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
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread 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
Ireland has become the main regulator enforcing rules on how big tech companies collect and process user data under Europe's privacy law called GDPR.Technologyread 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
HSBC could become the first foreign company to trade on a Chinese index with plans for a new stock exchange link between London and Shanghai, the Financial Times reported Thursday.
"In a move that has been in the making for more than a decade, the London-Shanghai stock connect plans to make the bank the first offering of Chinese depositary receipts — a tradeable security that reflects underlying shares listed elsewhere," the FT's Don Weinland and Emma Dunkley reported.
The London-Shanghai stock connect could link the London Stock Exchange (LSE) with the Shanghai Stock Exchange, allowing international investors to access shares in Chinese companies and for Chinese investors to buy stocks listed on the LSE.
"The plan to offer HSBC stock in Shanghai is viewed as a symbolic listing following years of planning," the FT said, citing two unnamed people with knowledge of the matter.
Asked to comment on the report, a spokesperson for the bank told CNBC: "We are studying the proposed framework for the listing of Chinese Depositary Receipts under the Shanghai-London Stock Connect but cannot comment further at this time."