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
Speculative cryptocurrency investors are negatively impacting on experimentation with the nascent technology, an executive at Singapore's central bank said Monday.
Sopnendu Mohanty, chief fintech officer of the Monetary Authority of Singapore (MAS), told CNBC that he did not want speculative investing in the digital currency space to "destroy the experimental value of cryptocurrency."
MAS is currently working on its own blockchain, or distributed ledger technology, project called "Project Ubin," and expects to complete a trial with a digital version of the Singapore dollar this year. Blockchain, the technology that underpins virtual currencies, maintains a continually growing record of transactions across a decentralized network.
Voicing his concerns about speculators in the market, Mohanty said: "That's a key part because we are going to continue to experiment on this fabulous technology and find the use case, hopefully, in the long run.
"But the speculators and the people who are making money out of this speculation of the cryptocurrency (market) are perhaps negatively impacting the whole experimentation of cryptocurrency."
A number of established banking giants, including Bank of America Merrill Lynch, Citi and Credit Suisse, are involved in MAS' blockchain project.
Concerns over speculative trading, extreme volatility and illicit activities in the cryptocurrency space have led regulators to step up pressure on the market.
Last month, South Korea introduced measures to tackle speculation in the sector, banning the use of anonymous bank accounts in cryptocurrency trading. This followed fears of a more far-reaching clampdown due to comments from government officials that suggested the country would move to ban cryptocurrency trading via exchanges.