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Macy's shares plummet as department store struggles to reinvent itself
Macy’s saw its shares tumble on Wednesday even though the company reported second quarter earnings and sales that exceeded analysts’ expectations and hiked its full-year expectations.
Rescuers search for Genoa bridge survivors as death toll reaches 39
Italy's deputy prime minister called for the resignations of senior executives at the company that operated the Morandi motorway bridge in Genoa which collapsed on Tuesday, killing at least 39 people.
Commodities: Base metals prices dive on EM, China concerns
A mix of US dollar strength, weak Chinese data and worries that the Turkish currency crisis might have a 'knock-on' effect on growth in other emerging markets saw a wave of selling hit markets, leaving Bloomberg's commodity index just off a fresh 52-week low.
FX round-up: Turkish lira extends rally, yuan slide continues
Sterling edged lower again on Tuesday, in another session dominated by jitters around the situation in Turkey and ongoing doubts about whether other Emerging Markets would be caught in the fallout.
Bonds: Italian yields blow-out
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Results round-up
Nano-materials developer Nanoco saw its shares dive on Wednesday despite forecasting a significant increase in revenue for the year ended 31 July.
WTI slips following weekly DoE inventory data
US crude oil inventories rose last week as net imports recovered and domestic output continued climbing higher.
Europe close: Basic Resources stocks buried under amid EM weakness
Stocks slumped on Wednesday, finishing near their lows of the session, weighed down by a slump in Basic Resource stocks, as investors wondered aloud whether the mayhem in Turkish asset prices would have a knock-on effect on other emerging market economies.
IQE one of 'best placed' superconductor supply chain - Barclays
Barclays analysts consider IQE one of the "best placed names" in the superconductor supply chain, but trimmed its target price on the Cardiff based company on Wednesday.
London close: FTSE falls to 3m low after threefold commodities blow
London stocks closed at their lowest in over three months on Wednesday as industrial and precious metals were hit by China angst and the strong dollars, oil slumped and investors struggled to decide what to make about the latest UK inflation data.
FTSE 250 movers: Miners and oilers suffer but Hikma given shot in the arm
London's second-tier index finished down 0. 9% at 20,320. 35 on Wednesday, with mining and oil shares suffering heavy losses on the back of US dollar strength and falling metal and crude prices.
Qatar pledges $15bn 'direct investment' in Turkey
Qatar has promised to invest $15bn in Turkey, following an agreement between heads of state in Ankara on Wednesday.
Broker tips: Esure, Chemring, TBC Bank
Berenberg upgraded Esure to 'hold' from 'sell' and lifted the price target to 280p from 230p after the insurer agreed to be bought by Bain Capital for 280p a share in cash.
Sector movers: Miners hit again as traders wait for other shoe to drop in EM
The roof is caving in on miners again on Tuesday, amid fears that the recent rout in Turkish assets presages weakness in other emerging market economies.
Director dealings: Invesco Perpetual director lowers stake
Mike Lombardi, a non-director of Invesco Perpetual Enhanced Income, disposed of 184,340 shares in the Jersey-based firm on Wednesday.
US open: Heavy losses at the bell as investors digest a slew of data
Wall Street trading began with heavy losses on Wednesday as investors waded through a sea of economic data, while also keeping a keen eye US/Turkey developments .
US housebuilder sentiment falls to 11-month low
Sentiment among US housebuilders deteriorated a touch as expected in August, according to data released on Wednesday.
Barclays reiterates 'overweight' on Chemring, spies entrypoint into shares
Analysts at Barclays Research reiterated their 'overweight' stance on stock of Chemring following the tragic incident at the firm's countermeasures facility near Salisbury on 13 August.
Peel Hunt reiterates 'buy' rating on 'well positioned' TBC Bank
Analysts at Peel Hunt reiterated their 'buy' rating on TBC Bank on Wednesday, saying they were "confident" the Georgian banking group's underlying results would again highlight the consistency of its returns.
Cobham says FCA dropping insider dealing investigation
Defence group Cobham said on Wednesday that the Financial Conduct Authority has decided to discontinue its investigation into the company's handling of inside information.