According to the Lotte group spokesman, South Korean prosecutors are asking a four-year prison term for their chief Shin Dong-bin. In addition to that, they demand a 25-year jail time for South Korean ex-president's friend Choi Soon-sil.
Japan's Rakuten is set to apply for a 4G license, in a bid to become the fourth largest wireless carrier in Japan, while analysts warned over an uphill battle to get consumers.
The People's Bank of China hiked interest rate just after the Fed increased its benchmark, as China sought to avoid capital outflows instability without hurting economic expansion.
Airbus CEO said that the company was considering cuts of A380 superjumbo jets production up to seven planes per year, but no final decision was made.
Britain's Prime Minister Theresa May urged leaders of the EU to accept an agreement to enter the second phase of Brexit negotiations on Thursday.
The World Bank raised 2017 growth projection for the Malaysian economy to 5.8%, the strongest yearly expansion in four years, buoyed by improved job market and soaring domestic demand.
The Markit/Nikkei Manufacturing PMI for Japan increased to 54.2 in December, indicating the strongest activity growth in nearly four years, supported by a rise in new orders.
Real estate investment in China increased 7.5% in January-November from the similar period a year ago, slowing from a 7.8% rise in the first ten months of the year, official report stated.
The UK house prices were unchanged in a three months period to November for the first time since March 2013, as prices' decrease in the area of London dragged the country's average.
On Wednesday, the Finance Ministry of Mexico and the state's Central Bank said cryptocurrencies were dodgy investments and warned that ICOs could be a crime.
According to sources with knowledge on the matter, Delta Air Lines may place an order for 100 Airbus A321neo planes, as the company seeks to narrow the order gap with Boeing.
The President of Brazil Michel Temer said on Wednesday that the state's economy might suffer in case the social security reform bill is not passed by the Congress.
The Federal Reserve increased the federal funds rate by 0.25% to a target range of 1.25%-1.50%, though still left the 2018 policy outlook unaltered.
On Wednesday, Saudi Arabia's King Salman bin Abdulaziz said that the kingdom's government relentlessly wanted to tackle corruption.
The third-largest wireless carrier in the US T-Mobile unveiled its plans to launch a brand new television service next year as well as to acquire Layer3 TV.
Trump's spokesperson Sarah Sanders revealed that Omarosa Manigault Newman, a close aide to the US President Donald Trump, had left the White House.
On Wednesday, the US Senate Finance Committee Chairman Orrin Hatch revealed the House of Representatives and the Senate had struck a deal on tax legislation.
Eurostat reported on Wednesday that EA19 employment rose by 0.4% in the Q3 of 2017, while the EU28 employment advanced by 0.3% over the same period.
Data released by the Energy Information Administration showed that the US crude oil inventories fell by 5.1M barrels last week, while economists had predicted a decrease of 3.8M barrels.
The US Bureau of Labour Statistics reported that the Consumer Price Index advanced 0.4% over the course of November, in line with market projections.
According to the data released by Eurostat on Wednesday, industrial production in the Euro area was up 0.2% in October, topping analysts' expectations.
The European Union warned the British airlines they would lose all the flying rights after Britain's withdrawal from the EU, bloc's executive stated in a note.
The Czech government would seek a confidence vote on January 10, the Prime Minister Andrej Babis stated on Wednesday after his minority Cabinet had been sworn in.
Minnesota's Democratic Lieutenant Governor Tina Smith is appointed to replace the US senator Al Franken, following his resignation over accusations of sexual harassment.