Economy

Why Asia's richest man and BlackRock CEO want Indians to pick equities over gold

Indians are among the leading buyers of gold in the world, but the country has been seeing increasing financialization of savings, with mutual funds growing in popularity.

Shares of industrial gas giant sink on guidance

An inflection in volume growth would represent significant upside to earnings.

Peloton shares plunge 26% on weak holiday quarter, sluggish demand for splashy new products

Peloton's product overhaul was designed to bring in new customers and encourage existing members to trade up. Instead, shoppers turned away from higher prices.

Bank of England governor says inflation is set to reach target level sooner than expected

BoE governor Andrew Bailey told CNBC that the U.K. is set to meet its inflation target ahead of schedule.

Cambodia’s tourism sector takes a hit from geopolitical tensions and scam hub stigma

Cambodia's tourism recovery remains fragile amidst attempts to recover from border tensions with Thailand and ongoing scam cases.

Oil giant Shell posts weakest quarterly profit in nearly five years, keeps buybacks steady

The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.