Deutsche Bank, Commerzbank shares surge as merger talks begin

Shares of Deutsche Bank and Commerzbank surged on Monday after the German lenders confirmed they were in talks about a potential merger. Commerzbank rose to the top of the pan-European STOXX 600, with shares gaining almost 7 percent, while Deutsche Bank shares were up nearly 4 percent. Over a 12-month period, shares of both companies are down by around 40 percent. Talks are taking place following months of speculation, after Deutsche Bank CEO Christian Sewing reportedly withdrew his opposition t


Shares of Deutsche Bank and Commerzbank surged on Monday after the German lenders confirmed they were in talks about a potential merger. Commerzbank rose to the top of the pan-European STOXX 600, with shares gaining almost 7 percent, while Deutsche Bank shares were up nearly 4 percent. Over a 12-month period, shares of both companies are down by around 40 percent. Talks are taking place following months of speculation, after Deutsche Bank CEO Christian Sewing reportedly withdrew his opposition t
Deutsche Bank, Commerzbank shares surge as merger talks begin Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: chloe taylor, krisztian bocsi, bloomberg, getty images
Keywords: news, cnbc, companies, deutsche, bank, potential, deal, surge, commerzbank, merger, begin, workforce, talks, lenders, financial, shares, german


Deutsche Bank, Commerzbank shares surge as merger talks begin

Shares of Deutsche Bank and Commerzbank surged on Monday after the German lenders confirmed they were in talks about a potential merger.

Commerzbank rose to the top of the pan-European STOXX 600, with shares gaining almost 7 percent, while Deutsche Bank shares were up nearly 4 percent. Over a 12-month period, shares of both companies are down by around 40 percent.

Talks are taking place following months of speculation, after Deutsche Bank CEO Christian Sewing reportedly withdrew his opposition to a deal. Media reports have suggested that the German government, which owns 15 percent of Commerzbank, is backing the deal – even though it could cause a multi-billion euro financial hole – because it would force the re-valuation of the lenders’ assets.

Those financial pitfalls could also be passed on to Germany’s workforce. German Chancellor Angela Merkel’s chief of staff said Monday that the government was looking into potential job losses if a merger went ahead. According to German union Verdi, 30,000 jobs could be at risk, Reuters reported.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: chloe taylor, krisztian bocsi, bloomberg, getty images
Keywords: news, cnbc, companies, deutsche, bank, potential, deal, surge, commerzbank, merger, begin, workforce, talks, lenders, financial, shares, german


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House Judiciary Committee chair Nadler says Trump obstructed justice

House Judiciary Chairman Jerry Nadler said Sunday he believes that President Donald Trump has obstructed justice and announced plans to request documents from more than five dozen people in the president’s circle, including his son and a top company executive. Nadler, D-NY, told ABC News’ “This Week” that the committee will “begin the investigations to present the case … about obstruction of justice, corruption and abuse of power.” “We’re far from making decisions” about impeachment, Nadler sa


House Judiciary Chairman Jerry Nadler said Sunday he believes that President Donald Trump has obstructed justice and announced plans to request documents from more than five dozen people in the president’s circle, including his son and a top company executive. Nadler, D-NY, told ABC News’ “This Week” that the committee will “begin the investigations to present the case … about obstruction of justice, corruption and abuse of power.” “We’re far from making decisions” about impeachment, Nadler sa
House Judiciary Committee chair Nadler says Trump obstructed justice Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-03  Authors: dan mangan, saul loeb, afp, getty images
Keywords: news, cnbc, companies, week, including, judiciary, cohen, impeachment, begin, obstructed, trump, house, president, chair, justice, nadler, committee


House Judiciary Committee chair Nadler says Trump obstructed justice

House Judiciary Chairman Jerry Nadler said Sunday he believes that President Donald Trump has obstructed justice and announced plans to request documents from more than five dozen people in the president’s circle, including his son and a top company executive.

Nadler, D-NY, told ABC News’ “This Week” that the committee will “begin the investigations to present the case … about obstruction of justice, corruption and abuse of power.”

The committee, which would be responsible for any impeachment proceedings against Trump, will ask for documents from people in the White House, the Justice Department, and the Trump Organization — including top executives Donald Trump Jr. and Allen Weisselberg — to begin presenting that case “to the American people,” Nadler said.

