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
Markets in Europe closed lower on Thursday as uncertainty surrounding internal U.S. policy continued to weigh on investor sentiment despite tensions easing between the U.S. and North Korea.
The pan-European Stoxx 600 ended down by 0.6 percent. Banking stocks fell more than 1.5 percent following minutes from the European Central Bank (ECB) Thursday showing concerns over a possible overshoot in the single currency. As a result, the euro fell to three-week lows against the dollar. The currency, which was down on the day against the dollar, was on track for its biggest daily loss in more than four months.
The construction and materials sector also dipped lower Thursday, led by falls for British home improvement retailer Kingfisher. The business reported a fall in quarterly sales Thursday as it struggled with a slowdown at its B&Q business and weakening demand from France. The results will hurt the company's restructuring plans and caused the stock to dip 4 percent.
Danish wind turbine manufacturer Vestas was down almost 8 percent, after reporting lower-than-expected operating profit in its second quarter results released Thursday. Despite this, the company has retained its forecast for 2017.
Swiss toilet maker Geberit was down 5.7 percent after missing second quarter profit expectations.
On the other end, shares of Swiss dental implant maker Straumann hit an all time high and rose 11.3 percent to the top of the European benchmark after earnings beat market expectations. The business also reported more than $150 million in acquisitions which should help grow the business.
Gn Store Nord, a Danish manufacturer of hearing instruments, rose 6 percent on reports that it is to produce over the counter hearing aids in the U.S.
Meanwhile, in the U.S. stocks were lower as retailers put an end to their earnings season. The Dow Jones industrial average dropped about 50 points at the open, with Wal-Mart contributing the most losses despite better-than-expected results.
President Donald Trump disbanded two high-profile business advisory councils Wednesday after seeing a mass exodus from chief executives over his response to violence in Charlottesville over the weekend. Meantime, minutes from the Federal Reserve's latest meeting Wednesday showed policymakers divided over their view on inflation and their approach to interest rate hikes.
Meanwhile, in Spain, a van has crashed into dozens of people in the city center of Barcelona at about 4.30 p.m. London time. According to Reuters, there were several injured in a "massive crash" and emergency services said people should avoid the area.
Elsewhere, new data released by the British Chambers of Commerce Thursday showed that exporter confidence has softened due to currency fluctuations and a shortage of skilled workers post-Brexit. This comes as the Office for National Statistics announced that the number of EU citizens working in the U.K. has hit a record high.
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