International News
US close: Dow closes lower ahead of high-level trade talks
US stocks turned in a mixed performance on Wednesday as market participants began to look ahead to face-to-face talks between American and Chinese negotiators next week.
US DOJ targets tech giants in antitrust probe
The US Department of Justice is opening an antitrust review into major technology firms such as Amazon, Apple, Facebook and Google to control the reach of their power and complaints of unlawful detriment of competitors.
Europe close: Markets finish slightly higher amid weak eurozone data
European shares finished with their heads just above water on Wednesday, as weak eurozone PMI data and poor results from Deutsche Bank and online gambling firm Kindred weighed on sentiment.
Uber and rival Ola circling London minicab giant Addison Lee
The two ride-hailing rivals Uber and Ola are among a "handful" of parties that are interested acquiring minicab firm Addison Lee Group, according to a Sky News report on Wednesday.
Boeing swings to largest quarterly loss as 737 MAX groundings create headwinds
Aerospace giant Boeing reported a record second quarter loss of $2. 94bn as the effect of the 737 MAX jetliner groundings took hold.
US open: Mixed start to session as trade talks return to focus
US stocks were mixed in early trade on Wednesday as market participants began to look ahead to face-to-face talks between American and Chinese negotiators next week.
US and China expected to rekindle trade negotiations
United States negotiators are expected to travel to China next week, it emerged on Wednesday, as the two nations re-enter discussions for another attempt to end their long-running trade war.
Nissan plans to cut 10,000 jobs worldwide
Carmaker Nissan announced plans to cut more than 10,000 jobs globally on Wednesday, doubling the layoffs it previously announced in May.
Asia report: Markets finish higher on renewed US-China trade hopes
Markets in Asia finished mostly higher on Wednesday, on renewed hopes that the ongoing trade war between the United States and China could be inching closer to a resolution.
US pre-open: Futures point to losses as investors look ahead to US-China trade talks
Wall Street futures pointed to losses at the open on Wednesday as market participants began to look ahead to face-to-face talks between American and Chinese negotiators next week.
Facebook set to pay $5bn in privacy settlement
The Federal Trade Commission will reportedly announce on Wednesday that Facebook has agreed to a $5bn settlement over allegations it mishandled user privacy.
Eurozone manufacturing growth eases in July
The eurozone manufacturing sector saw its steepest drop in production in July since April 2013, according to data released on Wednesday.
German manufacturing sector suffers worst performance for seven years
The German manufacturing sector suffered its worst performance in seven years in July, with new orders falling at the fastest pace in a decade amid weakness in China and the automotive sector, according to data released on Wednesday.