The Greek government is widely expected to return to the bond market soon although Athens isn’t saying much as it reportedly appoints banks to manage the fund raising. “We are not commenting on how and when we might tap markets again,” a spokesperson for the Greek government told CNBC on Thursday, adding that it is […]
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Macron needs to move fast to reform France and keep credibility, says top EU commissioner
France’s brand new President Emmanuel Macron needs to move quickly to change the country, according to a top-ranking member of the European Commission. The advice, from Jyrki Katainen the vice president for jobs, growth, investment and competitiveness, comes as Macron suffered his first setback this week since taking office. “As former prime minister of Finland […]
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China is clamping down on foreign firms’ internet use and there’s a worry it might jeopardize trade secrets
China is tightening control over foreign companies’ internet use in a move some worry might disrupt their operations or jeopardize trade secrets as part of a crackdown on technology that allows web surfers to evade Beijing’s online censorship. In a letter to corporate customers seen by The Associated Press, the biggest Chinese internet service provider […]
Read moreWhen North Korea decided to go nuclear, it committed to a huge investment in a program that would bring severe sanctions and eat up precious resources that could have been spent boosting the nation’s quality of life. Money well spent? Leader Kim Jong Un seems to think so. North Korea’s nuclear and missile development programs […]
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UK will be at the back of the queue for a trade deal, warns top EU commissioner
Brexit talks are a “very difficult process” but they need to move fast to give enough time for officials to negotiate a trade deal, the vice president of the European Commission has told CNBC. In an exclusive interview, Jyrki Katainen noted that the EU is having trade talks with 21 different jurisdictions and the U.K. […]
Read moreAustralia’s labor market strengthened for a fourth month in June led by a remarkable comeback in full-time jobs — an upbeat outcome that could bring nearer the day when the country’s central bank starts considering a rate hike. The data will offer much-needed relief to the Reserve Bank of Australia (RBA) which has been fretting […]
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Trump's former campaign chief Manafort reportedly owed millions to pro-Russia interests
Former Trump campaign chairman Paul Manafort owed as much as $17 million to pro-Russian interests before he joined the president’s election campaign, the New York Times reported on Wednesday. The funds were owed by shell companies linked to Manafort’s business ventures in Ukraine, where he worked for the Party of Regions, a Ukrainian political faction, […]
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Showdown brewing: With lessons learned in China, a rival is taking on Facebook, Snapchat and YouTube
Chinese live-streaming company YY has been profiting on a revenue model that Silicon Valley once lambasted, but now its global spin-off is aiming to take on U.S. rivals live Facebook, Snapchat, YouTube and Amazon’s Twitch. YY, founded in 2005, is a major Chinese-language social media platform that boasts more than 122 million monthly active users. […]
Read moreLittle action was expected at Wednesday’s U.S.-China Comprehensive Economic Dialogue, but despite the low bar, the event still yielded lackluster results — an indication of further bilateral strains ahead. “It was a little bit of a disappointment,” said Nicholas Consonery, senior director at business advisory firm FTI Consulting. Small deliverables, potentially a new opening in […]
Read moreThe Bank of Japan was expected to lower its inflation forecast in a continued battle with stubbornly weak price growth even as the wider economy is now on firmer footing, economists said ahead of the release of the central bank’s monetary policy statement. The BOJ, which ends its two-day meeting on Thursday, was also expected […]
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