Oil was mixed on Wednesday as worries about the impact of the coronavirus outbreak and swelling crude inventories in the United States weighed on prices, while talk that OPEC could extend oil output cuts provided support.
Global equity markets edged higher on Wednesday on strong results from Apple and others but concerns about the coronavirus outbreak in China dampened investor enthusiasm, keeping a safe-haven bid in gold and the dollar alive.
McDonald's Corp beat quarterly sales forecasts on Wednesday and said it would spend more on technology and research in 2020, as the world's largest burger chain bets on revamped stores and menu additions to lure diners and gain market share.
Boeing Co on Wednesday swung to its first annual loss since 1997 on mounting 737 MAX costs and indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.
Wall Street investment banks JPMorgan and Morgan Stanley have been placed on the Hong Kong Stock Exchange's "named and shamed" list after the $300 million initial public offering (IPO) of Chinese biotech company Akeso Inc. was sent back for not meeting the correct regulatory requirements.
Luxury eyewear group Italia Independent is hoping to borrow some of Cristiano Ronaldo's star appeal.
Warren Buffett's Berkshire Hathaway Inc agreed to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as its financial prospects deteriorated.
Oil prices were mixed on Wednesday as worries about the impact of the coronavirus outbreak on demand were offset by talk that OPEC could extend oil output cuts.
CNBC's Jim Cramer said the success of the new iPhone 11 is proof that Apple is still making desirable products.
Britain's decision to allow China's Huawei to have a role in its 5G networks does not affect the country's ability to securely share intelligence data, Prime Minister Boris Johnson's spokesman said on Wednesday.
Goldman Sachs CEO David Solomon is raising the bar for the bank's medium-term financial targets.
The BBC said on Wednesday it will axe 450 jobs from its news division in a cost-saving plan that will result in cuts at the World Service and its 5Live radio station and in fewer reports being made by analysis show Newsnight.
General Electric Co plans to slash 737 MAX engine deliveries to Boeing Co roughly in half this year but set higher cash target for 2020 as it reported quarterly profit and cash flow that beat analysts' estimates on Wednesday.
The U.S. Federal Reserve will end its latest policy meeting on Wednesday with interest rates likely on hold, adjustments to its balance sheet under discussion, and China's widening coronavirus outbreak posing an unexpected risk to the global economy.
U.S. stock indexes retreated from early highs on Wednesday as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors assessed the economic impact of the fast-spreading coronavirus outbreak.