A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
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
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread 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
Martin Sorrell has claimed that WPP shareholders are growing increasingly accepting of his multi-million pound executive pay package, despite facing opposition from more than a fifth of voters at the advertising company's annual general meeting (AGM) on Wednesday.
A total of 21.3 percent of shareholders voted against Sorrell's £48 million ($62 million) pay package when they met in London on Wednesday; 20.79 percent voted for the payment, while 0.5 percent chose to abstain.
Though significant, the rejection level was down dramatically from more than one third - 34 percent - last year. In 2012, almost 60 percent of investors rejected his pay packet.
"If you look at the history, it's an improving trend," Sorrell, chief executive of WPP, told CNBC Wednesday, shortly after the AGM.
"Opinions have changed," he added.
The British multinational advertising agency has revised down Sorrell's pay package in recent years. This year's sum is 32 percent lower than the £70.4 million he received in 2015, which was one of the biggest pay deals in U.K. corporate history.
Sorrell maintained that the pay packages had gained prior support from the majority of shareholders.
"Both plans that were approved by 80 percent of the shareholders several years back. This has all gone through shareholders."
Follow CNBC International on and Facebook.