International News
US open: Mixed start to trading ahead of Fed update
Wall Street trading got off to a somewhat mixed start on Wednesday as market participants awaited the latest policy announcement from America's central bank.
US Fed keeps rates unchanged, says inflation below target
Policymakers at the US Federal Reserve voted unanimously on Wednesday to keep policy unchanged, nodding to still "solid" labour market conditions, but pointing out that business fixed investment and exports remained weak and that its prefered measure of inflation continued to run below target.
FAA aware of risk of 737 Max crashes, reveals internal review
An internal investigation from the US Federal Aviation Administration has found that the regulator decided to allow the Boeing 737 MAX jet to keep flying despite being aware of the risks posed by the model.
Saudi Aramco jumps 10%, closes limit-up in stock market debut
Saudi Aramco shares rallied 10% on Wednesday in their debut on Riyadh’s Tadawul stock market giving the group a market value of nearly $1. 9trn.
US November CPI edges past forecasts on energy price gains
Higher energy prices last month saw the cost of living in the US accelerate last month to a one-year high.
IATA predicts airline profits to take off in 2020 after challenging year
The airline industry has trimmed its expectations for 2019 profits, dragged lower by weak economic growth and the US-China trade war, but is predicting a stronger 2020.
Huawei CFO wins Canada legal battle to see more evidence on her arrest
The lawyers of Huawei’s chief financial officer, Meng Wanzhou, won a legal battle in Canada's courts on Tuesday to be given access to more documents regarding the reasons behind her arrest.
Home Depot's 2020 sales forecasts fall short of expectations
US home improvement retailer Home Depot told investors on Wednesday that it expects its 2020 full-year sales growth to come in below Wall Street expectations - just three weeks after cutting its 2019 guidance for revenues.
US pre-open: Stocks seen muted as investors await Fed update
US futures were pointing to a muted open on Wednesday as market participants awaited the latest policy announcement from the Federal Reserve.
Amazon investment in Deliveroo raises ‘serious’ concerns, CMA says
Amazon’s investment in online food delivery service Deliveroo could be referred for an in-depth investigation, the UK Competition and Markets Authority said on Wednesday, as it highlighted "serious" competition concerns.
Credit Suisse downgrades profitability targets, announces buyback
Credit Suisse announced a CHF1. 5bn share buyback on Wednesday as it downgraded its profitability target for this year and the next.
TUI signals lower dividends under new payout policy
TUI said its dividend payouts were likely to be lower under a new capital allocation policy that takes effect in the current financial year.
Asia report: Markets mixed ahead of Fed interest rate decision
Markets in Asia closed in a mixed state on Wednesday, as investors closed their pocket books ahead of the Federal Reserve’s latest interest rate decision, due later in the global day.
Takeaway.com accuses Protus of bidding for Just Eat 'on the cheap'
The boss of Takeaway. com has rejected what he says are misleading claims made by Prosus in an attempt to buy Just Eat "on the cheap" as the companies battle to acquire the UK food delivery service.