International News
Europe close: Investors dig in for protracted trade war
Stocks across are the Continent ended the day lower on Wednesday, tracking the losses seen overnight on Wall Street and in the wake of a surprisingly weak reading on the German jobs market.
Swiss officials open probe into possible bribes paid to foreign officials
Swiss authorities have kicked off an investigation against "unknown perpetrators" suspected of bribing foreign officials.
US open: Stocks head south as global growth and recession fears reappear
Wall Street trading started off on a sour note at the opening bell on Wednesday, with ongoing trade tensions feeding into concerns around the outlook for global growth, feeding the ongoing inversion in the US Treasury yield curve.
Trump wants deal with UK post-Brexit
US President Donald Trump wants to strike a trade deal with the UK post-Brexit his ambassador to London, Woody Johnson said on Wednesday.
Abercrombie & Fitch same-store sales disappoint
Clothing retailer Abercrombie & Fitch turned in weaker-than-expected same-store sales and announced its plans to shutter three more flagship stores on Wednesday.
Ethiopian Air pilot warned of Boeing 737 Max dangers before crash
An Ethiopian Airlines pilot told senior managers of his concerns about Boeing 737 Max jets months before the fatal crash that claimed he lives of all 149 passengers and eight crew on board earlier in the year.
ECB's Rehn sounds unusually 'dovish' note
A top European Central Bank official, whose views typically lean towards the more 'hawkish' side of the policy spectrum, sounded an unusually 'dovish' note.
US refrains from labeling China a currency manipulator
The US Treasury Department passed on the chance of labeling China a currency manipulator on Tuesday.
Morgan Stanley sees further upside for Airbus ahead of likely XLR 321 launch
Analysts at Morgan Stanley revised their target price for shares of Airbus higher ahead of a likely spate of important milestones for the aerospace engineer over the next 12 months, including the possible launch of its single-aisle A321 XLR.
US pre-open: Futures point to more losses amidst concerns over global growth
Wall Street futures were pointing to losses at the opening bell on Wednesday as ongoing trade tensions fed into concerns around the outlook for global growth.
Trade war could hit financial stability, warns ECB
The European Central Bank warned on Wednesday that weaker-than-expected growth and a possible escalation of trade tensions could trigger further falls in asset prices.
Aldi and Lidl continue to eat away at 'big four's' market share, Kantar says
Consumer spend on groceries held up well over the last few months, as shoppers continued to file their way towards discounters Aldi and Lidl even though temperatures failed to match 2018's record highs, the results of a closely-followed survey revealed.
German unemployment rate rises in May, claims surge
Germany’s headline unemployment rate rose in May, while unemployment claims unexpectedly surged amid a slowing economy, according to data released by Destatis on Wednesday.
ArcelorMittal to cut European steel production further
ArcelorMittal said on Wednesday that it was cutting steel production across Europe again as it continues to be hit by weak market demand and high import levels.