But Nadler, speaking days after Trump’s former lawyer and fixer Michael Cohen testified to Congress about multiple possible crimes by the president, pointedly stopped short of saying he would seek Trump’s impeachment.

“We’re far from making decisions” about impeachment, Nadler said.

“This Week” host George Stephanopolous asked: “Do you think the president obstructed justice?”

“Yes, I do,” Nadler answered.

Later on “This Week,” the Republican leader in the House said Trump had done nothing to warrant being impeached and accused Nadler of being set on unseating the president despite that fact.

“I think Congressman [Jerrold] Nadler decided to impeach the president the day the president won the election,” said House Minority Leader Rep. Kevin McCarthy, R-Calif.

“Listen to exactly what he said. He talks about impeachment before he even became chairman, and then he says you got to persuade people to get there. There’s nothing that the president did wrong,” McCarthy said.

Stephanopoulos then asked, “Nothing?”

McCarthy answered: “In this process, to be impeached? Show me where the president did anything to be impeached.”

Last week, Cohen, 52, testified publicly for more than seven hours at the House Oversight and Government Reform Committee.

He detailed how Trump had personally reimbursed him for hush-money payments Cohen has made to porn star Stormy Daniels and directed him to lie about why those payments were made. Cohen also spoke of how the Trump Organization had inflated assets in some cases and deflated them in others to mislead entities, which would have constituted tax and insurance fraud.

Cohen is due to begin serving a three-year federal prison sentence on May 6 for multiple crimes, including some related to his work for Trump. He is cooperating with special counsel Robert Mueller’s probe of Russian interference in the 2016 presidential election and possible collusion by members of the Trump campaign in that interference.

The president has denied any wrongdoing.


Company: cnbc, Activity: cnbc, Date: 2019-03-03  Authors: dan mangan, saul loeb, afp, getty images
Keywords: news, cnbc, companies, week, including, judiciary, cohen, impeachment, begin, obstructed, trump, house, president, chair, justice, nadler, committee


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Payless will begin to shutter its U.S. stores Sunday

Payless ShoeSource will begin to close its U.S. stores on Sunday, a spokesperson for the shoe retailer told CNBC in a statement. The retailer will begin liquidation sales for its U.S. stores on Feb 17. It expects all stores to remain open until at least the end of March and the majority until May. In hopes of keeping some stores open, it had been seeking to find a buyer for swaths of its real estate across the U.S.Payless currently has more than 2,700 North American stores, according to its webs


Payless ShoeSource will begin to close its U.S. stores on Sunday, a spokesperson for the shoe retailer told CNBC in a statement. The retailer will begin liquidation sales for its U.S. stores on Feb 17. It expects all stores to remain open until at least the end of March and the majority until May. In hopes of keeping some stores open, it had been seeking to find a buyer for swaths of its real estate across the U.S.Payless currently has more than 2,700 North American stores, according to its webs
Payless will begin to shutter its U.S. stores Sunday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: lauren hirsch, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, website, open, retailer, winding, payless, bankruptcy, spokesperson, begin, stores, liquidation, american, shutter


Payless will begin to shutter its U.S. stores Sunday

Payless ShoeSource will begin to close its U.S. stores on Sunday, a spokesperson for the shoe retailer told CNBC in a statement.

The retailer will begin liquidation sales for its U.S. stores on Feb 17. It is also winding down its e-commerce operations. It expects all stores to remain open until at least the end of March and the majority until May.

CNBC previously reported the chain was preparing for a potentially imminent bankruptcy. In hopes of keeping some stores open, it had been seeking to find a buyer for swaths of its real estate across the U.S.

Payless currently has more than 2,700 North American stores, according to its website. The liquidation will not impact its franchised or Latin American stores, the spokesperson said.

