Chinese stocks could attract more than $400 billion in inflows once shares are fully included in widely followed MSCI indexes, the world’s largest asset manager BlackRock said on Wednesday. The comment made by its managing director and head of China equities, Helen Zhu, was in response to the muted reaction from market watchers after MSCI […]
Read moreJapan’s Toshiba said on Wednesday it is filing a lawsuit against joint venture partner Western Digital. Toshiba is claiming 120 billion yen ($1.07 billion) in damages, saying in a statement that Western Digital is interfering with the sale of its memory chip division. Toshiba also said it has decided to shut out Western Digital employees […]
Read moreWith a population of 1.4 billion and limited arable land, China is trying hard to convince citizens to accept genetically modified (GM) food, but there is still consumer resistance to such crops. The Dow Chemical Company expected continuing public education will help. “It’s all about education and based on providing facts and data in terms […]
Read moreThe difference between current and potential levels of output in the euro area economy could be greater than the European Central Bank (ECB) originally thought, its vice president, Vitor Constancio, warned on Tuesday. “What we see, what we observe is that domestic factors of inflation starting with wage and cost developments and then also price […]
Read moreCurrency, United States Finance
Slack in the European economy looks worse than we thought, says ECB vice president
The difference between current and potential levels of output in the euro area economy could be greater than the European Central Bank (ECB) originally thought, its vice president, Vitor Constancio, warned on Tuesday. “What we see, what we observe is that domestic factors of inflation starting with wage and cost developments and then also price […]
Read moreThe global health-care industry faces a “huge disruption” as technology heavyweights jostle for consumers with traditional providers, the chief executive of a major pharmaceutical company said. Yitzhak Peterburg, interim president and CEO at Teva Pharmaceutical, told CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian that digital disruption is an […]
Read moreChina is sending a “remarkably strong signal” about stemming capital outflows by going after big companies, said Eswar Prasad, the former head of the IMF‘s China division. “I think there is a concern here that corporate outflows, among other types of outflows, may be providing a cover for the illegitimate capital outflows, the capital flight […]
Read moreChina‘s economic growth will accelerate because the country will finally get leaders who aren’t scared, a former adviser to China’s central bank said Wednesday. “The most important reason is that there is a new group of officials being appointed … (who will emerge) around the 19th Party Congress which will be in mid to late […]
Read moreTechnology companies, whose recent share volatility has captured much attention worldwide, have “more substance” now compared with the dotcom boom, the chief executive of a global investment firm said. Thomas Finke, chairman and CEO of Barings, told CNBC at the sidelines of the World Economic Forum in Dalian, China that companies such as Amazon are […]
Read moreU.S. Secretary of State Rex Tillerson agreed to work toward seeking a resolution to a Saudi Arabia-led effort to isolate Qatar, the gulf country’s foreign ministry said in a statement. Tillerson met with Qatar Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani this week, the first meeting since the blockade began, the statement said. “The […]
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