14h01 Mexico's incoming government
will soon inherit a costly dilemma over an ethane supply
contract between national oil company Pemex and a consortium led
by a unit of Brazilian builder Odebrecht.. . .
13h36 South Africa's retail sales
rose in August as household goods, clothing and cosmetics grew,
data showed on Wednesday, with recovering consumer spending a
sign the economy is climbing out of a recession that has. . .
13h33 China's new bank loans rebounded
in September after dipping in the two previous months, central
bank data showed, but overall credit conditions stayed tight in
an economy chilled by an ongoing tariff war with. . .
13h33 China's economy faces increasing
downward pressure, and the government will take targeted
measures to prevent large fluctuations in growth, Premier Li
Keqiang said while on a trip to Europe.. . .
13h32 The dollar rose for a second
consecutive day on Wednesday as firmer stock markets fuelled
demand for the greenback, though the release of U.S. Federal
Reserve minutes later in the day kept gains in. . .
13h30 U.S. sanctions targeting Russia's
nascent high tech industry have caused a Russian microchip
company significant financial woes and delayed the launch of an
initiative meant to produce substitutes for Western products,
the firm's owner said.. . .
13h22 Danske Bank, reeling from a
money laundering scandal, suffered another setback on Wednesday
when the Danish financial regulator rejected its candidate for
chief executive on the grounds that he lacked sufficient
experience.. . .
13h13 Japan's Daido Life Insurance plans
to increase its holdings of stocks and foreign corporate bonds
in the second half of its financial year to March, a senior
company executive said on Wednesday.. . .
13h10 A hard Brexit could ground UK
flights for up to three weeks but would be survivable for
Ryanair, the Irish budget airline's CEO Michael O'Leary
said ahead of a meeting of European Union leaders. . .
12h52 Better-than-forecast Chinese
lending data which signalled solid economic growth helped to
lift copper prices on Wednesday, but gains were limited by signs
that a supply squeeze in China was receding.. . .
12h46 Indonesia's state-owned miner
Inalum is looking to finalise a $3.85 deal for majority control
of the local unit of global mining giant Freeport McMoRan Inc
in December, a company official said on Wednesday.. . .
12h40 China's commerce ministry said
on Wednesday its safeguard measures on sugar imports are in line
with World Trade Organisation rules, in response to Brazil's
opening of a consultation process at the trade body over
Beijing's. . .
12h24 Tesla Inc has signed an
agreement with the Shanghai government for an 860,000 square
metre plot of land to build its first overseas Gigafactory, the
electric carmaker said in a Chinese social media post. . .
12h16 Vietnam could recall an order that
goes into effect on Nov. 1 that requires companies to re-export
wheat cargoes containing cirsium arvense seeds, known as Canada
thistle, the government said on Wednesday.. . .
12h15 Goldman Sachs analysts said
slowing car demand in China and new fuel consumption regulations
were hurting investors' sentiment towards European autos stocks
and warned this results season could be challenging, hitting
shares in the sector. . .
12h06 Central European currencies
gave up some of their recent gains on Wednesday while government
bonds firmed slightly as an equities rebound driven by global
trends also lost some steam.
Regional stock. . .
12h05 Most Southeast Asian stock markets closed
sharply higher on Wednesday, as strong overnight gains on Wall
Street boosted Asian equities across the board.
U.S. stocks surged more than 2 percent. . .
11h57 Oil prices steadied after three
days of gains on Wednesday after industry data showed a surprise
decline in U.S. crude inventories and tension over the
disappearance of a prominent Saudi journalist stoked supply
worries.. . .
11h52 A responsible investment non-profit
organisation said on Wednesday it aims to develop a blockchain
tool to track companies' sustainable commitments, to help
identify those not keeping up with their ethical credentials.. . .
11h42 The potential for British online
fashion retailer ASOS is "huge" as the shift to
internet shopping accelerates, the company said on Wednesday,
sending its shares soaring as it beat profit forecasts and
flagged years of. . .
11h36 Danske Bank,
reeling from a money laundering scandal, suffered another
setback on Wednesday when the Danish financial regulator
rejected its candidate for chief executive on the grounds that
he lacked sufficient experience.. . .
