China stocks surge more than 4 percent, extending Friday’s rally

Asia Pacific markets mostly rose on Monday as major Chinese indexes leaped more than 4 percent. Earlier in the day, the index saw gains of more than 4.5 percent. The moves followed Friday’s rally in Chinese stocks as authorities took steps to support the market after the release of weaker-than-expected GDP data. One market observer, however, voiced skepticism over the recent rally in mainland Chinese stocks. In Hong Kong, the Hang Seng index rose 2.22 percent in afternoon trade.


Asia Pacific markets mostly rose on Monday as major Chinese indexes leaped more than 4 percent. Earlier in the day, the index saw gains of more than 4.5 percent. The moves followed Friday’s rally in Chinese stocks as authorities took steps to support the market after the release of weaker-than-expected GDP data. One market observer, however, voiced skepticism over the recent rally in mainland Chinese stocks. In Hong Kong, the Hang Seng index rose 2.22 percent in afternoon trade.
China stocks surge more than 4 percent, extending Friday’s rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, chinese, fridays, day, close, end, trade, gained, extending, surge, index, rally, rose, china, stocks, menon


China stocks surge more than 4 percent, extending Friday's rally

Asia Pacific markets mostly rose on Monday as major Chinese indexes leaped more than 4 percent.

The Shanghai composite added 4.09 percent to close at around 2,654.88. Earlier in the day, the index saw gains of more than 4.5 percent.

Elsewhere, the Shenzhen composite gained 4.899 percent to close at about 1,325.73.

The moves followed Friday’s rally in Chinese stocks as authorities took steps to support the market after the release of weaker-than-expected GDP data.

One market observer, however, voiced skepticism over the recent rally in mainland Chinese stocks.

“Eventually, at the end of the day, fundamentals will still rule,” Vasu Menon, vice president of group wealth management at OCBC Bank told CNBC’s “Street Signs” on Monday morning.

Menon pointed out there were lingering concerns over Beijing’s trade war with Washington. “It doesn’t look like it’s going to end anytime soon,” he said.

“You see a rebound today, but does it mean that the markets have turned a corner and you know, will hit higher? I’m not sure. I don’t think so,” Menon said.

In Japan, the Nikkei 225 erased earlier losses to close 0.37 percent higher at 22,614.82 while the Topix index gained 0.15 percent to end the trading day at 1,695.31. South Korea’s Kospi gained 0.25 percent to close at 2,161.71. In Hong Kong, the Hang Seng index rose 2.22 percent in afternoon trade.


Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, chinese, fridays, day, close, end, trade, gained, extending, surge, index, rally, rose, china, stocks, menon


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China markets rebound strongly after turbulent morning; GDP numbers miss forecasts

After a turbulent morning, Greater China markets rebounded strongly, following a series of measures by China’s securities regulator to support the struggling stock market. A selloff in the mainland Chinese markets had occurred during the previous session on Thursday, with the Shanghai seeing its lowest point since November 2014 on Thursday morning. In South Korea, the Kospi also saw a recovery from earlier losses, rising by 0.37 percent to close at 2,156.26. Down Under, the ASX 200 recovered fro


After a turbulent morning, Greater China markets rebounded strongly, following a series of measures by China’s securities regulator to support the struggling stock market. A selloff in the mainland Chinese markets had occurred during the previous session on Thursday, with the Shanghai seeing its lowest point since November 2014 on Thursday morning. In South Korea, the Kospi also saw a recovery from earlier losses, rising by 0.37 percent to close at 2,156.26. Down Under, the ASX 200 recovered fro
China markets rebound strongly after turbulent morning; GDP numbers miss forecasts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: eustance huang
Keywords: news, cnbc, companies, shanghai, turbulent, strongly, saw, markets, earlier, index, morning, china, seeing, gains, trading, gdp, close, forecasts, numbers, miss, rebound, losses


China markets rebound strongly after turbulent morning; GDP numbers miss forecasts

Stocks in Asia were mixed on Friday after China’s GDP growth for the third quarter of 2018 came in below expectations.

After a turbulent morning, Greater China markets rebounded strongly, following a series of measures by China’s securities regulator to support the struggling stock market.

