Trump’s message is having an impact on NATO, secretary general says

NATO Secretary General Jens Stoltenberg told CNBC that President Donald Trump’s rhetoric on defense spending is having an “important” impact on the military alliance. “I’m saying that his message has been very clear and that his message is having an impact on defense spending. Trump has often criticized other NATO members for not respecting the spending rule. Speaking at a NATO summit in 2017, Trump said: “Over the last eight years, the United States spent more on defense than all NATO countries


NATO Secretary General Jens Stoltenberg told CNBC that President Donald Trump’s rhetoric on defense spending is having an “important” impact on the military alliance. “I’m saying that his message has been very clear and that his message is having an impact on defense spending. Trump has often criticized other NATO members for not respecting the spending rule. Speaking at a NATO summit in 2017, Trump said: “Over the last eight years, the United States spent more on defense than all NATO countries
Trump’s message is having an impact on NATO, secretary general says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: matt clinch, david reid, yves herman
Keywords: news, cnbc, companies, spent, defense, members, trump, spending, having, told, trumps, important, nations, nato, impact, secretary, message, general


Trump's message is having an impact on NATO, secretary general says

NATO Secretary General Jens Stoltenberg told CNBC that President Donald Trump’s rhetoric on defense spending is having an “important” impact on the military alliance.

“I’m saying that his message has been very clear and that his message is having an impact on defense spending. And this is important because we need fairer burden sharing in the NATO alliance,” he told CNBC’s Hadley Gamble at the Munich Security Conference on Saturday.

“We see more nations spending 2 percent of GDP (gross domestic product) on defense which is the NATO guideline and we see that all nations have stopped the cuts we saw for many years to their defense budgets. And all nations have started to increase,” he added.

Contributions to NATO are a highly sensitive topic. Trump has often criticized other NATO members for not respecting the spending rule. Speaking at a NATO summit in 2017, Trump said: “Over the last eight years, the United States spent more on defense than all NATO countries combined. If all NATO members had spent just 2 percent of GDP on defense last year, we would have had another $119 billion for our collective defense.”


Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: matt clinch, david reid, yves herman
Keywords: news, cnbc, companies, spent, defense, members, trump, spending, having, told, trumps, important, nations, nato, impact, secretary, message, general


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Ryanair reports 20 million euro loss for the third quarter on weaker fares

Budget airline Ryanair reported a 20 million euro ($22.88 million) loss for its third quarter on Monday, citing weaker fares due to excess winter capacity in Europe. “While a 20 million euro loss in Q3 (third quarter) was disappointing, we take comfort that this was entirely due to weaker than expected air fares so our customers are enjoying record low prices, which is good for current and future traffic growth,” CEO Michael O’Leary said in a statement. The company saw a loss of 19.6 million eur


Budget airline Ryanair reported a 20 million euro ($22.88 million) loss for its third quarter on Monday, citing weaker fares due to excess winter capacity in Europe. “While a 20 million euro loss in Q3 (third quarter) was disappointing, we take comfort that this was entirely due to weaker than expected air fares so our customers are enjoying record low prices, which is good for current and future traffic growth,” CEO Michael O’Leary said in a statement. The company saw a loss of 19.6 million eur
Ryanair reports 20 million euro loss for the third quarter on weaker fares Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: matt clinch, emmanuel dunand, afp, getty images
Keywords: news, cnbc, companies, million, quarter, reports, prices, rise, weaker, euro, company, loss, euros, ryanair, fares, 20


Ryanair reports 20 million euro loss for the third quarter on weaker fares

Budget airline Ryanair reported a 20 million euro ($22.88 million) loss for its third quarter on Monday, citing weaker fares due to excess winter capacity in Europe.

“While a 20 million euro loss in Q3 (third quarter) was disappointing, we take comfort that this was entirely due to weaker than expected air fares so our customers are enjoying record low prices, which is good for current and future traffic growth,” CEO Michael O’Leary said in a statement.

The company saw a loss of 19.6 million euros for the quarter, against a profit of 105.6 million euros for the same period the year before. Revenue came in at 1.53 billion euros versus 1.41 billion euros the year before, a rise of 9 percent.

The company also warned that fare prices could see continued weakness. Ryanair said it could not rule out further cuts to air fares and/or slightly lower full-year guidance especially if there are unexpected Brexit and/or security developments.