11h33 Dutch paints and coatings
maker Akzo Nobel improved its third quarter operating
profit by some 8 percent despite the impact from raw material
inflation, which it said on Wednesday had peaked.. . .
11h30 British inflation fell more than
expected in September to a three-month low, offering some relief
to consumers who have been squeezed financially since the Brexit
Consumer prices rose at an. . .
11h25 The British pound weakened on
Wednesday after inflation fell more than expected in September,
easing a squeeze on consumers, who are also seeing the strongest
wage growth for workers in a decade according to. . .
11h20 British housebuilder Crest Nicholson
cut full-year profit expectations on Wednesday, blaming
a weakening property market in London and southern England, and
said its finance chief was leaving, sending its shares sharply
lower.. . .
11h13 Statements by the United States
that it would reduce Iran's oil exports to zero are a "political
bluff", the head of state-run National Iranian Oil Company
(NIOC) said, according to a report published by. . .
11h09 The Philippines' competition
watchdog fined ride-hailing firms Grab and Uber Technologies on
Wednesday, saying they consummated their merger too soon and
that the quality of service dipped, becoming the second
regulator in the region to. . .
11h01 Forecast-beating U.S. company
earnings improved the mood on world equity markets on Wednesday,
as Asian and European shares put aside concerns on global growth
and trade and took their cue from Wall Street's best. . .
10h59 The Spanish government has
decided not to deliver the permits necessary to open the
European Union's only open-cast uranium mine near Salamanca,
dealing a serious blow to Australian mining company Berkeley
Energia's plans.. . .
10h41 Semiconductor industry
bellwether ASML Holding NV's better-than-expected
third quarter results and bullish outlook gave sector stocks a
boost on Wednesday after fears of slackening demand had dragged
them down in recent months.. . .
10h39 Power generator ContourGlobal Plc
said on Wednesday it was in talks with Spanish utility Iberdrola
SA over a potential deal to buy the Milan-listed
company's 50-megawatt solar power plant in Spain.. . .
10h29 Slacker demand for baby food in
China and a consumer boycott in Morocco slowed third-quarter
sales growth at Danone, although the French food group
said it was sticking to its earnings growth targets.. . .
10h24 Shares in Germany's Fresenius
Medical Care were poised to mark their biggest ever
one-day drop after the group cut its earnings target for the
year, citing slower growth in dialysis services in North
America, its. . .
10h16 Demand for online courses and
virtual schools helped British education publisher Pearson
to overcome weaker textbook sales in the United States
and remain on track for a return to profit growth in 2018.. . .
10h16 China's total social financing
(TSF), a broad measure of credit and liquidity in the economy,
rose to 2.21 trillion yuan ($319.08 billion) in September from
1.52 trillion yuan in August, data from the central. . .
10h00 Financial technology startups
and other new entrants are making inroads in the U.S. banking
market, but have yet to capture a threatening share of bank
revenues, according to research published by Accenture Plc
on Wednesday.. . .
09h56 Roche's third-quarter
revenue beat analysts' forecasts as new drugs such as Ocrevus
for multiple sclerosis picked up pace and as China bought more
of older medicines whose sales are dropping elsewhere following
patent expiries.. . .
09h42 Germany's BGA trade association
has lowered its forecast for export growth this year to 3.5
percent from 5 percent previously, citing weaker demand from
abroad in light of rising trade tensions and Britain's departure
from. . .
opened a $3.4 billion chemicals plant on Wednesday built by
Japan's TOYO Engineering and South Korea's LG
International and Hyundai Engineering, in a bid to
diversify an economy dependent on gas exports.. . .
09h21 A European Union decision to
ramp up trade pressure on Cambodia has alarmed unions in its
garment industry, a pillar of the economy that employs about
700,000 people, but a key grouping of manufacturers. . .
09h18 Rathbone Brothers' benefitted
from its purchase of Scottish peer Speirs & Jeffrey in the third
quarter but results on Wednesday showed growth elsewhere in the
London-based investment manager's business stagnating.. . .
09h16 China stocks managed closed
firmer on Wednesday, aided by gains in shares of infrastructure
and utilities firms.
** The blue-chip CSI300 index ended 0.6 percent higher
at 3,118.25 points while the Shanghai Composite Index
also gained. . .