The Shanghai composite surged 2.58 percent to close at around 2,550.47, and the Shenzhen composite bounced 2.582 percent to end the trading day at about 1,263.81. Meanwhile, Hong Kong’s Hang Seng index rose 0.56 percent in afternoon trade.

A selloff in the mainland Chinese markets had occurred during the previous session on Thursday, with the Shanghai seeing its lowest point since November 2014 on Thursday morning.

In South Korea, the Kospi also saw a recovery from earlier losses, rising by 0.37 percent to close at 2,156.26.

Over in Japan, however, the Nikkei 225 slipped 0.56 percent to close at 22,532.08, while the Topix index declined by 0.69 percent to end the trading week at 1,692.85.

Down Under, the ASX 200 recovered from most of its earlier losses but still closed slightly lower at 5,939.5, with the heavily weighted financial subindex seeing gains of 0.43 percent.

Shares of most Australian banks saw gains, with the exception of National Australia Bank, which saw a decline of 0.27 percent. NAB’s CEO Andrew Thorburn had earlier announced that about 300 of its staff had been fired or left the company following internal investigations into wrongdoing.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: eustance huang
Keywords: news, cnbc, companies, shanghai, turbulent, strongly, saw, markets, earlier, index, morning, china, seeing, gains, trading, gdp, close, forecasts, numbers, miss, rebound, losses


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Asian stocks slip; China leads losses

Stocks in Asia were broadly lower on Thursday, as a Fed report hinted at more rate hikes ahead. The Greater China markets were largely lower, as Hong Kong’s Hang Seng index slipped by 0.47 percent in the afternoon. In Japan, the Nikkei 225 was lower by 0.8 percent to close at 22,658.16, while the Topix index slipped 0.54 percent to end the trading day at 1,704.64. The ASX 200 ended the trading day Down Under slightly higher at 5,942.4. Jobs data in Australia showed employment numbers for the mon


Stocks in Asia were broadly lower on Thursday, as a Fed report hinted at more rate hikes ahead. The Greater China markets were largely lower, as Hong Kong’s Hang Seng index slipped by 0.47 percent in the afternoon. In Japan, the Nikkei 225 was lower by 0.8 percent to close at 22,658.16, while the Topix index slipped 0.54 percent to end the trading day at 1,704.64. The ASX 200 ended the trading day Down Under slightly higher at 5,942.4. Jobs data in Australia showed employment numbers for the mon
Asian stocks slip; China leads losses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: eustance huang
Keywords: news, cnbc, companies, close, short, trading, showed, china, stocks, leads, slip, losses, asian, data, lower, earlier, slipped, day, fell


Asian stocks slip; China leads losses

Stocks in Asia were broadly lower on Thursday, as a Fed report hinted at more rate hikes ahead.

The Greater China markets were largely lower, as Hong Kong’s Hang Seng index slipped by 0.47 percent in the afternoon.

Over on the mainland, the Shanghai composite dropped by 2.94 percent to close at around 2,486.42 while the Shenzhen composite fell by 2.74 percent to end the trading day at about 1,232.01, with shares of Chinese oil giant PetroChina plunged almost 8 percent.

In Japan, the Nikkei 225 was lower by 0.8 percent to close at 22,658.16, while the Topix index slipped 0.54 percent to end the trading day at 1,704.64. Earlier on Thursday, data showed thatJapan’s exports fell in September for the first time since 2016 as shipments to the United States and China declined, adding to concerns about the broadening impact of an escalating Sino-U.S. trade war.

One economist, however, said the decline in exports was probably “temporary.”

Speaking with CNBC on Thursday, Kazuo Momma, an executive economist at Mizuho Research Institute, said natural disasters had caused “a huge disruption on supply chain and some industry production and also transport in September.”

“I am expecting some fairly reasonable bounce back in October and possibly in November,” he added.

Over in South Korea, the Kospi fell by 0.89 percent to close at 2,148.31, with shares of chipmaker SK Hynix dropping by 2.41 percent. The country’s central bank had earlier opted to keep monetary policy steady.

The ASX 200 ended the trading day Down Under slightly higher at 5,942.4. The heavily weighted financials subindex was 0.45 percent higher, while the energy sector recovered partially from its earlier losses but still saw a decline of 0.15 percent and materials fell by 0.67 percent.

