This article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. To Elon Musk’s audience, the storied entrepreneur is less of a CEO than he is a rockstar. That’s what I learned after covering an afternoon of events by his companies SpaceX and Tesla in Australia, where […]
Read moreAustralia’s central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signaled a steady outlook for some time to come. The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 49 analysts had found all but one expected […]
Read moreMusician Tom Petty, frontman of Tom Petty and the Heartbreakers, has died on Monday at age 66, his manager said in a statement. “On behalf of the Tom Petty family, we are devastated to announce the untimely death of of our father, husband, brother, leader and friend Tom Petty,” Tony Dimitriades, longtime band manager, said […]
Read moreJapanese Prime Minister Shinzo Abe has seen a political rival creating a stir ahead of the country’s October snap elections: The newly formed “Party of Hope,” led by Tokyo’s popular governor, is challenging the current power structures. Yet lost in the intrigue of political competition is a important characteristic of the new party, according to […]
Read moreWashington has praised the world’s second-largest economy for making progress in enforcing sanctions imposed on North Korea. But China’s current measures may just be a temporary move for its own gain. Since Pyongyang’s first nuclear test in 2006, China has adopted the United Nations’ multiple resolutions against the rogue state. Doubts about enforcement have persisted, […]
Read moreJapanese big manufacturers’ business confidence improved in September from three months ago, the Bank of Japan’s closely watched quarterly “tankan” survey showed on Monday, underscoring the central bank’s rosy economic view. The headline index for big manufacturers’ sentiment stood at plus 22 in September, and is expected to fall to plus 19 over the next […]
Read moreSeveral North Korean missiles were recently spotted moved from a rocket facility in the capital Pyongyang, South Korea’s Korean Broadcasting System (KBS) reported late Friday amid speculation that the North was preparing to take more provocative actions. The report cited an unnamed intelligence source saying South Korean and U.S. intelligence officials detected missiles being transported […]
Read moreChina’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more lending to struggling smaller firms and energize its lackluster private sector. The People’s Bank of China (PBOC) said on its website that it would cut […]
Read moreChina’s manufacturing activity grew at the fastest pace since 2012 in September as factories cranked up output to take advantage of strong demand and high prices, easing worries of a slowdown before a key political meeting next month. Production, total new orders and output prices all improved to the highest level in at least a […]
Read more
Swiss start-up Magnes Sports also claims a first when it comes to sport-specific wearables. George Chatzipirpiridis, Magnes Sports’ chief technology officer, said that his company’s device is the first wearable to measure power generated by the cyclist. “Many cycling enthusiasts own several bikes — some of these have power meters attached to them. We are […]
Read more