International News
US close: Mixed session on the Street ahead of Trump-Xi meeting at G20
Wall Street stocks turned in a mixed performance on Wednesday ahead of a key meeting between Donald Trump and Chinese President Xi Jinping later in the week.
Trump attacks EU for sanctions on US tech companies
US President Donald Trump attacked the European Union for taking action against US tech companies such as Google and Facebook over antitrust issues.
European Commission opens antitrust investigation into Broadcom
The European Commission has opened a formal antitrust investigation into Broadcom in order to assess whether it is restricting competition through exclusivity practices, in breach of EU rules.
Chinese hackers compromised eight tech services giants, Reuters says
Cyber-criminals working for China's Ministry of State Security have broken into the networks of eight of the world's largest technology businesses in order to raid them for secret client information, according to a report from Reuters.
Blackberry on more secure footing as Cylance deal pays dividends
Blackberry has reiterated its full-year revenue guidance after the Canadian software company nearly halved its quarterly loss.
Tesco plans cashierless stores to compete with Amazon
The UK’s largest grocery chain Tesco is planning to introduce cashierless stores in the country in a move that would cut costs and make it the leader in self-checkout food retail.
General Mills shares slump after falling short of revenue estimates
Food maker General Mills saw its shares slump in early trading after falling short on quarterly revenues following a move away from snack foods in the US.
US open: Modest gains at the bell as US-Sino trade news boosts sentiment
Wall Street stocks carved out some modest gains at the open on Wednesday after Treasury Secretary Steven Mnuchin said the US and China were "about 90% of the way there" on a deal.
Brent jumps after DoE reports 12.8m barrel drop in weekly US oil inventories
US crude oil inventories shrank at an accelerated pace last week amid a sharp drop in net imports and higher demand from refineries.
JP Morgan Irish arm hit with €1.6m fine
The Irish subsidiary of US banking giant JP Morgan Chase & Co has been fined nearly €2m for regulatory breaches.
US durable goods orders shrink unexpectedly in May
Orders in the US for goods made to last more than three years, a key gauge of business investment, softened unexpectedly in May, amid drops in those for civilian and military aircraft.
US goods trade deficit widens unexpectedly in May, imports higher
America's shortfall in trade on goods with the rest of the world widened last month as imports rose more quickly than expected, contrary to expectations for declines in both exports and imports.
White House may suspend plans for next round of trade tariffs
Washington may not go ahead with another round of levies on Chinese exports while the two capitals are preparing to resume trade talks.
Asia report: Markets mixed in subdued trading after Powell comments
Markets in Asia were mixed in subdued trading on Wednesday, as investors digested the latest rhetoric from the US Federal Reserve chair, suggesting the central bank was taking a more hands-off approach to the prospect of interest rate cuts.
US pre-open: Futures surge as Mnuchin spies path ahead for trade talks
Stock futures surged ahead of the opening bell on Wall Street on Wednesday after Treasury Secretary Steven Mnuchin said the US and China had been "about 90% of the way there" on a deal.
Ikea gets permission to build 163 affordable homes in UK
The council of Worthing granted Swedish furniture company Ikea permission to build 162 affordable flats in a joint-venture with construction firm Skanska.
Ryanair changes share buyback to ensure EU ownership
Ryanair has tweaked the terms of a €700m share buyback programme to ensure it remains majority-owned by European Union investors in the event of a no-deal Brexit.
Bitcoin hits $12,900 as analysts spy all-time highs
Bitcoin’s price reached $12,900 for the first time since January 2018 on Wednesday following a furious 14% which has left speculators chomping at the bit in hopes of a further rally up to its 2017 highs or even further.
US Treasury Secretary sees "path" to completing US-China trade talks
American Treasury Secretary Steve Mnuchin on Wednesday sounded an upbeat note on the prospects for a US-China trade deal before the end of the year.
German consumer sentiment set to deteriorate in July
German consumer sentiment is set to deteriorate in July for the second time in a row, according to a survey from market research group GfK.