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Major oil producers have reached a preliminary deal to cut oil production and boost the market, following two days of grueling negotiations.
European stocks recovered Friday, bouncing back from the two-year low in the previous session.
Global chip stocks tumbled on Thursday as the arrest of a top executive at Chinese tech giant Huawei renewed fears of an escalation in U.S.-China trade tensions.
OPEC has reportedly agreed to cut oil production, but the cartel is not releasing details of the deal until it reaches an agreement with allied producers including Russia.
European stocks retreated sharply Thursday, amid fears of a slowdown in economic growth.
Carmakers were initially buoyed by the claim of an "incredible" trade deal emerging Trump's dinner with Chinese President Xi Jinping at the G-20 summit. But the White House has now backpedaled, acknowledging there was no deal.
Chinese smartphone manufacturer Huawei has been barred from providing the technology central to BT's 5G network.
Oil markets are deeply concerned about the power President Donald Trump has over some of the world's largest crude producers, energy analysts told CNBC on Wednesday, ahead of a much-anticipated meeting between OPEC and non-OPEC members.
The coalition between the leftist Five Star Movement (M5S) and the right-wing Lega came to power in early June; it promised to revive the economy by giving more money to the poor and reduce taxes.
Germany's largest and dominant political party is holding a crucial vote to elect a new leader and the winner could also become Germany's next chancellor.
The so-called Withdrawal Agreement — a 585-page document that outlines how the U.K. will leave the EU in March — is causing division among society and lawmakers.
There was a time when European governments couldn't utter a fiscal policy statement without mentioning the word "austerity." Now, the policy seems to be out of favor. the concept seems to have all but disappeared from public discourse.
European stocks posted sharp losses on Wednesday afternoon, as resurgent trade worries worsened investor fears about global economic growth.
The U.K. and Canada are the only members of the Five Eyes security alliance not to exclude Chinese tech firms from working on their 5G networks.
The European Commission's latest investigation into Google won't conclude before the end of the year, the EU's antitrust chief said Tuesday.
Italian Prime Minister Giuseppe Conte told Italian media that he would be making new budget proposals to the European Union on Tuesday.
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Tim Speiss, chairman of personal wealth advisors at EisnerAmper, discusses the key metrics influencing the U.S. Federal Reserve’s strategy.
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