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
European stocks closed higher Monday afternoon, as concerns over Brexit progress, a potential slowdown in the Chinese economy and higher U.S. borrowing costs limited investor appetite.
The pan-European Stoxx 600 closed up around 0.6 percent, with more sectors and major bourses in positive territory than negative.
Many investors remained in a cautious mood on Monday, following an abrupt market shakeout in the previous trading week. The global sell-off was blamed on a series of factors, including the impact of a U.S.-China trade war, a spike in U.S. bond yields and nervousness ahead of earnings season.
Europe's industrial and financial stocks led the losses Monday, both sectors down 0.7 percent.
Britain's Hays was among the worst sectoral performers, with shares slipping over 3 percent after Kepler Cheuvreux cut its target price for the stock.
Looking at another individual stock, Britain's Convatec tumbled to the bottom of the FTSE 250. This after CEO Paul Moraviec told the company's board he wished to retire. The global medical products and technologies firm also cut its full-year forecast on Monday, prompting shares to tank almost 30 percent.
Back in Europe, investors were seen looking ahead to a crucial European summit on Wednesday. Negotiators from the U.K. and European Union failed to clinch a Brexit deal over the weekend, with both sides citing unresolved issues relating to frontier checks between Ireland and Northern Ireland.
The British pound traded at 1.3146 against the dollar buy the end of Monday afternoon in London, little changed from the previous session.
Oil prices rose while stocks in Saudi Arabia tumbled following heightened diplomatic tensions between Riyadh and the West. The kingdom has threatened to punish any countries that are considering sanctions over the disappearance in Turkey of a Saudi journalist.
In the United States, stocks rose slightly on Monday morning as Wall Street tried to recover from a 4 percent drop in U.S. major indices last week.