Wall Street was back in the red on Wednesday as fresh political concerns weighed on risk appetite after US President Donald Trump threatened a government shutdown if Congress did not pay for his proposed border wall.
City Football Group, the parent company of Manchester City, has taken a major stake in Spanish side Girona, in a deal that extends the English Premier League club’s strategy of acquiring other football teams across the world.
Russia’s largest oil company Rosneft is due Rbs 136bn ($2.3bn) in compensation from private conglomerate Sistema, a court ordered on Wednesday, after ruling Sistema had stripped assets from an oil producer now controlled by Rosneft.
Bill Gates remains the richest tech billionaire in the world, fighting off competition from Amazon boss Jeff Bezos, who was briefly the world’s wealthiest person following a surge in the online retailer’s share price in July.
Shares in Game Digital rocketed on Wednesday after the company said it had ended its financial year with a stronger than expected balance sheet and announced new plans to focus its business on the rapidly-growing e-sports market.
Mexican retail sales unexpectedly ground to a near halt in June, dealing a blow to policymakers who have been counting on private consumption as a key pillar of support for the economy in recent months.
US stocks are set to break their two day winning streak on Wednesday, with futures pointing to a lower opening after President Trump injected fresh uncertainty into the markets by threatening to shut down the government and pull out of the North American Free Trade Agreement.
Lowe’s shares declined in pre-market New York trading after the US home improvement chain disclosed adjusted quarterly profits that missed expectations, contrasting with upbeat results from its bigger rival Home Depot.
EnQuest was among the biggest fallers on the FTSE all-share index in early trading on Wednesday after it took an axe to its full year production guidance, fuelled by disappointing volumes so far from its key oil field in the North Sea.
Inflation in South Africa fell further than expected for a second month in a row in July, supporting the central bank’s recent decision to cut interest rates in an effort to pull Africa’s most industrialised economy out of recession.
Economic activity in the eurozone has picked up in August after a disappointing July, with a strong performance in the manufacturing sector offsetting a slight decline in the services industry, according to a series of closely-watched surveys.