U.S. stocks rose slightly on Wednesday as China's move to ease trade tensions with the United States soothed investor nerves, while shares of Apple gained a day after the launch of its latest iPhones.
U.S. producer prices unexpectedly rose in August and underlying producer inflation rebounded, but the data on Wednesday did not change financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.
Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world's largest, two sources familiar with the matter told Reuters on Wednesday.
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new glut of crude.
There will be six global coordinators of the IPO, sources said.
Major Wall Street analysts loved Apple's refreshed product unveiling which featured a new lower cost iPhone.
Hong Kong Exchanges and Clearing made a surprise $39 billion takeover approach for the London Stock Exchange on Wednesday, aiming to sabotage the LSE's acquisition of data company Refinitiv and create a global trading powerhouse.
Britain's finance ministry has said it will scrutinize Hong Kong Exchanges and Clearing's attempted takeover of the London Stock Exchange, after the Asian bourse made a surprise $39 billion approach on Wednesday.
Holt Accelerator | Samah El Falah | Sep 11, 2019 Holt Deal Day event series are seeking senior representatives of financial institutions, or fintech investors and experts to attend Holt’s Deal Day, taking place at Vancouver (Sept. 20th), Toronto (Sept. 23rd), Waterloo (Sept. 27th), Montreal (October, 2nd). Don’t miss out on the opportunity to interact
The cuts represent about 3% of the bank's workforce and comes across all sectors.
Mexican President Andres Manuel Lopez Obrador said on Wednesday the U.S. threat of tariffs on Mexican goods has lessened, after his top envoy met U.S. President Donald Trump and other Washington officials to assess progress on reducing migration.
Facebook's Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws.
Here's a look at what cutting the Fed's target interest rate to zero could mean for your wallet.
As the Sino-U.S. trade war drags on, Beijing is throwing its door wide open to foreign investors as concerns grow over declining exports, capital flight and persistent yuan weakness.
"Negative rates, no. You don't want negative rates. That's just a sign that we're not a robust economy," says CNBC's Jim Cramer.