International News
FAA says approval of Boeing 737 Max review will not be rushed
The US Federal Aviation Administration said the review of the Boeing 737 Max model jets that were recently grounded following two fatal crashes in under a year will not be rushed.
Europe close: Stocks skid lower alongside sharp drop in oil futures
Stocks on the Continent were pumelled on Thursday amid continued negative headlines around the US-China trade war, even as analysts and market commentary grew increasingly downbeat on the prospects for a relatively quick resolution.
UK voters head to the ballot box for the EU elections
UK voters are heading to the polls for the European Parliament elections and will give their verdict on the main parties' handling of Brexit with Conservative MEPs warn of a massive defeat.
US open: Stocks fall sharply at the bell as US-Sino relations remain in focus
Wall Street stocks fell sharply at the opening bell on Thursday, with fears that trade tensions between Washington and Beijing would get worse rather than better doing the rounds.
US new home sales dip in March, but economists say housing is 'fine'
The pace of new home sales in the US dipped last month, but only account of upwards revisions to figures for the previous months and prices rebounded alongside.
IMF says US companies paying China tariff costs, warns over growth
US and Chinese consumers "are unequivocally the losers from trade tensions" between the two nations, the International Monetary Fund said in a blog on Thursday.
China asks US to correct 'wrong actions' or trade talks won't continue
The Chinese Commerce Ministry said on Thursday that the US needs to correct its "wrong actions" if it wants trade talks to continue and put an end to the tensions.
Best Buy same-store sales beat quarterly estimates
US electronics retailer Best Buy's first-quarter same-store sales came in ahead of expectations on the Street, with sales of wearable devices and tablets leading the charge.
US initial jobless claims unexpectedly drop
The number of Americans filing for unemployment benefits unexpectedly dropped last week, according to figures from the Labor Department.
US pre-open: Futures point to heavy losses as trade tensions remain in focus
Futures on Wall Street were pointing to some heavy losses at the opening bell on Thursday, with fears that trade tensions between Washington and Beijing would get worse rather than better doing the rounds.
Asia report: Markets mostly lower as hopes for trade resolution fade
Most markets in Asia finished in the red on Thursday, as trade tensions between the US and China continued to fray on both sides of the Pacific Ocean.
Eurozone economy in the doldrums in May
Eurozone economic growth was in the doldrums in May as services weakened and optimism dropped to a near five-year low.
German business sentiment deteriorates - Ifo
Business confidence in Germany deteriorated more than expected in May, according to a survey released by the Ifo Institute on Thursday.
Domestic demand fuels German economy's revival
Domestic demand helped the German economy return to growth in the first quarter as manufacturing remained a drag.