Global stock markets were lacklustre on Wednesday, while the dollar stayed strong, as market optimism about early U.S. interest rate cuts ebbed and the latest escalation of hostilities in the Middle East weighed on sentiment.
A number of online travel agents stopped selling Ryanair flights in early December following legal and regulatory pressure, but the move is not expected to materially affect full-year profit, the Irish airline said on Wednesday.
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power shortages in over a decade and slash rising generation costs.
(RTTNews) - Atos, a European multinational information technology service and consulting company, said Wednesday that it will open due diligence talks with Airbus for a potential sale of its entire big data & security or BDS unit.
Most major stock markets in the Gulf fell in early trade on Wednesday, tracking Asian shares lower as market optimism about early and aggressive U.S. interest rate cuts ebbed ahead of the release of Fed minutes and jobs data.
The Russian rouble weakened on Moscow's first trading day of 2024 on Wednesday, sliding towards the 92 mark to the dollar and away from the one-month high reached at the end of last year.
British supermarket winners at Christmas were German-owned discounters Aldi and Lidl, No. 2 player Sainsbury's, and market leader Tesco, according to industry data published on Wednesday.
Venezuela has agreed to give India's ONGC Videsh some oil in lieu of the company's pending dividend for a stake in a project in the South American nation, India's oil secretary said on Wednesday.
South Korea's opposition Democratic Party leader Lee Jae-myung remained hospitalised in intensive care on Wednesday, a day after a knife attack on him shocked political leaders who were vying for the upper hand in a major election three months away.
The dollar eased slightly on Wednesday though it stayed near a two-week high, underpinned by a confluence of factors including elevated U.S. Treasury yields and a cautious turn in risk sentiment that weighed on Wall Street.
India's Supreme Court on Wednesday ordered the country's markets regulator to complete an investigation into Adani Group within three months and rejected a request for the probe to be transferred to an independent agency.
The Taiwan Flour Millers' Association has issued an international tender to buy an estimated 82,975 metric tons of grade 1 milling wheat sourced from the United States, European traders said on Wednesday.
Shanghai-based property developer CIFI Holdings said on Wednesday it has proposed five options with different maturity extensions and haircuts to its bondholders in an effort to restructure its $7 billion offshore debt.
Asian shares extended a global sell-off on Wednesday, while the dollar held gains, as market optimism about early and aggressive U.S. interest rate cuts ebbed ahead of the release of Fed minutes and jobs data.
The arms race across the Taiwan Strait and Chinese military pressure against the island Beijing claims as its "sacred" territory is unlikely to end no matter who wins Taiwan's closely watched elections.
Chinese money managers are rushing to create funds tracking the newly-launched CSI A50 Index, which analysts say is a better reflection of China's economic landscape and government priorities than the country's stock benchmarks.
Australian shares fell more than 1% on Wednesday in their worst session since mid-October, led by heavyweight mining and banking stocks, as Asian markets extended a global sell-off on fading optimism about early and aggressive U.S. interest rate cuts.
Indonesian President Joko Widodo on Wednesday proposed to boost fertiliser subsidies by 14 trillion rupiah ($904 million) as the country aims to increase rice output that was hit by the El Nino weather pattern last year.
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