Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Facebook will find itself dealing with plenty of regulatory questions about its new cryptocurrency, central bankers around the world said Thursday.
The social network detailed plans for its virtual currency, called Libra, earlier this week, a move that almost instantly provoked a reaction from politicians and regulators alike.
France's Finance Minister Bruno Le Maire warned against Facebook's crypto becoming a "sovereign currency," hours after Facebook's announcement, while a German politician called the company a "shadow bank."
Meanwhile, the U.S. Senate Banking Committee recently called on the tech giant to join a hearing on its ambitions to create a virtual currency.
Now, several central bankers are also weighing in on the debate.
"I think there's a lot of water to flow under the bridge before Facebook's proposal becomes something that we're using all the time," Reserve Bank of Australia Governor Philip Lowe said at a press conference Thursday.
"There are a lot of regulatory issues that need to be addressed, and they've got to make sure there's a solid business case."
Facebook's token will take the form of a stablecoin, a digital currency that's asset-backed — usually by currencies like the dollar — to avoid the volatility seen in most cryptocurrencies. In Facebook's case, the currency is backed by a basket of bank deposits and short-term government securities.
Experts have said that, while Facebook's crypto project is a good sign for the industry, potentially driving more adoption, regulation could be a key hurdle for the venture.
"It does seem clear that something like this could be very important from a regulatory point of view," said Bank of England Deputy Governor Sam Woods, quoted by Reuters news agency.
Mark Carney, the U.K. central bank's governor, had already said earlier this week that Facebook's crypto project should expect to face the "highest standards of regulations."
Indonesia's central bank reportedly also commented on the matter of Facebook's token Thursday, saying the company's plans should be reviewed.
Federal Reserve Chairman Jerome Powell, meanwhile, said Wednesday that he had spoken to Facebook about Libra. Powell said the Fed will have "high expectations" for the currency in terms of how safe it is and whether it complies with financial laws.
"I have no doubt that there will have been regulatory discussions or some kind of 'pre-approval' going on behind the scenes," Andy Bryant, co-head of cryptocurrency exchange bitFlyer's European business, told CNBC by email.
"Of course, there will be plenty of areas where we can expect that regulators will ask for further clarity - which has evidently started happening already — however Facebook's team will no doubt be fully prepared for this."
The world's best-known cryptocurrency, bitcoin, was created with the aim of taking financial institutions out of the picture. It's faced plenty of regulatory questions, particularly due to its use in illegal transactions and speculative trading.
Jeff Sloan, the CEO of U.S. payments firm Global Payments, said regulatory oversight for Libra would be a welcome sign.
"At the end of the day, it's important for consumers to have confidence in the systems in which we operate," he told CNBC's "Squawk Box Europe."
"We're already highly regulated, so we welcome more prudent regulation, and we welcome a level playing field where our competitors are in the same way."
Given that Facebook is working with established players like Visa and Mastercard, it has the benefit of having partners that are experienced in dealing with existing regulations, Sloan said.
In response to concerns about regulation, Facebook previously said it looks forward to addressing policymakers' questions on the cryptocurrency plans.