“We do not share the recent optimistic outlook of some competitors that Summer 2019 airfares will rise. In the absence of further EU airline failures, and because of the recent fall in oil prices, we expect excess short haul capacity to continue through 2019, which will we believe lead to a weaker — not stronger — fare environment,” the company said in a statement.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: matt clinch, emmanuel dunand, afp, getty images
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British pound lower after UK lawmakers vote on key Brexit amendments

Sterling fell 0.6 percent to $1.307 against the U.S. dollar following the vote. The so-called Cooper amendment was defeated by a vote of 321 to 298. Named after Labour opposition lawmaker Yvette Cooper, the amendment would have sought to rule out a no-deal Brexit by giving the government more time to reach a formal agreement with the EU. The Brexit deadline is currently set for March 29, but the bill would have pushed back that date to Dec. 31. Like all amendments being voted on by the U.K. Parl


Sterling fell 0.6 percent to $1.307 against the U.S. dollar following the vote. The so-called Cooper amendment was defeated by a vote of 321 to 298. Named after Labour opposition lawmaker Yvette Cooper, the amendment would have sought to rule out a no-deal Brexit by giving the government more time to reach a formal agreement with the EU. The Brexit deadline is currently set for March 29, but the bill would have pushed back that date to Dec. 31. Like all amendments being voted on by the U.K. Parl
British pound lower after UK lawmakers vote on key Brexit amendments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: fred imbert, matt clinch, mike kemp, in pictures, getty images
Keywords: news, cnbc, companies, fell, vote, pound, yvette, lawmakers, brexit, agreement, lower, uk, british, deal, cooper, amendments, key, amendment, voted


British pound lower after UK lawmakers vote on key Brexit amendments

The British pound fell to its lows of the day Tuesday after an amendment that would have delayed the U.K.’s exit from the European Union in the event both parties did not have a deal in place was voted down by Parliament.

Sterling fell 0.6 percent to $1.307 against the U.S. dollar following the vote. Prior to that, it had traded around the flatline versus the greenback.

The so-called Cooper amendment was defeated by a vote of 321 to 298. Named after Labour opposition lawmaker Yvette Cooper, the amendment would have sought to rule out a no-deal Brexit by giving the government more time to reach a formal agreement with the EU.

The Brexit deadline is currently set for March 29, but the bill would have pushed back that date to Dec. 31. Thus it would have diminished the chances of a no deal — which is widely seen as being a negative for the U.K economy where the country would have to rely on World Trade Organization rules for trade.

Like all amendments being voted on by the U.K. Parliament on Tuesday evening it would have required backing by the EU. Brussels has stated that it is not willing to budge on the Withdrawal Agreement that it agreed with U.K. Prime Minister Theresa May at the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: fred imbert, matt clinch, mike kemp, in pictures, getty images
Keywords: news, cnbc, companies, fell, vote, pound, yvette, lawmakers, brexit, agreement, lower, uk, british, deal, cooper, amendments, key, amendment, voted


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Who said what at Davos 2019

In a veiled swipe at President Donald Trump, German Chancellor Angela Merkel said she had “grave doubts” about a changing approach to global affairs in which compromise and multilateralism seemed to be lacking. “There is a new approach that we see in the world today, an approach that harbors doubts as to the validity of the international system, they say ‘shouldn’t we look after our own interests first’ and then out of that develop an order that is good for all,” she told an audience on Wednesda


In a veiled swipe at President Donald Trump, German Chancellor Angela Merkel said she had “grave doubts” about a changing approach to global affairs in which compromise and multilateralism seemed to be lacking. “There is a new approach that we see in the world today, an approach that harbors doubts as to the validity of the international system, they say ‘shouldn’t we look after our own interests first’ and then out of that develop an order that is good for all,” she told an audience on Wednesda
Who said what at Davos 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: matt clinch, stefan wermuth, bloomberg, getty images, fabrice coffrini, afp, adam galica, justin chin, bloomberg via getty images, david a grogan
Keywords: news, cnbc, companies, trump, way, approach, grave, world, validity, veiled, 2019, davos, translation, doubts, wednesdayi


Who said what at Davos 2019

In a veiled swipe at President Donald Trump, German Chancellor Angela Merkel said she had “grave doubts” about a changing approach to global affairs in which compromise and multilateralism seemed to be lacking.

