The pound sterling excites me, says strategistSim Moh Siong of Bank of Singapore says there’s a good chance for further pound strength after the elections in the U.K. He also discusses the outlook for the Chinese yuan.

U.S. stock index futures were slightly higher on Tuesday. At around 03:40 a.m., Dow futures rose 24 points, indicating a positive open of more than 34 points. Futures on the S&P and Nasdaq were both marginally higher. The South American trade tariffs have rekindled broader concerns about a protracted dispute between the U.S. and China, with investors monitoring the prospect of a limited agreement. The U.S. president has joined other world leaders in the U.K.’s capital city to mark the 70th anniv

This photo taken on June 4, 2019 shows the Chinese flag flying over the Juma mosque in the restored old city area of Kashgar, in China’s western Xinjiang region. China might ban all U.S. diplomatic passport-holders from entering the country’s western Xinjiang autonomous region, Global Times Editor-in-Chief Hu Xijin said on Tuesday. U.N. experts and activists say at least 1 million Uighurs, and members of other largely Muslim minority groups, have been detained in camps in the remote Xinjiang reg

Economic growth in India has slowed down significantly this year — but the third-largest economy in Asia should stage a rebound in 2020 as global conditions are set to improve, according to Goldman Sachs. “As we go into 2020, we think there’s a tentative sense of stabilization in the Indian economy,” Hatzius told CNBC’s “Street Signs Asia” on Tuesday. Goldman Sachs, in a report last week, projected India’s growth to fall to 5.1% this year from roughly 7% annually in 2017 and 2018. An improving g

Phil Schiller, Apple Getty ImagesApple just announced the best apps and games of 2019. Popularity is considered, but these are not just the most downloaded apps, nor the apps that make Apple the most money. Why Apple loves it: “This spectacularly satisfying puzzle-platformer explores the triumph of piercing a life back together after tragic loss.” Apple TV Game of the year: Wonder Boy: The Dragon’s TrapWonder Boy the Dragon’s Trap for Apple TV LizardcubePrice: $3.99 What it is: A platform game f

Voi railway station, part of Kenya’s Chinese-built railway which links the capital Nairobi to the port of Mombasa, pictured on May 31, 2017. The $3.3 billion line sliced hours off the journey from the port city of Mombasa to the capital, Nairobi. These importers used to truck their goods in from the coast. But port authorities now say businesses based in Nairobi and upcountry must use the new line because the Mombasa port is contracted to supply it with a minimum amount of cargo. “KPA has an obl

Pedestrians cross Russell Street in front of the Times Square shopping mall, operated by Wharf (Holdings) Ltd., in the Causeway Bay shopping district of Hong Kong, China. Hong Kong’s tourist arrivals and retail sales figures are unlikely to be any better in November after their dismal showing in October, an economist said on Tuesday. In October, retail sales fell 24.3% from a year ago, according to preliminary Hong Kong government data. Tourist arrivals slumped 43.7% in October from year ago to

Buildings along Victoria Harbor at night in Hong Kong, on April 29, 2019. Law Ka-chung stepped down as chief economist at the Hong Kong unit of a Chinese state-owned bank and has alleged he was forced to do so because he is a native of Hong Kong, the Financial Times reported on Tuesday. Law spent 14 years at the Bank of Communications before being forced to resign in October, the article said. “They don’t think it’s appropriate for a Hong Kong guy to speak on behalf of a Chinese bank,” Law told

Estonian ride-hailing firm Bolt is starting to break even in a majority of the countries it operates in, its CEO has told CNBC. The company is now profitable — or close to being profitable — in two thirds of its markets, Markus Villig said in an interview Monday. By contrast, Uber — which was stripped of its license by the regulator last week — has about 3.5 million users and 45,000 drivers. Like Uber, Bolt remains unprofitable. But Villig said the company has managed to offer lower prices and t

