The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
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
The European Central Bank (ECB) has changed the way it publishes comments, just days after a speech by a key bank member gave away market-moving information to a select group of market participants.
Grumbles from the international investment community have been brewing this week after Benoit Coeure, a member of the ECB's Executive Board, said in a talk late Monday that the central bank would "front-load" its asset purchasing program during the summer months to counteract weak liquidity.
However, a transcript of the market-moving comments was not published by the ECB until around 7 a.m. London time the following morning – when it caused the euro to plunge by around 1 percent against the dollar.
An ECB spokesperson told CNBC via email that it had intended to publish the speech when it was delivered, but did not because of an "internal procedural error."
Its failure to do so potentially gave those in the room a head start on the euro's plunge, despite the ECB regularly detailing that it could perform such a move in the fine details of its quantitative easing (QE) program.
"It's naughty and cheeky to give this sort of information," Claus Vistesen, the chief euro zone economist at Pantheon Macroeconomics, told CNBC via telephone Thursday.
On Wednesday - just two days after the controversial speech - the ECB announced that it would stop sending embargoed copies of speeches to journalists. The central bank did stress, however, that this issue had been under consideration for several months.
Economist Vistesen said it was highly probable that Coeure's comments were innocent and that he didn't realize the impact they would have. But he speculated that investors in the room would likely have profited from the news.
"They would have been on the button," Vistesen said. "They would have made a little money." (Tweet This)
The organizers of the event told CNBC via email that Monday's audience included academics, policymakers and practitioners and the program, with a list of speakers, was uploaded online.
However Ashok Shah, an investment director at London & Capital, told CNBC Thursday it would be hard to determine which – if any — had profited from the comments.
Valdis Dombrovskis, the vice-president for the euro and social dialogue at the European Commission, wouldn't been drawn on the issue when asked about a possible investigation Thursday, telling CNBC that it was a matter for the ECB as an independent body.
It's not the first time that questionable links between central banks and market participants have surfaced. A report by U.S. Federal Reserve staff in 2012, for instance, concluded that a leak of information from a closed Fed policy meeting was due to "unintentional or careless" contact between officials and the press and a brokerage firm.