The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
China's central bank said it has not changed its "prudent" monetary policy stance despite a disappointing release of April data showing banks had cut back sharply on new loans.
Banks made 555.6 billion yuan ($85.21 billion) in net new yuan loans in April, much lower than expected and less than half the 1.37 trillion yuan seen in March, data showed on Friday.
The People's Bank of China (PBOC), in a question and answer posted on its website on Saturday, attributed the slide to seasonal and technical factors, including the fact that the figures don't include new local government bond issuance to refinance debt previously issued by local government financing vehicles.
"If this is factored in, new loans in April were more than 900 billion yuan," the PBOC said, in answer to a question as to whether the figures indicated a decline in the real economy.
That number would match analysts previous forecasts for April.
However, the bank also pointed to a decline in corporate bond financing, which came in over 500 billion less than March - while still up slightly from the same period last year, and noted that banks remain cautious given increased focus on asset quality control.
"On the whole, current financial support to the real economy is still strong," it said.
"Prudent monetary policy has not changed."
Follow CNBC International on and Facebook.