Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Singapore Summitread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Italian government bonds are increasingly seen as riskier investments given the anti-establishment Cabinet and its public spending plans — so much so, that Italian bonds are moving closer to being seen to be as risky as Greece's.
The yield on the 10-year Italian government bond is currently at 3.58 percent — the highest level in over five years.
The yield (or interest rate) on a bond — which is basically a piece of paper that, in this case, a government sells to raise money — indicates the perception that investors have about that investment.
For instance, if the yield on a bond is moving higher, it suggests that investors are associating more risk with that bond and, consequently are demanding a higher rate of interest in return for their investment.
Comparing the Italian 10-year bond to other government bonds in Europe, only Greece has a higher yield. Greece's yield on the 10-year bond is at 4.64 percent; whereas the equivalent yields in Portugal and Spain are at 1.95 and 1.59 percent, respectively.
The difference between these four yields suggest that Greece and Italy are seen to be riskier than Portugal and Spain.
Italian officials have denied that their spending plans put Rome in a similar situation to the one that Greece experienced back in 2010 and which led to three bailout programs.
Italy has become a top concern for investors over the past few weeks, after the new coalition government unveiled plans to increase public spending in the coming years. Italy has 2.3 trillion euros ($2.6 trillion) worth of debt and market players are worried that the higher spending will prevent Rome from reducing its huge debt pile.
The higher spending plans have also opened another line of confrontation between Rome and Brussels. On Monday, Italy's Deputy Prime Minister Matteo Salvini called the European Commission President and the Economic Affairs Commissioner "enemies" of Europe.
Brussels has raised concerns about the new spending plans in Italy. In a letter to Rome, last Friday, the European Commission said Italy's spending plans suggest a "significant deviation" from what Italy had agreed to last July.
The new spending targets point to a structural deterioration of 0.8 percent of gross domestic product (GDP) in 2019. In contrast, Italy had agreed to improve its structural deficit by 0.6 percent of GDP next year.