International News
US close: Markets reverse earlier gains to finish in the red
Trading on Wall Street finished in the red on Wednesday, having bounced higher earlier in the session after a sell-off on Tuesday was fuelled by new Fed chair Jerome Powell's congressional testimony on, which rattled the market.
Europe close: Late selling hits stocks across the Continent
A wave of selling in the final stretch of the session weighed on stocks across the Continent on the last day of the month.
US open: Stocks mostly higher at month-end after Fed comments
Trading on Wall Street opened marginally firmer on Wednesday, with shares bouncing back from a sell-off fuelled by new Fed chair Jerome Powell's congressional testimony on Tuesday, which rattled the market.
Dick's Sporting Goods, US gun retailer, stops selling assault rifles
Dick’s Sporting Goods has announced the removal of assault-style weapons from its stores and has raised the age for gun buyers to over 21.
Office Depot swings to fourth quarter loss despite improved revenue
US retailer Office Depot posted a $48m loss in its fourth-quarter on Wednesday, just twelve months after reporting a $55m profit for the same period.
US pending home sales slump in January
US pending homes unexpectedly declined in January, according to figures from the National Association of Realtors.
US GDP slows a tad more than expected in the fourth quarter
Economic activity in the US slowed down a tad more quickly than expected during the third quarter, but continued to point to a robust end of the year, according to economists.
Chicaco PMI falls to six-month low in February
Economic activity in the Chicago area deteriorated more than expected in February, according to figures released on Wednesday.
UN report says North Korea aided Syrian chemical weapons projects
A leaked report from the UN sanctions panel says North Korea sent Syria missile specialists and over 40 items used in ballistic missile and chemical weapons programmes between 2012 and 2017.
Asia report: Markets finish lower on disappointing China, Japan data
Markets in Asia finished lower on Wednesday, after disappointing data came out of China and Japan.
Official China PMI surprises to the downside in February
The weak prints on two closely-followed surveys of activity in China's economy for February likely overstate the extent of the slowdown seen during the month of February, economists said, possibly as a result of the Lunar New Year holidays.
US pre-open: Stocks seen touch higher after Powell-fuelled losses
US futures pointed to a marginally firmer open on Wall Street on Wednesday, with stocks set to recover from a late selloff the day before on the back of hawkish comments from new Federal Reserve chairman Jerome Powell.
Eurozone inflation eases to 1.2% in February
Inflation in the eurozone eased to 1. 2% this month from 1. 3% in January, in line with expectations, according to a flash estimate from Eurostat on Wednesday.
US close: Markets retreat as Powell addresses Congress
Wall Street indices finished in the redon Tuesday, after nerves kicked in as new Federal Reserve Chair Jerome Powell delivered his first congressional testimony.