Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.Singapore Summitread more
No quid pro quo, there was nothing," Trump said the call. "It was a perfect conversation."Politicsread more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Singapore Summitread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Singapore Summitread more
European stocks closed higher on Wednesday afternoon, as geopolitical tensions in the Korean peninsula eased and investors braced for the release of minutes from the last Federal Reserve meeting.
The pan-European Stoxx 600 ended up by 0.69 percent, led by gains in basic resources and energy companies as metal and oil prices rose.
Looking at individual stocks, Balfour Beatty was the top performer of the European benchmark after stronger-than-expected earnings news. The British construction business reported first-half profit had jumped almost 70 percent on Wednesday after a two-year overhaul appeared to put the firm back into the black. Its shares closed above 6 percent.
U.K. motor and home insurer, Admiral Group, posted a 1 percent increase in profit before tax for the first six months of the year. However, costs from an increase in the British government's personal injury rate hampered the firm's growth. Its shares slipped more than 6 percent on the news.
Meantime, Danish shipping and oil giant, Moller-Maersk, reported cyber attacks could have a negative impact on its third-quarter results. The global cyber attack, which chiefly impacted the Maersk line in June, was estimated to hinder profits through September by around $200 to $300 million. Its shares recovered from earlier losses to close 2.3 percent higher.
In the U.S. markets were on a higher note as investors waited for minutes from the central bank. Expectations are that the Fed will raise interest rates in September. The sentiment puts the U.S. dollar on track to post its second best week so far this year.
North Korean leader Kim Jong Un had reportedly delayed a decision to fire missiles towards the U.S. Pacific territory of Guam on Tuesday, as Washington insisted any dialogue between the two nations would be up to Kim.
Back in Europe, the British government said Wednesday it does not wish to have any border posts between the Republic of Ireland and Northern Ireland, according to a new position paper on Brexit. The paper suggested the European Union shared similar views yet Brexit critics argued the U.K.'s proposals lacked credible detail.
On the data front, there were further signs of strength in the euro zone's economy on Wednesday. On an annual basis. the region's gross domestic product (GDP) grew by 2.2 percent in the second quarter. The figure was slightly stronger-than-expected.