$106M Picasso:Sold!!
Airtime: Wed. May 5 2010
Art market history in the making this week, with Eileen Kinsella, Artnews editor.
Airtime: Wed. May 5 2010
Art market history in the making this week, with Eileen Kinsella, Artnews editor.
There are over 210 million people unemployed across the globe which is an increase of 30 million since 2007, Juan Somavia, director general of the ILO, told CNBC.
Which is the bigger threat? Vince Reinhart, former director at the FOMC; Jim Lacamp, of Macroportfolio Advisors; Jim Iuorio, of TJM Institutional Services; Lee Munson, of Portfolio Asset Mgmt.; and the CNBC news team discuss.
China’s domestic market has become very strong, notes Allan Zeman, chairman of Lan Kwai Fong Holdings, prompting him to set up a similar entertainment strip in Chengdu, as well as a mall in Guangzhou. He sheds light on the changing face of the Chinese consumer, with CNBC’s Bernard Lo & Karen Tso.
President Obama makes comments on financial regulation progress in the Senate.
Japan has revised downwards its Q4 GDP growth to 0.9%. Frederic Neumann, senior Asian economist at HSBC, tells CNBC’s Martin Soong & Karen Tso that this revision adds pressure on the BOJ to extend its easy monetary policy.
Portuguese Central Bank Governor Vitor Constancio was formally approved by EU finance ministers as the next vice president of the ECB Tuesday. Constancio could be considered “dovish,” Nick Matthews from RBS told CNBC.