NEW YORK, May 20- A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home mortgages to corporate loans. ARRC said the two rates it identified as replacements represent "robust" markets, each... » Read More
China will shake up its military by establishing a joint operational command structure and rejig existing military regions as part of overall reforms.
While India's government is well-intentioned, it doesn't have the majority needed to move on reforms, says Saurabh Mukherjea, CEO of institutional equities at Ambit Capital.
Raghuram Rajan, Reserve Bank of India governor, speaks to CNBC about cleaning up India's banking system and its corporate sector.
CNBC's Martin Soong explores India's challenge; building an inclusive economy while a large proportion of its population lives in poverty.
Alexander Kazan, practice head, emerging markets at Eurasia, says Prime Minister Narendra Modi's three-day visit to the U.K. reflects the enthusiasm that international investors have about India.
Anil Gupta, professor of strategy & globalization at The University of Maryland, outlines his expectations for the package of business deals that will likely be signed during Indian Prime Minister Modi's visit to the U.K.
China's political leaders will focus Fifth Plenum discussions on economic growth, says John Lee, senior fellow at Hudson Institute.
Richard Martin, executive VP of IMA Asia, says China's 12th five-year plan contains contradictions and a lack of focus on reforms.
Scott O'Malia, CEO of the International Swaps and Derivatives Association, discusses global financial and capital reforms post-2008.
Puerto Rico could be completely illiquid by November, pushing it closer to defaulting on major debt payments, top officials said.
Starling Bank CEO, Anne Boden, explains why mobile is enough for people to manage their current accounts.
The CME Group plans to raise transaction fees on a host of products starting Jan. 1, 2016, pending regulatory approval, the exchange said on Monday.
Tommy Xie, economist for treasury research and strategy at OCBC Bank, reckons China's Q3 GDP will come in at 6.7 percent, with little support from the property sector.
China's state-owned enterprises (SOE) need to boost productivity, which is becoming a top priority for Beijing, notes Uwe Parpart, MD and head of research at Reorient Financial Markets.
With reform momentum stalling, a swift depreciation in the rupee and subdued export demand, Indian business confidence is fast waning.
Sanjeev Prasad, senior executive director & co-head, institutional equities at Kotak Securities, says the political stalemate in India could take a toll on market sentiment.
Christoffer Moltke-Leth, head of sales trading, Asia Pacific at Saxo Capital Markets, says the devaluation of the yuan on Tuesday marks a shift to a more market-based currency policy in China.
Christophe Crombez, consulting professor at The Europe Center of Stanford University's Freeman Spogli Institute for International Studies, discusses Greece's next step.
Among the European Union members, Germany, Finland and Holland may vote 'No' to Greece's new rescue package, says Charles Ries, Former U.S. Ambassador to Greece from 2004-2007.
Neo Teng Hwee, MD, CIO & Head of Investment Products & Advisory at UOB Private Bank, says Beijing's recent intervention is at odds with its structural reforms.