International News
US close: Markets finish mixed as trade tensions remain hot
Trading on Wall Street finished on a mixed note on Wednesday, with the Dow ending in the red and other indices recovering somewhat from the heavy losses seen earlier in the week, as investors appeared to set aside at least some of their worries about a trade war between the US and China.
Europe close: Bounce in stocks fades as traders watch trade headlines
Stocks staged a small bounce as investors waxed hopeful that the worst scenarios would be averted on the international trade front.
US open: Stocks on the mend as investors set aside trade concerns
Trading on Wall Street began on a positive note on Wednesday, with stocks recovering a tad from the heavy losses sustained over earlier sessions as investors appeared to set aside their worries about a trade war between the US and China - for now.
EU to vote on internet copyright crackdown
The European Parliament is set to vote on Wednesday and Thursday on a new law to prevent the availability of copyrighted material online.
US existing home sales unexpectedly drop in May
US existing home sales unexpectedly fell in May amid a lack of inventory and high prices, according to data from the National Association of Realtors.
Disney makes fresh bid for Fox, sending Sky higher
Sky shares spiked on Wednesday as 21st Century Fox agreed a new deal for Disney to acquire most of its entertainment assets.
WPP to sell stake in NYSE-listed Globant
WPP is selling its 18. 7% stake in New York-listed digital specialist Globant as its looks to focus the business after the controversial exit of ex-boss Sir Martin Sorrell.
Shell to offload Norwegian assets to Okea
Royal Dutch Shell has reached an agreement with Norwegian oil company OKEA to sell its stakes in the Draugen and Gjøa oil field to the Scandinavian firm for NOK 4. 52bn.
EU retaliates for US tariffs on aluminium and steel
The European Commission has responded to the US administration's levies on aluminium and steel, formally approving 'rebalancing measures' on €2. 8bn-worth of US exports of agricultural and manufactured goods.
US pre-open: Stocks to rebound as investors put trade fears aside for now
US futures pointed to a positive open on Wall Street on Wednesday, with stocks set to rebound from heavy losses in the previous session as investors set aside their worries about a trade war between the US and China for now.
German producer price gains accelerate in May
Producer price gains in the Eurozone's largest economy accelerated in May on the back of higher gasoline prices.
Asia report: Markets stage recoveries as trade concerns linger
Markets in Asia finished broadly firmer on Wednesday, as bourses across the region rebounded from the sharp losses seen on Tuesday when investors reacted to the latest negative developments in the trade spat between Washington and Beijing.
Ford and Volkswagen in talks about strategic alliance
Carmakers Ford and Volkswagen have begun to explore a strategic alliance to strengthen both companies’ competitiveness and develop a range of commercial vehicles.
Cryptocurrencies suffer fall after South Korean exchange reports $32m coins stolen
Cryptocurrencies dropped after South Korean exchange Bithumb was hacked and $32m in coins were stolen, including Ripple tokens.
JCDecaux makes AUD1.1bn bid for Australia’s APN Outdoor Group
Outdoor advertising company JCDecaux has made an indicative and non-binding proposal to buy Australian advertising services provider APN Outdoor Group for AUD1. 1bn.
US close: All main boards red as Trump blames China for ongoing trade spat
Wall Street finished as it started, with losses across the board on Tuesday, as relations between the US and China took another dark turn.