International News
US open: Stocks slip ahead of Fed policy announcement
Wall Street's main stockmarket gauges were moving lower on Wednesday as investors opt to stay on the sidelines ahead of the latest policy announcement from the Federal Reserve.
Weekly US oil and gasoline inventories fall rapidly, DoE says
US crude oil inventories shrank sharply during the preceding week as exports and refinery activity picked up.
Dutch coalition government may lose Senate majority to eurosceptics
Holland's coalition government is at risk of losing its Senate majority in provincial elections due to be held on Wednesday evening as the Eurosceptic Forum for Democracy climbs in the polls.
Investment banking enduring worst quarter 'in recent history' - UBS
The chief executive of UBS has called the last three months one of the worst quarters in investment banking’s recent history.
Asia report: Markets mostly lower on fresh US-China concerns
Markets in Asia were mostly in negative territory as they closed on Wednesday, as investors struggled to make sense of the latest news from the ongoing trade tensions between the US and China.
FedEx drops as quarterly growth overseas and at key division underwhelm
International courier services and air freight giant FedEx reported a sharp drop in both sales and profits for its third quarter, blaming its weaker-than-expected performance on its international arm.
US pre-open: Stocks seen steady ahead of Fed announcement
US stock futures pointed to a broadly flat open on Wall Street on Wednesday as investors kept their powder dry ahead of the latest policy announcement from the Federal Reserve.
Pfizer buys 15% stake in French gene therapy company Vivet
US pharmaceutical group Pfizer has bought a 15% stake in Vivet Therapeutics and now has an exclusive option to buy out the rest of the privately-held French gene therapy company.
Google hit with €1.49bn fine for EU antitrust breaches
Google has been slapped with a €1. 49bn fine by the European Commission for breaking EU antitrust rules by abusing its market dominance in online advertising.
Bayer shares pummeled after ruling against firm's herbicide
Shares of Bayer were unwanted on Wednesday after a California jury issued a preliminary ruling against the German chemicals maker.
Toyota and Suzuki look to boost hybrid presence via global tie-up
Japan’s Toyota Motor Corporate and Suzuki Motor Corporation have unveiled plans for a wide-ranging collaboration, including jointly producing electric vehicles.
BMW shares slide on profit warning
Shares in BMW slid on Wednesday as the German car maker warned that 2019 pre-tax profit would be "well below" the previous year's level amid rising manufacturing costs and announced a new cost-savings plan.
Aeris Resources offers $575m for Glencore's CSA copper mine
Australian copper producer Aeris Resources has offered to buy Glencore's CSA copper mine in New South Wales for $575m.
US close: Mixed performance on the Street following confliction US-Sino trade news
Wall Street trading wrapped up on a mixed note on Tuesday as investors eyed the start of the Federal Reserve's two-day policy meeting and digested conflicting trade reports.