Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its...Investingread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
Stocks in Japan were the biggest losers among major markets in the region on Thursday, with the other Asian bourses following suit, amid a renewed threat to trade.Asia Marketsread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
The just-ended fiscal crisis undermined U.S. credibility abroad and slowed economic growth at home, President Barack Obama said Thursday.
Hours earlier, Obama signed a compromise deal passed by the House and Senate after weeks of bickering. It extended the debt ceiling until until Feb. 7 and reopened the government by approving funding only until Jan. 15, lifting what he described as the "twin threats to our economy" for now.
(Read more: Shutdown's ripple effect on spending)
"There are no winners here—these last few weeks have inflicted completely unnecessary damage on our economy," Obama said. "We don't know yet the full scope of the damage, but every analyst out there believes it slowed our growth."
(Read more: This is what the shutdown really cost you)
Obama said just the threat of default increased the country's borrowing costs, which adds to the deficit.
As a result of the uncertainty, many consumers have slashed their spending and half of CEOs said the shutdown set back their hiring plans over the next six months, he said. The American people are also fed up with Washington, he added.
(Read more: Main Street 'damage done' as government reopens)
"We know that families have gone without paychecks or services they depend on," he added. "We know that potential homebuyers have gotten fewer mortgages and small business loans have been put on hold."
While some members of Congress pushed for the shutdown saying they were doing it for the economy, Obama said "nothing has done more to undermine our economy these past three years than the kind of tactics that create these manufactured crises."
"At a moment when our economic recovery demands more jobs, more momentum, we've got yet another self-inflicted crisis that's set our economy back and for what? There was no economic rationale for all of this," he said.
—By CNBC's Katie Little. Follow her on Twitter