The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread 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".