International News
US close: Markets rise as Fed keeps interest rates steady
Wall Street markets finished in the green on Wednesday, after the Fed decided to stand pat on interest rates, although it did pave the way for possible rate cuts going forward.
Federal Reserve keeps rates unchanged, Bullard dissents
The Federal Reserve kept rates on hold on Wednesday, but central bankers in Washington D. C. noted that "uncertainties" around the economic outlook had increased, with one rate-setter, James Bullard, breaking ranks and voting for an immediate 25 basis point reduction in the Fed funds rate.
US open: Investors play it safe ahead of Fed decision
An early timid advance on Wall Street on Wednesday quickly gave way to mixed trading ahead of the Federal Reserve's policy announcement later in the day, as investors decided that discretion was the better part of valour.
Apple allegedly urges suppliers to move output from China
Apple has asked its largest suppliers to consider the cost implications of shifting between 15-30% of their output from China to Southeast Asia, the Nikkei Asian Review reported on Wednesday.
US pre-open: Wall Street set for slightly higher start
Futures markets were pointing to a higher start for stocks on Wall Street on Wednesday, although investors were not expected to push their luck ahead of the Federal Reserve's policy announcement later in the day, especially given the proximity of the S&P 500's and Dow Imdustrials all-time highs.
Asia report: Markets rise on renewed US-China trade hopes
Markets in Asia were largely in the green as they closed on Wednesday, as investors reacted to some positive - but tentative - developments on the US-China trade front overnight.
German producer prices dip in May as energy costs drag
A decline in energy prices dragged dampened factory gate inflation in the euro area's largest economy last month.