Wells Fargo CEO: We Need to Get Back to Normal Interest Rates
CNBC
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Despite market turmoil over the Federal Reserve's indication that it could start tapering its bond buying program, billionaire investor Alisher Usmanov told CNBC that it would play a "positive" role for markets.
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John Chambers, CEO of Cisco, explains that they've increased their overseas acquisitions because of the "broken" U.S. tax system.
Thursday, 20 Jun 2013 | 2:20 AM ETMark Haefele, global head of investment at UBS Wealth Management, tells CNBC that despite volatility, a bet that has worked very well is betting where you see that the central bank has got your back
Wednesday, 19 Jun 2013 | 7:21 PM ETAs China pushes forward with its urbanization push, some farmers are being forced to trade in their ploughs for urban life. CNBC's Eunice Yoon sent us this report from Chonqing.
Highlights
Global fish prices have leapt to all-time highs as China's growing appetite runs up against lower catches. |
Religion has become yet another a source of discord in Europe. The New York Times reports. |
Ryanair’s CEO, Michael O’Leary tells aircraft-makers: lose the toilets, cram more seats. How cheap is too cheap? |
Buddhist monks on private jets? Thai officials are monitoring them for indulging in "worldly lifestyles." |
Goldman and Citi are bullish on this Asian country, which is currently the cheapest market after China. |
Top News
Editor's Picks
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Yields on 10-year Treasurys have lurched 50 basis points upwards since May, and some economists now forecast yields could reach 3 percent by year-end.
CNBC Meets
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Former tennis player Andre Agassi tells CNBC the private sector is the best means through which to create better schools in America.
Charting Asia with Daryl Guppy
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China remains one of Asia's worst-performing stock markets this year, but there are reasons to believe the prevailing downtrend for the long-time laggard may be coming to an end.
Coming Up On CNBC
Asia-Pacific News
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Weakness in China's vast manufacturing sector, which has exacerbated concerns over its economy, will make it harder for the government to resist calls to ease its policy stance.
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Smog so dense you can hardly see and people walking around with face masks on: scenes often associated with polluted Beijing actually describe Singapore.
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PM Abe has vowed to take steps to help mobilise women power to end economic stagnation and engineer growth in a country beset by an ageing, shrinking population.
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The closely-watched flash estimate of the HSBC China Purchasing Manager's Index (PMI) fell to 48.3 in June, worse than the 49.2 reading in May when the index moved into contractionary phase for the first time in seven months.
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Markets sold off sharply in Asia on Thursday, after the U.S. Fed suggested it could start to unwind its monetary stimulus program later this year.
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Sony shareholders pressed its chief executive for a response to Third Point's proposal for a partial spinoff of its entertainment arm but Kazuo Hirai pleaded for their patience.
Europe News
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The banking watchdog said the aggregate capital shortfall at five major U.K. banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 billion initial estimate in March this year.
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Pressure on services and manufacturing activity in the euro zone eased more than expected in June, and while a full recovery is a long way off, analysts said the signs point to a more moderate downturn.
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Business leaders at the Saint Petersburg International Economic Forum (SPIEF) told CNBC that they want to see Russia reform and re-engage with the outer world, politically and economically.
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British electricity prices may be almost double those in Germany within three years due largely to the impact of a new tax aimed at supporting renewable power generation.
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Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.
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Once-commanding giant of the technology world Alcatel Lucent announced a fresh cost cutting program on Wednesday as new CEO Michel Combes plans to turn around the company's fortunes.
Paris Airshow 2013
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Ryanair CEO Michael O'Leary finalized an order for 175 Boeing 737-800 aircraft at the Paris Air Show but he said he was disappointed that neither Boeing nor Airbus could offer him a few more seats on their single-aisle planes to allow for cheaper fares.
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The Paris Airshow, the world's biggest, is celebrating its 50th anniversary this year. Click ahead for the highlights from the show.
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In a week that has seen Boeing's Dreamliner meet its new challenger in the form of the Airbus A350, the U.S. firm maintains that the new European aircraft will not affect its share of the wide body market.
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As trade between African nations rises, there is also a growing need for fast, efficient travel between countries. Yet air transport links remain under-developed.
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Bombardier Commercial Aircraft's President says the Canadian aircraft manufacturer is bullish on the BRIC nations as it details its new CSeries planes at the Paris Air Show, hoping to take advantage of a gap in the market.
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After an opening day at the Paris Air Show that saw Airbus announce an impressive amount of orders, Boeing fought back on Tuesday with a raft of orders and the launch of the latest in the line of 787 Dreamliners, the 787-10.
Industrial Revolutions
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Find out how self-driving cars could revolutionize the auto industry in the next decade.
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From the first flight in 1903, air travel has come a long way - and trips to outer space could be next.
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Start-ups are using social networking and technological advances to innovate personal banking and give control back to the consumer.
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MIT is focusing on technology that could redefine the process of construction.
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Companies are moving beyond the mouse and touchscreens to create the next form of computer interactivity.
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Experts believe that fusion energy - which would never run out and is environmentally-friendly - could one day form 50% of the energy market, although it may not come into use for another few decades.
Technology
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Facebook may be about to make a push into short-video-sharing, and it could mean big money for the company in the future.
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Less than one week after E3, Microsoft has announced a major policy change on the most controversial policies of the Xbox One, bowing to growing negative consumer sentiment.
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Microsoft was recently in advanced talks about purchasing Nokia's device business, according to a report in the Wall Street Journal, but talks have faltered.
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Jeffrey Katzenberg is changing DreamWorks Animation from a movie studio with a few big films a year to a multiplatform media business.
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The tech giant announced that the HBO GO and WatchESPN applications are now available on its Apple TV platform.
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Three attorneys general want Google to change the way its search engine displays results, accusing the company of helping facilitate the sale of illegal goods.
Finance
NetNet
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His term expires January. People are saying Obama fired him earlier this week. Bernanke won't talk about it.
Market Insider with Patti Domm
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Taper Tantrum! Fed Chairman Ben Bernanke stated again that if economic conditions continue to improve, the Fed will begin tapering its bond purchases by year end.
By the Numbers
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The CBOE Volatility Index, the market's so-called fear gauge, stretched over a 22 percent range in each of the last two weeks, its first such streak since March.
Opinion
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Forcing businesses to pay the minimum wage for interns ignores both the costs incurred by the host business and the value received by the intern.
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Diana Furchtgott-Roth, Manhattan Institute senior fellow, parses the data and says the comparison is bogus.
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A panel of experts and Larry Kudlow discuss the Supreme Court's refusal to declare "pay to delay" deals between pharmaceutical companies and generic drugmakers illegal.
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Can anyone tell me with a straight face that they knew the S&P 500 would be flirting with all time highs right now, asks investment adviser Michael Farr.
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The euro is a unique example of an asset class with intrinsic investment features, but is it a reliable store of value?
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Scott Rasmussen, Rasmussen Reports, discusses a recent poll that found 57 percent of people believe the government will use NSA surveillance data against political opponents.