22h41 U.S. Treasury yields rose on
Wednesday as Wall Street stock prices stabilized a day after
posting heavy losses, reducing safe-haven demand for bonds even
as investors remained worried about slowing economic growth and
trade tensions.. . .
22h40 U.S. soybean futures rose on
Wednesday on worries about poor crop weather reducing yield
potential in South America, analysts said, while traders
continued to watch for any developments in U.S. trade relations
with top global. . .
22h33 Stocks oscillated between
positive and negative territory on Wednesday as worries over
U.S. politics, global economic growth and trade tensions offset
a boost from quarterly earnings reports.. . .
22h26 Democratic leaders in the
U.S. House of Representatives floated the idea on Wednesday of
ending a partial government shutdown by giving President Donald
Trump most or all of the money he seeks for border. . .
21h56 The dollar edged down against a
basket of currencies on Wednesday as uncertainties over trade
and the global economy clouded the U.S. currency's near-term
outlook and restricted it to tight trading ranges against other
major. . .
21h54 Wall Street struggled for direction on
Wednesday, as early gains driven by a spate of upbeat earnings
were offset by concerns about a potential economic downturn,
trade tensions and longest government shutdown in U.S.. . .
21h46 Ecuador may use financing from the
International Monetary Fund (IMF) to balance its budget, as the
South American country seeks to reduce a swollen fiscal deficit
and its international debt, the finance minister said. . .
21h29 Gold prices steadied on Wednesday,
clawing back from losses made earlier in the session, as a
recovery in stock markets fizzled out on concerns over
geopolitical and economic uncertainty, triggering investors to
seek safety in. . .
20h38 French spirits group Pernod Ricard
named business veteran Patricia Barbizet to the newly
created role of lead independent director on Wednesday as it
faces pressure from activist investor Elliott to improve its
governance.. . .
20h32 A top executive from Huawei
Technologies Co Ltd being held in Canada can make
"strong arguments" against extradition to the United States, in
part due to President Donald Trump's politicization of the case,
Canada's ambassador. . .
20h04 The longest U.S. government shutdown in
history reached its 33rd day on Wednesday with most of the
800,000 employees who have been furloughed or are working
without pay poised to miss their second paychecks.. . .
20h00 Prime Minister Narendra Modi's
ruling party could lose a quarter of its seats in India's
parliament with an electoral wipeout in the most populous state,
if the Congress Party were to join an opposition. . .
19h58 Popolare di Bari is studying
a possible tie-up with other local mutual banks, two sources
said, as the Rome government said it was keeping an eye on the
situation at the troubled southern Italian. . .
19h57 When the
final numbers were tallied late last Wednesday for Husky
Energy's hostile bid for rival Canadian oil producer MEG Energy,
Husky's top executives learned they had the support of nearly 60
percent of MEG. . .
19h46 China's economy can
maintain sustainable rates of growth despite global
uncertainties, Vice President Wang Qishan said on Wednesday,
days after the world's second-largest economy posted its weakest
expansion in nearly three decades.. . .
19h39 Procter & Gamble Co raised its
sales forecast for the year on Wednesday after quarterly results
topped Wall Street expectations, boosted by price hikes and
strong demand for premium fabric and skin care products.. . .
19h31 Apollo Global Management is to buy
packaging products maker RPC Group for 3.3 billion
pounds ($4.28 billion) in cash after months of negotiations,
marking the latest M&A deal for an industry in the midst. . .
19h26 UK shares slipped on Wednesday as fresh
worries about global economic growth weighed on oil stocks while
a stronger pound also pulled down multinational stocks, with
Metro Bank losing over a third of its. . .
19h16 India's Finance Minister Arun
Jaitley will not present the government's crucial interim budget
next week because he is expected to undergo surgery, according
to a source familiar with the matter. He has been replaced. . .
19h07 A top Chinese markets
regulator voiced confidence on Wednesday that Beijing and
Washington would resolve their trade dispute, suggesting market
pressure would ultimately push U.S. President Donald Trump into
a deal.. . .
19h04 The million pound fine and
censure handed down to Barclays boss Jes Staley over how he
handled a whistleblowing case was correctly calibrated and sent
a clear message to the industry, Bank of England. . .
19h03 General Electric,
which bought Alstom's energy business in 2015, aims to slash
close to 470 jobs across the division in France in the face of
falling orders worldwide, unions said on Wednesday.. . .
19h03 Norway, Germany's third biggest
gas supplier after Russia and the Netherlands, could make
further inroads into the German market as the country phases out
coal, a top executive at Norwegian oil and gas firm. . .