“There is a new approach that we see in the world today, an approach that harbors doubts as to the validity of the international system, they say ‘shouldn’t we look after our own interests first’ and then out of that develop an order that is good for all,” she told an audience on Wednesday.

“I have my grave doubts that this is the right way to go about it,” she said via a translation.


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: matt clinch, stefan wermuth, bloomberg, getty images, fabrice coffrini, afp, adam galica, justin chin, bloomberg via getty images, david a grogan
Keywords: news, cnbc, companies, trump, way, approach, grave, world, validity, veiled, 2019, davos, translation, doubts, wednesdayi


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German minister urges US-China trade resolution with fears over Europe’s own economy

German minister: Trade with China almost as important as trade with US 2 Hours Ago | 04:16Germany’s Economy Minister Peter Altmaier underlined the risks to his country’s own economy if a trade conflict between the U.S. and China is left unresolved. Speaking at the World Economic Forum in Davos, Altmaier noted a recent slip in German growth but insisted the country was in a “solid, sound condition.” Nonetheless he noted that the “looming conflicts” between China and the U.S. could be damaging for


German minister: Trade with China almost as important as trade with US 2 Hours Ago | 04:16Germany’s Economy Minister Peter Altmaier underlined the risks to his country’s own economy if a trade conflict between the U.S. and China is left unresolved. Speaking at the World Economic Forum in Davos, Altmaier noted a recent slip in German growth but insisted the country was in a “solid, sound condition.” Nonetheless he noted that the “looming conflicts” between China and the U.S. could be damaging for
German minister urges US-China trade resolution with fears over Europe’s own economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: matt clinch
Keywords: news, cnbc, companies, urges, uschina, fears, german, resolution, economy, vested, trade, producing, noted, european, minister, market, china, europes


German minister urges US-China trade resolution with fears over Europe's own economy

German minister: Trade with China almost as important as trade with US 2 Hours Ago | 04:16

Germany’s Economy Minister Peter Altmaier underlined the risks to his country’s own economy if a trade conflict between the U.S. and China is left unresolved.

Speaking at the World Economic Forum in Davos, Altmaier noted a recent slip in German growth but insisted the country was in a “solid, sound condition.” Nonetheless he noted that the “looming conflicts” between China and the U.S. could be damaging for his country and the wider European Union (EU).

“To be frank and honest even a trade conflict between China and the U.S. would harm the European economy because there are a number of European and German companies vested in China producing for the American market, or vested in the U.S. producing German cars … exporting to the Chinese market,” he told CNBC Wednesday evening.

“And all of this is at stake if we cannot find a good solution.”


Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: matt clinch
Keywords: news, cnbc, companies, urges, uschina, fears, german, resolution, economy, vested, trade, producing, noted, european, minister, market, china, europes


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Lagarde: It would be very nice if countries don’t have to rely on central banks in the next crisis

Top finance professionals urged governments to complete reforms while the global economy is still showing solid growth, insisting that central banks should not be relied upon in the event of a new crisis. “It would be very nice if the economies at large didn’t have to rely on the central banks yet again in order to resist the next shock,” Christine Lagarde, the managing director of the International Monetary Fund (IMF), said at a CNBC-hosted panel at the World Economic Forum in Davos Thursday. “


Top finance professionals urged governments to complete reforms while the global economy is still showing solid growth, insisting that central banks should not be relied upon in the event of a new crisis. “It would be very nice if the economies at large didn’t have to rely on the central banks yet again in order to resist the next shock,” Christine Lagarde, the managing director of the International Monetary Fund (IMF), said at a CNBC-hosted panel at the World Economic Forum in Davos Thursday. “
Lagarde: It would be very nice if countries don’t have to rely on central banks in the next crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: matt clinch, adam galica
Keywords: news, cnbc, companies, comes, world, dont, bank, nice, banks, reforms, lagarde, urged, crisis, countries, zone, central, vast, rely, unprecedented


Lagarde: It would be very nice if countries don't have to rely on central banks in the next crisis

Top finance professionals urged governments to complete reforms while the global economy is still showing solid growth, insisting that central banks should not be relied upon in the event of a new crisis.

“It would be very nice if the economies at large didn’t have to rely on the central banks yet again in order to resist the next shock,” Christine Lagarde, the managing director of the International Monetary Fund (IMF), said at a CNBC-hosted panel at the World Economic Forum in Davos Thursday.

