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
Stocks in Asia traded lower on Monday morning, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread 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
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
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
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
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
European stocks traded higher Monday after U.S. President Donald Trump and Chinese President Xi Jinping agreed to hold off on additional tariffs in a bid to reignite trade talks.
The pan-European Stoxx 600 closed 0.9% higher in afternoon trade, slightly cutting its early surge after weak euro zone PMI data. Technology stocks led gains, up nearly 2% having hit a 1-year high earlier in the session. Food and beverages was the only sector trading in the red.
Following a meeting on the sidelines of the Group of Twenty (G-20) summit over the weekend, President Trump and President Xi confirmed that they do not intend to levy any new tariffs against each other's products at present, while Trump suggested a reversal of his administration's decision to ban American companies from selling products to Chinese telecommunications giant Huawei.
Markets surged after the opening bell, but momentum slowed after data showed euro zone factory activity contracting in June, with German activity slowing for the sixth month in a row, Italy falling for its ninth consecutive month, and Spain shrinking at its fastest rate in six years. The U.K.'s June manufacturing PMI reading fell to its lowest since October 2012.
European chipmakers monopolized the top of the European blue chip index on Monday in response to the Huawei news, with STMicro and ASMI adding more than 5% while AMS and Infineon also climbed more than 4% by mid-afternoon.
Stateside, the rose 0.8% and reach an all-time high of 2,977.86, breaking above its previous record of 2,964. The Dow Jones Industrial Average gained 152 points, or 0.6% as Nike and Apple outperformed. The Nasdaq Composite jumped 1.1%.
Back in Europe, an emergency European Union summit to decide top jobs at the bloc has been suspended without a resolution until Tuesday. Former Dutch foreign minister Frans Timmermans has emerged as favorite to succeed Jean-Claude Juncker as president of the European Commission.
European investors and brokers are scrambling for solutions after a block on Swiss shares trading on EU exchanges came into force Monday, following the collapse of political treaty talks between Switzerland and the EU.
Turkish President Tayyip Erdogan said the first delivery of the Russian S-400 missile defense system will take place within 10 days, broadcaster NTV reported on Sunday, a day after Erdogan said Trump had told him there would be no U.S. sanctions over the deal.
Italian infrastructure group Atlantia saw its shares fall 3.8% to the bottom of the Stoxx 600 Monday after amid fears the Italian government may terminate a national motorway concession which accounts for a third of the company's core profits.