If you go by official Indian government figures, Chinese direct investments into the country this century hit a paltry $1.6 billion in March 2017. That’s a weak showing compared to President Xi Jinping’s 2014 promise to spend $20 billion over five years in India, one of the fastest growing Asian economies. But while there’s yet […]

Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions. Bills before both the U.S. Senate and the House of Representatives would cut the corporate rate from the current 35 percent to 20 percent. President […]

Bitcoin is getting more attention than it deserves, but the phenomenon is not going away overnight, according to Morgan Stanley Chairman and CEO James Gorman. Speaking with CNBC on Thursday, Gorman said bitcoin isn’t even close to a safe investment, and would-be cryptocurrency owners shouldn’t expect otherwise. “Something that goes up 700 percent in a […]

While there may be concerns about debt in China, the world’s second-largest economy remains a tremendous engine for global growth, Morgan Stanley’s chairman and CEO told CNBC. With domestic economic growth at around 6 percent and a $10 trillion to $11 trillion economy, the country “is a gift that keeps giving to world economic growth,” […]

U.S. corporate taxes within the 20 percent range would be a plus for the economy, Morgan Stanley Chairman and CEO James Gorman told CNBC on Thursday. Rates in the world’s largest economy are currently 35 percent, versus 15-25 percent in major jurisdictions elsewhere in the world, he explained. “For the U.S. to be so much […]

All three major U.S. indexes closed lower in the last session as investors digested economic releases stateside ahead of Asia’s Thursday trading day. The closely-watched consumer price index rose by just 0.1 percent in October compared to the 0.5 percent rise seen in September, which was in line with a forecast from economists in a […]

[The stream is slated to start at 3:30 p.m., ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump, having recently returned from a 12-day trip to Asia, is expected to make an announcement Wednesday afternoon. A White House official said that the president’s statement will […]

Despite public criticism about a lack of transparency in some practices, Ant Financial is doing things the right way, a senior executive at the company said Wednesday. The company — which spun off from Chinese e-commerce giant Alibaba to run the massive Alipay digital payments platform — has seen healthy demand for its asset-backed securities, […]

President Donald Trump’s landmark Asia trip, which concluded on Tuesday, revealed his growing reliance on India as a strategic partner in the region. But if Washington wants Prime Minister Narendra Modi’s administration to be at the core of its Asia policy, it must help New Delhi on issues crucial to its own future, experts said. […]

A senior Chinese diplomat will visit North Korea from Friday as a special envoy of Chinese President Xi Jinping, the government announced on Wednesday, amid continued tensions over Pyongyang’s nuclear and missile programs. China has repeatedly pushed for a diplomatic solution to the crisis, but in recent months has had only limited high-level exchanges with […]