(RTTNews) - U.K. stocks rose on Wednesday, with sentiment helped by a weaker pound ahead of a U.K.-imposed Oct. 15 deadline for progress in Brexit negotiations. The pound was also weighed down by growing political wrangling over new Covid-19 restrictions.
A South African company part-owned by the government is in talks with the global COVID-19 vaccine distribution scheme and pharmaceutical companies to produce some of the vaccines the country needs to protect itself against the disease.
(RTTNews) - German stocks rose on Wednesday ahead of a speech by European Central Bank President Christine Lagarde, who is expected to reiterate the central bank's dovish stance as Covid-19 concerns continue to linger.
Rongsheng Petrochemical, the trading arm of Chinese private refiner Zhejiang Petrochemical, has bought at least 5 million barrels of crude for delivery in December and January next year in preparation for starting a new crude unit by year-end, five trade sources said on Wednesday.
BHP Group has received deferment requests from Chinese coal customers, chairman Ken MacKenzie said on Wednesday, after reports that China had put a freeze on accepting Australian coal imports amid trade tensions between the two countries.
The FTSE 100 rose on Wednesday, helped by a weaker pound and a clutch of upbeat corporate earnings, although growing political wrangling over new COVID-19 restrictions and uncertainty over a Brexit trade deal capped gains.
A top apparel industry watchdog has launched an investigation into underwear maker Jockey International's Indian partner Page Industries Ltd following allegations of human rights abuses at one of its factories, the watchdog told Reuters.
European shares held steady on Wednesday, underpinned by gains for Wall Street futures, following losses the day before on vaccine trials and a stimulus impasse, while the dollar was also stable.
(RTTNews) - Asian stocks fell broadly on Wednesday, with diminishing hopes for the passage of a U.S. coronavirus bill coupled with worries about the development of a Covid-19 vaccine keeping investors cautious.
Renewed worries about South Africa's bloated debt levels put the rand among the worst-performing EMEA currencies on Wednesday, while emerging market stocks fell as another COVID-19 vaccine delay hurt demand for risk-linked assets.
An Australian politician at the centre of a corruption probe told an inquiry on Wednesday that he had received envelopes full of thousands of dollars in cash at his parliament office as part of a scheme for Chinese nationals to fraudulently acquire visas.
China's coking and thermal coal markets are set to tighten over the remainder of 2020 as stringent import restrictions curb supply at a time of robust demand from heavy industry, and with the winter heating season about to kick in.
Russian Foreign Minister Sergei Lavrov said on Wednesday that Moscow disagreed with Turkey's position on the Nagorno-Karabakh conflict and that a military solution was unacceptable.
The rouble weakened on Wednesday ahead of government bond auctions which are usually seen as a gauge of investor sentiment towards Russian assets and can give the currency support.
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