Stripe, which four years ago said it would become the first major online payments platform to accept bitcoin for payments, is ditching the idea. The company said Tuesday that the cryptocurrency had almost become a victim of its own popularity — the time needed to complete a transaction has increased, […]
CNBC News
A weaker dollar is good for the US, Treasury Secretary Mnuchin says
Treasury Secretary Steven Mnuchin said the U.S. is open for business and welcomed a weaker dollar, saying that it would benefit the country. Speaking at a press conference at the World Economic Forum in Davos Wednesday, he made a bid for investment into the U.S., saying the government was committed […]
Saudi Aramco will list in Hong Kong eventually, says the city’s stock exchange chief
The potential to reach the vast Chinese investing public will eventually bring Saudi Aramco to list in Hong Kong, even if the oil giant skips over the special administrative region for its first public offering, said Charles Li, chief executive of Hong Kong Exchanges and Clearing. “A deal in Hong […]
US tax changes could add growth but mean nothing without structural reform, OECD’s Gurria says
An overhaul of the U.S. tax system could help promote growth but structural reforms need to be made, the secretary general of the Organisation for Economic Co-operation and Development (OECD) told CNBC at the World Economic Forum in Davos, Switzerland. “On the face of it you’re talking about lowering corporate […]
Major Asian indexes close mostly higher; dollar index falls below 90
Asian markets closed mostly higher on Wednesday as the dollar continued its decline against a basket of other currencies. Most indexes in the region had recorded significant gains in the last session. The Nikkei 225 slid 0.76 percent, or 183.37 points, to close at 23,940.78 one day after the index […]
Chinese e-commerce giant JD is considering a dual listing for its logistics business
China’s second-largest e-commerce firm, JD.com, could take its logistics business public and it may consider a dual listing, the company’s chief said this week. Speaking to CNBC in Davos, Switzerland at the annual World Economic Forum meeting, JD Founder and CEO Richard Liu said considerations were being made for the […]
Europe’s in its best shape for a decade — and its huge stimulus program is looking a little dated
The European Central Bank (ECB) is slowly moving toward an exit to its massive bond-buying program as the economy is doing far better than expected, and more and more members of its Governing Council seem convinced that extra stimulus should be withdrawn sooner rather than later. The ECB is unlikely […]
Modi’s Davos address may have taken a subtle dig at China
Indian Prime Minister Narendra Modi highlighted his country’s democratic strengths in what some analysts interpreted as a dig at China during an address to global government and business leaders. Modi — the first Indian prime minister to attend the annual World Economic Forum meeting in Davos, Switzerland since 1997 — […]
Officials urge calm after chicken sample from Hong Kong vendor tests positive for bird flu virus
A chilled chicken sample from mainland China found to contain a bird flu virus was confirmed on Tuesday to have been sold by a Hong Kong vendor, but officials stressed the contamination was unlikely to sicken consumers. A spokesman for the Food and Environmental Hygiene Department announced that the H5 […]
‘Real’ Rosie the Riveter dies at 96
It’s an iconic image of solidarity during WWII that has become an enduring symbol of female empowerment. Now, The New York Times reports the woman who inspired the “Rosie the Riveter” poster, a California waitress named Naomi Parker Fraley, has died. Fraley passed away on Saturday at 96 in Longview, […]