CNBC News

China’s Ant Financial Services is planning to raise up to $5 billion in fresh equity that could value the online payments giant at more than $100 billion, people familiar with the move told Reuters. A fundraising would bring Ant, in which e-commerce firm Alibaba Group is taking a one-third stake, […]

U.S. government funding lapsed Friday as Congress’ efforts to pass a spending bill fizzled out in the Senate for the second time in less than a month. Despite bipartisan support for a massive budget agreement, Congress failed to approve a funding plan before the midnight Thursday deadline. It is just […]

Asian shares took a tumble on Friday, taking cues from U.S. indexes which extended sharp losses in the last session. Japan’s Nikkei 225 fell 2.51 percent, with losses seen in most sectors. Automakers, financials, manufacturers and technology stocks traded firmly in negative territory. Among blue chips, Toyota sank 1.04 percent, […]

Alexander Hassenstein | Bongarts | Getty Images Akwasi Frimpong of Ghana competes at the International Bobsleigh and Skeleton Federation World Championships on February 24, 2017, in Koenigssee, Germany. Frimpong was born and raised in Ghana, but moved to the Netherlands aged eight, initially as an illegal immigrant. Exceling at sprinting, […]

North Korea’s participation in the Winter Olympic Games has been lauded as a step in the right direction, with South Korea rolling out the red carpet for its estranged neighbor. But this optimism has not extended beyond the Korean peninsula, with experts believing that it will be back to “business […]

China’s central bank said on Friday that it has released temporary liquidity worth almost 2 trillion yuan ($316.28 billion) to satisfy cash demand before the long Lunar New Year holidays. The People’s Bank of China had announced in December that it would allow some commercial banks to temporarily keep less […]

The recent period of mild volatility is what’s making the current market sell-off appear so shocking, according to two experts. On Thursday, U.S. stocks fell sharply as strong earnings and economic data were not enough to quell jitters on Wall Street. The Dow Jones industrial average fell more than 1,000 […]

When Pyeongchang first pitched itself to host the Olympic games 15 years ago, few people within South Korea could even locate it on a map. The city nestled in the Taebaek Mountains had fewer than 5,000 residents, only one major highway, and no train line. The remote villages that made […]

Canadian Prime Minister Justin Trudeau is in San Francisco this week promoting the Canadian tech scene, and he’s getting face time with some of the biggest players in the industry. Trudeau landed meetings with Salesforce CEO Marc Benioff, Amazon’s Jeff Bezos and eBay’s Devin Wenig, as well as Robert Bradway, […]

The e-mail arrived in clients’ inboxes shortly after the market opened on Tuesday: “LJM strategies have suffered significant losses.” LJM Partners, a Chicago-based hedge fund with about half a billion dollars in assets, pinpointed the damage on spiking volatility, a trade that has claimed more than one scalp in the […]