Europe stocks close higher, Renault and Fiat shares surge

European stocks closed higher on Monday on the back of E.U. parliamentary elections results and carmaker Renault surged as talk of a merger with...

Japan adds IT, telecoms to list of sectors with restrictions on foreign ownership

Japan has moved to add its high-tech industries to a list that contains businesses and sectors for which the government restricts foreign ownership. Japan's decision...

JP Morgan cuts Q2 forecast for U.S. growth to 1%

Economists at J.P. Morgan have slashed their growth forecasts for the U.S. economy to just 1% for the second quarter. The move means economists believe...

U.S. now threatens to impose tariffs on countries with undervalued currencies

The U.S. government has a proposal that would see it impose tariffs on imports from countries determined to have undervalued currencies. With the trade war...

Poorer Americans will have to bear higher prices if T-Mobile-Sprint deal happens, experts say

Analysts have said that any concessions T-Mobile U.S. Inc makes in order to get a U.S. government approval for its acquisition of Sprint Corp...

Safe haven currencies yen and franc firm against the dollar; pound falls

Investors remain on edge, despite the U.S. moving to ease restrictions imposed on Chinese phone company Huawei. That means global stocks are likely to...

HSBC Cuts Apple Price Target, Warns Challenges in China Remain

Apple shares are down over 3%, having closed at $183.09 on Monday, continuing a slide that has seen it lose nearly 10% of its...

Trump says companies are leaving China, Beijing says “no rush” for a deal

There is no way a trade deal between the U.S. and China can be a "50-50" affair, U.S. President Donald Trump has said. Additionally, Trump...

CBS looking to acquire Starz, Lions Gate Shares Soar On News

CBS Corp has reportedly been working on plans to acquire Starz, a cable entertainment channel owned by Lions Gate Entertainment. The media company is said...

E.U. fines Major Banks $1.2 Billion for Involvement in Forex Rigging

The European Union (EU) on Thursday imposed hefty fines on several major banks around the globe for their part in a scheme that rigged...