Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
European stocks closed lower Wednesday as traders looked for signs of what to expect from talks between the U.S. and China at the upcoming G-20 summit.
The pan-European Stoxx 600 closed provisionally 0.3% lower, with auto stocks gaining 0.9% while the healthcare sector led losses with a 1.2% fall.
Markets began the day in the red after Federal Reserve chairman Jerome Powell tempered expectations of an imminent cut to interest rates.
They erased losses by mid-morning after Treasury Secretary Steven Mnuchin told CNBC's Hadley Gamble Washington and Beijing "were about 90% of the way there" on finding a trade deal before negotiations stalled. Equities in Europe dipped back into negative territory shortly after.
U.S markets got a boost from the news, with the Dow Jones Industrial Average climbing over 70 points, while the S&P 500 and Nasdaq indexes were also in positive territory.
Back in Europe, stock exchange venues are preparing to delist over 250 Swiss companies, including blue chips like Nestle and UBS, on Monday July 1 if no resolution is reached in a political row over Switzerland's bilateral agreements with the European Union.
In corporate news, Reuters reported Tuesday that rural U.S. telecom carriers dependent on Chinese giant Huawei for network gear are in discussions with European rivals Ericsson and Nokia as possible replacements. Ericsson stock was down over 1%, while Nokia rose nearly 0.6%.
Meanwhile, German electric utility group E.ON has offered to sell assets in Hungary, Germany and the Czech Republic to address antitrust concerns from the European Union surrounding the company's bid for rival Innogy's network and retail assets. E.ON shares were down almost 0.9%.
In terms of individual stocks, British energy company John Wood Group climbed around 6.6% after keeping its full year outlook unchanged while announcing improved first half performance. German steelmaker Thyssenkrupp, meanwhile, jumped nearly 6.9% after reports of a possible offer from Finnish engineering company Kone.
At the other end of the Stoxx 600, German chemical distributor Brenntag fell 3.6% after German media reported that it had sent weapons-grade chemicals to Syria in 2014 despite sanctions, by using a Swiss subsidiary.