Payless, which first filed for bankruptcy protection in April 2017, had been notable for its ability to emerge from bankruptcy, a feat many retailers, like Toys R US, have been unable to achieve. Still, several of its peers, like Gymboree, have emerged from bankruptcy only to boomerang back.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: lauren hirsch, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, website, open, retailer, winding, payless, bankruptcy, spokesperson, begin, stores, liquidation, american, shutter


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Foxconn to begin assembling top-end Apple iPhones in India in 2019: Source

Apple will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level. The work will take place at Foxconn’s plant in Sriperum


Apple will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level. The work will take place at Foxconn’s plant in Sriperum
Foxconn to begin assembling top-end Apple iPhones in India in 2019: Source Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: afp, getty images
Keywords: news, cnbc, companies, assembling, source, phones, iphones, models, apple, begin, tamil, investment, 2019, plant, iphone, topend, foxconn, india


Foxconn to begin assembling top-end Apple iPhones in India in 2019: Source

Apple will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter.

Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.

The work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of Tamil Nadu, this source added.

Foxconn, which already makes phones for Xiaomi Corp, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in iPhone production, Tamil Nadu’s Industries Minister M C Sampath told Reuters.

The investment may create as many as 25,000 jobs, he added.

The other source declined to be named as this person is not authorized to speak to the media. A third source confirmed Foxconn planned to assemble iPhones in India.

The Hindu newspaper first reported on December 24 that the Foxconn plant would begin manufacturing various models of the iPhone. Reuters is first to report the size of the investment and the kind of phones to be assembled.


Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: afp, getty images
Keywords: news, cnbc, companies, assembling, source, phones, iphones, models, apple, begin, tamil, investment, 2019, plant, iphone, topend, foxconn, india


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Tesla’s China factory is set to begin production late next year, Shanghai government says

Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing. In mid-October, Tesla officially acquired an 864,885-square meter


Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing. In mid-October, Tesla officially acquired an 864,885-square meter
Tesla’s China factory is set to begin production late next year, Shanghai government says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: evelyn cheng, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, electric, costs, second, china, begin, wechat, mayor, late, half, production, official, shanghai, teslas, tesla, factory, set


Tesla's China factory is set to begin production late next year, Shanghai government says

Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday.

Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing.

Tesla did not immediately respond to an emailed request for comment.

In mid-October, Tesla officially acquired an 864,885-square meter plot in Shanghai’s Lingang area for the electric car maker’s first factory outside the U.S.

Elon Musk’s company has also launched an official WeChat account for hiring locals.

Producing in China, the world’s largest market for electric vehicles, would allow Tesla to reduce costs significantly. The company has said it is operating at a 55 percent to 60 percent cost disadvantage with a domestic peer due to ocean transport costs and tariffs.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: evelyn cheng, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, electric, costs, second, china, begin, wechat, mayor, late, half, production, official, shanghai, teslas, tesla, factory, set


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North and South Korea begin removing landmines along fortified border

Troops from North and South Korea began removing some landmines along their heavily fortified border on Monday, the South’s defense ministry said, as part of a pact to reduce tension and build trust on the divided peninsula. Project details were agreed during last month’s summit in Pyongyang, the capital of North Korea, between its leader, Kim Jong Un, and South Korean President Moon Jae-in. There was no immediate confirmation from North Korea that its troops had begun the process. In November 2


Troops from North and South Korea began removing some landmines along their heavily fortified border on Monday, the South’s defense ministry said, as part of a pact to reduce tension and build trust on the divided peninsula. Project details were agreed during last month’s summit in Pyongyang, the capital of North Korea, between its leader, Kim Jong Un, and South Korean President Moon Jae-in. There was no immediate confirmation from North Korea that its troops had begun the process. In November 2
North and South Korea begin removing landmines along fortified border Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: pyeongyang press corps, pool, getty images
Keywords: news, cnbc, companies, troops, removing, soldiers, korean, border, begin, jsa, summit, fortified, landmines, korea, north, ministry, south


North and South Korea begin removing landmines along fortified border

Troops from North and South Korea began removing some landmines along their heavily fortified border on Monday, the South’s defense ministry said, as part of a pact to reduce tension and build trust on the divided peninsula.

Project details were agreed during last month’s summit in Pyongyang, the capital of North Korea, between its leader, Kim Jong Un, and South Korean President Moon Jae-in.

In a statement, the ministry said the two sides agreed to remove all landmines in the so-called Joint Security Area (JSA) in Panmunjom within the next 20 days, with military engineers performing the hazardous task on the South Korean side.

There was no immediate confirmation from North Korea that its troops had begun the process.

The deal also provides for removal of guard posts and weapons from the JSA to follow the removal of the mines, with the troops remaining there to be left unarmed.

