Asia stocks track Chinese gains, pound finds a floor
Stocks followed a firmer Chinese lead on Wednesday after a report showed growth in the country’s service sector accelerating despite broader economic headwinds, while the pound halted its decline on hopes a no-deal Brexit may yet be averted.
Oil prices recover some ground, but economic concerns weigh
Oil prices recovered some ground on Wednesday after touching their lowest in close to a month during the previous session on concerns that a weakening global economy could depress demand.
Asia stocks bounce on firmer Chinese lead, pound steadies
Asian stocks bounced on Wednesday, led by Chinese markets after a report showed growth in the country’s service sector accelerating despite broader economic headwinds, while the pound halted its decline on hopes a no-deal Brexit may yet be averted.
Japanese automakers’ sales fall in South Korea amid consumer boycott
Japanese automakers posted sharper sales falls in South Korea in August, industry data showed on Wednesday, hit by a consumer boycott of Japanese vehicles amid a worsening diplomatic row between the countries.
Global regulator discrepancies over Boeing 737 MAX worry IATA
The head of the International Air Transport Association (IATA) warned on Tuesday that any discrepancy among global regulators over reapproving Boeing Co’s 737 MAX for commercial flight could set a worrying precedent for future aircraft programs.
‘Flight shaming’ threatens air travel demand beyond Europe: IATA chief
This summer, U.S. airlines have enjoyed booming flight demand, immune to a Swedish-born “flight shaming” movement that has hit air travel in Europe, where environmentally conscious travelers are choosing trains over planes.
Walmart halts ammunition sales for assault-style rifles; Kroger calls for gun safety
Walmart Inc, the nation’s largest retailer, said on Tuesday it would stop selling ammunition for handguns and some assault-style rifles in all its stores across the United States, and called for action on gun safety after a string of mass shootings, in…
Asia stocks dip after poor U.S. data stokes recession fears
Asian stocks dipped early Wednesday after poor U.S. economic data stoked global recession fears and further soured investor sentiment already hurt by heightened trade war concerns.
To cut or not? Dueling Fed views boost pressure on Powell
The Federal Reserve should use its meeting in two weeks to aggressively cut interest rates, one U.S. central banker said on Tuesday.
ECB back to easing again, but inflation still not in its grip: Reuters poll
The European Central Bank will cut its deposit rate next week and announce a restart of its asset purchase program, but over 80% of economists polled by Reuters were skeptical about the bank’s ability to influence inflation over the medium term.
