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Asia report: Most markets higher as US delays China tariffs
Most markets in Asia finished in the green on Wednesday, after a surprise positive announcement from Washington overnight that it would delay the implementation of the latest round of punitive tariffs on some goods from China.
US import prices edge slightly higher in July
Import prices in the US edged slightly higher in July as energy costs bounced back.
StanChart targets growing private banking assets to $100.0bn
Standard Chartered will ramp-up hiring at its private banking arm as part of a push to grow the unit by half over the next five years.
Wednesday broker round-up
Just Eat: Citigroup downgrades to neutral with a target price of 805p.
Europe midday: Investors continue to shift out of stocks after weak data
Stocks across Europe were deeper in the red come midday, failing to follow-through on the previous session's rally after the release of data confirming that Germany's economy shrank in the second quarter and showing much weaker than forecast activity in China, including industrial output at a 17-year low.
Lookers profits drop; one-off investment plan announced
Car dealership chain Lookers reported a drop in first-half pre-tax profit on Wednesday amid a "challenging" market backdrop, as it announced a one-off investment to address control issues in its sales processes.
Europe open: Stocks fall back amid weak economic data in Germany and China
Stocks across Europe failed to follow-through on the previous session's rally following the release of data confirming that Germany's economy shrank in the second quarter and much weaker than forecast activity in China, including industrial output at a 17-year low.
NHS to get £8.0m payout from Aspen over anti-competitive practices
The Competition and Markets Authority on Tuesday ordered that pharma company Aspen payout £8. 0m to the NHS after an investigation found that it had engaged in anti-competitive practices.
US pre-open: Futures drop sharply after US official reportedly denies thaw in US-China talks
Wall Street futures were pointing to heavy losses at the opening bell on the back of much weaker than expected economic data out of China and following a report that Washington was not easing back in its trade war with Beijing.
London midday: Stocks drop as pound rises on inflation data; recession fears weigh
London stocks had turned lower by midday on Wednesday as the latest inflation data boosted the pound, while an inversion in yield curves for two- and 10-year US treasury bonds prompted fears of a recession.
German GDP shrinks in second quarter
Germany's economy shrank in the second quarter as exports fell, according to preliminary data released by Destatis on Wednesday, sparking worries that the country is teetering on the brink of recession.
Sunrise Resources completes concept trials at CS deposit in Nevada
AIM-listed mining group Sunrise Resources has successfully wrapped up proof of concept trials for a horticultural grade of perlite from its CS deposit in Nevada.
China industrial output drops to 17-year low
Industrial production growth in China fell to a 17-year low in July, according to data released on Wednesday by the National Bureau of Statistics.
Grant Thornton quits as Sports Direct auditor
Shares of Mike Ashley's Sports Direct tumbled on Wednesday as it announced that Grant Thornton has quit as its auditor after more than 10 years, giving the company less than a month to find a new one.
ECR Minerals begins gold exploration at Henry's Hill
Precious metals exploration and development company ECR Minerals announced the start of gold exploration at Henry’s Hill, within its Avoca gold project, on Wednesday.
Eurozone economic growth slows in second quarter
Economic growth across the eurozone slowed in the second quarter, figures from Eurostat confirmed on Wednesday.
European Metals Holdings raises £0.75m as it progresses Cinovec Project
European Metals Holdings has raised gross proceeds of £0. 75m via a share placing to UK investors, it announced on Wednesday.
ReNeuron enters grant-funded partnership with University of Cardiff
Cell-based therapeutics developer ReNeuron Group is partnering with the University of Cardiff under a new grant-funded collaboration utilising its exosome-based drug delivery technology platform, it announced on Wednesday.
Oilex to acquire controlling interest in Cooper-Eromanga licences
Oilex has entered into an agreement with Perseville Investing and Terra Nova Energy Australia to acquire up to a further 51. 4997% interest in Petroleum Exploration Licences 112 and 444, in the “world-class” Cooper-Eromanga Basins in South Australia, it announced on Wednesday.
Admiral H1 profits rise as UK household stages turnaround
Insurer Admiral said interim pre-tax profits rose 4% to £218. 2m as it booked a £33m charge as a result of changes in the rate used to calculate personal injury claims payouts.