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Google Wins Court Bid Against EU's EUR 1.5 Bln Atitrust Fine Over AdSense
Google, owned by Alphabet Inc., won a legal fight with the European Union over a 1.5 billion euros or $1.7 billion antitrust fine over online ads search. The General Court, the second-highest EU court, has ruled to annul the fine imposed by the European Commission against the search engine for allegedly abusing market dominance in relation to a product called AdSense for Search.
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U.S. Housing Starts, Building Permits Rebound More Than Expected In August
A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August. The Commerce Department said housing starts spiked by 9.6 percent to an annual rate of 1.356 million in August after plunging by 3.9 percent to a revised rate of 1.237 million in July.
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U.S. Housing Starts Spike Much More Than Expected In August
A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August.
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Indonesian Rupiah Recovers To More Than 1-year High Against U.S. Dollar
The Indonesian rupiah strengthened against the U.S. dollar in the European session on Wednesday.
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Bay Street Seen Opening On Subdued Note; Fed Policy In Focus
CCanadian stocks are likely to open on a subdued note Wednesday. The focus will be on the Federal Reserve's monetary policy announcement, due later in the day. The Fed is widely expected to lower interest rates, but it is the size of reduction and the accompanying statement, which are in focus.
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Sensex, Nifty Give Up Early Gains Before Fed Decision
Indian shares gave up early gains to end modestly lower on Wednesday as investors waited for the U.S. Federal Reserve's first cut to interest rates in more than four years.
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Indonesia Cuts Key Interest Rates Unexpectedly
Indonesia's central bank lowered its key interest rates unexpectedly on Wednesday to spur economic growth as inflation remains well within the target range amid strengthening rupiah exchange rate. The Board of Governors of Bank Indonesia, headed by Perry Warjiyo decided to cut the seven-day reverse repo rate by 25 basis points to 6.00 percent.
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European Shares Slip Ahead Of Fed Rate Decision
European stocks fell from a two-week high on Wednesday as investors reacted to the latest euro zone and U.K. inflation data.
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FTSE 100 Slides As Pound Gains After Inflation Data
U.K. stocks traded lower on Wednesday as investors weighed the latest inflation data.
The U.K. headline consumer inflation gained 2.2 percent from a year ago in August, the same rate as seen in July, the Office for National Statistics reported.
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CAC 40 Slips As Fed Readies Rate Cut
French stocks were a tad lower on Wednesday after strong U.S. retail sales data released overnight dampened expectations of large rate cuts by the Federal Reserve.
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DAX Little Changed Ahead Of Eurozone Inflation Data, Fed Decision
German stocks were little changed on Wednesday as investors awaited the release of euro area final inflation numbers, followed by the much-anticipated Federal Reserve's decision on interest rates later in the day.
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Asian Shares Mostly Higher Ahead Of Fed Meet Outcome
Asian stocks ended Wednesday's session broadly higher as investors waited for the U.S. Federal Reserve's first cut to interest rates in more than four years.
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Tupperware Files For Bankruptcy; Mulls Sale
Tupperware Brands Corp., an iconic consumer products brand, has filed for Chapter 11 Bankruptcy protection due to hefty financial burdens amid weakening demand. The Florida-based company, in its filing in the United States Bankruptcy Court for the District of Delaware, said it would seek Court approval to continue operating during the proceedings, and to facilitate a sale process for the business.
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