Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Tesla solar panels ignited at an Amazon warehouse in Redlands, California in June 2018, Bloomberg reports. The news comes days after Walmart sued Tesla for at least 7 fires...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Islamic bond issuance is set to continue its long-term growth trend, fueled by increasing investor appetite for Islamic banking assets, according to a report by ratings agency Moody's.
Despite an expected slowdown in Sukuk issuance in 2013 to $51 billion from $81 billion in 2012 due to fears over the U.S. Federal Reserve tapering its asset purchases, Moody's expects issuance to hit $61 billion in 2014.
Sukuk is a form of debt that complies with Islamic Shariah law, which forbids interest-bearing bonds. Instead, a Sukuk pays investors a share in the returns generated by an underlying asset, such as property.
"The strong growth and high likelihood of continued Sukuk issuances reflects the growing investor comfort with these instruments as well as the increasing funding needs of sovereigns, corporates and banks particularly in Islamic countries across the Gulf and Asia," Khalid Howladar, a Moody's senior credit officer and co-author of the study said in a press release.
(Read more: Dubai, Abu Dhabi exchanges could merge by year-end)
Sukuk issuance remains concentrated in Muslim populated countries. Malaysia is the biggest market accounting for about $168 billion, or two-thirds, of all Sukuk issued and it is mostly denominated in the ringgit.
But new countries are entering the Sukuk market in a bid to tap wealthy Islamic countries like the UAE and Saudi Arabia.
Islamic finance is growing 50 percent faster than traditional banking, according to Britain's Treasury, with global Islamic investments set to grow to £1.3 trillion by 2014, making the sector an attractive market to tap for debt capital.
"There is more cash in the Islamic finance market and it is cash that is looking to be invested, so it is a positive story going forward," Farmida Bi, head of Islamic finance in Europe at Norton Rose Fulbright, told CNBC in a phone interview.
Bi added that it "makes sense" to issue a Sukuk in order to access capital from wealthy Muslim countries such as the UAE and Saudi Arabia.
The U.K.'s lead could open up other non-Muslim countries to the idea of issuing a Sukuk, according to Salman Ahmed, head of Islamic finance for the Middle East and Africa at Trowers and Hamlins.
"If the U.K. can issue a Sukuk it is a good indication in the market that this does not have to be issued by an Islamic country and it will open countries up to the idea that Islamic finance is much broader than just Muslim countries," he told CNBC in a phone interview.
But Moody's warns that the future Sukuk market is likely to be fragmented due to increased competition for a share of the global Islamic financial services business from financial centers such as London and Hong Kong.
—By CNBC's Arjun Kharpal: Follow him on Twitter