President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
"The only way to get more financial inclusion in this region and every region is to have greater participation in the capital market through equities in their retirement plans," BlackRock Chief Executive Larry Fink told CNBC's Hadley Gamble during a panel session in Riyadh, Saudi Arabia on Wednesday.
"The region should not make the mistakes that so many other regions (have made), like in Europe, where there is such shallow participation by locals in investing in their own capital markets," he added.
His comments come at a time when some of the world's leading financiers are returning to Saudi Arabia after the oil-rich kingdom held some of the year's largest merger and bond deals.
International investors flocked to lend money to Saudi Arabia's hugely profitable state-owned oil company earlier this month.
Demand for Saudi Aramco's bonds surged above $100 billion, according to a source familiar with the situation, more than 10 times the $10 billion that had been expected.
Nonetheless, BlackRock's Fink said it would be "essential" for Middle East governments to drum up support from domestic investors too.
"I think that's going to be one of the critical characteristics to build and BlackRock will play a big role in both working with the domestic savers and building their retirement, plus bringing in international investing to invest side by side," Fink said.
Aramco's bond issue comes around six months after the murder of Jamal Khashoggi in the Saudi consulate of Istanbul. Intelligence agencies in the U.S. have since concluded the Saudi crown prince ordered the killing of Khashoggi. Riyadh denies that Saudi Crown Prince Mohammed bin Salman was involved in the murder.
Khashoggi's killing sparked concerns that international investors would shun the kingdom, but bond buyers do not appear ready to overlook an investment opportunity in Saudi Arabia — the world's largest oil exporter.
"It is not only Saudi Arabia, the whole region is going through significant reform," Saudi Finance Minister Mohammed Al-Jadaan said during the same panel session at The Financial Sector Conference on Wednesday.
"We have governments who are very determined to reform and to put their money where their mouth is and invest significantly in infrastructure services and technology for the years to come — and that provides significant opportunities for the private sector," he added.