Shopify shares plunge 19% on weak guidance
Shopify shares tumbled 19% in early trading Wednesday, shaving almost $20 billion off the company's value, after the company gave revenue and profit guidance for the current quarter that spooked investors.
Trade asian news
European markets close higher as investors react to more earnings; Sweden's central bank cuts rates
This is CNBC's live blog covering European markets.
U.S. and China trade divisions threaten a 'reversal' for global economy, IMF official warns
Differences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday.
Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit
Siemens Energy shares soared as much as 13% on Wednesday after the German renewables firm raised its forecast for the year and announced that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures."
‘Orangutan diplomacy’: Malaysia plans to gift great apes to ease palm oil deforestation concerns
The idea, floated by Commodities Minister Johari Abdul Ghani, comes as a European Union (EU) deforestation regulation, which mandates that traders who sell palm oil to the EU prove their products have no links to deforestation, is set to come into effect.
China and EU-candidate Serbia sign an agreement to build a ‘shared future’
BELGRADE, Serbia (AP) — China and European Union candidate Serbia signed an agreement on Wednesday to build a “shared future,” making the Balkan country the first in Europe to agree on such a document with Beijing.
Why the world needs a Bretton Woods 2.0
The Bretton Woods system turns 80 in July. Many agree that its moorings are buckling. Its institutions are increasingly unable to manage global economic crises as its founding powers adjust to the rise of China and India while the entanglements of interdependence multiply and geostrategic tensions thwart cooperation.
Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com
The new online marketplace, ShoppyHub.mn, aims to offer “millions of products” sourced from 1688.com’s merchant network, providing Mongolian consumers and business clients with products from Chinese manufacturers, Intelmind said in a statement on Wednesday announcing the strategic partnership.