International News
Europe close: Stocks bounce back, volatility moves lower
European stocks clawed back some of the prior day's losses on Wednesday, albeit with traders still keeping a wary eye on stocks' gyrations on Wall Street.
US open: Stocks make tentative gains, Fedspeak in focus
Wall Street is adding to the previous day's recovery in shares, although traders were still somewhat wary, while officials at the Federal Reserve appeared to be taking a 'hands-off' approach to the recent sell-off.
South Africa's Jacob Zuma reportedly on the cusp of resignation
Jacob Zuma, South Africa's controversial President, was said to be in the middle of talks with the African National Congress' new leader Cyril Ramaphosa over a transition of power, with one source saying Zuma would resign as soon as a list of preconditions had been ironed out.
European Commission upgrades eurozone growth forecasts
The European Commission upgraded its forecasts for eurozone economic growth on Wednesday as the transition from recovery to expansion continues.
Disney earnings beat forecasts as more customers visit theme parks
Walt Disney’s first-quarter profit beat expectations as more visitors to its theme parks made up for lack of growth at the media and entertainment company’s other businesses.
Hyundai set to be the leading firm selling electric cars in India
The Korean motor company Hyundai is set to be the first firm to introduce electric cars in India, taking advantage of Prime Minister Narendra Modi’s aim to make all new cars on the subcontinent electric by 2030.
China FX reserves rise again in January, analysts not sure if Beijing is intervening
China's foreign exchange reserves increased in January for the twelfth month in a row, but analysts are divided on whether Beijing has been intervening to brake recent strength in the yuan.
Asia report: Markets mixed as recovery stalls
Markets in Asia finished mixed on Wednesday, with a number of indices refusing to participate in the global recovery and instead finishing in the red.
US pre-open: Stocks to slip again after Tuesday's late rally
Stocks on Wall Street looked set to drop at the open on Wednesday following a late bounce the day before, although losses weren't expected to be anywhere near as heavy as those seen at the start of the week.
Germany's Merkel agrees coalition deal to keep her in power
Angela Merkel has agreed a deal with coalition partners that will keep her in office for a fourth term as Germany’s chancellor, according to reports.
US close: Wall Street rides out volatile flip-flops to recoup losses
After two days of Wall Street blood-letting sparked a global stock market selloff, US investors eventually held their nerve after an initial lurch lower on Tuesday to end the session in the green.