After declining for three consecutive trading sessions oil prices slightly recovered on Wednesday. The recovery was considered normal after the previously experienced sharp drop.
Market participants were expecting the Federal Reserve rate hike, which the market consensus forecasted to occur at 19:00 GMT. The hike was set to increase the value of the US Dollar.
On Wednesday, the share price of SoftBank plummeted after the IPO of the bank. Namely, the stock price declined by 12%.
On Wednesday, it was revealed that the Elon Musk's Boring Copany will reveala new Los Angeles area tunnel.
The US chipmaker Micron Technology announced quarterly profit and sales forecasts well below Wall Street expectations, citing a memory chips' market glut, as consumer and business demand for computers and phones was weakening.
The Japanese export growth weakened to a crawl last month, as shipments to China and the US fell sharply, suggesting slowing external demand.
France's growth is expected to bounce back early in 2019 after anti-government protests and wilting business confidence cut short previously expected recovery, the INSEE stated.
The European Commission approved state aid for projects to build high capacity Internet networks in six cities of Germany's Bavaria.
The European Commission accepted proposal by Italy to set 2.04% of GDP as a budget deficit target next year, a source stated on Tuesday.
Anti-government violence in Paris, which lasted four weekends, costed hoteliers some 18M in lost revenue due to cancelled bookings, the MKG stated.
France's bank Natixis stated that it will book €260M revenue loss from operations of Asia's stock derivative carried out over the fourth quarter.
Germany lowered the threshold to launch stake purchases by non-EU entities' security probes to protect critical infrastructure, in a bid to fend off takeovers by China's investors.
Governments of the EU voted to impose duties on China's electric bicycles to diminish cheap imports that benefited from unfair subsidies and flooded the market.
The rocket company of Elon Musk SpaceX is set to raise $500M at a $30.5B valuation, the WSJ reported, citing sources familiar with the matter.
Huawei Technologies stated that it would spend $2B over the next 5-year period to focus on its cybersecurity, upgrading lab facilities and adding more people, in a bid to battle global concerns over risks associated with the network gear.
Ceconomy, the largest consumer electronics retailer in Europe, is expected to present the company's new Chief Financial Officer, sources familiar with the matter stated.
The US homebuilding grew in November, supported by a surge in projects for multi-family housing, though single-family homes' construction dropped to the lowest level in more than a year, pointing to deepening weakness in the market.
Volkswagen may have to accelerate plans for electric cars' mass production, aiming to meet tougher-than-anticipated European targets to cut CO2 emissions from cars, its CEO stated.
On Tuesday, the foreign ministers of Russia, Iran and Turkey conducted another rounds of talks this time trying to agree on composition of Syrian constitution body.
The President of Russia Vladimir Putin stated on Tuesday that nothing stops Russia from conducting negotiations with other states regarding their joining to the INF Treaty.
According to report published by the Bank of America Merrill Lynch, more than half of surveyed investors said that temps of economic growth would slower next year.
The head of Indian opposition Rahul Gandhi on Tuesday called the country's Prime Minister Narendra Modi to write off credits issued to local farmers.
The Chinese Industry Ministry stated that it is set to remove eleven steel companies from a qualified enterprises' list, banning them from operating, and ordered 17 more to rectify safety, environmental and other breaches.
The European Commission requested Italy a further €2.5B-€3B euros in savings ahead of approving the country's budget for 2019, the report showed.