Ma, former chairman of Alibaba Group Holding Ltd., not pictured, at Tokyo Forum 2019 in Tokyo, Japan, on Friday, Dec. 6, 2019. Shares of Japanese conglomerate SoftBank Group soared on Wednesday a day after a U.S. district judge approved a merger between Sprint and T-Mobile. SoftBank Group’s stock closed 11.89% higher on Wednesday after skyrocketing more than 14% earlier in the se

Important, rare things are valuable. Taylor Swift performs onstage during the “Reputation Stadium Tour” at Nissan Stadium on August 25, 2018, in Nashville, Tennessee. Her 2018 “Reputation Stadium Tour” holds the record for the highest-grossing United States tour in history. Important, rare things are valuable. Valuable things should be paid for.

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Going extra light at the grocery store. Her husband, the primary earner, works for a company in a different state, so state income taxes aren’t taken out, she says. Salary Finance compared the percent of working American who said they run out of money before payday “most of the time” or “always” among different income levels. “We never have a lot, but spring, summer and fall we can usually get what we want at the grocery store,” Amy says. It’s back to cutting corners at the grocery store, or hit

New federal rules for individual retirement accounts greatly increase the tax burden for some heirs by telescoping the allowable period for withdrawals. Previously, all heirs had their entire life expectancy to take withdrawals from inherited IRAs, so they were able to stretch out these accounts, and the tax on withdrawals, over decades. Hence, the nickname for inherited accounts: stretch IRAs. Even before the new legislation, leaving heirs an IRA meant passing along some of your own lifetime in

Samsung reveals its newest folding phoneSamsung just revealed its Galaxy Z Flip phone at an event in San Francisco. Samsung ran ads for the Z Flip during the Academy Awards broadcast on Sunday, but viewers gathered more details about the phone during the event, including the price tag of $1380. The Galaxy Fold, Samsung’s first folding phone, had numerous issues with its display and hinge mechanism. Samsung says the Galaxy Z Flip screen is folding glass, not plastic, and added a barrier that will

Actor Jussie Smollett leaves court after charges against him were dropped by state prosecutors in Chicago, Illinois, March 26, 2019. Actor Jussie Smollett is once again facing charges in Chicago in connection with a January 2019 police report in which he claimed he was the victim of a racist and homophobic hate crime. Smollett was indicted by a grand jury on six disorderly conduct charges Tuesday, according to the office of Special Prosecutor Dan Webb. In February of last year, Smollett was char

I want to try to buy it back lower.” VMware: “I think the stock is a buy.” I don’t think it’s done, but don’t chase. Don’t chase because the stock went up more than 10% today.” I don’t want anybody involved with that stock right now.”

The market gave a glimpse of how stocks will react when the coronavirus epidemic is quelled, but investors shouldn’t turn bullish just yet, CNBC’s Jim Cramer said Tuesday. A market or stock is considered “coiled” when it has potential to catapult after a period of facing pressure. The stocks of companies with exposure to China, particularly the travel industry, made gains during the trading day. Many have been hammered after companies canceled travel to and shut down business in China amid the e

Oil and gas stocks are likely to stay beaten down unless the industry sees consolidation, CNBC’s Jim Cramer said Tuesday. “The longer we don’t get one, the more likely it is that the energy stocks deserve to be down.” Cramer reiterated that view last week, saying “the honest truth is I don’t think I can help you make money in the oil and gas stocks anymore.” Despite holding these views on the oil and gas industry, Cramer said, “I think that they can do something to help themselves.” “The clock i

CNBC’s Jim Cramer broke down what parts of the market will be ready to surge higher once the coronavirus outbreak is quelled. The “Mad Money” host argued that the oil and gas industry needs to see some consolidation before their stocks can make sustained gains. Brendan McDermid | ReutersThe market gave a glimpse of how stocks will react when the coronavirus epidemic is quelled, but investors shouldn’t turn bullish just yet, CNBC’s Jim Cramer said Tuesday. A market or stock is considered “coiled”

Democratic presidential candidate Michael Bennet starts off his day with a stop at a polling place at Webster School on February 11, 2020 in Manchester, New Hampshire. Sen. Michael Bennet dropped out of the 2020 Democratic presidential race as results started rolling in from the New Hampshire primary Tuesday. Bennet, who has represented Colorado since 2009, failed to gain traction in the race, topping out at 1% support in most recent polls. In the Iowa caucuses, the first 2020 primary contest, B