Chinese authorities have said they will head off the risk of a property market crash by stiffening regulation and preventing high land prices. Regulators from land and housing ministries, as well as the Peoples Bank of China (PBOC), have agreed plans to curb speculation in bricks and mortar, Reuters reported, citing comments on Chinese state […]
Read moreAs part of its $103 billion bid to buy Qualcomm, Broadcom has hinted that it would make big changes to Qualcomm’s patent licensing business, a major cash-cow for the company but a source of bitter conflict with regulators and key customers including Apple. But Broadcom has given few details about how it would go about […]
Read moreThe ongoing political turmoil in Germany could actually benefit Chancellor Angela Merkel, a political analyst told CNBC Tuesday. There have been reports that the current political impasse in Germany is affecting the popularity of the German leader, but according to Peter Matuschek, chief political analyst at polling company Forsa, “it’s quite the opposite.” “If we […]
Read moreIranian President Hassan Rouhani declared the end of the so-called Islamic State militant group Tuesday. Rouhani said he wished to thank all the “warriors of Islam” for helping to “put an end to a group that did not bring anything for us but evil, misery, destruction, murder and savagery.” “The bulk of the work was […]
Read moreChinese internet giant Tencent has surpassed Facebook in terms of market value just a day after it became the first Asian technology firm to reach the $500 billion valuation mark. Tencent shares hit a record high of 439.6 Hong Kong dollars during Asian trading hours on Tuesday, giving it a market capitalization of 4.17 trillion […]
Read moreCurrency, United States Finance
German liberal party member blames socialists for political turmoil, says there was 'zero' compromise
A member of the German liberal party blamed the country’s Socialist Party for the recent collapse in coalition talks to form a new government, despite the latter not being involved in the negotiations. “Keep in mind, why are we in this situation, why did we need four-party exploratory talks. It was because the second-largest party, […]
Read moreGerman Chancellor Angela Merkel started her unprecedented political career with a risky act by breaking ranks with her supporter and former leader Helmut Kohl. And she might also end her career in politics with a risky act by now preferring snap elections over a minority government. “I don’t have a minority government in my plans, […]
Read moreTesla CEO Elon Musk surprised fans and investors last week with the unveiling of a $200,000 Roadster that he claimed could go from 0 to 60 miles per hour in 1.9 seconds. At the same event, the billionaire also unwrapped a hotly-anticipated truck called the Tesla Semi. Two launches at one event. It might not […]
Read moreBitcoin is a “real” asset but it’s currently in a bubble, according to a CNBC survey of global finance bosses, with many calling it a “fraud.” Ninety-seven chief financial officers (CFOs) on CNBC’s Global CFO Council were asked their view on bitcoin. Out of the 43 that responded, 27.9 percent said the cryptocurrency is “real […]
Read moreEuropean equities are expected to open mostly lower on Tuesday morning with investor sentiment curbed by a political impasse in Germany. The FTSE 100 is seen up by 3 points at 7,389; the DAX is set to open lower by 9 points at 12,053 and the CAC 40 is expected to start lower by 5 […]
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