As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
"Back in 2015, you get a lot of data points. Now, we're moving into the second phase where companies are trying to capture data, analyse the data...and monetize it," a KPMG China partner, Lyndon Fung, told CNBC's "Street Signs" on Thursday.
He cited self-driving cars as an example of artificial intelligence technology that is poised to transform lives.
In the report released last week, KPMG found investment by VCs in China reached a record high in 2016, despite a global slowdown.
According to the data, investment by VCs in China increased 19 percent to $31 billion in 2016 from 2015, although deal volumes fell 42 percent to 300 from 513 in the same period. This is due to mega-deals recorded early in the year.
Global VC investment fell 9.4 percent to $127 billion in 2016 against a 24 percent slide in deal counts to 13,665.
VC investment in Asia remained unchanged at $39 billion in 2016 with deals down to 1,742 from 2,266 in 2015.
KPMG said it expected the global investment momentum to continue, particularly in the fields of AI, robotics and the internet-of-things, which caught investor attention in the second half of 2016.
The consultancy also expects outbound VC investment from China to continue at a "solid pace" as companies look to acquire technologies for use in the world's second largest economy. The U.S.is likely to continue to get most of the outbound investment, while Canada and Israel will also be of interest.
The drive for innovation in China is spurred by a central government mandate, which is prompting provincial governments to acquire companies and invest in start-ups, the report noted.