President Mario Draghi of the European Central Bank said Tuesday that the central bank will have to be prudent to gradually adjust its monetary stimulus to the economic recovery. Speaking at the European Central Bank Forum in Sintra, Portugal, Draghi made it clear however that the current stimulus needs to remain in place as inflation […]
Read moreLondon’s status as a global financial technology hub could be undermined if Brexit complicates the ability of companies to operate across Europe and access to talent becomes difficult, the co-founder of an international online money transfer platform warned Tuesday. Brexit talks kicked off last week between the U.K. and the European Union, following an election […]
Read moreChina’s government and companies are “rationalizing” their use of debt amid concerns over growing leverage on the mainland, Eugene Qian, chairman of UBS’ China strategy board, told CNBC’s “Street Signs” on Tuesday. “Over the period of high growth, the Chinese economy and in particular the corporate sector has accumulated a large amount of debt,” Qian […]
Read moreAn ongoing probe into several of China’s largest overseas asset buyers is a healthy sign of political will and reflects how regulators are getting on top of things, an investor said Tuesday Last week, high profile Chinese companies, including billionaire Wang Jianlin’s Wanda Group, Anbang Insurance and Fosun were reportedly placed under scrutiny amid a […]
Read moreLife as a London renter has been a fairly miserable vantage point from which to watch the phenomenon of soaring house prices in the years since the financial crisis. Yes, it’s enriching to try local living in several of the capital’s quirky and charming “villages”, but the price of the flexibility to swiftly switch from […]
Read moreElectric propulsion technology can potentially make air transport cheaper, quieter, safer and more environmentally friendly, according to one of the co-founders of Solar Impulse, a company that is exploring the potential use solar-powered airplanes for travel. André Borschberg, chief executive and pilot at the Switzerland-based company, spoke to CNBC on the sidelines of the World […]
Read moreAsia’s oldest stock exchange BSE is aiming for one thousand new listings over the next four to five years as a rollout of the Goods and Services Tax (GST) on July 1 encourages more Indian companies to list their shares, Managing Director and CEO Ashishkumar Chauhan told CNBC. “BSE already has 5500 listings, and India […]
Read moreDon't tar us all with same brush, says tech exec after culture concerns sparked Uber's CEO departure
Concerns over start-up culture following former Uber CEO Travis Kalanick‘s high-profile departure from the company he co-founded may be prompting some to bucket such companies together, but this is “dangerous”, a senior technology industry executive said on Tuesday. “I think it’s a shame when there’s a generalization about unicorns or some aggregation of all businesses […]
Read moreDALIAN, China — Chinese Premier Li Keqiang delivered an address resoundingly touting the benefits of globalization notes during the first day of the World Economic Forum’s “Summer Davos” event in Dalian, China. During the speech, Li heralded globalization, saying that “it is bringing benefits to all countries,” although he acknowledged that countries may also face […]
Read moreProfits at China’s industrial companies surged 16.7 percent in May from a year earlier, accelerating from April and defying expectations of a slowdown in the face of rising borrowing costs and a cooling property market. Profits in May rose to 625.99 billion yuan ($91.52 billion), the National Bureau of Statistics (NBS) said on its website […]
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