Mining stocks hit two-year lows as a strong dollar loaded pressure on metals prices, which dragged the FTSE 100 to its lowest close since April. Miners such as BHP Billiton were hit hardest as weak Chinese data and spillover effects from Turkey’s currency crisis combined with reports that a strike might be averted at the world’s biggest copper mine, owned by BHP.
Shares in US video game makers sank on Wednesday, following Asian counterparts lower amid media reports that authorities in China, the world’s biggest gaming market, had halted approvals for new mobile games as the sector undergoes a broader bureaucratic overhaul.
Investors are digging into Chipotle on Wednesday, sending the fast-casual burrito chain’s shares to a two-and-a-half year high after receiving an upgrade from Morgan Stanley in hopes that its turnround is off to a solid start.
Condé Nast is to integrate the international and US teams that produce Condé Nast Traveller, one of its most popular titles, as it grapples with an uncertain environment for print magazines and the evolution to digital publishing.
Turkey is to free a prominent human rights activist after than more than 14 months in jail, a day after the country moved to ease relations with neighbouring Greece by releasing two Greek soldiers held on spying suspicions.
Corona beer maker Constellation Brands doubled down on its bet on the budding marijuana industry, pumping just under $4bn into a Canadian group that has sought to capitalise on the spreading legalisation of weed.
Tencent delivered a rare drop in net profit — almost unheard of for China’s tech titans — as the company’s cash engine of gaming was dented by a bureaucratic revamp that has effectively frozen licensing of new games since March.