Singles Day was ‘amazing’ for Lazada, says CEOPierre Poignant of Lazada Group says there’s “very strong e-commerce” demand in Southeast Asia in many different consumer segments, including for babies and kids categories during the 11.11 shopping event.

Sterling will find it difficult to strengthen much further: StrategistMitul Kotecha of TD Securities says 1.30 is still a big level for the pound against the U.S. dollar and, unless there’s a clear win in the elections and a move toward a clear Brexit deal, it would be difficult for the sterling to rally much higher.

Spectacles 3 Todd Haselton | CNBCSnap’s Spectacles 3 launch on Tuesday for $380. Todd Haselton | CNBCThe Spectacles 3 are made out of metal, instead of cheaper plastic like some of the earlier models. Snapchat will recognize it’s a 3D video and will let you flip through about six AR filters. Todd Haselton | CNBC(The results are really clear, though in this story I’ve converted several to GIFs, which makes them a little blurry online.) New Snapchat spectacles.

Harrods, London’s 170-year-old luxury department store, opens its Swarovski-sponsored Christmas Grotto on Friday — to shoppers who have spent thousands on its products. In Britain, department stores and malls commonly open Christmas “grottos” around the holidays, where children can visit Santa and are given a gift. A spokesperson for Harrods told CNBC on Tuesday that the invitation system had been implemented due to high demand. Harrods, which was acquired by Qatar’s sovereign wealth fund in 201

The average age of S&P 500 board members today is 63, with just 16% of new appointees aged 50 or younger. The issue is not lack of scope for younger board members. John Ryan, president and CEO of CCL, told CNBC Make It it’s a common misconception that millennials are too young for board positions. The business case for board diversity has been well-documented. From presenting new perspectives to exposing blind spots, various studies suggest diversity in age, gender and race can correlate to prof

Huawei and other Chinese tech companies will be subject to tough restrictions from the United States irrespective of any future trade deal, an economist told CNBC Tuesday. The two largest economies in the world have been at odds over their trade links for about 18 months. “Even with a phase one trade deal or even a complete trade deal, our conviction is that tougher restrictions from the U.S. on technology will continue,” Tao Wang, chief China economist at UBS, told CNBC’s Joumanna Bercetche. In

ET, Dow futures rose 8 points, indicating a positive open of more than 9 points. Futures on the S&P and Nasdaq were both marginally higher. Market players remain focused on China-U.S. trade news, amid some concerns regarding plans to sign a trade deal in the coming weeks. On Tuesday, President Trump will be speaking at the Economic Club of New York where he could give clues the status of trade talks between the U.S. and China. On the data front, the calendar is thin, with only the NFIB Survey du

ET, the yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.9295%, while the yield on the 30-year Treasury bond was also lower at around 2.4066%. Market players are following U.S.-China trade discussions, amid some concerns regarding plans to sign a trade deal in the coming weeks. This trade uncertainty is boosting appetite for safer assets, such as U.S. Treasuries. ET and Philadelphia Fed President Patrick Harker is giving a speech in New York at

Australian officials warned soaring heat and high winds are already exceeding forecast “catastrophic” conditions on Tuesday as millions of people across the country’s east coast braced for the worst bushfires in at least a decade. Several new fires broke out early on Tuesday, adding to scores of blazes that have been burning for several days across New South Wales (NSW) state. Blazes have been spurred by extremely dry conditions after three years of drought in parts of NSW and Queensland, which

Major stocks markets in Asia closed higher on Tuesday after struggling for direction earlier in the day. Concerns over the state of U.S.-China trade negotiations as well as a recent escalation of violence in protests in Hong Kong continued to loom over regional markets. Mainland Chinese shares were mixed on Tuesday. Investors watched for developments on U.S.-China trade, amid uncertainty over what has been agreed to between the two economic powerhouses. A U.S. official also said both sides agree

The public listing of Saudi Arabia’s state-owned oil company has been highly anticipated by the market, but analysts say investors should consider the influence the kingdom has over the company. Aramco said in an email that it will respond to CNBC’s queries about governance concerns at the “earliest opportunity.” Saudi Aramco, the world’s largest oil company, announced Saturday that up to 0.5% of its shares will be allocated for individual investors in its initial public offering. The 658-page p

BEIJING — Former U.S. Federal Reserve Chairman Alan Greenspan said Tuesday that there is no need for central banks to issue digital currency. “There’s no point for them to do it,” Greenspan said at Chinese finance magazine Caijing’s annual economic outlook conference. He pointed out that national currencies are backed up by sovereign credit, something no other organization can offer. “The fundamental sovereign credit of the United States is far in excess of anything Facebook can imagine,” Greens

Hong Kong’s Chief Executive Carrie Lam leaves her annual policy address due to disruptions by pro-democracy lawmakers in the Legislative Council on October 16, 2019. Hong Kong leader Carrie Lam said Tuesday that the protesters “paralyzing” the city are selfish. She made her comments during a regular media address a day after Hong Kong saw the most violent day since the protests started nearly six months ago. A hospital press officer confirmed to CNBC that the 21-year-old man suffered a gunshot w

China could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group. China has developed a framework called the Digital Currency Electronic Payment or DCEP, according to Jack Lee, managing partner of HCM Capital. That would allow its central bank to issue a digital currency to commercial banks and third-party payment networks by Alipay and WeChat Pay, he explained. He said the launch

The U.K. government’s decision to delay the publication of a report on alleged Russian interference in British politics has been slammed as “inexplicable and shameful” by former U.S. presidential candidate Hillary Clinton. “I find it inexplicable that your government will not release a government report about Russian influence. Allegations of Russian interference prompted a near two-year long investigation led by Robert Mueller. Mueller said the inquiry did not establish that the Trump campaign

European stocks traded cautiously higher on Tuesday morning after r eports suggested U.S. President Donald Trump is expected to delay a decision on whether to impose tariffs on EU autos by six months. The pan-European Stoxx 600 rose by around 0.1% in early trade, with basic resources climbing 0.6% to lead gains while retail stocks slipped 0.4% lower. Market sentiment has been lifted slightly after reports that President Trump would announce a delay to EU auto tariffs this week, potentially avert

STR | AFP | Getty ImagesAfter more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world’s largest trade agreement in 2020. Given China’s absence in the then U.S.-led TPP, which was slated to be the world’s largest trade deal, many observers considered RCEP a way for Beijing to counter American influence in the region. The final text with details of the trade agreement will go through legal reviews before being signed and relea

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Trump speaks in New YorkPresident Donald Trump speaks to the Economic Club of New York during a luncheon on Tuesday, and investors are hoping for clarity on a possible trade deal. However, President Donald Trump said Friday he has not agreed to cancel tariffs on Chinese goods, dampening hopes about a resolution. Earnings season continuesEarnings season continues on Tuesday with CBS, Nissan, Tyson Foods and Tilray set to report third-quarter earnings. Despite earnings growth estimates falling for

In fact, only 1% of those polled said they use a financial advisor. “Finding a financial advisor isn’t something you can be pushed to do,” said certified financial planner Winnie Sun, president and founder of California-based Sun Group Wealth Partners. The remaining 99% of those surveyed said they either do it themselves; have their spouse, parent or someone other than a financial advisor handle it for them or didn’t answer. Plus, people may not understand the different functions a financial adv