Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
South Korea has sufficient provisions in place to guard against U.S. Federal Reserve rate hikes, but the same cannot be said of a slowdown in neighboring China, admits finance minister Choi Kyung Hwan.
"We have many preps in place for the pending rate hike from the U.S.," Choi told CNBC on the sidelines of an International Monetary Fund meeting (IMF) in Lima, Peru. "We do not anticipate any abrupt shock to our economy."
South Korea's buffers include high currency reserves and a strong current account position, he said.
In the first half of the year, Asia's fourth largest economy posted a current account surplus of $52.4 billion, up 33 per cent on year and the highest for any six-month period, driven by a collapse in the value of energy imports. Current account measures the flow of goods, services and investments into and out of the country.
The country isn't totally immune to external headwinds, however.
"China represents a key opportunity for us at the same time it also represents a threat as well," Choi said.
"If China does slow down, because one fourth of Korean exports are destined for the Chinese market, it will be inevitable that our economy will be impacted," he said.
Ebbing demand out of China has taken a sharp toll on Korean exports in recent months. Exports slumped 8.3 percent in September from a year earlier, following a 14.9 percent decline in August.
"We are trying to change our export strategy. Up to now, we've mostly been exporting intermediate or capital goods to China. But as China centers more on domestic demand, we want to change our strategy to focus more on final goods," he said.