The renminbi slipped to its lowest since January 2017 on Thursday after a decision by the US Treasury to not label China a currency manipulator.

A handful of the world's largest banks - ANZ, Banco Santander, BNP Paribas, Citi, Deutsche Bank, HSBC and Standard Chartered - have agreed to build a digital trade information platform in the hopes of grabbing an unaddressed $1.5tn gap in the coverage of the global trade finance industry.

Asia-Pacific equities were on uneven footing on Thursday after Wall Street’s rebound from last week’s global equity rout slowed.

The Bank of Korea held interest rates steady on Thursday as expected and for the twelfth month running.

Japan’s exports fell for the first time in close to two years in September, with shipments to major trading partners including both the US and China contracting as the Trump administration pushed for Tokyo to enter bilateral trade negotiations.

The US Treasury has again declined to label China a currency manipulator, but reiterated its concerns about recent weakness of the renminbi as the two countries spar over trade relations.

Two former Deutsche Bank traders were found guilty on Wednesday for their role in rigging the Libor benchmark rate.

The Tory leadership has issued a warning to MPs not to try to issue amendments to the central Brexit vote in the House of Commons in the coming weeks.

Constellation Brands announced Rob Sands will be stepping down from his role as chief executive at the brewer behind Corona beer.

Alcoa, the US aluminium group, has reported earnings above analysts’ expectations for the third quarter, sending its depressed share price more than 5 per cent higher in after-market trading.

An attempted recovery by Wall Street wilted in afternoon trade after minutes from the Federal Reserve’s September meeting showed the central bank staying on course with plans for higher interest rates.

The president of the European Parliament has said Theresa May offered nothing “new in content” during her address to EU27 leaders in Brussels tonight.

Wall Street eased and Treasury market remained soft following the release of the minutes from the Federal Reserve’s September meeting, which revealed the central bank planned to push ahead with further interest rate increases.

Federal Reserve policymakers said they will forge ahead with further rises in interest rates, with some talking of pushing borrowing costs into restrictive territory, as the central bank seeks to prevent inflation from overshooting its target.

Theresa May has invited 150 chief executives to take part in a conference call on Friday to brief them on the status of Brexit negotiations.

Wall Street was clawing its way back into positive territory ahead of the release of the minutes from the Federal Reserve’s most recent policy meeting.

Shares in Caesars Entertainment jumped more than 14 per cent on Wednesday after Tilman Fertitta, owner of the Golden Nugget casino chain, had proposed a combination with the Las Vegas company behind Caesars Palace.

The world’s biggest mining company BHP Billiton has cut its copper production target for 2019 as it continued to grapple with problems at its giant Olympic Dam deposit in Australia.

Carrefour, the world’s second-largest retailer by revenues, said on Wednesday after market close that sales accelerated slightly in the third quarter, driven by performance in Brazil.

US authorities have arrested a senior Treasury adviser and charged her with leaking secret bank filings relating to Donald Trump’s former campaign manager and the Russian embassy.

Theresa May has said a Brexit deal is “achievable” as she prepares to address EU27 leaders during a summit in Brussels tonight.

One of the US’s most senior trade officials has hit out at the European Commission for not living up to commitments it made in July to drive forward trade talks, saying they risked exhausting the patience of US president Donald Trump.

A fragile trade peace between the US and EU was at risk of collapse on Wednesday after the Trump administration and European Commission accused each other of undermining a White House deal reached in July.

Oil was on track to end a three-day winning streak with a thud, with prices down more than 2 per cent on Wednesday and at their lowest level in almost a month.