“Which is why I think policymakers have to really take the right course of action when it comes to fiscal policies, when it comes to actually completing the reforms that some of them have undertaken but some of them have only just touched softly and need to go much deeper into,” she told CNBC’s Geoff Cutmore.

Central banks around the globe launched massive stimulus packages after the financial crash of 2008 and the subsequent debt crisis in the euro zone. The Federal Reserve, the Bank of England and the European Central Bank (ECB) were just some of the institutions that implemented unprecedented measures, such as lowering interest rates to record lows and buying up government bonds in vast quantities.


Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: matt clinch, adam galica
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John Kerry slams Trump on Paris climate accord exit: ‘It’s going to cost lives’

Former Secretary of State John Kerry launched a stunning rebuke of President Donald Trump’s policies on Tuesday, saying his decision to withdraw from the Paris climate agreement will “cost lives.” “People will die because of the president’s decision,” Kerry said at a CNBC-sponsored panel called “The Future of Our Oceans.” Trump confirmed in June 2017 that the United States was withdrawing from the landmark Paris climate agreement. Trump said the Paris agreement would cost the United States 2.7 m


Former Secretary of State John Kerry launched a stunning rebuke of President Donald Trump’s policies on Tuesday, saying his decision to withdraw from the Paris climate agreement will “cost lives.” “People will die because of the president’s decision,” Kerry said at a CNBC-sponsored panel called “The Future of Our Oceans.” Trump confirmed in June 2017 that the United States was withdrawing from the landmark Paris climate agreement. Trump said the Paris agreement would cost the United States 2.7 m
John Kerry slams Trump on Paris climate accord exit: ‘It’s going to cost lives’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: matt clinch
Keywords: news, cnbc, companies, slams, kerry, climate, going, paris, lives, states, called, exit, cost, agreement, country, decision, trump, united, john


John Kerry slams Trump on Paris climate accord exit: 'It's going to cost lives'

Former Secretary of State John Kerry launched a stunning rebuke of President Donald Trump’s policies on Tuesday, saying his decision to withdraw from the Paris climate agreement will “cost lives.”

“People will die because of the president’s decision,” Kerry said at a CNBC-sponsored panel called “The Future of Our Oceans.”

Trump confirmed in June 2017 that the United States was withdrawing from the landmark Paris climate agreement. The White House contended that the country had already reduced its carbon dioxide emissions and did not need the Paris accord to cut them even more.

Trump said the Paris agreement would cost the United States 2.7 million jobs by 2025 and shave trillions from the U.S. economy. He also noted what he called the “draconian financial and economic burdens the agreement imposes on our country.”


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: matt clinch
Keywords: news, cnbc, companies, slams, kerry, climate, going, paris, lives, states, called, exit, cost, agreement, country, decision, trump, united, john


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Brexit’s high noon has arrived and it spells danger for currency traders

Her high-stakes parliamentary vote on her Brexit plans is due later on Tuesday and the outcomes vary wildly from soaring success to complete political collapse. Currency traders lie in wait, hoping not to be caught on the wrong side of a sterling trade that could whip wildly in either direction as the debate rages and the votes roll in. It could be a late night in the City of London and thin trade from other regions of the world could exasperate matters. The consensus expects defeat for May and


Her high-stakes parliamentary vote on her Brexit plans is due later on Tuesday and the outcomes vary wildly from soaring success to complete political collapse. Currency traders lie in wait, hoping not to be caught on the wrong side of a sterling trade that could whip wildly in either direction as the debate rages and the votes roll in. It could be a late night in the City of London and thin trade from other regions of the world could exasperate matters. The consensus expects defeat for May and
Brexit’s high noon has arrived and it spells danger for currency traders Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: matt clinch, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, noon, brexit, sterling, brexits, world, traders, wildly, high, currency, arrived, trade, wrong, whip, danger, vote, risk, spells, whats


Brexit's high noon has arrived and it spells danger for currency traders

U.K. Prime Minister Theresa May’s ultimate showdown has finally arrived.

Her high-stakes parliamentary vote on her Brexit plans is due later on Tuesday and the outcomes vary wildly from soaring success to complete political collapse.

