World Economy
World News
OPEC kingpin Saudi Arabia is struggling to convince some of the world's largest oil producers over the need to increase oil output ahead of a key meeting on Friday.
President Donald Trump's attempt to politicize the oil market should be castigated by OPEC, according to Iran's energy minister.
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President Trump vowed to cut in half the number of refugees admitted to the US this year but a new study shows the actual number is much lower than that, the Financial Times reports.
Iranian Oil Minister Bijan Zanganeh said OPEC could leave Vienna without agreeing on a path forward for their 18-month-old deal to limit oil output.
OPEC heavyweights including Iran and Iraq have opposed such a move.
OPEC kingpin Saudi Arabia appears to have altered its approach to oil production in the wake of repeated Twitter attacks from President Donald Trump, RBC's Helima Croft told CNBC.
The offer from Abu Dhabi Capital Management (ADCM) is well below the $125 million offered by New York-based private equity firm Cerberus Capital Management.
Troops backed by a Saudi-led coalition reportedly stormed the airport compound in Yemen's main port city Hodeidah.
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After North Korea, China was the biggest beneficiary of Trump's summit with Kim Jong Un, some political experts say. US News & World Report has the story.
The revelation that Jared Kushner opened up the back channel that led to breakthrough communication between the US and North Korea underscores the highly unorthodox nature of Mr. Trump's White House, where family and personalized ties have shaped US foreign relations, The Financial Times reports.
Former WPP CEO Martin Sorrell should have done more to promote creative inspiration during his reign over the advertising industry, a top executive told CNBC Monday.
The driver of a taxi that ran into a crowd in central Moscow on Saturday tried to run away, but was caught and detained by police.
Russia and Saudi Arabia reinforced their partnership as OPEC is set to grapple with some thorny issues, like declines of supply from Venezuela and the effect of renewed U.S. sanctions on Iran.
A proposed merger of rail operations in Germany and France could help the industry take on competition from China. But it could also derail Europe's antitrust regulators, the Financial Times reports.
It is unclear whether Trump referred to Americans broadly or executive branch staff.
Trump says he's taking the action "in light of China's theft of intellectual property and technology and its other unfair trade practices."
The Central American nation of 6 million has been rocked by popular protests and state-level violence since mid-April.
The Trump administration's tariff list is expected to include between 800 and 900 Chinese products.
The justices ruled 9-0 that the lower court gave too much deference to Chinese government filings in the case explaining China's regulatory policy.
Cohn's comments illuminate in part why he left a White House insistent on shifting the trade balance with key economic partners.
World Economy
Counting divestitures, net Chinese deal flow to the U.S. during the first five months of this year was a negative $7.8 billion, according to Rhodium Group.
The EU will start charging import duties of 25 percent on a range of U.S. products after Washington imposed tariffs on EU steel and aluminum at the start of June.
Draghi is doing all he can to save the euro but that's eroded independence, a former ECB Governing Council member said.
World Markets
Stocks opened higher, boosted by dealmaking activity and potentially improving trade relations between the U.S. and the EU.
European stocks finished trading mostly in the black on Wednesday, however elevated fears of a full-blown Sino-U.S. trade war lingered.
Asian stocks closed higher after markets tumbled on investor jitters over U.S.-China trade tensions in the last session.
Europe Economy
German Chancellor Angela Merkel will meet some of her European Union peers on Sunday to try break a deadlock on migration.
European stocks finished trading mostly in the black on Wednesday, however elevated fears of a full-blown Sino-U.S. trade war lingered.
The ECB isn't yet in a position to discuss its future rate hike path, Ireland's Philip Lane told CNBC Tuesday.
Asia Economy
If tariffs by Trump result in falling Chinese exports to the U.S., there will be knock-on effects for the rest of Asia.
China's central bank lent 200 billion yuan ($31 billion) to financial institutions via its medium-term lending facility.
CNBC asked analysts what constitutes a trade war amid the latest escalation in U.S.-China trade tensions.
