Economic growth in developing Asian economies has so far weathered heightened trade tensions thanks to domestic demand but the region faces potential risks ahead if the US is forced to raise interest rates “beyond market expectations”, according to the Asian Development bank.

Equities were broadly higher and foreign exchange markets were steady ahead of the close of the Federal Open Market Committee’s two-day meeting on Wednesday where the Fed is expected to raise interest rates for the third time this year.

Chinese restaurant group Haidilao Hotpot hit a rolling boil on its trading debut in Hong Kong on Wednesday.

MSCI will consult on whether to raise the weighting it gives onshore Chinese equities to 20 per cent of free float-adjusted market capitalisation for its global indices, including its flagship emerging markets index.

Oil dipped from its highest in four-years in early Asia-Pacific trading on Wednesday, pulling back below $82 a barrel, despite expectations of a continued rally amid tightening supply in the market. 

Argentina’s central bank chief has resigned after just three months in the job, triggering a 5 per cent slide in the peso and hitting President Mauricio Macri’s attempts to restore investor confidence in the midst of a currency crisis.

Nike reported revenue and earnings that topped Wall Street forecasts in its first quarter thanks to continued sales momentum in its key market of North America and as efforts to boost its digital capabilities paid off.

US stocks wilted into the close on Tuesday as investors weighed comments from US President Donald Trump to the UN and hunkered down ahead of an interest rate decision from the Federal Reserve.

One of Snap’s longest-serving executives, communications chief Mary Ritti, is planning to leave Snapchat’s parent company at the end the year.

Hassan Rouhani, president of Iran, said the US was actively working to overthrow his government and refused any direct talks with the Trump administration.

Shares in Square hit a record high after the payments group said it was introducing a mobile app that would allow businesses to manage their payroll.

Keir Starmer, shadow Brexit secretary, won a standing ovation at the Labour conference on Tuesday when he said the party had not ruled out the possibility of another referendum on EU membership. 

President Donald Trump on Tuesday took aim at Saudi Arabia and its refusal to lead an increase in oil production, telling the UN that Opec members were “as usual ripping off the rest of the world”.

Oil’s four-year high helped pull the FTSE 100 to its best level in nearly a month, with BP and Royal Dutch Shell accounting for most of the daily gain.

Argentina assets fought back on Tuesday after falling sharply on the news that the country’s central bank chief had resigned after just three months on the job.

Italy’s ministry of transport has said that Atlantia’s Autostrade per l’Italia division failed to take necessary safety measures to avoid the collapse of a motorway bridge in Genoa in August that killed 43 people.

Turkish president Recep Tayyip Erdogan and Donald Trump spoke briefly on Tuesday morning at the UN, their first meeting since a bitter row between the two erupted over the fate of a detained US pastor.

Fifa has proposed a “landmark” reform package of football’s multibillion-euro transfer system, including proposals by the sport’s world governing body to diminish the power of player agents and bring order to the chaotic player trading industry.

UK prime minister Theresa May said a ‘no-deal’ Brexit would be better for Britain than any Canada-style agreement put on the table by Brussels, as it would threaten the unity and constitutional integrity of the United Kingdom.

Inspire Brands has agreed to buy Sonic for $2.3bn, including debt, in a move that would see the company add North America’s largest drive-in burger chain to its portfolio of fast-casual restaurant chains.

Barrick Gold’s merger with gold miner Randgold Resources has kindled hopes for further deals in the gold sector, boosting shares of rival miners on Tuesday.

US President Donald Trump on Tuesday took aim at Saudi Arabia and its refusal to lead an increase in oil production, telling the UN that Opec members were “as usual ripping off the rest of the world”.

Wall Street was struggling to keep its head above water on Tuesday, despite a push from energy and bank stocks.

The US has approved a $330m arms sale to Taiwan in another sign of Washington’s support for the government in Taipei amid rising Chinese pressure on the country.