The JSA is the only spot along the 155-mile -long “demilitarized zone” (DMZ) where troops from both Koreas are face to face, and it is also staffed by United Nations troops.

In November 2017, North Korean troops at the JSA shot one of their soldiers defecting to the South five times.

Since then, however, it has been the scene of the first dramatic April summit between Kim and Moon, as well as their second, more low-key meeting, in May.

At the April summit, the two Koreas announced their intention to turn the DMZ — long a symbol of tension and division — into a “peace zone.”

They have already dismantled propaganda loudspeakers and some guard posts along the border.

Demining projects are also set to begin on Monday in Gangwon province in eastern South Korea, to allow teams to search for the remains of soldiers killed in the 1950-1953 Korean War, the ministry added.

More than a million landmines were laid in border areas including the DMZ and the Civilian Control Zone in the South, say demining experts, and civilians and soldiers alike have been killed or injured by them.

In 2015, two South Korean soldiers were maimed by what Seoul said was a North Korean landmine, an accusation the North denied.


Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: pyeongyang press corps, pool, getty images
Keywords: news, cnbc, companies, troops, removing, soldiers, korean, border, begin, jsa, summit, fortified, landmines, korea, north, ministry, south


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Watch: Confirmation hearings begin for Trump Supreme Court nominee Brett Kavanaugh

President Donald Trump’s nominee to the Supreme Court Brett Kavanaugh will face senators on the Judiciary Committee on Tuesday for the first day of his confirmation hearings. The hearings will begin with opening statements from Kavanaugh and lawmakers, and are expected to last three to four days. Circuit Court of Appeals for the District of Columbia, to replace former Justice Anthony Kennedy, who often served as the court’s swing vote. His confirmation by the Senate would likely move the high co


President Donald Trump’s nominee to the Supreme Court Brett Kavanaugh will face senators on the Judiciary Committee on Tuesday for the first day of his confirmation hearings. The hearings will begin with opening statements from Kavanaugh and lawmakers, and are expected to last three to four days. Circuit Court of Appeals for the District of Columbia, to replace former Justice Anthony Kennedy, who often served as the court’s swing vote. His confirmation by the Senate would likely move the high co
Watch: Confirmation hearings begin for Trump Supreme Court nominee Brett Kavanaugh Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-04  Authors: cnbccom staff, tucker higgins
Keywords: news, cnbc, companies, supreme, watch, court, vote, senate, brett, begin, trump, trumps, hearings, confirmation, kavanaugh, senators, majority, nominee, lawmakers


Watch: Confirmation hearings begin for Trump Supreme Court nominee Brett Kavanaugh

[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.]

President Donald Trump’s nominee to the Supreme Court Brett Kavanaugh will face senators on the Judiciary Committee on Tuesday for the first day of his confirmation hearings. The hearings will begin with opening statements from Kavanaugh and lawmakers, and are expected to last three to four days.

Trump nominated Kavanaugh, a judge on the U.S. Circuit Court of Appeals for the District of Columbia, to replace former Justice Anthony Kennedy, who often served as the court’s swing vote. His confirmation by the Senate would likely move the high court to the right and solidify a conservative majority for years to come.

Democrats have vigorously opposed Kavanaugh’s nomination and argued for hearings to be postponed, though the party does not have a clear path to blocking his nomination.

The GOP needs only a simple majority to confirm Trump’s nominee thanks to a rule change last year, and the Senate’s composition narrowly favors them with 50 Republican lawmakers currently serving in the body. Three Democratic senators voted to confirm Trump’s last nominee, Justice Neil Gorsuch, to the court. Gorsuch was confirmed by the full senate last April by a vote of 54–45.


