Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Several people are feared dead in a fire at an animation studio in the Japanese city of Kyodo on Thursday.Asia Newsread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
Goldman Sachs Group Inc hired China-focused banker Bill Chu to its investment banking team in the country, betting on increased activity as companies in the world's second-largest economy gear up for a resumption of overseas deals.
Based in Beijing, Chu will be a managing director in the China Investment Banking Services (IBS) team, according to an internal memo seen by Reuters on Monday. He was previously with Deutsche Bank for 10 years, most recently as head of Asia Consumer and Retail and before that as head of China Power and Utility.
Goldman confirmed the contents of the memo but declined to comment further. The New York-based firm said it could be making further hires in China.
"Bill's appointment is part of our focus on strategic hires as we concentrate our resources on the anticipated growth in China corporate activity over the medium and long-term. We look forward to making additional announcements in due course," Goldman said in the memo.
Goldman was the top adviser of mergers and acquisitions in Asia ex-Japan in the first half of 2017, Thomson Reuters data showed.
Deal activity in the region dropped 15 percent in the period, as overseas deals by Chinese companies - the engine of M&A activity in Asia - sank 49 percent because of Beijing's crackdown on capital outflows and closer scrutiny of acquisitive conglomerates.
Follow CNBC International on and Facebook.