"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
U.S. stock index futures turned lower after China said it needed to have further discussions before it would sign off on the so-called phase one trade deal President Trump...US Marketsread more
Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of...World Newsread more
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities.China Economyread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The Trump administration may be more open to the Disney-Twenty-First Century Fox deal than other proposed media mergers, billionaire investor Mario Gabelli told CNBC on Thursday.
"From my point of view, the one good news is that the administration ... is more friendly towards Fox than they would to CNN," Gabelli said on "Squawk Box," referring to President Donald Trump's adoration of Fox News and his loathing of CNN, which he has repeatedly called "fake news."
Gabelli called into CNBC shortly after Disney announced a deal to pay $52.4 billion in stock for many parts of Fox, including Fox movie studios, Nat Geo, stakes in Sky and Hulu, and regional sports networks, but not Fox News Channel and other Fox television broadcasting assets.
As of the latest securities filing on Sept. 30, Gabelli's Gamco Investors owned 6.1 million Twenty-First Century Fox Class A shares and 4.4 million Fox Class B shares. Gamco also has a small stake in Disney.
Gabelli comments about CNN came after reports last month that the Justice Department was pushing AT&T to sell assets, including possibly the cable news network, in order to get approval for its proposed $85 billion buyout of Time Warner. The DOJ has denied those reports.
Gamco owned nearly 2.1 million Time Warner shares and about 1.4 million shares of AT&T, as of Sept. 30.