Most Asian currencies were weaker on Wednesday, with losses concentrated in the Chinese yuan and Thai baht, as investors stayed on the sidelines ahead of likely hawkish posturing by the U.S. Federal Reserve at a symposium in Jackson Hole this week.
(RTTNews) - European stocks look set to open on a sluggish note Wednesday as weak U.S. data released overnight raised worries that a recession may indeed be on the way.
South African food services company Bid Corp Ltd (Bidcorp) posted a 77% jump in full-year earnings on Wednesday, buoyed by strong demand in Europe and UK during the summer.
Malaysia's palm oil futures rose for a fourth straight session on Wednesday, tracking gains in soy oil prices amid concerns over weak U.S. output, while investors awaited domestic export data for further cues.
Shares of India's NDTV Ltd jumped 5% to their highest in 14 years on Wednesday, a day after billionaire Gautam Adani's conglomerate said it was seeking a majority stake in the media group that runs three channels.
(RTTNews) - Roche (RHHBY) announced CE label expansion of the VENTANA PD-L1 (SP263) Assay in non-small cell lung cancer or NSCLC as a companion diagnostic for Tecentriq (atezolizumab).
China's yuan weakened sharply against a stronger dollar on Wednesday, amid worries about a domestic economic slowdown and further aggressive rate hikes by the Federal Reserve.
England's white-ball captain Jos Buttler said he is hopeful he can fully recover from a calf injury and hit top gear in time for this year's Twenty20 World Cup in Australia.
Japan lowered its gasoline subsidy for oil distributors to 32.4 yen (23.7 cents) a litre for the seven days from Thursday, versus 33.8 yen a week earlier, the industry ministry said on Wednesday.
As top policymakers gather for the Kansas City Federal Reserve's annual monetary policy conference in Jackson Hole, Wyoming, the U.S. central bank looks like it might manage a "soft landing" for its own economy, but the outlook for Europe is far more worrying.
Investors are bracing for the Federal Reserve to double down on its commitment to crushing inflation, and expect its chair Jerome Powell at the annual central bank gathering in Wyoming this week to deliver an aggressive tightening message and dash hopes for a rate cut next year.
Indian government bond yields were higher on Wednesday as the Brent crude contract hovered around $100 per barrel, feeding into concerns over a surge in inflation.
(RTTNews) - The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert for Perdue Foods LLC's frozen ready-to-eat or RTE chicken breast tenders "gluten free". The products were sold through BJ's Wholesale Club retail locations
Shares of India's NDTV Ltd rose as much as 4.99% to their highest in 14 years, a day after billionaire Gautam Adani's conglomerate said it seeks to control a majority stake in the television media company.
Hong Kong shares fell to a three-month trough on Wednesday while mainland China stocks touched two-week lows, weighed down by concerns about a slowdown in the world's second largest economy.
Commodity trader Noble Group Ltd will pay a S$12.6 million ($9.03 million) penalty for releasing 'misleading' information in its financial statements between 2012 and 2016, the Monetary Authority of Singapore said on Wednesday.
Fox Corp CEO Lachlan Murdoch has filed a defamation lawsuit against an Australian news site over an opinion piece he says accused him of being complicit in the Jan. 6 attack on the U.S. Capitol by supporters of former President Donald Trump.
The U.S. dollar steadied just below recent peaks on Wednesday, as investors waited to hear from the Federal Reserve and pondered whether weak U.S. data may slow the pace of rate hikes.
India's Alteria Capital Advisors is in talks with investors to raise up to 35 billion rupees ($438 million) for its third debt fund, according to internal documents reviewed by Reuters.