READY for a melt-up? Investors are generally upbeat about the prospects for equity markets this year but one intrepid fund manager thinks it is likely that American share prices could rise by 50% in the next six months to two years. Perhaps the biggest surprise is the identity of that pundit: Jeremy Grantham. Mr Grantham, […]
Read moreThe share price of Chinese social network Renren has almost doubled after the company said it was raising money through a digital currency sale. Renren is looking to raise funds through an initial coin offering (ICO), according to a white paper released Tuesday. It laid out plans for a so-called “open social network platform based […]
Read moreIntel CEO Brian Krzanich sold off a large chunk of his stake in the company last year — after the chipmaker was already aware of serious security flaws in its computer processors, according to multiple reports. The chipmaker did not immediately respond to CNBC’s emailed request for comments sent outside U.S. office hours. Other outlets […]
Read moreEuropean markets are expected to open slightly higher on Thursday morning as investors reacted to robust economic data from both sides of the Atlantic, while oil prices hovered around two-and-a-half year highs amid unrest in Iran. The FTSE 100 is poised to open up 14 points at 7,685, while the DAX is seen up 53 […]
Read moreOne of North Korea’s test ballistic missiles last year crashed in a city not far from Pyongyang, according to new findings by online news magazine The Diplomat. In April, Pyongyang launched a Hwasong-12 intermediate-range ballistic missile that failed shortly after launch and ended up hitting the city of Tokchon, roughly two hours from the capital, […]
Read moreA Korean tech giant on Thursday announced new robots that take aim squarely at the jobs of many services industry workers around the globe. There have long been predictions that advances in artificial intelligence and automation could end up eliminating millions of jobs over time, and tech companies have been testing robots to carry out […]
Read moreChina warned of a “bumpy journey” in trade with the U.S. and “retaliatory measures” a day after Washington blocked MoneyGram’s proposed sale to a financial services firm affiliated with Chinese tech giant Alibaba. “It is not surprising that a number of Chinese companies have hit the buffers in Washington as trade tensions between the two […]
Read moreSouth Korea’s central bank chief said on Thursday the bank will leave currency moves to marketforces, but would respond if changes in the won get too big. “The stance on currency has not changed — we will respect that the market moves on supply and demand but the finance ministry and the Bank of Korea […]
Read moreJust 24 hours after President Donald Trump took aim at Pakistan on Twitter, the South Asian nation already appears to be cozying up to the world’s second-largest economy. A day after the U.S. leader slammed Islamabad for harboring terrorists in a New Year’s Day tweet, Pakistan’s central bank announced that it will be replacing the […]
Read moreCurrency, United States Finance
The average boss of one of Britain’s top companies will on Thursday have earned the same as the typical worker will make in the entire year, according to a new report, stepping up pressure on companies ahead of the annual reporting season. Just three working days into 2018, pay for the average FTSE 100 chief […]
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