Company: cnbc, Activity: cnbc, Date: 2018-09-04  Authors: cnbccom staff, tucker higgins
Keywords: news, cnbc, companies, supreme, watch, court, vote, senate, brett, begin, trump, trumps, hearings, confirmation, kavanaugh, senators, majority, nominee, lawmakers


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European shares mixed as fresh China trade tariffs begin; Ryanair shares rise 5%

Stocks in Europe hovered around the flatline Thursday morning after Beijing implemented new retaliatory tariffs against the United States. China officially retaliated Thursday against fresh duties, worth $16 billion, from the United States. This takes place at a time when officials from both countries meet in Washington to talk trade. Looking across the European benchmark, Sunrise Communications rose 5 percent after reporting second-quarter results and raising its outlook for the year. In politi


Stocks in Europe hovered around the flatline Thursday morning after Beijing implemented new retaliatory tariffs against the United States. China officially retaliated Thursday against fresh duties, worth $16 billion, from the United States. This takes place at a time when officials from both countries meet in Washington to talk trade. Looking across the European benchmark, Sunrise Communications rose 5 percent after reporting second-quarter results and raising its outlook for the year. In politi
European shares mixed as fresh China trade tariffs begin; Ryanair shares rise 5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-23  Authors: silvia amaro
Keywords: news, cnbc, companies, european, london, united, rose, rise, bank, mixed, tariffs, weidmann, begin, central, trade, fresh, stocks, shares, china, ryanair, worth, yearryanair


European shares mixed as fresh China trade tariffs begin; Ryanair shares rise 5%

Stocks in Europe hovered around the flatline Thursday morning after Beijing implemented new retaliatory tariffs against the United States.

The pan-European Stoxx 600 was marginally higher. Tech stocks were the outperformers, continuing the momentum seen on Wall Street. Basic resources and autos dropped 0.4 percent on the back of renewed trade tensions.

China officially retaliated Thursday against fresh duties, worth $16 billion, from the United States. This takes place at a time when officials from both countries meet in Washington to talk trade.

Looking across the European benchmark, Sunrise Communications rose 5 percent after reporting second-quarter results and raising its outlook for the year.

Ryanair shares rose, up by nearly 5 percent. This is after the Irish pilots union Forsa said that an agreement has been reached with the company after a 22-hour session of talks. The dispute centered around issues such as base transfers, promotions and annual leave.

In politics, Chancellor Angela Merkel is reportedly seeking to get a German official at the helm of the European Commission — meaning she will not back her central bank governor, Jens Weidmann, to become the next president of the European Central Bank, Handelsblatt reported.

Thursday’s corporate calendar is thin, but there are plenty of data expected throughout the morning.

The Markit manufacturing and services PMIs for the euro area will be out at 9 a.m. London time; consumer confidence figures are due at 3 p.m. London time and the European Central Bank will publish the latest monetary policy meeting accounts at 12.30 p.m. London time.


Company: cnbc, Activity: cnbc, Date: 2018-08-23  Authors: silvia amaro
Keywords: news, cnbc, companies, european, london, united, rose, rise, bank, mixed, tariffs, weidmann, begin, central, trade, fresh, stocks, shares, china, ryanair, worth, yearryanair


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Paul Manafort trial: Opening arguments begin

The trial of Paul Manafort, President Donald Trump’s former campaign boss, began Tuesday, with the defense attempting to shift the blame to Rick Gates — one of the longtime Republican strategist’s former top associates and a key witness for the prosecution. “He got whatever he wanted,” assistant U.S. Attorney Uzo Asonye said in U.S. District Court in Alexandria, Virginia. Asonye said Manafort lived an “extravagant lifestyle,” funded by the “secret income” he was generating. He said Manafort open


The trial of Paul Manafort, President Donald Trump’s former campaign boss, began Tuesday, with the defense attempting to shift the blame to Rick Gates — one of the longtime Republican strategist’s former top associates and a key witness for the prosecution. “He got whatever he wanted,” assistant U.S. Attorney Uzo Asonye said in U.S. District Court in Alexandria, Virginia. Asonye said Manafort lived an “extravagant lifestyle,” funded by the “secret income” he was generating. He said Manafort open
Paul Manafort trial: Opening arguments begin Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-31  Authors: dan mangan, kevin breuninger, jonathan ernst
Keywords: news, cnbc, companies, arguments, trial, law, prosecutor, began, million, manafort, bank, paul, asonye, ukraine, begin, cash, income, opening


Paul Manafort trial: Opening arguments begin

The trial of Paul Manafort, President Donald Trump’s former campaign boss, began Tuesday, with the defense attempting to shift the blame to Rick Gates — one of the longtime Republican strategist’s former top associates and a key witness for the prosecution.

