Turkey revised its 2019 current account surplus up to $8 billion from a previously-announced $1.7 billion, the central bank said on Wednesday as part of a planned adjustment to calculations that could raise questions among investors and economists.
Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak.
London stocks jumped on Wednesday, following a four-day slump, after the Bank of England unexpectedly cut interest rates to shield the economy from the impact of the coronavirus outbreak.
Most major Gulf markets slipped in early trade on Wednesday as Saudi Arabia appeared to follow through with its promise to boost crude oil output amid a price war with Russia.
Dubai's DP World, one of the world's largest port operators, said on Wednesday full-year profit fell 8.3% and warned of risks to the near-term industry outlook as the coronavirus outbreak disrupts trade.
Taiwan's government said on Wednesday it would lodge a protest with a top U.S. university, Johns Hopkins, after it began listing the island as part of China on map detailing the spread of the new coronavirus.
China's central bank has placed caps on some interest rates financial institutions offer on high-yield structured deposits, according to a statement seen by Reuters on Wednesday, as Beijing guides lending rates lower to support economic growth.
Asian shares and Wall Street futures fell on Wednesday, as growing scepticism about Washington's stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally.
Knorr Bremse, a maker of braking systems for rail and commercial vehicles, said on Wednesday it would take a 60 million euro ($68 million) revenue hit in February due to the coronavirus epidemic in China.
South African lender Absa posted a 3% increase in full-year profit on Wednesday, but warned it would take longer to achieve its 18% to 20% return on equity (ROE) target as the economy splutters.
Uber Technologies Inc is considering temporarily suspending the accounts of riders and drivers who have tested positive for the coronavirus or have been exposed to it, CNN reported on Wednesday.
Indonesia's stock exchange tightened its trading halt mechanisms on Wednesday to trigger a cessation of the main stock index more quickly as it moves to protect against coronavirus and oil shock volatility.
(RTTNews) - Roche (RHHBY) said US FDA has approved CINtec PLUS Cytology as the first biomarker-based triage test for women whose primary cervical cancer screening results are positive for the human papillomavirus. The test identifies those women whose HPV infections are most lik
Malaysia has set itself a target of a month within which to resolve its trade dispute with India over palm oil, the southeast Asian nation's new commodities minister said on Wednesday.
The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses, as corporates curb travel plans in the wake of the coronavirus epidemic, an industry body said http://bit.ly/38HSMrG on Tuesday.
German specialty chemicals maker Lanxess said it expected its core profit to drop in 2020 as the global coronavirus outbreak looks set to hurt its supply and delivery chains.
Tokyo Disneyland will remain closed through early April instead of reopening next week, amid worries about the spreading coronavirus infections, operator Oriental Land Co Ltd said on Wednesday.
Africa's largest mobile network by subscribers, MTN Group Ltd, said on Wednesday its group chief executive, Rob Shuter, would step down from his role in March 2021, at the end of a fixed four-year contract.
Against the backdrop of the coronavirus epidemic and a looming global economic slowdown, big Japanese carmakers and electronics firms are tightening their belts in influential annual wage deals being hammered out with unions.
Reuters
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