Subsidies accounted for four-fifths of the profits reported by Chinese steel companies, a dramatic increase in reliance on state support.» Read More
Even as markets cheered the agreement by European leaders to allow the direct use of the bloc’s bailout funds to recapitalize struggling banks, well-known investor Jim Rogers told CNBC the move does nothing to help solve the region’s biggest problem, which is its high debt levels.
Sentiment is very fragile in the Chinese market after the seventh down day in a row, wiping out all of 2012’s gains.
Global luxury stocks have surged in the first-half of the year, driven by investor optimism over company earnings, but growing concerns over a further slowdown in global growth, particularly in the world's second-largest consumer of luxury products China, is putting into question whether the gains can be sustained.
Jim Dwyer, Executive Director, Business Council of Mongolia says from 2013-2020 the IMF projects 20 % growth in Mongolia.
Yonghao Pu, Regional Chief Investment Officer of APAC, UBS Wealth Management advises investors to be overweight on investment grade corporate bonds that have a 5 percent return.
The Chinese market may trade in a narrow range after shares fell for the sixth day in a row — the longest downturn seen this year.
Feel like you’re driving an old car? You’re not alone. In fact, the average age of vehicles in the U.S. has hit a new all-time high.
Hong Kong-listed jewelers have been battered in recent months by concerns over a slowdown in sales growth in the mainland along with rising risk aversion among investors.
A 28th floor apartment in south Mumbai, facing the Arabian Sea, sold for a record-setting 390 million rupees ($6.8 million) this month, underscoring the dichotomy in India’s property market where prices remain stubbornly high, even as the economy falters and the currency nosedives.
John Hailer, President & CEO, Natixis Global Asset Management says investors have gone back to traditional ways of investing as events in the last few years have scared them.
Chinese shares are due for a technical rebound after the longest losing streak seen this year.
Millennials, and other young people have become so neutral about driving, they are a factor behind auto sales not growing at a faster pace.
The unresolved euro zone crisis, slowing growth prospects and currency depreciations have created a risk-off environment that makes investors think twice about emerging markets, Pablo Goldberg, Global Head of Emerging Markets Research at HSBC told CNBC’s “Squawk Box Europe”.
Once seen as the land of opportunity, the U.S. today is grappling with rising inequality and a political system that benefits the rich at the expense of others, resulting in lower growth and risking the death of the American dream, according to Nobel prize-winning economist Joseph Stiglitz.
While China’s major business centers, Shanghai and Beijing are known to be among the most expensive cities for expats in Asia, the cost of living in other, less well-known Chinese cities is now surging.
Economic growth in Asia, which has been slowing in recent months, is set to recover in the second-half of the year, on the back of a rebound in China, say economists at HSBC.
Investors typically flock to defensive stocks during bouts of volatility, but Joshua Crabb, Director and Portfolio Manager, Blackrock's Asian Equities team said a number of cyclical stocks are starting to look attractive as well.
With U.S. stocks extending losses on Monday, one asset manager says the stock market is like a car that is leaking oil, adding that the lack of strong policy action by politicians in Europe is likely to lead to more volatility and further declines in equities.
Confidence is weakening in the Chinese market after the fourth straight session of losses on Monday.
The new chief executive of Airbus says he is ready to “bet” that the European aircraft maker’s planned new A350 widebody passenger jet will not suffer the same three-year delay that Boeing had with its 787 Dreamliner, the Financial Times reports.
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Speaking to CNBC ahead of the 3rd annual Singapore Summit, John Nelson, Chairman at Lloyd's of London, says an independent Scotland won't make a huge difference to its business.
Michael Milken, Chairman of Milken Institute, outlines the institute's objectives in Asia and discusses the outlook for high-yield bond markets.
CNBC's Matthew Taylor looks at the tourism industry in Australia's Cairns, which is home to the Great Barrier Reef and generates more than $2 billion a year.