An increasingly assertive China is making its presence felt in Hong Kong, which is a development Taiwan is watching closely as the self-governed island marks 30 years after the lifting of martial law. “The Hong Kong experience provided a glimpse of what might happen to Taiwan should the ‘One Country, Two Systems’ formula apply (to […]
Read moreCurrency, United States Finance
ECB to hold steady this week as traders eye a September ‘taper’ of its bond-buying program
The European Central Bank (ECB) is widely expected to hold interest rates steady on Thursday with many market watchers expecting the bank to announce in September plans to reduce its bond-buying program. ECB President Mario Draghi’s speech in Sintra was interpreted by many economists as a sign that the central bank was more optimistic about […]
Read moreMicrosoft is throwing the weight of its Azure cloud infrastructure behind Baidu’s open source autonomous driving project, Apollo, the companies announced Tuesday. Baidu first revealed details about the initiative, named after the historic lunar landing program, in April: It is an open platform that provides cloud infrastructure, open software stack and other services that are […]
Read moreA Communist Party mouthpiece is crowing that malfunctioning U.S. leadership is making China “great again” on the eve of highly anticipated bilateral trade talks between the two countries. The op-ed published in the People’s Daily said the U.S. was in political chaos and suffered from a broken system, which was why Washington couldn’t get anything […]
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Southeast Asia’s largest economy is defending its maritime rights within the disputed South China Sea in a perceived act against Chinese encroachment. Indonesia has long maintained an exclusive economic zone in waters claimed by Beijing, but unlike many of its neighbors, it’s never been a player in the long-simmering conflict that’s weighed on intra-Asian relations. […]
Read moreChinese users had trouble using the popular WhatsApp instant messaging tool on Tuesday, with many fearing it is the latest victim of Beijing’s internet clampdown. Most of the affected users said they could not send or receive photos using the chat app, which is owned by Facebook, without a virtual private network. VPNs are used […]
Read moreEmbattled Chinese internet conglomerate LeEco has been branded a “Ponzi scheme” in an online comment made and endorsed by some of the country’s leading lights in technology. The debt-ridden group of technology companies founded by billionaire Jia Yueting declined to comment on the scathing critique posted by Tencent co-founder Zeng Liqing, and “liked” by the […]
Read moreAustralia on Wednesday ordered the country’s biggest banks to raise capital for the second time in two years and signalled further action to shore up their burgeoning mortgage books, potentially squeezing shareholder returns. The banking regulator said it would release a discussion paper later this year to include risk weights on mortgages among other changes, […]
Read moreThis article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. China’s shift from a country that copies ideas from the West to a tech and innovation powerhouse is no longer an aspiration — it’s a fact. That was the repeated conclusion last week at one of […]
Read moreOne Medical, the venture-backed primary care group with 60 clinics nationwide, has tapped an executive from health insurance giant UnitedHealth Group to be its new CEO. Amir Rubin, the executive vice president and CEO of Optum, a division of UnitedHealth, was named to the top post on Tuesday, One Medical told CNBC. Tom X. Lee, […]
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