Jobs data in Australia showed employment numbers for the month of September falling short of expectations from a Reuters poll. The unemployment rate declined by 0.3 percent from the previous month to 5.0 percent.

That employment data “is volatile and can have a short term impact on the currency,” said an ANZ Research note in the morning.

“Our bias continues to favour trading AUD with a cautious tone given simmering global risks,” it said.

The Australian dollar was at $0.7126, following a slide from above 0.715 in the previous session.


Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: eustance huang
Keywords: news, cnbc, companies, close, short, trading, showed, china, stocks, leads, slip, losses, asian, data, lower, earlier, slipped, day, fell


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Suspects in journalist’s disappearance had close ties to Saudi prince: NYT

Several of the suspects who were identified by Turkish officials in the disappearance of journalist Jamal Khashoggi had close ties to Crown Prince Mohammed bin Salman, The New York Times reported on Tuesday. Khashoggi, a Washington Post columnist and a critic of the Saudi royal family, entered the Saudi consulate in Istanbul on Oct. 2 and has not been seen since. While the Saudis insisted that he left the consulate safely that day, Turkish officials allege that he was murdered by a team of Saudi


Several of the suspects who were identified by Turkish officials in the disappearance of journalist Jamal Khashoggi had close ties to Crown Prince Mohammed bin Salman, The New York Times reported on Tuesday. Khashoggi, a Washington Post columnist and a critic of the Saudi royal family, entered the Saudi consulate in Istanbul on Oct. 2 and has not been seen since. While the Saudis insisted that he left the consulate safely that day, Turkish officials allege that he was murdered by a team of Saudi
Suspects in journalist’s disappearance had close ties to Saudi prince: NYT Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: carmin chappell, ozan kose, afp, getty images
Keywords: news, cnbc, companies, washington, suspects, close, ties, prince, disappearance, consulate, officials, turkish, team, nyt, crown, saudi, journalists, york


Suspects in journalist's disappearance had close ties to Saudi prince: NYT

Several of the suspects who were identified by Turkish officials in the disappearance of journalist Jamal Khashoggi had close ties to Crown Prince Mohammed bin Salman, The New York Times reported on Tuesday.

Khashoggi, a Washington Post columnist and a critic of the Saudi royal family, entered the Saudi consulate in Istanbul on Oct. 2 and has not been seen since. While the Saudis insisted that he left the consulate safely that day, Turkish officials allege that he was murdered by a team of Saudi operatives while inside.

One suspect, Maher Abdulaziz Mutreb, was a Saudi diplomat assigned to the London embassy in 2007 and has been photographed traveling with the crown prince in the United States and Europe. According to the report, three other suspects have served as part of the crown prince’s security team.


Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: carmin chappell, ozan kose, afp, getty images
Keywords: news, cnbc, companies, washington, suspects, close, ties, prince, disappearance, consulate, officials, turkish, team, nyt, crown, saudi, journalists, york


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Asia markets: Wall Street, US-China trade war, currencies in focus

Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week. In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN. In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower. Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with


Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week. In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN. In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower. Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with
Asia markets: Wall Street, US-China trade war, currencies in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: eustance huang
Keywords: news, cnbc, companies, asia, trading, bank, war, fell, china, currencies, wall, slipped, sectors, day, saw, street, losses, trade, focus, uschina, markets, close


Asia markets: Wall Street, US-China trade war, currencies in focus

Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week.

In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN.

The Shanghai composite also slipped by 1.49 percent to close at around 2,568.10 — its lowest since November 2014 — while the Shenzhen composite declined by 1.178 percent to end the trading day at about 1,281.08.

The moves in China came as new reserve requirements for lenders went into effect, in a move by the People’s Bank of China which is expected to inject 750 billion yuan (around $108.4 billion) into the banking system.

In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower.

Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with industry heavyweight Samsung Electronics slipping by 0.45 percent and chipmaker SK Hynix falling by 2.9 percent.

