China’s continent-spanning network of infrastructure investments — known as the Belt and Road Initiative — keeps expanding. So do the legal risks. Multi-jurisdictional dealings between Chinese entities and their emerging market counterparts can pose immense regulatory challenges, especially in the realms of financing and execution. To address trade and investment […]
CNBC News
China plans to create new international courts, and that has a lot of people worried
China’s continent-spanning network of infrastructure investments — known as the Belt and Road Initiative — keeps expanding. So do the legal risks. Multi-jurisdictional dealings between Chinese entities and their emerging market counterparts can pose immense regulatory challenges, especially in the realms of financing and execution. To address trade and investment […]
Fidel Castro’s son commits suicide, Cuban media says
The son of late Cuban revolutionary leader Fidel Castro, Fidel Castro Diaz-Balart, committed suicide on Thursday after being treated for months for depression, Cuban state-run media reported. “Diaz-Balart, who had been attended by a group of doctors for several months due to a state of profound depression, committed suicide this […]
Meet the man trying to book your next cheap hotel room in Southeast Asia
Just over a year ago, Justin Giovanni’s hotel in Surabaya, Indonesia was running at 30 percent occupancy and his staff struggled with employing technology. Nowadays, occupancy is at 70 percent and WhatsApp is indispensable in dealing with customer requests. Giovanni is one of over 500 hotel owners who have joined […]
Facebook’s rising ad prices are more than making up for slowing growth
Facebook is showing that it’s plenty capable of finding revenue expansion even if users drop off and ad growth slows. In 2017, the number of ads Facebook delivered rose 15 percent from a year earlier, slowing from 50 percent growth in 2016, according to its annual report that was filed […]
Amazon, Apple are good news for a stock market stressing over interest rates
Stocks had a jumpy start to February and could be at an inflection point, depending in part on the direction of interest rates. Both Apple and Amazon were higher after the bell Thursday, and that post-earnings strength could spill into Friday’s trading. Friday could also be affected by the jobs […]
Google’s Diane Greene: People ‘grossly underestimating’ the size of its cloud
Google Cloud CEO Diane Greene told CNBC that Alphabet disclosed the financial contributions of two key cloud businesses to counter “misinformation” about how much money they were actually bringing in. During Alphabet’s Thursday call with analysts to discuss results from the fourth quarter, Google CEO Sundar Pichai announced that the […]
Amazon CFO: advertising was a ‘key contributor’ to revenue growth in Q4
Amazon had a blowout fourth quarter earnings report on Thursday, and part of it has to with its advertising business, according to CFO Brian Olsavsky. In a call with analysts on Thursday, Olsavsky said advertising was a “key contributor” to Amazon’s North American sales growth, and pointed out how ads […]
Consumers’ shopping sprees are giving new life to the Boeing 747
Passengers are having a tougher time finding a seat on theBoeing 747 these days, but that doesn’t mean their stuff won’t be hitching a ride on the original jumbo jet. UPS on Thursday announced it was doubling its order for Boeing 747 freighters, giving a burst of life to the […]
Retail investors piling an ‘enormous amount’ of money into the market: TD Ameritrade CEO
More and more retail investors are piling into the market, especially millennials, TD Ameritrade CEO Tim Hockey told CNBC on Thursday. In January, the e-trader saw an average of 975,000 trades per day. “There is an enormous amount of new retail money coming into the market,” he said in an […]