Jacob Zuma has announced his decision to step down as South Africa's president after his party reportedly threatened him with a no-confidence vote for as soon as Thursday.
US oil stocks jumped last week alongside a large build in gasoline inventories.
Stocks finished higher across the Continent, seeing the day out from their best levels of the session after an abrupt US CPI-inspired drop in the afternoon.
President of the European Commission, Jean-Claude Juncker, said accusations that he was looking to create a so-called European "superstate" were "total nonsense", and stated that many Britons had unfairly labelled him as a "stupid, stubborn federalist".
Remington is preparing to file for bankruptcy after reaching an agreement transferring the ownership of the 200-year-old company to its lenders.
Early trading pointed to another positive session on Wall Street on Wednesday, while there was some volatility after the release of the latest inflation figures, stocks had come off their session lows, with all the main indices having pivoted into the green.
The cost of living in the US was steady last month, contrary to expectations for a dip, buoyed by unusually large increases in clothing and medical care prices, with those for the former rising at their quickest pace since 1990.
US retail sales unexpectedly fell in January, according to data from the Commerce Department.
A United Airlines flight destined for Hawaii was forced to make an emergency landing just forty minutes short of its destination on Tuesday after one if its engines began to disintegrate mid-flight.
Markets in Asia finished mixed on Wednesday, as investors headed home awaiting the release of inflation data from the US later in the global day.
Walmart has announced plans to go head-to-head with Amazon, building its own internal cloud network to store almost limitless client information and manage sales.
US futures pointed to another positive session on Wall Street on Wednesday, although there was some potential for volatility with the release of the latest inflation figures due before the opening bell.
Benjamin Netanyahu has responded on Tuesday to police accusations of fraud, breach of trust and two instances of accepting bribes, saying he will not step down and is confident he won't face charges.
Danone has announced plans to cut its holding in Japanese probiotic dairy drink maker Yakult to around 7% from 21. 3% in a move that reflects its "continued focus on disciplined capital allocation".
President Donald Trump’s decision to end the DACA programme, which protects the children of illegal immigrants in the US from deportation, has been blocked by a second judge.
A Russian and Chinese joint investment fund, working in conjunction with several major Russian banks, has made moves to take part in the much awaited Saudi Aramco initial public offering, according to a sovereign Russian investment fund head.
Eurozone industrial production rose more than in expected in December, while gross domestic product growth for the fourth quarter was in line with expectations, according to data released by Eurostat on Wednesday.
Armed police raided the luxurious South African home of the Gupta family on Wednesday as part of an effort to confirm corruption allegations made against the brothers and controversial president Jacob Zuma, who was ordered to stand down as head of state by the ruling African National Congress on Tuesday.