Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its...Investingread 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
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
Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.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
Stocks in Japan were the biggest losers among major markets in the region on Thursday, with the other Asian bourses following suit, amid a renewed threat to trade.Asia Marketsread 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
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
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
There is much that China can do to create more equality, and to let its people enjoy the fruits of the country's growth and technological development, said Takehiko Nakao, president of the Asian Development Bank.
China is already an innovative country and has made much progress in commerce, finance and industry, but it now faces a new kind of challenge, he said.
"To me, my challenge is how to make society more equal? How to make the older population enjoy better life from the fruits of this technological development, growth and also globalization?" he said.
Speaking to CNBC at the China Development Forum, Nakao suggested that China could insititute a progressive tax regime, with taxes to be imposed on capital gains and property.
"I think China can do many things to make society more equal. And I know that the government leaders know it," said Nakao, who was formerly Japan's vice finance minister for international affairs.
The ADB's work as an Asia Pacific regional development bank focuses on providing loans, grants, and equity investments to reduce poverty. Nakao has led the organization since 2013.