09h04 Round-up of South Korean financial
** South Korea's KOSPI stock index ended higher on
Wednesday tracking Wall Street as upbeat U.S. earnings boosted
investor sentiment. The won edged higher while bond yields fell.. . .
08h58 Rail travellers in and out of
London faced disruption on Wednesday after damage to overhead
power lines stopped trains running between the British capital
and Heathrow Airport and destinations in the west of the
country.. . .
08h20 It would not hurt Europe if
Britain was allowed to remain in the European Union customs
union and internal market beyond an agreed transitional
arrangement, Luxembourg Foreign Minister Jean Asselborn said.. . .
08h00 Volkswagen Group, Fiat
Chrysler and Renault led a 23.4 percent
European car sales decline in September, the main regional
industry body said on Wednesday, as automakers continued to
suffer from the introduction of tougher new. . .
07h55 Malaysian biodiesel
production is likely to hit record levels this year and next,
with 2018 exports on track to double from 2017, pushed up as
higher oil prices boost the appeal of biofuels, the. . .
07h51 Most Asian currencies strengthened on
Wednesday as an uptick in U.S. stocks and a decline in U.S.
yields reduced investors' aversion to riskier assets.
The South Korean won consolidated early. . .
07h49 Prospects for a new treaty
cementing ties between Switzerland and the European Union, its
biggest trading partner, appeared to fade on Wednesday as four
years of negotiations failed to produce a breakthrough by the
EU's. . .
07h45 China will not allow gambling or
horse-racing in the southern province of Hainan, a newspaper
controlled by the provincial government reported on Wednesday,
citing comments from Hainan's communist party chief.. . .
06h52 China's yuan weakened on
Wednesday, shrugging off a stronger midpoint fixing from the
country's central bank, as the dollar steadied from overnight
losses and as market indicators backed investor views of
continued yuan weakness over. . .
06h37 Australia's financial regulator
said on Wednesday top banking executives will be held to a
higher standard of personal accountability under new rules
introduced, as the scandal-hit sector comes under intense
scrutiny.. . .
06h16 The crude oil
price appears firmly in the hands of geopolitical concerns, with
veiled Saudi threats over the disappearance of a journalist and
the ramping up of U.S. sanctions against Iran getting most of
the. . .
06h05 China stocks were little
changed on Wednesday, with gains in infrastructure and utilities
firms offset by losses in consumer and healthcare companies.
** The CSI300 index was unchanged at 3,101.53 points
at the end of. . .
06h01 Even as crude prices hover near
four-year highs, U.S. oilfield service firms' third-quarter
results due out in coming days will reflect a shaky recovery, as
their customers face drilling constraints and pressure to hold
down. . .
05h46 SoftBank Group
Chief Operating Officer Marcelo Claure said on Tuesday it is
"business at usual" at companies backed by its nearly $100
billion Vision Fund despite a tense situation with Saudi Arabia,
which provided nearly. . .
04h37 Japan's Nikkei share average
hit a six-day high on Wednesday, continuing its recovery
from last week's sharp downturn with technology stocks supported
by a turnaround in their Wall Street peers.. . .
03h37 Australian shares rose the most in over
three months, spurred by a Wall Street rally thanks to upbeat
U.S. corporate earnings led by Netflix Inc in
after-hours trade and robust economic data.. . .
03h09 Investors are betting
that the powerful forces of easier monetary policy at home and
unrelenting gains in the U.S. dollar will push China's yuan
down, even as Beijing categorically insists that it isn't
pursuing currency. . .
02h36 Claims that China is trying to
devalue the yuan to boost exports are "total rubbish", a former
advisor to China's central bank was quoted as saying by the
official English-language China Daily newspaper on. . .
02h01 European Union
leaders will give British Prime Minister Theresa May a tough
reception in Brussels on Wednesday, warning her to rally support
at home for the Brexit deal on offer or be cut loose. . .
01h56 Argentina's central bank
issued a fresh batch of publicly-traded, short-term notes on
Tuesday in an bid to chip away at its year-end repayment
obligations, which have contributed to concerns over the
country's ability to service. . .
01h30 Humming away in an
industrial estate in the eastern Chinese resort city of
Hangzhou, electric vehicle designer Automagic is one of hundreds
of companies looking to ride the country's wave of investment in
clean transportation.. . .
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