Yet the prosecution asserted during opening arguments that Manafort “believed the law did not apply to him — not tax law, not banking law” — as he blew massive amounts of cash on real estate and pricey clothes that included a $15,000 jacket “made from an ostrich.”

“He got whatever he wanted,” assistant U.S. Attorney Uzo Asonye said in U.S. District Court in Alexandria, Virginia.

The prosecutor described how Manafort had allegedly earned a whopping $60 million by working for pro-Russia politicians in Ukraine and then stashed that cash in shell companies and offshore bank accounts.

Asonye said Manafort lived an “extravagant lifestyle,” funded by the “secret income” he was generating.

When that cash flow dried up as Manafort’s consulting clients lost power in Ukraine, he began duping banks about the state of his financial position in an effort to win approval for loans, the prosecutor argued.

“He created cash out of thin air,” Asonye said.

He said Manafort opened more than 30 bank accounts in three countries to hide his cash. Manafort, he added, failed to report $15 million in income to the IRS from 2010 to 2014.


Company: cnbc, Activity: cnbc, Date: 2018-07-31  Authors: dan mangan, kevin breuninger, jonathan ernst
Keywords: news, cnbc, companies, arguments, trial, law, prosecutor, began, million, manafort, bank, paul, asonye, ukraine, begin, cash, income, opening


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Zimbabweans begin voting in first election since Mugabe’s removal

Zimbabweans began voting on Monday in the first election since the removal of former president Robert Mugabe, a watershed vote they hope will rid the country of its global pariah status and spark a recovery in its failed economy. The election will see 75-year-old President Emmerson Mnangagwa, a long-time Mugabe ally, face 40-year-old Nelson Chamisa, a lawyer and pastor who is vying to become Zimbabwe’s youngest head of state. Voting started at 7 a.m. (0500 GMT) and will end at 7 p.m. There will


Zimbabweans began voting on Monday in the first election since the removal of former president Robert Mugabe, a watershed vote they hope will rid the country of its global pariah status and spark a recovery in its failed economy. The election will see 75-year-old President Emmerson Mnangagwa, a long-time Mugabe ally, face 40-year-old Nelson Chamisa, a lawyer and pastor who is vying to become Zimbabwe’s youngest head of state. Voting started at 7 a.m. (0500 GMT) and will end at 7 p.m. There will
Zimbabweans begin voting in first election since Mugabe’s removal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-30
Keywords: news, cnbc, companies, removal, president, zimbabweans, mnangagwa, vote, election, mugabes, zimbabwe, face, zimbabwes, voting, wins, mugabe, begin


Zimbabweans begin voting in first election since Mugabe's removal

Zimbabweans began voting on Monday in the first election since the removal of former president Robert Mugabe, a watershed vote they hope will rid the country of its global pariah status and spark a recovery in its failed economy.

The election will see 75-year-old President Emmerson Mnangagwa, a long-time Mugabe ally, face 40-year-old Nelson Chamisa, a lawyer and pastor who is vying to become Zimbabwe’s youngest head of state.

Voting started at 7 a.m. (0500 GMT) and will end at 7 p.m.

Polls give former intelligence chief Mnangagwa, who took over as president after the army ousted Mugabe in a bloodless coup in November, only a slim lead over Chamisa.

There will be a runoff on Sept. 8 if no candidate wins more than half the votes.

Nicknamed “the Crocodile”, an animal famed in Zimbabwean lore for its stealth and ruthlessness, Mnangagwa has pledged to revive a moribund economy, attract foreign investment and mend racial and tribal divisions.

Chamisa, a charismatic speaker who honed his craft in the courtroom and the pulpit, has won over young and unemployed voters who are frustrated with nearly four decades of Zimbabwe African National Union-Patriotic Front (ZANU-PF) rule.

In a surprise intervention on Sunday, Mugabe said he would vote for the opposition, turning on his one-time allies.

Whoever wins will face the mammoth task of putting Zimbabwe back on track after 37 years of Mugabe rule that was tainted by corruption, mismanagement and diplomatic isolation, sending one of Africa’s most promising economies into crisis.


Company: cnbc, Activity: cnbc, Date: 2018-07-30
Keywords: news, cnbc, companies, removal, president, zimbabweans, mnangagwa, vote, election, mugabes, zimbabwe, face, zimbabwes, voting, wins, mugabe, begin


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