Despite a slew of headlines last year about airline customers having miserable, sometimes horrific experiences, a new report says the quality of airline service hit a record high in 2017. “I would have to say overall the airline experience is getting better for most people, although there are still people […]
CNBC News
China may be leading in payments, but it is set for further growth in fintech, says an entrepreneur
The growth in China’s financial technology industry may look like it’s peaking given the wide usage of internet payments, but the sector has yet to reach its full potential, one fintech firm told CNBC on Monday. The world’s second-largest economy already has one of the highest fintech adoption rates, according […]
Japan’s finance ministry had proposed a cover story for land sale scandal: Official
Japan’s Finance Ministry proposed crafting a cover story with a school operator at the heart of a political scandal to justify a discount in the price of public land sold to the school, a ministry official said on Monday. The admission is likely to increase pressure on Prime Minister Shinzo […]
Tell us what you think: How will the US-China trade conflict play out?
Trade fears looked set to continue simmering after a week dominated by developments in a trade spat involving the world’s two largest economies. U.S. stocks fell sharply on Friday after President Donald Trump’s threat — he had asked U.S. trade officials to consider another $100 billion in tariffs on Chinese […]
The ‘trade war’ talk is a sideshow: America’s high strategy stakes are elsewhere
Wall Street has used the “trade war” panic to reprice assets in an accelerating economy facing Federal Reserve announcements of “gradual” interest rate increases and the U.S. Treasury’s soaring deficit financing needs. A huge buildup of cash positions over the last few months had to be used to acquire the […]
Trump’s national security spokesman Michael Anton is resigning
The spokesman for President Donald Trump’s National Security Council plans to leave the administration, the White House said on Sunday, a day before Trump’s third national security adviser formally takes up his post. Michael Anton, who also worked for former President George W. Bush’s National Security Council and is a […]
Asia narrowly mixed as markets shrug off sharper US declines amid trade tensions
Stocks in Asia were mostly flat in early Monday trade, shrugging off steeper declines on Wall Street in the last session after a week largely dominated by U.S.-China trade developments. The Nikkei 225 was mostly directionless, with the benchmark last lower by 0.03 percent. The broader Topix slipped 0.07 percent […]
China bans exports to North Korea with potential dual use in weapons of mass destruction
China has banned exports of items to North Korea with potential dual use in weapons of massdestruction, the Chinese Ministry of Commerce said in a statement on its website posted late Sunday. The list of items reflects a U.N. Security Council resolution adopted unanimously in September over North Korea’s ballistic […]
Asian stocks poised to slip amid US-China trade tensions
Stocks in Asia looked set for a lower open on Monday after a week largely dominated by U.S.-China trade developments. The Dow Jones industrial average closed in correction territory on Friday. The 30-stock index fell 2.34 percent, or 572.46 points, to close at 23,932.76 on Friday. The S&P 500 lost […]
Deutsche Bank makes it official, taps Christian Sewing as new CEO to replace John Cryan
Deutsche Bank tapped Christian Sewing to be its new chief executive, the bank announced on Sunday, confirming widespread speculation that John Cryan would be replaced. Earlier in the day, a source told CNBC that Sewing was favored by the board to take the helm of the troubled German lender. The […]