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.Asia Economyread 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
The Bank of England held interest rates steady on Thursday amid the possibility of a no-deal Brexit still hanging over the U.K.
The central bank also cut its growth forecast for Britain's economy to zero in the second quarter of 2019, highlighting global trade risks and growing fears of a damaging no-deal Brexit.
BOE officials had previously talked of the need for higher borrowing costs in the not-too-distant future, but Governor Mark Carney announced that the central bank's Monetary Policy Committee (MPC) had voted unanimously to hold rates at 0.75%.
The BOE stuck to its message that rates would need to rise in a limited and gradual fashion, assuming Britain can avoid leaving the European Union without a deal on October 31.
The decision indicated that the BOE is not planning to reverse direction in accordance with other major central banks, which have set a more dovish tone this week. At the May second-quarter Inflation Report meeting, Carney suggested that markets were underpricing the central bank's rate trajectory, insisting that the next move would be up.
On Tuesday, European Central Bank President Mario Draghi indicated that more stimulus may be added to the euro zone, while the U.S. Federal Reserve on Wednesday held rates stable, but opened the door to a future rate cut.
Britain's modest rate of underlying inflation is also helping the BoE to hold off on fresh interest rate hikes while it waits for the outcome of the Brexit impasse, although some officials in recent weeks have said increases may be needed sooner rather than later.
U.K. economic data published Wednesday showed the country's inflation rate cooling in May, with cost pressures in factories falling to a three-year low. Consumer prices rose to an annual rate of 2% in May, matching expectations.
BOE Chief Economist Andy Haldane said earlier this month that the time for a rate rise to mitigate inflation pressure was nearing, while MPC member Michael Saunders said Brexit uncertainty was not a reason to delay tighter policy indefinitely.
The ECB and Fed tilt this week had offered the pound some respite. The British currency rose for a second straight day on Wednesday, having previously fallen 5% since early May amid growing concern that Boris Johnson, the favorite to succeed Prime Minister Theresa May, would lead the U.K. out of the European Union with or without a deal on October 31.