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Category: Economy

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Nobel Prize winner Robert Chiller: I don’t expect a sharp turn in the housing market

The housing market may be slowing down, but Nobel Prize winner Robert Shiller told CNBC he isn’t fearful that a big downturn is ahead. During the financial crisis, the fluctuation of home prices was the sharpest anyone had ever seen…

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Largest innovation hub in the Nordics launched in Stockholm

Swedish venture capital company Well street announced its plan to build a new site for tech companies in Sollentuna, a municipality in Stockholm county about half an hour north of the city center by train. The tech and innovation hub,…

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Juncker and Nazarbayev discuss setting up of EU-Kazakhstan Business forum

On the sidelines of the Europe-Asia ASEM summit, Commission President Jean-Claude Juncker and Kazakh President Nursultan Nazarbayev discussed deepening bilateral cooperation, including the setting up of a future EU-Kazakhstan Business forum. A flurry of bilateral meetings is taking place on…

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Canada is now the world’s largest legal marijuana marketplace

In St. John’s, Newfoundland, hundreds of customers were lined up around the block at the private store on Water Street, the main commercial drag in the provincial capital, by the time the clock struck midnight. A festive atmosphere broke out,…

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Saudi stocks plunge 7% on Khashoggi fallout; biggest drop since 2014

A security member of the consulate stands at the doors of the Saudi Arabian consulate in Istanbul. Saudi Arabia’s stock market plunged on Sunday as investors worried about deteriorating relations with the international community after the disappearance of Saudi journalist…

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Kevin O’Leary: The American economy is ‘on fire

Small businesses in the U.S. are on fire, even if the stock market is shaky, “Shark Tank” investor and entrepreneur Kevin O’Leary told CNBC on Friday. “Small domestic companies are the unsung hero of the policy that’s emerged from this…

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3 things you should never do when the stock market tanks

James C. Kelly, a wealth strategist at PNC Bank, tells CNBC Make It that “volatility happens” and that financial strategists believe these recent swings are short-term, not the beginning of a long-term correction or bear market. Greg McBride, chief financial…

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US-China trade dispute could drag down global confidence, says Asian Development Bank president

  Takehiko Nakao, president of the Asian Development Bank (ADB) The U.S.-China trade dispute is worrying because its hit to market confidence may be more significant than any real economic damage it inflicts, said Takehiko Nakao, president of the Asian…

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Iran, global standard officials discuss mutual interests

Hossein Paryab and Miguel Lopera met on Saturday to discuss foreign investment in Iran, enhancement of mutual cooperation, and experiment exchange. The collaborations include blockchain technology, Internet of Things (IOT), data encryption technologies, and electronic trade. Paryab also made arrangements…

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33% rise in saffron exports in five-month period

Currency fluctuations have been cited as one of the main reasons behind considerable saffron export hike in this period. Statistics showed that $123 million worth of saffron was exported to various countries in the first five months of the current…