The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its...China Economyread more
Trump calls the US trade imbalance with Japan "unbelievably large."Politicsread more
Some House members want to lift the cap on state and local tax deductions, but it could be tough, in part because the move is expected to benefit high earners.Politicsread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
Economic activity in the U.S. is "quite strong" while China has managed to stabilize its economy, said Tan Min Lan, Asia-Pacific head of chief investment office at UBS Global...World Economyread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Plant-based protein makers Beyond Meat and Impossible Foods may be taking the food industry by storm, but there's no guarantee their products are healthier than the real...Fast Moneyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
Being a military service member or veteran comes with a unique set of challenges. The good news is that there are government financial programs available to veterans that can...Invest in You: Ready. Set. Grow.read more
European stocks closed lower on Thursday as markets digested the latest monetary policy decisions from the U.S. Federal Reserve and Bank of Japan (BOJ) and remained on edge over the upcoming referendum on Britain's membership of the European Union.
The pan-European STOXX 600 ended the day down 0.57 percent.
Global markets are reacting to the Federal Open Market Committee's decision to hold its interest rate target at 0.25-0.50 percent on Wednesday, after a two-day policy meeting
In its post-meeting statement, the Fed noted that the unemployment rate had declined (to 4.7 percent) but "job gains have diminished." Fed Chair Janet Yellen said in a press conference following the statement release that the Brexit vote, due on June 23, was also one of the factors in Wednesday's decision.
The bank was widely expected to stand pat on rates and there were signals Wednesday that the likelihood of two further rate hikes in 2016 was increasingly unlikely.
Meanwhile in Asia, the Bank of Japan (BOJ) also kept monetary policy steady on Thursday after a two-day meeting, as widely expected. The Japanese yen strengthened sharply against the dollar and the Nikkei tumbled 2.15 percent.
Also the Swiss National Bank left its deposit rate unchanged at -0.75 percent.
The Bank of England voted unanimously to maintain its key interest rate at 0.5 percent as it warned that a vote for Britain to leave the EU would pose risks to the global economy.
Banks led European stocks lower amid fresh concern over the capital requirements of some lenders. The Swiss National Bank said on Thursday that UBS and Credit Suisse may need to raise extra cash to meet new leverage requirements. Both lenders ended the day in negative territory.
The Italian banks were also under pressure amid continued concerns over the non-performing loan portfolios of the lenders. Unicredit has begun interviewing candidates to find a successor to CEO Federico Ghizzoni, Reuters reported citing Il Sole 24 Ore. Unicredit shares were lower.
Auto stocks were also lower despite European car sales rising 16 percent in May, according to the Association of European Carmakers.
Fiat Chrysler, which recorded double-digit sales growth in May, saw its shares end the day in the red after Citigroup cut its price target for the stock.
The uncertainty around Brexit, monetary policy and the global economy has seen investor rush into safe-haven assets including German government bonds and gold, which has been rallying. The uptick in the gold price helped precious metal miners Randgold Resources and Fresnillo push higher.
Elsewhere in the commodities space, shares of oil major BP were in positive territory after Citigroup raised its price target for the stock.
The broader oil and gas sector was trading lower however amid a fall in the oil price. Finland's Neste saw its shares end the day in the red after Credit Suisse cut its outlook on the stock from "neutral" to "underperform".