"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
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Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of...World Newsread more
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread more
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"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities.China Economyread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
European shares rallied on Friday after a more decisive-than-expected U.K. election outcome by the center-right Conservative party.
The pan-European Euro Stoxx 600 Index finished around 2.9 percent higher, with all major European bourses posting gains of over 2 percent.
The U.K. election results confounded pollsters but galvanized the financial market, as the incumbent Conservative Party secured an outright majority.
The U.K.'s FTSE 100 provisionally closed 2.3 percent higher, with U.K. banks sharply higher. Shares of Barclays finished around 4 percent higher,with shares of Lloyds close to 6 percent higher and RBS around 6 percent up.
UK housebuilders, impacted by fears of the "mansion tax" and less home ownership under a Labour government, also outperformed on Friday.
Sterling surged against the dollar on the news, trading as high as $1.5511, compared with around $1.5253 overnight, and hung onto most gains throughout the trading day.
U.S. stocks surged more than 1 percent on Friday as investors cheered the nonfarm payroll jobs report, which helped support European markets.
The U.S. economy created 223,000 jobs in April, bouncing back from a sluggish period the first three months of the year, as companies shook off the effects of a surging U.S. dollar and falling profits. The unemployment rate fell to 5.4 percent. The result marks a recovery from March's 126,000 jobs, the worst report since December 2013.
Economists expected nonfarm payrolls to rise 224,000 in April, with the unemployment rate dropping to 5.4 percent from 5.5 percent in March.
Analysts called the April employment figures a "Goldilocks" report because it was just right for gains in stocks. The Dow Jones Industrial Average quickly gained more than 250 points as all blue chips advanced.
Shares in Syngenta shot up to close nearly 20 percent higher, climbing to the top of the Euro Stoxx 600 Index.
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