Elliot Smith
CNBC
United Kingdom
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Recent articles by Elliot:
Russian stocks may be 'essentially worthless,' MSCI research suggests
Russian stocks may have "no value" compared to the prices listed on the Moscow Exchange, new research from MSCI has suggested. → Read More
European stocks set for tepid open but on course for winning week
European stocks are set for a muted open but are heading for a positive week, joining global counterparts as fears over monetary policy tightening subsided. → Read More
Top financiers and millionaires just met up in the Swiss Alps. And the mood was terrible
The world's financial elite gathered in Davos, Switzerland this week, and a darkening global economic outlook was the number one talking point. → Read More
Russia's central bank cuts key interest rate to 11%, citing decreased stability risks
MOSCOW, Russia: The Russian central bank has implemented a range of capital controls in a bid to support domestic assets and the ruble currency, as international sanctions squeeze the economy following Russia's invasion of Ukraine. KIRILL Kudryavtsev | AFP | Getty Images The Central Bank of Russia on Thursday cut its key interest rate from 14% to 11%, citing a slowdown in inflation and the… → Read More
European Central Bank member Knot says a 50 basis point hike in July is not off the table
European Central Bank member Klaas Knot has refused to rule out a 50 basis point hike for the Frankfurt institution at its upcoming July meeting. → Read More
'Downright scary and untenable': Commerce secretary warns U.S. needs to secure a future for its chip industry
U.S. Commerce Secretary Gina Raimondo has urged Congress to pass the CHIPS for America Act in order to safeguard national security and the future of the economy. → Read More
Russia is now exposed to a historic debt default: Here's what happens next
The U.S. has announced that it will not extend an exemption permitting Moscow to pay foreign debt to American investors in U.S. dollars, potentially forcing Russia into default. → Read More
Tech stock rout or temporary blip? Top CEOs weigh in on what's next for markets
A recent sell-off in global technology stocks is not likely to metastasize into a crisis, top CEOs and investors have told CNBC. → Read More
Credit Suisse chairman denies reports of talks to replace CEO Gottstein
Credit Suisse Chairman Axel Lehmann has denied reports that talks have taken place to explore replacing CEO Thomas Gottstein. → Read More
IMF says global economy faces 'confluence of calamities' in biggest test since World War II
The International Monetary Fund has warned against "geoeconomic fragmentation" as policymakers and business leaders gather at Davos. → Read More
European stocks set to climb as global markets look for recovery after turbulent week
European markets are set to open higher on Friday, tracking global gains as another volatile trading week comes to a close. → Read More
Traders are lining up to short the British pound with a possible recession on the horizon
Traders are increasingly taking short positions against the British pound as the U.K.'s cost of living crisis begins to bite. → Read More
U.S. stocks could fall another 15% as earnings falter, strategist says
Wednesday's steep sell-off is a warning to markets that there could be more pain ahead, according to Gary Dugan. → Read More
The euro is nearing parity with the dollar: Here's what it could mean for investors
The euro is nearing parity with the U.S. dollar for the first time in 20 years, but currency strategists are divided on whether it will get there. → Read More
UK inflation jumps to 40-year high of 9% as food and energy prices spiral
U.K. inflation soared to a record high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country's cost-of-living crisis. → Read More
As inflation slows and the ruble rallies, Russia is hoping to avoid a financial crisis
Russian inflation came in at a two-decade high of 17.8% year-on-year in April, up from 16.7% in March, but price increase began to show signs of slowing. → Read More
Boeing management needs a reboot after losing its way, Ryanair CEO says
Ryanair CEO Michael O'Leary has called for a shakeup of management at U.S. aircraft giant Boeing, after delivery delays and a period of fractious negotiations. → Read More
Strategist says stock market may become a 'meat-grinder of forlorn hope' for dip-buyers
Investors looking for value in the stock market during the ongoing downturn may be "deluding themselves," according to Sean Corrigan, director at Cantillon Consulting. → Read More
European stocks set to climb as global markets rebound
European stocks are set to climb on Friday as global markets look to regain some ground after a bruising week. → Read More
With floods and electricity shortages, South Africa's economy is threatening to go into reverse
South Africa's economy picked up momentum in the first quarter of the year, but flooding in a key province and power cuts are putting the brakes on its recovery. → Read More