The reason for the foundation of NATO — to counter a perceived or real threat from Russia — remains as relevant as ever. And one of those ever-present and unpredictable security challenges is Russia. Seventy years on, the USSR has long-since collapsed and the Cold War is over, yet the West’s relations with Moscow remain as tense and complex as ever. Sarah Raine, consulting senior fellow for geopolitics and strategy at the the International Institute for Strategic Studies (IISS), told CNBC that R

The United States and China are likely to ink a “phase one” trade deal because the presidents of both countries have incentives to do so, a Yale University professor said Tuesday. “There’s a better than 50-50 chance we will get a ‘phase one, skinny’ deal, largely because both presidents, Trump and Xi, need this for domestic political reasons,” Stephen Roach, a senior lecturer at Yale University’s Jackson Institute for Global Affairs, told CNBC’s “Squawk Box.” Clinching the trade agreement with B

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European stocks were higher Tuesday morning despite an escalation of global trade tensions during the previous session. President Donald Trump announced tariffs on steel and aluminum imports from Brazil and Argentina on Monday — sparking further global trade tensions. In this context, basic resources stocks fell 0.8% in mid-morning deals – the sector is highly volatile to global trade and metal news. Chemicals and tech stocks were among the top-performing sectors. Prime Minister Boris Johnson is

Isabel Pavia | Moment | Getty ImagesDerived from the Swedish term “flygskam” where the movement originated, “flight shame” is having a notable effect on the way people think about traveling. Investment bank Citi has also warned that “flight shaming” could result in a slowdown in air travel as people look to reduce their carbon footprint. However, if time and money constraints mean you can’t quite afford to spend 15 days at sea like Thunberg, it might be worth considering some other ways you trav

LONDON — President Donald Trump touched down in the U.K. on Monday night ahead of a highly-anticipated NATO meeting, marking 70 years since the alliance’s creation. The gathering comes amid overt tensions between some leaders regarding spending pledges, how to tackle the challenges posed by Russia and China, and the relevance of NATO itself. The two-day meeting is taking place just outside of London, in Watford, with high-profile delegates then heading to Buckingham Palace in the evening where Q

The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in imports from France of Champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. tech companies. U.S. Trade Representative Robert Lighthizer said the government was exploring whether to open similar investigations into the digital services taxes of Austria, Italy and Turkey. “The USTR is focused on countering the growing protectionism of EU

North Korean leader Kim Jong Un smiles as he guides missile testing at an unidentified location in North Korea, in this undated image provided by KCNA on August 7, 2019. North Korea on Tuesday said that the “year end limit” is nearing for the U.S. and that “it is entirely up to the U.S. what Christmas gift it will select to get,” the Korean Central News Agency (KCNA) reported, citing Ri Thae Song, North Korean vice minister of foreign affairs in charge of U.S. affairs. KCNA did not clearly state

People run into a shopping mall after police fired tear gas in the Central district of Hong Kong on November 11, 2019. Hong Kong’s retail sales in October fell by their steepest on record, as ongoing anti-government protests that have gripped the Chinese-ruled city for nearly six months scared off tourists and hit spending. Retail operators, from prime shopping malls to family-run businesses, have been forced to close for multiple days over the past few months. Retail sales fell to HK$30.1 billi

The Reserve Bank of Australia’s interest rate decision is set to be out around 11:30 a.m. HK/SIN on Tuesday. The Nikkei 225 in Japan fell 1.28% in early trade, with shares of index heavyweight and robot maker Fanuc declining more than 1.4%. To exacerbate concerns on the trade front, Trump also said Monday he will restore tariffs on metal imports from Brazil and Argentina. The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.856 after declining from high

Exxon Mobil looks poised for a nearly 50% rally, Bank of America said on Monday as the firm named the company its top U.S. oil major pick for 2020. Successful project execution and accelerating momentum will push the stock to $100, in what “could (finally) be ExxonMobil’s year.”