President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
European equities soared by the close on Tuesday as markets got a confidence boost from fresh European data, while investors digested more corporate earnings.
The pan-European Stoxx 600 index finished sharply higher, up 2.5 percent provisionally, with all sectors closing in positive territory.
The autos sector finished trade 2.3 percent higher after European October auto sales rose 2.7 percent in October on a year ago, according to industry data, the 26th straight month of growth. Porsche, Renault and BMW all finished trade sharply higher, above 2 percent.
Shares of the embattled carmaker closed up 1.2 percent higher, despite news that Volkswagen had manipulated the carbon dioxide (CO2) emission levels of more petrol-powered vehicles than previously disclosed, a spokesman for the carmaker said on Monday, Reuters reported.
Biotech firm, Genmab saw shares soar 11.2 percent by the close, after U.S. regulators approved an experimental blood cancer drug that the Danish biotech company had licensed in 2012 to Johnson & Johnson.
Engineering company, Smiths Group led the FTSE index higher, finishing up 10.2 percent, after posting a strong set of results for its first-quarter and reaffirmed that its expectations for the full-year remained unchanged.
French President Francois Hollande on Monday called for a united response against the so-called Islamic State, which claimed responsibility for Friday's attacks, and promised to boost security spending in France. The U.K.'s Prime Minister David Cameron also pledged to increase spending on the U.K. security services.
European stocks connected to the defence and military sectors rose, as France launched fresh strikes on targets in Syria. Airbus surged 4.3 percent, BAE Systems jumped about 2 percent, and Meggitt ended up 2.4 percent.
Markets in Asia and Europe got a confidence boost from Wall Street as investors shook off the impact of Islamist terrorist attacks in Paris Friday in which 129 people died. U.S. stocks continued posting positive gains around Tuesday's close, as investors cheered decent earnings reports.
Despite jumping on geopolitical concerns Monday, oil prices, however, came under pressure Tuesday, as investor sentiment returned to concerns over global oversupply in crude. At the close Brent crude was at $44.14 a barrel, while U.S. crude slipped further, trading at $41.31 a barrel.
Despite this, oil and gas sector was the top performing sector on Tuesday, closing up over 3 percent, with most of the sector posting strong gains. Repsol closed up over 5 percent, while Royal Dutch Shell and Subsea 7 finished trade above 3 percent.
Greece reached an agreement with its lenders on financial reforms early on Tuesday, its finance minister said according to Reuters, removing a major obstacle holding up fresh bailout loans for the cash-starved country. Athens stock exchange jumped on the back of this, finishing up over 2 percent.
U.K. deflation persisted in October, after data from the Office of National Statistics revealed the price of goods and services bought by U.K. households had fallen 0.1 percent, since October 2014. As this was in line with analysts' forecasts, the FTSE 100 and retail stocks finished trade higher.