China will steadily reform and further open its financial sector while putting “equal emphasis” on preventing risks through regulation and supervision, the new central bank governor said on Sunday. In his first public speech since becoming central bank chief last week, Yi Gang told the China Development Forum in Beijing […]
CNBC News
Asia markets set to trade lower as concerns over a US-China trade war rise
Asian markets were set to trade lower on Monday, following a global sell-off late last week amid fears that rising tensions between the United States and China could lead to a full-blown trade war. In Australia, the benchmark ASX 200 opened lower, trading down 0.75 percent at 5,777.1 in early […]
Stormy Daniels tells ’60 Minutes’ she feared for her safety when she signed Trump hush agreement
Adult film actress Stormy Daniels feared for her safety in October 2016 when she signed a strict non-disclosure agreement with President Donald Trump‘s lawyer, Daniels told CBS’s “60 Minutes” in an interview that was set to air Sunday. Daniels, whose legal name is Stephanie Clifford, said her fear stemmed from […]
Uber is said to have agreed to sell Southeast Asia business to rival Grab
Ride-hailing firm Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, sources with knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia. The deal, which could be announced as early as Monday, marks the industry’s […]
Wells Fargo thinks its time to buy into the sell-off, even with fears over trade wars and rate hikes
Last week, tech stocks sold off, the Federal Reserve hiked rates, and President Donald Trump inflamed tensions with the world’s second largest economy. To one market analyst, all of the above means it’s not a time for investors to worry; it’s time to buy. “We’re trying to get our clients […]
Astronauts explain which lessons on Earth can help chart the way to Mars
With so much happening on Planet Earth in peril, are humans truly prepared to reach Mars? “One Strange Rock,” a new National Geographic television series that debuts on Monday, sets out to show viewers what makes the Earth unique among other planets in the solar system, and the conditions it […]
San Francisco Fed’s John Williams is the front runner to take over the New York Fed, sources say
In a decision fraught with controversy over race and gender, and influenced by uncertainty in the Trump White House, San Francisco Fed President John Williams is said to be the front runner to head the New York Federal Reserve Bank, according to people familiar with the matter. The job, for […]
Twitter CEO Jack Dorsey says bitcoin will eventually be the single global currency: Report
Jack Dorsey, the CEO of Twitter and Square, expects bitcoin to become the single global currency within the next decade, he told the Sunday Times newspaper. Dorsey, a personal investor in bitcoin, expects the cryptocurrency to be used for simple things like coffee and said its ascendance to world’s currency […]
Twitter CEO Jack Dorsey says bitcoin will eventually be the single global currency
Jack Dorsey, the CEO of Twitter and Square, expects bitcoin to become the single global currency within the next decade, he told the Sunday Times newspaper. Dorsey, a personal investor in bitcoin, expects the cryptocurrency to be used for simple things like coffee and said its ascendance to world’s currency […]
Facebook takes out ads in US, UK to apologize for policy flap, but polls show sinking support
Opinion polls published on Sunday in the United States and Germany indicated that a majority of the public were losing trust in Facebook over privacy, as the firm ran advertisements in British and U.S. newspapers apologizing to users. Fewer than half of Americans trust Facebook to obey U.S. privacy laws, […]