Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
European stocks closed higher Wednesday, amid renewed optimism the world's two largest economies might be able to resolve their long-running trade dispute.
The pan-European Stoxx-600 closed provisionally up around 0.6 percent, with most sectors and major bourses in positive territory.
Europe's basic resources stocks — with their heavy exposure to China — were the top performers, up almost 2 percent as investors grew increasingly hopeful of a resolution to the U.S.-Sino trade spat.
Travel and leisure was another top-gaining sector, amid earnings news. Sweden's Kindred Group reported an all-time high in active customers in the fourth quarter of 2018. Shares of the Stockholm-listed stock rose by 7.5 percent.
Looking at individual stocks, German lighting firm Osram Licht shot up to the top of the Stoxx 600 in late afternoon trade after confirming a report that it had held talks with Bain Capital and Carlyle Group over a potential joint takeover. Shares surged more than 14 percent.
Meanwhile, ABN Amro tumbled to the bottom of the index. The Dutch bank reported fourth-quarter earnings results way below expectations on Wednesday, as loan impairments jumped. Shares of the company slipped 7 over percent.
On the data front, British inflation fell to a two-year low in January, slipping below the Bank of England's target in the process. Official data showed U.K. consumer prices rose at an annual rate of 1.8 percent in January, following a 2.1 percent increase at the end of last year.
Elsewhere, euro zone industrial production was weaker-than-expected in December. Official estimates published Wednesday showed a drop in the output of capital goods contributed to a 0.9 percent fall month-on-month and a 4.2 percent fall year-on-year.
On Wall Street, stocks rose Wednesday, with investor focus very much attuned to global trade developments.
President Donald Trump said Tuesday that he could be tempted to push back the March 1 deadline for reaching a trade agreement with China if the two sides were close a deal.
Officials in Washington and Beijing had previously said they were hopeful a new round of trade talks, which began at the start of the week, could bring both sides closer to a comprehensive deal.