The Japanese government is expected to allow some semiconductor materials' exports to South Korea, the first approval since Tokyo tightened controls over the products' exports in July, the report by Nikkei showed.
Chinese exports grew unexpectedly 3.3% year-on-year in July, while imports declined 5.6% in the same period, leaving the country with $45.06B trade surplus, customs data revealed.
FedEx confirmed that the company decided to terminate the contract with Amazon.com for ground deliveries of small packages, as the online retailer would focus on building its own delivery network.
Media company Fox reported better-than-expected quarterly results, with profit of 0.62$ per share, while revenue grew almost 5% to $2.51B, boosted by higher fees received from operators and online distributors.
On Wednesday, Germany's bond yields slide to a new record low, as a bigger-than-anticipated 50 basis points cut by the Central Bank of New Zealand and weak German data pressure the bond markets.
Wall Street's main indexes edged lower on Wednesday. The decline was attributed to the escalating trade tensions between the United States and China.
Shares of CVS Health Corp were up by 5% on Wednesday after the company reported better-than-expected Q2 results and raised its 2019 profit forecast.
President Donald Trump rejected concerns over a protracted trade war with Beijing, as China warned that the US decision to label the country a currency manipulator would hurt global financial markets.
On Wednesday, Japan's Toshiba reported a ten-fold hike to $73.49M in its Q1 operating profit, as the Japanese company sped up its cost cuts across units, but still missed analysts' forecasts.
Walt Disney Co announced it would launch a bundle of three streaming services, which includes its family-friendly digital offering Disney+, the sports service ESPN+ and Hulu, at a price of $13 starting from November, seeking to lure audience from Netflix.
An Irish government minister stated he assumed that Britain would leave the EU bloc in October without a deal, triggering a tough economic shock, which could require the pan-European financial support for some countries, including Ireland.
The US electric carmaker Tesla is exploring an option to increase prices on its vehicles in China starting from September due to yuan-related uncertainty, sources close to the matter reported to Reuters.
British Airways' IT systems issues created chaos for thousands of passengers due to flight delays, cancellations and long airport queues in the carrier's third major computer glitch in almost two years.
Payments processor Mastercard is planning an acquisition of a majority part of the Scandinavian payments firm Nets's corporate services businesses, in a deal worth $3.19B, as it seeks to accelerate its expansion in the Nordic markets.
By the middle of Wednesday's trading session, crude oil price benchmarks had reached a seven month low level. The move was attributed to various factors without highlighting a certain reason.
On Wednesday, the Reserve Bank of India downgraded the INREPO=ECI interest rate by 35 basis points to 5.40% in an attempt to boost growth of the economy.
Shares of Walt Disney dropped as much as 5% in after-hours trading to $135 after the company announced missed earnings.
The US Dollar edged lower against the Japanese Yen and the Chinese Yuan weakened, as traders and investors remain cautious about the People's Bank of China currency policy.
On Wednesday, crude oil prices remained stable after falling at the beginning of the Asian session, as the US-China trade war remains in focus. The international benchmark Brent crude was at $58.97 a barrel.
On Wednesday, the Central Bank of New Zealand surprised the markets, by cutting its official cash rate by 50-basis points. The surprise move by the RBNZ sent the New Zealand Dollar to a ten-month low.
On Tuesday, the US President Donald Trump shrugged off trade war concerns, as China warned that the US decision to label Beijing a currency manipulator could lead to market chaos.
Online payments company Klarna, announced on Tuesday that it had raised $460m in an equity funding, at a post valuation of $5.5 billion, making the firm, as the largest private fintech startup in Europe.
Walt Disney missed Wall Street forecasts for quarterly profit, earning $1.35 per share, compared to $1.75 expected. The company's shares declined 5% to $135 on the report.
Payments processor Mastercard announced on Tuesday that it i set to buy the main part of the corporate services businesses of Nets, the Scandinavian payments group, for about $3.19B, furthering the push into the markets in the Nord.