Business

The Trump administration said on Monday that foreign university students will have to leave the country if their classes are all taught online - clouding the future of tens of thousands of enrollees and potentially straining budgets at schools struggling to reopen during the coronavirus pandemic.

European shares were rising again after a two-day wobble on Thursday as China's markets continued their charge, and something between fear and greed propelled gold to a nine-year high.

An initial public offering from Alibaba's Ant Group by year-end would give equity capital markets in Hong Kong a timely boost after a new security law cast in doubt the city's future as a global financial centre, analysts said on Thursday.

Euro zone bond yields held their ground on Thursday with investors' main focus expected to be any new developments on the European Union's recovery fund, which aims to help the region's economy recover from the coronavirus crisis.

France's TGV high-speed train maker Alstom on Thursday offered to sell a French rail factory and make other concessions to win European Commission approval for its planned purchase of Bombardier Inc's transportation business.

European stocks rose on Thursday as software giant SAP signalled a rebound in its business from a coronavirus hit and China's stock markets extended a rally, supporting risk sentiment in the continent.