The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Stocks in Europe lost momentum on Wednesday afternoon as data showed the U.S. trade deficit jumped to a 10-year high in 2018.
The pan-European Stoxx 600 ended the session provisionally lower 0.06 percent with sectors in mixed territory. Stocks in the Basic Resources basket was the best performing sector, up almost 1 percent, while autos led the losses amid continued trade tensions.
Investors are still awaiting details on negotiations between Washington and Beijing. U.S. Secretary of State Mike Pompeo said Monday he thought Washington and Beijing were "on the cusp" of reaching a deal. Despite positive comments from different members of the U.S. administration, market players are yet to find out how far-reaching the deal could be.
In corporate news, packager DS Smith was among the top performers, up by 3.7 percent. The company said that it's to sell its plastics business for $585 million, according to Reuters.
Shares of Brenntag rose 3.5 percent as the company said it is actively looking for acquisitions. Prysmian, on the other hand, sank 3 percent after a "mixed bag" for its fourth-quarter results, according to J.P. Morgan analysts.
Elsewhere, shares in French bank Credit Agricole edged lower following media reports about a money laundering network that allegedly channeled billions of euros from Russia. Dutch prosecutors also said on Wednesday they were evaluating signs of Dutch involvement in the network, sending shares in Dutch lender ING down more than 2 percent.
Italian government bond yields fell on Wednesday after Bloomberg reported the ECB is holding discussions on new ultra-cheap bank loans.
On the earnings front, Just Eat's shares edged slightly higher after it posted higher revenues. The company is under pressure by one of its shareholders to merge with an online delivery rival.
Shares of Burberry, meanwhile, dropped 4 percent after Goldman Sachs downgraded the stock to a sell.
There is also a strong focus on the Chinese economy, after Beijing lowered its growth target for 2019. J.P. Morgan Asset Management told CNBC that the slowdown is "entirely natural," while Capital Economics suggested that China's growth could fall to 2 percent over the next decade.
Stateside, stocks traded lower on Wednesday as investors digested the U.S. trade data and continued to wait for a resolution from trade talks with China.