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The treasury secretary, in an exclusive CNBC interview, also said the stock market turmoil isn't a major concern at this point.
Asian stocks opened narrowly mixed on the final trading day of the week, following a mildly positive lead from Wall Street.
The White House is preparing to slap sanctions on Chinese companies connected to the cyber theft of US intellectual property, the FT reports.
Everyone is blaming China for the recent stock-market rout. But this is much bigger than that, says trader Brian Kelly.
Samsung revealed Thursday that its smartwatch will be compatible with several Android devices rather than just its own phones and is launching with more than 1,000 apps.
China held a military parade that was nothing less than extravagant, in commemoration of the 70th anniversary of the end of World War 2.
China's recent slowdown is "not a surprise," Frederic Oudea, CEO of Societe Generale, told CNBC on Thursday.
China is one of the world's top defense spenders so it's no surprise that Thursday's military parade will be showcasing the nation's best.
A Chinese stock trading platform part-owned by Alibaba's Jack Ma was slapped with fines by regulators late Wednesday.
Asian stocks mostly recovered on Thursday as investors took heart in a positive finish on Wall Street overnight.
Samsung-owned SmartThings has released a number of updated "smart home" products at IFA as Samsung looks to be at the center of the home.
Millions went on strike on Wednesday, the latest display of opposition to Prime Minister Narendra Modi's reform package.
China's military parade elicited pride from netizens, reflecting Beijing's censorship efforts.
The Hong Kong-listed Fosun group may now have to switch its focus after a series of large acquisitions, the Financial Times reports.
The U.S. shouldn't publicly advise China about its woes, but the countries should have a dialogue, a former U.S. diplomat says.
Hedge fund manager Chase Coleman suffered a 7.4 per cent loss in August due to China's market slump, the Financial Times reports.
Swiss authorities have frozen funds in Swiss banks amid investigations of Malaysia's 1MDB, on suspicion of corruption.
The hack of Sony Pictures last year was not behind the recent slump in the Japanese electronics giant's movie business, Sony's CEO told CNBC in an interview.
China is cracking down on investors and journalists for any actions that may have sent its stocks lower.
Russian and Chinese intelligence are gathering cyberattack data to possibly target government workers, CNN reported.
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Amid a weak recovery in the euro zone, European Central Bank President Mario Draghi has raised the prospect that the central bank could ease further, says Evariste Lefeuvre, chief economist at Natixis.
Olivier D'assier, APAC Managing Director at AXIOMA, outlines the factors which sparked the meltdown in global financial markets.
While the long-term prospect for oil looks promising, the near-term outlook remains cloudy due to factors such as a looming Fed rate hike, says David Lennox, resources analyst at Fat Prophets.