Tag Archives: hot

LeEco CEO Jia Yueting says Apple is outdated

Apple is “outdated” and losing momentum in China, billionaire entrepreneur Jia Yueting told CNBC in his first international television interview. Jia is chief executive and chairman of Chinese conglomerate LeEco (formerly LeTV), which is best known for being the “Netflix

BoE’s Haldane says world economy could slow but unlikely to contract

While the world economy could slow as Chinese output moderates, it is unlikely to contract, Bank of England chief economist Andy Haldane told a local newspaper on Tuesday. China has been at the centre of concerns about a slowdown in emerging

IMF’s Lagarde says markets need clarity on China currency

Financial markets need more clarity on how Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Sharp swings in the yuan have contributed, along with

GLOBAL MARKETS-Unease over Fed rate path dents European stocks

LONDON, Jan 28 Anxiety over the future path of U.S. interest rates pushed European stocks lower on Thursday, while the resignation of Japan’s economy minister filtered through currency markets. U.S stock index futures were largely unchanged on Thursday, but the

Deutsche Bank Reports First Full-Year Loss Since Crisis

FRANKFURT— Deutsche Bank AG’s investment bank, typically its biggest profit engine, lost momentum and market share in key businesses in the fourth quarter, the bank said Thursday, capping a painful year at the start of a multiyear turnaround effort. Executives at Germany’s