International News
US pre-open: Futures surge on vaccine hopes
Wall Street futures were sharply higher ahead of the bell on Wednesday following positive results from early trials of a coronavirus vaccine.
UK denies Trump influence on Huawei ban
A British minister said on Wednesday that US President Donald Trump had not influenced the government’s decision to ban Huawei from helping to develop the country's 5G network.
US industrial production extends recovery in June, factories lead
Industrial production in the US bounced back last month, led by sharp gains in manufacturing.
Goldman Sachs' Q2 beats forecasts on fixed-income boom
Goldman Sachs's second-quarter profit beat Wall Street expectations as the investment bank recorded its second-best revenue haul fuelled by a fixed-income trading boom.
Empire State index for July jumps past forecasts
A closely-followed gauge of factory sector conditions in and around New York state improved more quickly than expected in July as the pandemic situation improved.
Moderna Therapeutics leaps after full data for early Covid-19 vaccine trial
A Covid-19 vaccine candidate being trialled by Moderna Therapeutics triggered a significant antibody response, complete data from the tests published on Tuesday revealed.
Apple wins tax battle with EU and avoids $15bn payout
Apple won a 2016 legal case against the European Commission on Wednesday and will avoid the $15bn tax payout.
Catalonian towns return to lockdown after new Covid-19 outbreak
Some 160,000 people in the Spanish region of Catalonia returned to lockdown on Wednesday as authorities attempt to control a new wave of coronavirus infections in the area.
Petropavlovsk investor Everest demands independent inquiry
One of Petropavlovsk's leading shareholders has demanded an independent investigation into the company's dealings with its directors and senior managers in the latest stage of the battle over control of the Russian goldminer.
Europe close: Travel and technology issues pace losses
Travel and leisure, and technology issues weighed on Europe's main stockmarket gauges, although a positive start to the US second-quarter corporate reporting season helped to stem losses.
US open: Mixed start to trading following bank earnings
Wall Street stocks open mixed on Tuesday following key earnings reports from some of the US' biggest banks.
EU set to maintain travel restrictions with most third countries
The European Union will not expand its list of countries allowed restriction-free travel when officials meet for their bi-weekly review.
Wells Fargo tumbles into the red, slashes dividend
US bank Wells Fargo has slashed its dividend after lower interest rates and soaring credit provisions prompted a slide into the red.
Rigel Pharmaceuticals jumps on news of Imperical College Covid-19 study
Shares of US drug developer Rigel Pharmaceuticals shot higher on news that researchers at Imperial College were set to launch a clinical trial into the use of one of its existing treatments to help patients suffering from mild-to-moderate Covid-19 pneumonia from worsening.
Huawei tech in UK's 5G network to be stripped out by 2027
Prime Minister Boris Johnson has ordered that all Huawei technology in the UK’s 5G network must be taken down by 2027.
Citigroup tops estimates as trading revenues offset banking slowdown
Major US lender Citigroup posted better-than-expected second-quarter earnings on Tuesday as a surge in trading revenues helped offset a slowdown in its banking unit.
JP Morgan sets aside $10bn for potential defaults as second-quarter numbers beat forecasts
JP Morgan Chase & Co reported forecast-beating second-quarter numbers on Tuesday, after heightened market volatility delivered record trading revenues and helped offset a weaker performance in retail banking.
US core CPI edges past forecasts in June
The cost of living in the US increased slightly more quickly than anticipated amid broad gains in prices by categories.
Google pledges not to use Fitbit data for advertising
Google pledged to not use users’ health data from fitness tracker company Fitbit to help it target ads in a move designed to help it clinch Brussels's approval for the purchase.
Chinese imports and exports jump past forecasts in June
Chinese foreign trade moved up a gear in June, belying a strong domestic economy and overseas.
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