President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
European shares finished mixed on Wednesday, as investors digested a slew of earnings from European companies.
The pan-European Euro Stoxx 600 Index closed around the flatline, with most sectors in the red after a choppy session. In the U.S., stocks traded in a narrow range on Wednesday as investors weighed mixed reports from major corporations.
Outperformers included Volvo, with shares of the Swedish carmaker trading higher by almost 15 percent after posting a forecast-beating quarterly profit and naming a new CEO.
Meanwhile, Tesco shares slipped over 5 percent as investors digested the news that the U.K. supermarket chain posted a full-year pre-tax loss of £6.38 billion ($9.5 billion) on Wednesday.
Roche shares also traded 1.75 percent higher after it reported quarterly sales up 3 percent.
Shares of Heineken fell around 3 percent, despite reporting a sharp rise in net profit in the first quarter of 579 million euros, up from 143 million euros in the same period a year earlier.
Shares of Visa and MasterCard jumped by as much as 7 percent and 5 percent respectively, in high-volume trade, following that the country will open its market for clearing domestic bank card transactions.
In other news, European Union antitrust regulators charged Russian gas giant Gazprom on Wednesday with abusing its dominant position in Poland, Hungary and six other countries in Eastern Europe following more than two years of investigation.
Elsewhere, Greece remains in focus on Wednesday. Greek Finance Minister Yanis Varoufakis said on Tuesday that he was confident Greece would reach a deal with its international lenders, although this may not happen in the upcoming meeting of euro zone finance ministers on April 24, he told reporters in Athens, Reuters said Tuesday.
Markets will keep an eye on a meeting between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel on the sidelines of an EU summit in Brussels on Thursday.
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