Sweden may join NATO in the next 6 months, FT correspondent says
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Henry Foy, European diplomatic correspondent at the Financial Times, says, however, that Sweden is already a “de facto” member of the alliance.
Archive List for CNBC
British pound and Japanese yen are the ‘standout’ weak currencies, says National Australia Bank
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Ray Attrill of the bank says the British pound and Japanese yen will have the most upside potential compared with other Group of 10 currencies if the U.S. dollar continues to head south.
OPEC+ oil output cut contradicts its optimistic demand forecast, says consultancy
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Andy Lipow of Lipow Oil Associates says that may mean OPEC+ is “not seeing the demand materialize in China as [the country] reopens.”
Oil jumps as OPEC and its allies announce a surprise output cut
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Oil prices surged 8% after OPEC+’s surprise output cut. CNBC’s Dan Murphy and Hadley Gamble report.
South Korea is making its way in the metaverse through K-pop culture: Virtual-gaming platform
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Sebastien Borget of The Sandbox says South Korea has a “great creator community” and a “great education market.”
OPEC+ oil output cuts could ‘super tighten’ the market if sustained, energy consultancy says
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Bob McNally of Rapidan Energy Group lays out two scenarios, which “[come] down to demand,” that OPEC+’s oil production cut could lead to in the second half of the year.
UAE’s ruler breaks with tradition and appoints his son as crown prince
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UAE President Sheikh Mohammed bin Zayed al-Nahyan passed over his brothers, promoting them to senior roles and effectively pushed them out of the succession. CNBC’s Hadley Gamble reports.
We own Alibaba shares and have bought more, says investment management firm
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Jack Dwyer of Conduit Capital says Alibaba is “one of the cheapest, highest-quality businesses in the world.”
Now’s probably not the best time to invest in Alibaba, says Kingston Securities
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Dickie Wong of the securities brokerage and research services company discusses what Alibaba Group’s “biggest goal” is likely to be in the wake of its decision to split into six units.
CFTC’s suit against Binance: No allegations of outright fraud, Custodia Bank says
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Caitlin Long of the bank says “the U.S. has essentially gone after every crypto company that is doing business in the U.S., whether lawful or law-dodging.”