Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the...Technologyread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Joseph Gaspar, the chief financial officer at Elbit Systems, said M&A among firms in the sector began to pick up pace in the 1980s and looks set to continue.Paris Air Showread more
Stocks in Asia rose on Wednesday following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Has your CEO won over enough workers in Germany to make the cut? Glassdoor reveals.Power Playersread more
Asian stocks mostly advanced on Thursday, with Tokyo and Seoul bourses ending at multi-year highs, despite a private survey showing China's manufacturing activity at a one-year low.
HSBC's preliminary reading of China's factory activity for April came in at 49.2, compared with a Reuters forecast for a 49.6 print. Last month, government data showed the official purchasing managers' index (PMI) edged up to 50.1, better than HSBC's final PMI, which came in at 49.6 indicating the country's vast manufacturing sector in contraction. The 50-point level separates an expansion in activity from a contraction.
Overnight, U.S. stocks closed about half a percent higher, ending a day of choppy trade as investors weighed mixed earnings and signs of strength in the housing market.
Mainland indices choppy
The less-than-stellar manufacturing data sparked volatility in Chinese markets; the Shanghai Composite closed up 0.4 percent after transcending between gains and losses, while Hong Kong's Hang Seng index closed down 0.4 percent after rising as much as 280 points in the morning session.
Steelmakers and media-related stocks were among top gainers; Baotou Steel and Shanghai Oriental Pearl Group elevated 2.8 and 10 percent each.
Equity markets in the world's second-biggest economy has soared about 80 percent over the past six months, even as the country's economy slowed to a six-year low of 7 percent growth in the first quarter. According to a commentary published by state media People's Daily newspaper, China's bull market "has just begun" and the surge in share prices "has support from China's grand development strategy and economic reforms."
Nikkei gains 0.3%
Japan's Nikkei 225 continued its advance above the 20,000 mark on Thursday, finishing at a 15-year high for the second straight session.
"The Nikkei has rallied 33 percent in the past six months and [that] is down to the fact the Bank of Japan (BoJ) and the Abe government are working on the same page with mass fiscal and monetary policy stimulus, " Stan Shamu, IG market strategist, wrote in a note. "What looks like taking the Nikkei higher still is signs the BoJ is considering even more stimulus as it fails to reach its 2 percent inflation target within the allotted time frame of two years."
Kospi jumps 1.4%
South Korea's benchmark Kospi index climbed up steadily throughout the day to finish at a new three-and-a-half-year high, thanks to a slew of better-than-expected corporate results.
LG Display rallied nearly 3 percent after reporting its best quarterly profit in more than four years late Wednesday. SK Hynix closed up 1.2 percent following the announcement of a 50.2 percent rise in January-March operating profit from a year earlier, beating market expectations.
Meanwhile, South Korea's economy beat expectations to expand 0.8 percent on-quarter over the January-March period, a pick-up from the 0.3 percent in the preceding quarter, government data released before the market open showed. On an annual basis, the country grew 2.4 percent in the first quarter, matching a Reuters forecast but marking the slowest growth since the same quarter in 2013.
ASX adds 0.1%
Australia's S&P ASX 200 index managed to eke out marginal gains in the final hour of trade, helped by a bounce in miners which helped to offset the impact of fresh disappointing data from China - the country's largest trading partner.
Miners cheered the rally in iron ore prices overnight, providing some support for the resource-heavy bourse. Fortescue Metals, which launched an offering for $1.50 billion of senior secured notes early Thursday, surged 9.7 percent. Rio Tinto and BHP Billiton advanced 2 and 2.6 percent each, while BC Iron soared 53.9 percent.
Banking heavyweights extended losses, still hurt by Wednesday's first-quarter inflation data which did not add to the case of a May rate cut. National Australia Bank led losses with a 0.7 percent slump, while Westpac, Australia & New Zealand Banking and Commonwealth Bank of Australia made losses between 0.3 and 0.7 percent.
Indian markets down
Indian shares crept down into negative territory, reversing a higher open on Thursday, with the 50-share Nifty and BSE Sensex down 0.4 and 0.6 percent, respectively.
The country's second-biggest private lender HDFC Bank slipped 0.1 percent, throwing away a 0.7 percent gain earlier, after seeing its net profit rose 20.6 percent in the March quarter, slightly below expectations.
Nifty-listed Cairn India posted a fourth-quarter loss, compared to a profit in the preceding quarter. Shares of the oil and gas exploration and production company closed down 2.6 percent.