Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 26.1 riyals ($6.96) per share just after 10 a.m. in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
Russia considers itself a global superpower, but it is looking small compared to the power of the global capital markets, Evercore Partners' Roger Altman told CNBC on Wednesday.
What Russia's currency crisis has exposed is how profoundly weak the country has become, the investment bank's founder and executive chairman said on "Squawk Box." The commodity-centered economy now faces massive financial flight, a lack of meaningful foreign investment and highly leveraged corporations, Altman added.
"We live in an era where the global capital markets are the super power in the world, and when they move against you, as they've moved against Russia as we've all seen in the ruble, there's nothing that can stop that," Altman said. "The global capital markets have spoken, and Russia is on its knees."
The Russian Central Bank raised interest rates Monday night to put a floor beneath the plummeting ruble, but the currency continued to fall Tuesday. Russia's finance minister said Wednesday the country would sell its foreign currency stock.
A statement from U.S. Secretary of State John Kerry may indicate the United States wants to find a way to assist Russia as a way of moving toward stabilization of relations, Altman said.
But even if the United States reached out to help Russia stanch its currency crisis, it would be difficult for President Vladimir Putin to accept a helping hand, he said. That is because Putin has built much of his popularity on anti-Western rhetoric.
"Putin's popularity has soared in recent months because of his annexation of Crimea, his move into eastern Ukraine, all of his talk about restoring Russian greatness, relegitimizing Russia as a great power," he said. "All of that has made him very, very popular among the Russian people, which is why I don't think we'll see any pullback for the time being."
Altman said people who have spent time with Putin tell him the Russian president is neither knowledgeable about economic and financial matters nor interested in them.
Read MoreBeware:Putin, the wounded animal
One of the biggest indirect effects of Western sanctions on Russia has been the freezing of investment and financing into Russia, Altman said. Few European and American companies will be likely to allocate capital to endeavors in Russia, he added.