Europe Opens Sharply Lower on Fed Comments
CNBC
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There is an increased likelihood the Federal Reserve will begin scaling back its bond buying program in December, said Goldman Sachs following the monetary policy meeting.
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As 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.
Wednesday, 19 Jun 2013 | 10:14 PM ETAs Brazil's economy strengthens on the back of the Fed's announcement, Kingsley Jones, Founder & CIO at Jevons Global, talks equity investment opportunities in the South American country.
Wednesday, 19 Jun 2013 | 7:30 PM ETSales of air purifiers and face masks have surged after Singapore's pollution index hit the "hazardous" end of the scale Wednesday night. The haze is a result of slash-and-burn land clearing from the Indonesian island of Sumatra.
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. |
Boeing maintains that the Airbus A350 will not affect its share of the wide body market. |
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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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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Equity, bond and commodity 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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A proposal by Sony Corp's top investor to partially spin off the company's lucrative entertainment business will be the elephant in the room at an annual meeting on Thursday.
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The slump in the Indian rupee, which is hovering near lifetime lows, poses a threat to the recovery in Asia's third largest economy that is already on fragile footing.
Europe News
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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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George Osborne renewed his commitment to promote competition in retail banking on Wednesday, and inquired into the effects of mandatory branch sales by Lloyds and RBS.
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Lower-ranked tennis players will be able to collect more in prize money than ever before at this year's Wimbledon tournament.
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The IKEA Foundation, the philanthropic arm of the iconic Swedish furniture maker, has helped come up with a more comfortable refugee shelter.
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An Italian court on Wednesday sentenced fashion design duo Dolce and Gabbana to one year and eight months in prison for hiding hundreds of millions of euros from the tax authorities.
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Economist and former member of the Bank of England's Monetary Policy Committee, Adam Posen said while outgoing governor Mervyn King will be remembered as being a great public servant, he made a series of misjudgements.
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.