18h44 EU negotiator Michel Barnier
warned British lawmakers on Wednesday that their disparate
efforts to amend, delay or thwart Brexit will see Britain crash
out of the EU in March if they cannot rally behind. . .
18h38 The German government will fund a
research facility to offer firms in Germany know-how to develop
battery cells for electric vehicles (EVs), the science minister
said on Wednesday, seeking to compete with Asian producers. . .
18h35 Trade experts have poured cold
water on the idea that Britain could invoke an obscure clause in
the international trade rules if it leaves the European Union
without an agreement, but they say the. . .
18h26 Most euro zone bond yields fell
on Wednesday after the Bank of Japan set the tone for further
easing ahead by warning of rising risks to its economy, focusing
investors' attention on Thursday's European. . .
18h20 United Technologies Corp beat
analysts' estimates for fourth-quarter profit on Wednesday,
boosted by a more than 20 percent sales surge at its aerospace
businesses, sending the industrial conglomerate's shares higher.. . .
18h15 A top Bank of Italy official said
on Wednesday he hoped that Banca Carige could find a
merger partner within a reasonable time and added the troubled
bank had strengths which could benefit a. . .
18h13 Workers at German carmaker
Audi's Hungarian business will go on a one-week strike
for higher wages from Thursday, the president of the AHFSZ trade
union was quoted by state news agency MTI as saying. . .
18h10 British Prime Minister Theresa
May's spokesman said on Wednesday he was not aware of any
discussions about suspending parliament after the idea was
suggested by a prominent eurosceptic politician should lawmakers
try to block Brexit.. . .
17h59 IndiGo, India's
biggest airline by market share, will take more deliveries of
the longer-range Airbus A321neo aircraft next year as it plans
to launch more international flights, its interim CEO said on
Wednesday after the. . .
17h47 Deutsche Bank said
on Wednesday it had received requests for information from
regulators and law enforcement agencies around the world that
are investigating a money laundering scheme involving Danske
Bank.. . .
17h45 Chinese battery maker
Contemporary Amperex Technology Ltd (CATL) eyes an
annual production of 60 gigawatt hours (GWh) from 2026 at its
first European production site in Germany, a senior CATL manager
said on Wednesday.. . .
17h34 The chief executive of Deutsche
Bank, Christian Sewing, said on Wednesday the lender had the
biggest interest in cooperating with German prosecutors who
searched its offices in November as part of an investigation
into money. . .
17h28 The Bank of England's
preparations for Britain's departure from the European Union are
"broadly on track", with 80 banks and insurers from the bloc
applying to keep London offices as branches, BoE Deputy Governor
Sam. . .
17h25 German Chancellor
Angela Merkel delivered a robust defence of the post-war
multilateral order on Wednesday, lauding compromise as a virtue
in international relations in a veiled criticism of U.S.
President Donald Trump.. . .
16h52 U.S. oil producers
sought on Wednesday to soothe OPEC's worries about losing market
share, telling the group that investors in the U.S. firms wanted
a reduction in growth and higher payouts.. . .
16h47 Stocks in Brazil's benchmark index rose
on Wednesday to near record-high levels, tracking broad-based
gains in global equities as investors returned to riskier assets
and on recovering oil prices.
A weaker. . .
16h46 Argentine Central
Bank Governor Guido Sandleris said on Wednesday that the bank's
monetary policy committee would be looking at its current daily
limit on foreign exchange purchases of up to $50 million.. . .
16h41 Pakistani Finance Minister
Asad Umar unveiled a package of measures on Wednesday to boost
exports and investment and help Islamabad address a severe
balance of payments squeeze that has forced it to turn to. . .
16h33 The Canadian dollar edged higher
against its U.S. counterpart on Wednesday, recovering from an
earlier two-week low, as gains for stocks and oil prices offset
domestic data showing a bigger-than-expected drop in domestic
retail sales.. . .
16h31 Four former Barclays
executives conspired to commit fraud by hiding 322 million
pounds of payments to Qatar in return for cash injections in
2008, a prosecutor alleged at the opening of one of London's
most. . .
16h20 The governor of Brazil's Sao
Paulo state said additional tax breaks may be extended to all
automakers operating in the state, newspaper Valor Economico
reported on Wednesday, suggesting that pressure from General
Motors Co could. . .
16h09 Selling pounds has been a
favourite game of the $5.1 trillion-a-day global currency market
for over two years. But as the Brexit endgame plays out and
'worst case' scenarios ebb, market metrics and dynamics. . .
