Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018.Traderead more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the...Technologyread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Joseph Gaspar, the chief financial officer at Elbit Systems, said M&A among firms in the sector began to pick up pace in the 1980s and looks set to continue.Paris Air Showread more
Stocks in Asia rose on Wednesday following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
The U.S. Department of Defense has hit back at Russian officials who have criticized a U.S. plan to deploy more troops to the Middle East.World Politicsread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
European stocks closed higher Wednesday, clawing their way back from sharp losses sustained in the previous session.
The pan-European Stoxx 600 finished provisionally up 1.2 percent during the day's deals, with all sectors and major bourses in positive territory.
Europe's banking index was among the top performers Wednesday morning, up almost 2 percent amid support from Italy's notoriously fragile lenders. Banco BPM, Ubi Banca and Intesa Sanpaolo all surged higher amid reports the country's Deputy Prime Minister, Matteo Salvini, could be prepared to review the government's 2019 budget.
However, the European Union has since announced it will look to sanction Italy with a fine if the country continues to refused to submit a budget proposal that abides by its rules.
Looking at individual stocks, hospital chain NMC Health rose towards the top of the European benchmark during mid-morning deals. It comes after J.P. Morgan raised its stock recommendation to "overweight" from "neutral." Shares of the London-listed firm rose 8.4 percent.
Meanwhile, British defense contractor Babcock took a one-off charge of £120 million ($153.7 million) on Wednesday. The charge comes as the company plans to reshape its business, while it also warned revenue from its nuclear decommissioning division would likely fall more than anticipated next year. Shares slipped 4.8 percent.
U.S. stocks bounced back in the Wednesday session and by the European close the Dow Jones Industrial Average was higher by more than 150 points. The U.S. markets will be closed Thursday because of Thanksgiving Day.
Back in Europe, U.K. Prime Minister Theresa May traveled to Brussels on Wednesday to discuss Brexit developments with the President of the European Commission, Jean-Claude Juncker.
The British leader is currently facing broad criticism from across the political spectrum, amid lingering concerns she could soon face a vote of no-confidence.
The EU is due to hold a summit to discuss Britain's proposed deal on Sunday. If the 27 remaining member states agree to sign off on the draft agreement later this week, the British government would then have to win over lawmakers at a vote in early December.
Sticking with politics, investors will also be keeping watch of any news out of the U.S., as its trade relations with China and the ongoing investigation into Russian interference in the 2016 presidential election continue to be of key focus for markets.
President Trump's decision to give his support to Saudi Arabia despite international outrage over the killing of Saudi journalist Jamal Khashoggi, has also come in for criticism.
In an interview with CNBC on Wednesday, the Saudi foreign minister denied the country's government had any involvement with the as yet unexplained death.