International News
Fed chairman sees risk of more persistent shortfall on inflation
US central bank chairman Jerome Powell signalled on Wednesday that the door was wide open to policy easing, telling lawmakers that there were increased risks bearing down on the US economy from overseas even as price pressures remained muted.
Europe close: Stocks slip despite dovish Fed
Stocks on the Continent finished lower despite a 'dovish' testimony by Federal Reserve chairman Jerome Powell before the US Congress, as the single currency gained on the back of his remarks and investors focused on his remarks.
Trump threatens to 'substantially' increase sanctions against Iran
Donald Trump took to Twitter on Wednesday, claiming that Iran was in violation of the "terrible" $150bn deal made by John Kerry during the Obama administration, accusing it of secretly "enriching" uranium.
US open: Stocks turn positive as Powell paves the way for rate cuts
Wall Street stocks turned positive following Federal Reserve chair Jerome Powell's testimony to the House Financial Services Committee.
Jefferies backs Boeing despite slide in deliveries
Jefferies has reiterated its ‘buy’ recommendation on Boeing, despite a slump in second-quarter deliveries that left rival Airbus poised to overtake the US company as the world’s biggest plane manufacturer.
Sir Kim Darroch steps down as US ambassador
Sir Kim Darroch, the British ambassador to the US, has resigned, the Foreign Office confirmed on Wednesday.
US pre-open: Dow futures point to fourth straight losing session
Wall Street futures were pointing to another loss-making session ahead of Federal Reserve chair Jerome Powell's testimony to the House Financial Services Committee later in the day.
Eurozone downgrades growth forecasts as global trade tensions rise
The European Commission has revised down its 2020 growth forecast for the Eurozone, blaming heightened global trade tensions and the threat of a no-deal Brexit.
Asia report: Most markets higher ahead of Powell testimony
Most markets in Asia finished higher on Wednesday, as traders eagerly awaited the start of Jerome Powell’s semi-annual testimony in front of the House Financial Services Committee in the United States.
French industrial output soars in May
French industrial output jumped in May on the back of increases across most sectors, leading some economists to revise their forecasts higher.
Trump and Xi talked by phone on Tuesday, no details reported
The Presidents of the US and China held a telephone call on Tuesday, the first since the G20 leaders' summit at the end of June.
Chinese CPI steady in June, factory gate prices ease
Consumer price inflation in the people's Republic of China was steady in June, despite a sharp rise in pork prices in the wake of the wave of Africa swine fever.