CNBC World News

Swiss watchdog FINMA said Wednesday it had initiated enforcement proceedings against Credit Suisse over the spying affair that came to light last year.

The Chinese yuan isn't going to unseat the U.S. dollar anytime soon, but its presence has slowly been creeping up in global reserves as well as international trade.

Indonesia's parliament is considering a proposal to give government ministers voting rights at Bank Indonesia's monetary policy meetings.

Abu Dhabi National Oil Company (ADNOC) said the transaction will result in upfront proceeds of $2.7 billion to ADNOC and is expected to close before year-end.

Qantas Airways announced plans to cut up to 2,500 more jobs by outsourcing its Australian ground handling operations to lower costs as it braces for a A$10 billion ($7.17 billion) revenue hit due to the pandemic this financial year.

A massive cohort of baby boomers in China will be retiring in the coming years are spending in ways that are different compared to today's retirees, according to a Credit Suisse report.

China's highest-profile automaker has set its sights on bolstering its global credentials with plans to revamp factories at home and abroad using manufacturing platforms developed with Volvo Cars.

A top group advising U.S. health officials predicted Tuesday that four late-stage coronavirus vaccine trials backed by the United States could fail to provide positive results.

Zoom's market cap soared past $100 billion on Tuesday after the video chat company reported results that blew past analysts' estimates

Antibodies that people make to fight the new coronavirus last for at least four months after diagnosis and do not fade quickly, as some earlier reports suggested, scientists have found.

Investors and industry watchers will now wait to see if customers sign up for the subscription service, which costs $98 a year.

Stocks rose on Tuesday, led by tech shares, as traders kicked off a historically tough month for the market on the right foot.

Shares of embattled Eastman Kodak surged on Tuesday after hedge fund D.E. Shaw announced a more than 5% stake in the company.

The additional shares will be sold "from time to time" and "at-the-market" prices, Tesla said in an SEC filing.

Zoom has suddenly become on of the most valuable tech companies in the U.S. after reporting 355% revenue growth in the second quarter.

Facebook said the website is run people affiliated with the Internet Research Agency, which inflamed political tensions in the 2016 election through social media.

The ECB will have to update its stimulus policy in a few months, analysts said Tuesday, after inflation turned negative in the region.

You'll want to start saving at a young age if you plan to retire with $1 million on a $50,000 salary. Here's a breakdown of how much you will need to put in savings to reach your goal.

The subscription service will capitalize on the retailer's strong grocery business and customers' desire for more convenient ways to shop.

Exceptionally strong demand, historically low supply and record low mortgage rates are fueling the fastest home price growth since 2018.