In Australia, the benchmark ASX 200 fell around 1 percent to end the trading day Down Under at 5,837.1 with most sectors lower. The heavily weighted financial subindex fell 1.62 percent as major banking shares saw losses — Commonwealth Bank was down 2.09 percent, ANZ fell 1.85 percent, Westpac was lower by 1.59 percent and the National Australia Bank declined by 1.58 percent.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: eustance huang
Keywords: news, cnbc, companies, asia, trading, bank, war, fell, china, currencies, wall, slipped, sectors, day, saw, street, losses, trade, focus, uschina, markets, close


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Here is a map of the 142 Sears and Kmart stores set to close

Sears Holdings plans to shutter 142 Kmart and Sears stores by the end of the year and begin liquidation sales shortly as it tries to emerge from bankruptcy court. The retailer currently has roughly 700 stores open. “The reduction in the number of stores that the company operates, as well as the reconfiguration of the stores it continues to operate, is part of the company’s larger process of transforming its business model to place a greater emphasis on providing dynamic online and in-person shop


Sears Holdings plans to shutter 142 Kmart and Sears stores by the end of the year and begin liquidation sales shortly as it tries to emerge from bankruptcy court. The retailer currently has roughly 700 stores open. “The reduction in the number of stores that the company operates, as well as the reconfiguration of the stores it continues to operate, is part of the company’s larger process of transforming its business model to place a greater emphasis on providing dynamic online and in-person shop
Here is a map of the 142 Sears and Kmart stores set to close Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: john w schoen, lauren hirsch
Keywords: news, cnbc, companies, sears, 142, tries, bankruptcy, kmart, shopping, close, set, transforming, shutter, shortly, map, operate, stores, wrote


Here is a map of the 142 Sears and Kmart stores set to close

Sears Holdings plans to shutter 142 Kmart and Sears stores by the end of the year and begin liquidation sales shortly as it tries to emerge from bankruptcy court.

The retailer currently has roughly 700 stores open.

“The reduction in the number of stores that the company operates, as well as the reconfiguration of the stores it continues to operate, is part of the company’s larger process of transforming its business model to place a greater emphasis on providing dynamic online and in-person shopping experiences for its customers,” Sears wrote in the documents filed with the bankruptcy court Monday morning.

Sears will continue to operate — and monitor — the rest of its stores during the holidays.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: john w schoen, lauren hirsch
Keywords: news, cnbc, companies, sears, 142, tries, bankruptcy, kmart, shopping, close, set, transforming, shutter, shortly, map, operate, stores, wrote


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European stocks close flat after global rout

Global markets had been shaken by two consecutive sessions of losses in the U.S., with Asian equities mixed Friday on the back of a 500-point drop for the Dow Jones Industrial Average at the close of Thursday’s session. Traders have got increasingly nervous about the prospect of rising interest rates and a tightening Federal Reserve, alongside warnings from the International Monetary Fund (IMF) about risks to global economic growth. U.S. bond markets have attracted much attention, with Treasury


Global markets had been shaken by two consecutive sessions of losses in the U.S., with Asian equities mixed Friday on the back of a 500-point drop for the Dow Jones Industrial Average at the close of Thursday’s session. Traders have got increasingly nervous about the prospect of rising interest rates and a tightening Federal Reserve, alongside warnings from the International Monetary Fund (IMF) about risks to global economic growth. U.S. bond markets have attracted much attention, with Treasury
European stocks close flat after global rout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: sam meredith, ryan browne
Keywords: news, cnbc, companies, global, yields, rates, firm, uk, stock, markets, european, close, irish, higher, rout, stocks, flat, reported


European stocks close flat after global rout

Global markets had been shaken by two consecutive sessions of losses in the U.S., with Asian equities mixed Friday on the back of a 500-point drop for the Dow Jones Industrial Average at the close of Thursday’s session. Traders have got increasingly nervous about the prospect of rising interest rates and a tightening Federal Reserve, alongside warnings from the International Monetary Fund (IMF) about risks to global economic growth.

U.S. bond markets have attracted much attention, with Treasury yields hitting multi-year highs this week — higher yields mean higher borrowing costs, seen as negative for corporates and their stock prices.

Meanwhile, President Donald Trump has continually criticized the Fed for raising rates too high too fast, on Thursday claiming the U.S. central bank had directly caused the stock market correction over the past couple of days.

Back in Europe, Italy and the U.K. remain in the spotlight in terms of political news. While excessive spending concerns continue to weigh on Italy’s government, the pressure to strike a European Union withdrawal deal is a big challenge for Britain.

