Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Huawei legal chief Song Liuping told CNBC that the company is in the "early phase" of talks with Verizon over paying royalties.Technologyread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
U.S. President Donald Trump on Thursday asked India to withdraw retaliatory tariffs that New Delhi imposed this month, calling the duties "unacceptable."World Economyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
The U.S. government shutdown could be bad news for Japan and its efforts to revive its economy, an International Monetary Fund official said on Tuesday.
According the IMF's Mission Chief for Japan, Jerry Schiff, the U.S. political impasse, which looked set to move into its seventh day on Tuesday, threatens to complicate matters for Japan at a "critical time."
"It's important to remember Japan is doing something quite difficult," said Schiff, referring to Prime Minister Shinzo Abe's radical policy regime - dubbed "Abenomics" - which involves aggressive monetary easing, fiscal stimulus and structural reform.
"It's a critical moment now, and any additional headwinds from lower global growth, [or] financial volatility in the world is just going to make the task more difficult," he added.
The IMF's warning follows comments from Japanese finance minister Taro Aso on Friday, who sounded fears over how the political impasse in the U.S. could lead to further U.S. dollar selling and yen buying, which would be bad news for Japanese exporters and the success of Abenomics overall.
Japan's domestic currency has weakened around 20 percent since Prime Minister first started talking up his Abenomics policies in mid-November last year. However, over the past week its strengthened around 1.5 percent to a multi-month high of around 96.66 to the dollar amid the shutdown fears.
Schiff said uncertainty over the shutdown could lead to a surge into safe-haven assets, like the yen, which would not be desirable for Japanese policy makers.
"[This] could reverse some of the yen depreciation we've seen over the past six months or so, and that would be very unhelpful at this time," he said, adding that the recent strength was "not necessarily problematic" but a much larger appreciation would be.
On a more positive note, Schiff told CNBC the IMF was pleased with Japan's recent decision to push ahead with the scheduled sales tax hike from 5 to 8 percent next April and from 8 to 10 percent in October 2015.
The measure had stirred much debate in recent months; although it is seen as a vital step in helping Japan address its huge fiscal debt pile, others were concerned it would damage economic growth.
"The confirmation that [Japanese policy makers] are going ahead with the consumption tax next April is really a major step forward," said Schiff.
However, the IMF Mission Chief warned that on its own, the measure would not be enough to help Japan substantially cut its debt pile. The sales tax hike would generate roughly 2 to 3 percent of gross domestic product (GDP), he said, while recent stimulus measures would add a similar amount.
"That only gets you half way to the amount of the adjustment required to begin to bring the debt to GDP ratio to a declining path... there is going to be further adjustment needed," he added.
Japan's current account surplus fell 63.7 percent in August from a year earlier, Ministry of Finance data showed on Tuesday, surprising analysts who had forecast a 23.4 percent annual increase.
(Read More: Will Japan's elderly get burned by 'Abenomics'?)
Schiff also pointed out that recent lows in Japanese Government Bond (JGBs) yields, which are trading at lows not seen since May, were a testament to the success of the Bank of Japan's aggressive stimulus program, but warned that support was needed on the fiscal side. The yield on a 10-year JGB was trading at 0.648 percent on Tuesday.
— By CNBC's Katie Holliday: Follow her on Twitter