International News
Europe close: Stocks finish session with slight gains
Stocks finished the day slightly higher amid reports that European Central Bank policymakers were closer to an agreement on how to go about tapering their asset purchases.
Uber to begin London operations appeal process
Ride-hailing service Uber has started an appeal process against the London authorities' decision to discontinue the car service's operations in London.
US open: Stocks rise after weak September CPI, Trump in the spotlight
Stocks are holding on to slight gains heading into the weekend despite inflation data for last month that was shy of market estimates.
Kobe Steel admits fabrication scandal now affects 500 clients
Embattled Japanese steel manufacturer Kobe Steel has admitted its fabrication scandal now affects 500 clients as opposed to the 200 figure divulged on Tuesday, prompting fears about its future if legal claims mounted.
Juncker: EU intervention in Catalonia would cause 'chaos'
European Commission president Jean-Claude Juncker has said any intervention from the EU in the political crisis in Spain would only serve to cause “more chaos”.
US consumer confidence at 2004 highs in October, University of Michigan says
Consumer confidence in the States shot higher at the start of October as more Americans judged that "this is about as good as it gets", the results of a widely-followed survey revealed.
Legal costs, slowdown in mortgage banking hit Wells Fargo
In its third-quarter trading update released on Friday, Wells Fargo appeared to still be suffering from the consequences of the sham account scandal of September 2016 as it fell short of analysts' expectations for revenues.
Facebook starts taking food orders, hitting Just Eat
Facebook users can now order takeaway food directly from the social media app, adding a big name into an increasingly crowded market for the likes of Just Eat, UberEats and Deliveroo.
US retail sales jump in September on strong demand for autos
US retail sales soared in September led by a surge in those for motor vehicles and parts.
US consumer price inflation disappoints
US headline inflation increased less than expected last month but core prices jumped well above forecasts, according to data released by the Bureau of Labor Statistics on Friday.
US pre-open: Stocks set for gains despite September CPI miss
Stocks are being called to start the session slightly higher despite inflation data for last month that was shy of market estimates.
Bank of America posts mixed Q3 results as Global Markets drag
Bank of America posted weaker than expected top line growth for the third quarter due to a sharp fall in sales and trading revenues at its Global Markets arm.
Australia boasts one of the most rapidly rising levels of income inequality
The International Monetary Fund (IMF) said on Thursday that Australia had seen some of the highest levels of income inequality growth on the planet since the 1980s, just weeks after Treasurer Scott Morrison denied inequality was worsening across the nation.
Asia report: Markets mostly higher as traders digest China data
Markets in Asia were mostly higher on Friday, as investors sifted through fresh trade data from China and looked forward to the release of retail sales and inflation data from the US later in the global day.
Samsung Electronics chief resigns amid 'unprecedented crisis'
Kwon Oh-hyun, one of the chief executives of Samsung Electronics, has resigned due to an “unprecedented crisis”, on the same day the technology giant flagged record quarterly profits.
China trade data shows economy still expanding, commodities stocks lifted
China's exports and imports continue to strengthened, trade data showed overnight, giving a boost to commodities stocks around the globe.
Ryanair to take Lufthansa-Air Berlin deal to EU court
Irish budget airline Ryanair is planning to challenge Lufthansa’s deal to buy part of another German carrier, Air Berlin.
US close: Markets finish softer as bank stocks fall flat
Wall Street finished on a downbeat note on Thursday, as traders took some money off the table following the latest earnings updates out of Citigroup and JPMorgan and somewhat dovish remarks by a trio of top Fed officials.