Germany seeks to assist potential bank merger: Bloomberg
Germany is holding high-level talks to facilitate a possible merger of the nation’s two largest private banks – Deutsche Bank and Commerzbank – Bloomberg reported on Wednesday.
Wall Street climbs 1 percent on trade optimism
U.S. stocks rose 1 percent on Wednesday, boosted by technology stocks, as a report about China planning to increase access for foreign firms added to optimism fuelled by President Donald Trump’s upbeat comments on trade.
U.S. not swayed by WTO reform proposals
Proposals for reforming the World Trade Organization fail to deal with problems raised by the United States, the U.S. envoy to the WTO told its General Council on Wednesday.
Stocks cheered by Trump trade talk; sterling springs off lows
Stock markets rallied on Wednesday as U.S. President Donald Trump sounded upbeat about doing a trade deal with China, while sterling jumped off 20-month lows as Prime Minister Theresa May vowed to fight a challenge to her leadership.
U.S. consumer prices flat; underlying inflation firm
U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs.
Incoming Thyssenkrupp board member Merz favorite for chairwoman: sources
Incoming Thyssenkrupp supervisory board member Martina Merz has emerged as favorite to become head of the steel-to-submarines conglomerate’s supervisory board, three people familiar with the matter told Reuters on Wednesday.
Intel plans ‘stacked’ circuits in bid to regain its chipmaking lead
Intel Corp said on Wednesday that it has developed a way to stack its computing circuits on top of one another in a bid to regain the lead in chip manufacturing technology that it has lost to rivals like Taiwan Semiconductor Co Ltd in recent years.
Futures extend gains on report China to increase access for foreign firms
U.S. equity futures added to gains on Wednesday after the Wall Street Journal reported that China was preparing to replace an industrial policy that will help increase access for foreign companies.
Futures point to strong start after Trump’s upbeat trade comments
U.S. stock futures rose about 0.7 percent on Wednesday, joining a global equities rally, as President Donald Trump’s encouraging comments fueled optimism over trade negotiations between the United States and China.
Washington takes center stage in bank branch battles
JPMorgan Chase & Co has made a splash this year in Washington, D.C. opening branches for the first time in the nation’s capital.