16h03 Germany and its
European Union partners have an interest in a close relationship
with Britain after it leaves the bloc, Chancellor Angela Merkel
said on Wednesday, adding that it was now up to London. . .
15h56 Russia slightly increased its oil
production to 11.39 million barrels per day (bpd) on average
between Jan. 1 and Jan 22, a source familiar with the Energy
Ministry data told Reuters on Wednesday.. . .
15h51 India is poised to raise the
subsidies for the world's biggest food welfare programme by 6.5
percent for the fiscal year beginning April 1, the smallest
increase in three years, in the nation's interim. . .
15h32 Italian Deputy Prime Minister
Matteo Salvini said on Wednesday he hoped the French people
would not choose President Emmanuel Macron's party in European
parliament elections later this year, drawing a sharp response
from officials in. . .
15h29 Norway's sovereign wealth fund, the
world's biggest, has bought six logistics properties in Chicago,
Nashville and Orlando together with real estate partner
Prologis, the fund said on Wednesday.. . .
15h28 South African
President Cyril Ramaphosa pledged on Wednesday that his
government would not interfere with the independence of the
Reserve Bank, despite a proposal by the ruling party to broaden
its focus to boost employment. . .
15h17 Chinese demand
for semiconductor manufacturing equipment has not slackened,
despite a slowdown in the country's economic growth and trade
frictions with the United States, the chief executive of
toolmaker ASML Holding NV told Reuters on. . .
15h16 Italy's economy
minister kept the door open on Wednesday to the potential
appointment of Bundesbank President Jens Weidmann as next head
of the European Central Bank, saying past stances should not
weigh on the decision.. . .
15h09 Qatar is preparing to issue a
tender for energy firms seeking a stake in its gas expansion
project, drawing interest from long-standing partners as well as
newcomers Chevron, Norway's Equinor and Italy's Eni, industry
sources. . .
15h02 Metro Bank shares lost a
third of their value on Wednesday after the British lender
announced a sharp rise in exposure to higher-risk mortgages and
said profits would be hit by slowing growth, raising. . .
14h51 Japanese Prime
Minister Shinzo Abe said on Wednesday he will seek to use his
chairmanship of the Group of 20 leading economies to rebuild
trust in the global trade system and foster consensus. . .
14h36 The European Union's executive
said on Wednesday the bloc would do its utmost to avoid
extensive border controls between EU member state Ireland and
the British province of Northern Ireland regardless of how
Brexit goes,. . .
14h30 Malaysia will consider laws
to restrict imports of French products if Paris does not
withdraw plans to curb the use of palm oil in biofuels, Prime
Minister Mahathir Mohamad said in a letter to. . .
14h00 U.S. Army pilot Shaun Perez
spent ten hours flying an Apache helicopter over Afghanistan,
providing gun cover for Special Forces soldiers on the ground as
they hunted for high-value targets, guns and weapons.. . .
13h43 ** Sri Lanka's rupee
closed slightly weaker on Wednesday due to dollar demand from
importers and state banks, while investors remained cautious
over debt repayment by the government.
** Stocks edged higher from an eight-week. . .
13h40 A setback for Danish energy group
Orsted's plans to sell its domestic power network
and private customer businesses will not derail its global
expansion drive, the company's head of offshore wind said on
Wednesday.. . .
13h17 China has approved a plan to set
up a Nasdaq-style board for tech companies in Shanghai aimed at
improving their ability to raise funds, the official Xinhua news
agency reported on Wednesday.. . .
13h11 Japanese Prime
Minister Shinzo Abe said on Wednesday he hopes there is a
transitional period for Britain's exit from the European Union
as many Japanese companies have made investment inroads into the
country.. . .
13h00 There was no sign of quick
relief for 800,000 federal workers going without pay because of
the partial government shutdown as the U.S. Senate scheduled
votes on competing proposals to end the month-long impasse. . .
13h00 As much as U.S. President
Donald Trump wants to boost markets through a trade pact with
China, he will not soften his position that Beijing must make
real structural reforms, including how it handles. . .
12h49 Britain's premier luxury brand
Burberry said a no-deal Brexit would cost it tens of
millions of pounds in tariffs and severely disrupt the movement
of fabrics and finished products between its suppliers,
manufacturing centres and. . .
12h44 China's state-owned
offshore oil and gas producer CNOOC Ltd said it is
confident of achieving its spending target this year, the
highest since 2014, as its responds to a call to build up the
nation's. . .
12h27 China's President Xi Jinping
said on Wednesday that Beijing will push forward reforms in key
areas, the official Xinhua news agency reported.. . .
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