International News
Europe close: All eyes on Rome as Italian assets get hammered
Stocks on the Continent were mostly higher on Wednesday, but on the periphery shares were bathed in red as markets moved to factor-in the prospect of a potentially highly disruptive governing coalition gaining power in Italy.
Netflix original film releases in 2018 to outstrip four major studios combined
Netflix is upping its game and is preparing to release at least 86 original films in 2018, management said on Wednesday.
US oil inventories slip as exports jump, DoE says
Inventories of crude oil and its derivative products in the States were lower across the board last week amid rising exports.
US open: Positive open on the Street as bond yields remain in focus
Wall Street trading started on a positive note on Wednesday even as investors keep an eye on bond yields and geopolitical concerns weigh on sentiment.
US industrial production falls short of forecasts in March
US industrial production fell short of forecasts last month despite a sharp jump in the output of business equipment.
US housing starts peak in April, economists say
A key gauge of housing market activity in the US turned down last month, although the details of the report were somewhat stronger, according to economists.
Zoetis to buy veterinary diagnostics group Abaxis for $2bn
US animal health company Zoetis Inc has agreed to buy veterinary diagnostics group Abaxis for $83 per share in cash, or around $2bn.
North Korea threatens to call off US summit over nuclear demands
North Korea said it will not engage in economic trade with the US in exchange for its denuclearization and threatened to cancel the upcoming summit between leader Kim Jong-Un and US president Donald Trump.
Asia report: Most markets fall on fresh North Korea concerns
Most markets in Asia were on the back foot at the end of Tuesday’s sessions, as traders digested fresh uncertainty over North Korea.
Italian bonds rise as 5 Star, League economic plans leaked
Italian bond yields rose sharply on Wednesday after a plan by the populist 5 Star and League parties leaked revealing they want to write off €250bn (£220bn) in European Central Bank debt as part of a deal to govern in coalition.
US pre-open: Stocks seen muted amid geopolitical tensions; bond yields in focus
US futures pointed to a muted open on Wall Street on Wednesday as investors keep an eye on bond yields, with geopolitical concerns set to weigh on sentiment.
Eurozone inflation confirmed at 1.2% in April
Annual inflation in the eurozone slowed to 1. 2% in April from 1. 3% the month before, well below the European Central Bank's target of close to but under 2%, data from Eurostat confirmed on Wednesday.