Ross Givens, chief market analyst at Wealth Empire, says companies are using China as a scapegoat, and Yum! Brands’ new price will accurately reflect their worth.» Read More
BEIJING, Oct 7- China's foreign exchange reserves posted their biggest quarterly decline on record in July-September, as the central bank stepped up intervention to stabilise the yuan and calm sentiment after an unexpected devaluation of its currency had jolted global markets. China's reserves, the world's largest, dropped $43.3 billion to $3.514 trillion...
BEIJING, Oct 7- China's foreign exchange reserves shrank by $43.3 billion in September as the central bank stepped up intervention to stabilise the yuan and calm sentiment after a surprise devaluation of its currency had jolted global markets. China's reserves, the world's largest, dropped to $3.514 trillion last month, central bank data showed on Wednesday,...
SHANGHAI— A New York judge has ordered the Bank of China to hand over detailed information about Chinese bank accounts used by a counterfeiting ring that allegedly sold millions of dollars of fake Gucci handbags and wallets in the U.S. China's financial system is also used to launder money, both by members of the Chinese diaspora and criminal groups of other...
There a contention of accuracy between China's official forecasts and those by private providers, says George Hoguet, MD and global investment strategist at State Street Global Advisors.
Herald Van Der Linde, head of equity strategy for Asia Pacific at HSBC, outlines the regional benefits and repercussions of China's currency reforms.
Karen Short, managing director at Deutsche Bank Securities, says investors had expected stronger same-store sales in China.
China's manufacturing strength and easy credit policies will not stimulate sufficient growth to meet IMF's forecasts, says Jim McCaughan, CEO at Principal Global Investors.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Expectations for Apple have fallen low enough that the tech giant could easily surprise Wall Street, one company watcher said.
Chinese are now the top foreign buyers of domestic properties, according to the National Association of Realtors.
The major restaurant companies are expected to report generally higher third-quarter earnings, although there could be some disappointments.
The Fed held off on a rate hike in September, says trader Brian Kelly. Now a bigger battle is about to take place.
IMF Chief Economist Maurice Obstfeld provides insight to the IMF's cut to its global growth forecast to 3.1 percent from 3.3 percent.
Finance ministers and central bankers from around the world are gathering in Lima this week for meetings of the International Monetary Fund and the World Bank. >IMF cuts global growth forecasts again, cites commodity and China worries. >IMF sees China slowdown risks, urges Beijing to float yuan.
Why his firm is reducing its risk to the U.S. market, despite seeing fundamental growth in the market, with Phil Camporeale, JPMorgan Funds VP.
The IMF is cutting its global growth forecast to 3.1 percent from 3.3 percent, with the biggest cuts to Brazil and Russia, reports CNBC's Sara Eisen.
U.S. solar company SunEdison said it would cut about 15% of its global workforce as part of a restructuring plan to integrate the businesses it bought recently.
BEIJING, Oct 6- China's policymakers should forge ahead with structural reforms to put the world's second-largest economy on a more sustainable footing, even as growth is likely to slow further to 6.3 percent in 2016, the International Monetary Fund said on Tuesday. The IMF expects China's growth to slow to 6.8 percent this year from 7.3 percent in 2014, and...
CNBC's David Faber reports on Freeport-McMoRan reducing the size of its board of directors from 16 to 9 people.
Barry Sternlicht, Starwood Capital CEO, weighs in on China's wealth and economy.