On Thursday, the European Central Bank was reported to be unable to intervene in the event of an Italian crisis situation unless the country first seeks a bailout from the EU. In Brexit affairs, British Prime Minister Theresa May on Thursday said that negotiations between the U.K. and the EU on a so-called Irish backstop — a key alternative to a hard Irish border — were likely to continue through to November.

In corporate news, Anglo-Dutch oil major Royal Dutch Shell is in talks to sell its stake in a Venezuelan joint venture with French firm Maurel & Prom, Reuters reported Thursday, citing three sources. Shares of the firm were slightly lower at the open Friday.

On the data front, German September inflation numbers showed a 2 percent rise for the month, boosted by energy and food prices.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: sam meredith, ryan browne
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Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent. In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90. The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information


Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent. In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90. The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information
Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: eustance huang
Keywords: news, cnbc, companies, shenzhen, day, fell, dropped, asia, shanghai, close, nearly, markets, nikkei, topples, end, stocks, index, crumble, composite, declines


Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent.

In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90.

The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information.

In Taiwan, the tech-heavy Taiex dropped by 6.31 percent to close at 9,806.11, with shares of lens maker and Apple supplier Largan Precision plunging 9.89 percent.

Japan’s markets also faltered. The Nikkei 225 dropped by 3.89 percent to close at 22,590.86 while the Topix index declined by 3.52 percent to end the trading day at 1,701.86, with major sectors down.


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: eustance huang
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Dina Powell leaning toward staying at Goldman Sachs instead of becoming Trump’s UN ambassador

Before her stint in the Trump White House, Powell led Goldman’s Impact Investing Business and the Environmental Markets Group for almost a decade. Powell became close with the president’s elder daughter, Ivanka Trump, as they formed an alliance during the early stages of the Trump administration. Haley, once a close colleague of Powell’s, was also known to be friendly with Ivanka Trump and her husband Jared Kushner. In a tweet after Haley declared she would be leaving, Ivanka Trump said that she


Before her stint in the Trump White House, Powell led Goldman’s Impact Investing Business and the Environmental Markets Group for almost a decade. Powell became close with the president’s elder daughter, Ivanka Trump, as they formed an alliance during the early stages of the Trump administration. Haley, once a close colleague of Powell’s, was also known to be friendly with Ivanka Trump and her husband Jared Kushner. In a tweet after Haley declared she would be leaving, Ivanka Trump said that she
Dina Powell leaning toward staying at Goldman Sachs instead of becoming Trump’s UN ambassador Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: brian schwartz, rex features, ap images
Keywords: news, cnbc, companies, instead, goldman, ivanka, dina, ambassador, white, haleys, administration, trumps, jared, sachs, trump, close, powell, staying, haley, leaning


Dina Powell leaning toward staying at Goldman Sachs instead of becoming Trump's UN ambassador

Dina Powell, a Goldman Sachs executive and former deputy national security advisor to President Donald Trump, has been telling friends that she’s leaning toward staying at the firm instead of becoming the next U.S. ambassador to the United Nations, according to three people with direct knowledge of the matter.

Powell was being considered to succeed Nikki Haley to represent the United States at the U.N. and was one of Trump’s top picks for the post.

A spokesman for Goldman declined to comment Thursday. A White House spokesperson did not return a request for comment.

Later Thursday, Reuters, citing a senior administration official, reported that Powell was no longer under consideration for the role.

Powell had been speaking with senior administration officials about the role in the lead-up to Haley’s sudden and surprising resignation on Tuesday, sources previously told CNBC.

Trump noted throughout the week that Powell was on his list of candidates to succeed Haley and all signs pointed to her getting the position.

“Dina is certainly a person I would consider and she’s under consideration,” Trump said Tuesday.

However over the past 24 hours, Powell has become increasingly aware of the difficulties she may have faced getting through a Senate confirmation hearing without being grilled about her work at Goldman, according to one source briefed on the matter.

This person, who spoke on condition of anonymity, said Powell was concerned about lawmakers, such as longtime Wall Street critic Sen. Elizabeth Warren, trying to paint her as someone linked to big business “fat cats.”

A source close to Powell had previously told CNBC that she was also happy working at the bank.