Currency traders lie in wait, hoping not to be caught on the wrong side of a sterling trade that could whip wildly in either direction as the debate rages and the votes roll in. It could be a late night in the City of London and thin trade from other regions of the world could exasperate matters.

“Sterling liquidity in Asia is limited and as such there is a risk that even if a no vote is assumed that does not preclude sterling selling off, impacted by headline risk,” Jeremy Stretch, the head of G-10 foreign exchange strategy at CIBC Capital Markets, told CNBC via email.

The consensus expects defeat for May and her Brexit proposals but what’s crucial is by how much. She needs the backing of 320 lawmakers, more than half of the 639 that vote in Parliament.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: matt clinch, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, noon, brexit, sterling, brexits, world, traders, wildly, high, currency, arrived, trade, wrong, whip, danger, vote, risk, spells, whats


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US Treasury yields edge lower after Powell comments

In a speech on Thursday, Powell said he was concerned about the ballooning amount of United States debt. Elsewhere, market focus was also attuned to news that trade talks between the world’s two largest economies could soon move to higher levels. U.S. Treasury Secretary Steven Mnuchin said Thursday that Vice Premier Liu would most likely visit Washington later in January for further negotiations. On the data front, the latest CPI figures as well as core CPI data for December are due at around 8:


In a speech on Thursday, Powell said he was concerned about the ballooning amount of United States debt. Elsewhere, market focus was also attuned to news that trade talks between the world’s two largest economies could soon move to higher levels. U.S. Treasury Secretary Steven Mnuchin said Thursday that Vice Premier Liu would most likely visit Washington later in January for further negotiations. On the data front, the latest CPI figures as well as core CPI data for December are due at around 8:
US Treasury yields edge lower after Powell comments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: matt clinch
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US Treasury yields edge lower after Powell comments

In a speech on Thursday, Powell said he was concerned about the ballooning amount of United States debt. Powell, addressing the Economic Club of Washington in a panel talk, also said the Fed’s balance sheet will be reduced significantly from where it is now but also reiterated that policymakers were prepared to wait before hiking rates again.

Elsewhere, market focus was also attuned to news that trade talks between the world’s two largest economies could soon move to higher levels. U.S. Treasury Secretary Steven Mnuchin said Thursday that Vice Premier Liu would most likely visit Washington later in January for further negotiations.

On the data front, the latest CPI figures as well as core CPI data for December are due at around 8:30 a.m. ET.

—CNBC’s Sam Meredith contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: matt clinch
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Sterling pushes higher on report that Brexit date could be delayed

The British pound rose sharply on Friday morning after U.K. Cabinet misters revealed that a delay to the official Brexit date looks increasingly likely. A senior minister told the publication: “The legislative timetable is now very very tight indeed.” Sterling shot higher on the news. It had been trading close to 1.272 against the dollar at 9:00 a.m. London time, but soared to $1.284 by 11:00 a.m. before erasing some of those gains.


The British pound rose sharply on Friday morning after U.K. Cabinet misters revealed that a delay to the official Brexit date looks increasingly likely. A senior minister told the publication: “The legislative timetable is now very very tight indeed.” Sterling shot higher on the news. It had been trading close to 1.272 against the dollar at 9:00 a.m. London time, but soared to $1.284 by 11:00 a.m. before erasing some of those gains.
Sterling pushes higher on report that Brexit date could be delayed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: matt clinch, david levenson, bloomberg, getty images
Keywords: news, cnbc, companies, trading, delay, uks, pushes, told, date, sterling, uniona, took, higher, delayed, brexit, uk, tight, report, timetable


Sterling pushes higher on report that Brexit date could be delayed

The British pound rose sharply on Friday morning after U.K. Cabinet misters revealed that a delay to the official Brexit date looks increasingly likely.

The U.K.’s Evening Standard newspaper said that key lawmakers believed a delay on the departure date was probable, due to “a backlog of at least six essential bills that must be passed before Britain leaves the European Union.”

A senior minister told the publication: “The legislative timetable is now very very tight indeed.” “Certainly, if there was defeat on Tuesday and it took some time before it got resolved, it’s hard to see how we can get all the legislation through by March 29.”

Sterling shot higher on the news. It had been trading close to 1.272 against the dollar at 9:00 a.m. London time, but soared to $1.284 by 11:00 a.m. before erasing some of those gains.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: matt clinch, david levenson, bloomberg, getty images
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