China should seek stable development of its economy while not forgetting to fend off risks to its financial system, Chinese President Xi Jinping said. » Read More
By: Kelly Olsen
China's new bank loans surged to a record high in January — a sign that government stimulus may finally be kicking in, some analysts say. » Read More |
By: Yen Nee Lee
Singapore's second-largest bank OCBC expects its loans business to grow more moderately this year amid greater uncertainties in China and globally, according to the bank's chief executive Samuel Tsien. » Read More |
NASA is paying SpaceX $2.6 billion and Boeing $4.2 billion to build rocket and capsule launch systems to return astronauts to the International Space Station from US soil. » Read More |
Chinese authorities could be getting ready to implement more extensive stimulus measures in a bid to encourage growth in the country, three economists said this week.
Tourism growth in China slowed during the major Spring Festival holiday, indicating overall sentiment around the economy has yet to turn around.
The U.S. and China have started to outline commitments on the stickiest issues, apparently marking progress toward ending a trade war.
"[The economy's] slowing down, but ... we think it's way above the stall speed," top J.P. Morgan strategist Marko Kolanovic says.
A state-run newspaper claimed the U.S. faces pressure to resolve trade differences with China because failed negotiations would slam markets.
"We live in the space of digital commerce and digital commerce is exploding still around the world ... and we're riding that wave," PayPal CEO Dan Schulman says.
The two countries have attempted to raise prices by agreeing supply cuts while at the same time the U.S. has increased output.
Stocks rose on Tuesday after President Donald Trump hinted once again he may push back a key trade deadline.
The high level of bad loans in Greece is still the biggest issue that the embattled economy needs to focus on, the head of Piraeus Bank told CNBC Monday.
BOJ Governor Kuroda made the remarks in response to a question by an opposition lawmaker on whether the Japanese central bank had the necessary tools to boost stimulus to counter the pressure from a sharp yen rise.
Trump has promised European Commission President Juncker that he will not put additional import tariffs on European cars for now, Juncker said.
The world economy is headed for a period of "dull, low" growth, according to fund manager Janus Henderson, but the risk of an outright recession remains small.
An election-bound Trump wants the China trade problem out of the way to bask in the spotlight choreographed by Chinese puppeteers during the North Korean summit later this month, Michael Ivanovitch writes.
Asia is still projected to grow at 5.5 percent to 6 percent this year despite the overall softer global environment, said Piyush Gupta, CEO of Singapore's DBS Group Holdings.
European stocks were mixed Monday, as market participants continued to monitor trade talks between the world's two largest economies.
NATO Secretary General Jens Stoltenberg told CNBC that President Donald Trump's rhetoric on defense spending is having an "important" impact on the military alliance.
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