Before her stint in the Trump White House, Powell led Goldman’s Impact Investing Business and the Environmental Markets Group for almost a decade. After she left the administration, she joined the firm’s management committee and is responsible for strengthening Goldman’s foreign relationships.

Powell made key alliances during her time in the White House.

Powell became close with the president’s elder daughter, Ivanka Trump, as they formed an alliance during the early stages of the Trump administration.

Haley, once a close colleague of Powell’s, was also known to be friendly with Ivanka Trump and her husband Jared Kushner.

Haley praised the couple during her resignation announcement Tuesday. “I can’t say enough good things about Jared and Ivanka,” she said. “Jared is such a hidden genius that no one understands.”

In a tweet after Haley declared she would be leaving, Ivanka Trump said that she was “grateful for her [Haley’s] friendship.”

Powell and Haley apparently also have a close relationship.

The outgoing U.N. ambassador tweeted a photo of herself, Powell and others spending time together in Haley’s home state of South Carolina.


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: brian schwartz, rex features, ap images
Keywords: news, cnbc, companies, instead, goldman, ivanka, dina, ambassador, white, haleys, administration, trumps, jared, sachs, trump, close, powell, staying, haley, leaning


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Asia stocks broadly gain as a poll forecasts yuan recovery

Australia’s ASX 200 gained 0.14 percent to close at 6,049.8, with most sectors higher. Earlier in the day, data showed that core machinery orders in Japan rose above expectations in August, suggesting possible growth in capital expenditure. In the Greater China region, the Hang Seng index in Hong Kong saw a slight gain to close at 26,193.07. Over on the mainland, the Shanghai composite saw a rebound, advancing by 0.18 percent to close at around 2,725.84. The Shenzhen composite, on the other hand


Australia’s ASX 200 gained 0.14 percent to close at 6,049.8, with most sectors higher. Earlier in the day, data showed that core machinery orders in Japan rose above expectations in August, suggesting possible growth in capital expenditure. In the Greater China region, the Hang Seng index in Hong Kong saw a slight gain to close at 26,193.07. Over on the mainland, the Shanghai composite saw a rebound, advancing by 0.18 percent to close at around 2,725.84. The Shenzhen composite, on the other hand
Asia stocks broadly gain as a poll forecasts yuan recovery Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-10  Authors: eustance huang
Keywords: news, cnbc, companies, close, sectors, recovery, ended, poll, asia, private, trading, saw, japan, higher, earlier, broadly, day, forecasts, gain, stocks, yuan


Asia stocks broadly gain as a poll forecasts yuan recovery

Stocks in Asia saw broad gains on Wednesday.

Australia’s ASX 200 gained 0.14 percent to close at 6,049.8, with most sectors higher.

Shares of the country’s largest private education company Navitas ended the trading day higher by 21.84 percent after the company earlier announced it had received a 1.97 billion Australian dollar ($1.4 billion) buyout offer from a consortium.

“Navitas has been going sideways and as a result the share price hasn’t gone anywhere,” Morningstar analyst Gareth James told Reuters. “A private equity firm can come in and change the strategy, make it growth-orientated, possibly do some M&A and bring it back to the market in a couple of years.”

In Japan, the Nikkei 225 bounced back to close higher by 0.16 percent at 23,506.04 after being in largely flat territory earlier, while the Topix also ended the trading day up by 0.16 percent at 1,763.86, with most sectors seeing gains.

Earlier in the day, data showed that core machinery orders in Japan rose above expectations in August, suggesting possible growth in capital expenditure.

In the Greater China region, the Hang Seng index in Hong Kong saw a slight gain to close at 26,193.07.

Over on the mainland, the Shanghai composite saw a rebound, advancing by 0.18 percent to close at around 2,725.84. The Shenzhen composite, on the other hand, declined by 0.147 percent to end the trading day at about 1,383.05.

South Korea’s Kospi also closed lower, slipping by 1.12 percent at 2,228.61.


Company: cnbc, Activity: cnbc, Date: 2018-10-10  Authors: eustance huang
Keywords: news, cnbc, companies, close, sectors, recovery, ended, poll, asia, private, trading, saw, japan, higher, earlier, broadly, day, forecasts, gain, stocks, yuan


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