International News
Zuma steps down
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.
DoE reports rise in weekly US oil and gasoline inventories
US oil stocks jumped last week alongside a large build in gasoline inventories.
Europe close: Stocks recover from abrupt drop after US CPI
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.
Juncker says the notion of a European 'superstate' was 'total nonsense'
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".
Gunmaker Remington files for bankruptcy as US gun sales fall
Remington is preparing to file for bankruptcy after reaching an agreement transferring the ownership of the 200-year-old company to its lenders.
US open: Wall Street does its best to give CPI data the slip
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.
US January CPI comes in ahead of forecasts
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 drop in January
US retail sales unexpectedly fell in January, according to data from the Commerce Department.
United Airlines flight forced into emergency landing after engine cover blows off
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.
Asia report: Markets finish mixed ahead of US inflation data
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.
Storm clouds on the horizon for Amazon as Walmart ups the ante
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 pre-open: Stocks to gain ahead of key inflation reading
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 hits back at Israeli police who recommended bribery charges
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 to cut stake in Yakult to 7%
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".
Trump blocked from ending DACA by second judge
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.
Russia eyes Saudi Aramco IPO investment
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 rises more than expected, Q4 GDP growth confirmed
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.
South African police raid Gupta compound as part of Zuma corruption probe
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.