Facebook will also create a new subsidiary, Calibra, to build a digital wallet for people to store and exchange the currency using apps.Technologyread more
President Donald Trump went after European Central Bank President Mario Draghi on Tuesday for opening the door for more monetary stimulus in Europe, which would weaken the...Marketsread more
Experts expect Facebook's cryptocurrency venture to alleviate some security issues, while introducing new ones.Cybersecurityread more
European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
Trump's disruptive trade confrontations have sent shockwaves through the business world, while, insiders say, companies may wonder whether associating with the president could...Politicsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Wall Street has IPO fever, and Renaissance Capital principal Kathleen Smith says healthy demand for these upstarts should keep the market red-hot this year.ETF Edgeread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Goldman Sachs is most bullish on Japanese and European equities in 2014, according to the investment bank's latest asset allocation report, maintaining an overweight rating on both markets.
It set a 2014 target of 1450 for Japan's Topix index, and 360 for the Stoxx Europe 600 index - or 16 and 12 percent higher than current levels, respectively. The indexes have risen 45 and 15 percent so far this year.
(Read more: The verdict on Abenomics, one year on)
"We expect steady progress on the Abenomics' growth reforms during 2014, think the reflation story will support returns, and see the positioning as relatively light," Goldman strategists wrote in a report on Tuesday.
In Europe, Goldman expects corporate margins to pick up from cyclically low levels, and for that to support returns.
"There are still latent risks in Europe due to the large outstanding debt stocks, but the near-term risks from this have been declining and we do expect European growth to pick up," they added.
Meanwhile, the bank said while it is underweight Asia ex-Japan equities over the next three months, it is neutral on the region over a 12-month horizon.
"Markets will start to focus more on the good 2015 earnings outlook as we move through 2014. However, especially in the near term, growth momentum does look better elsewhere and we therefore stay underweight over 3 months," strategists said.
It sees the MSCI Asia Pacific ex-Japan index rising to 525 by end-2014 - marking 12 percent upside from current levels. The index is up just 1 percent since the start of 2013.
As for the U.S. market, Goldman says it is neutral on the country's equities over the next three months, but underweight over 12 months.
(Read more: Are the stars re-aligning for dollar-yen?)
"Longer term the return potential for the U.S. market is dampened by limited room for valuation and margin expansion given the strong recovery we have seen already," they said.
The bank's 2014 target for the S&P 500 stands at 1900 - over 5 percent higher than current levels. The S&P 500 has had a stellar run over the course of 2013, up more than 26 percent since the start of the year.
—By CNBC's Ansuya Harjani; Follow her on Twitter: