Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Office phones, printers, building control systems and more — these may not sound like computers but they can all be hacked according to cybersecurity pros.Technologyread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
South Korea will scrap an intelligence-sharing pact with Japan amid an intensifying dispute over history and trade, South Korea's presidential office said on Thursday.Asia Politicsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
U.S. Secretary of State Mike Pompeo praised Denmark as a cooperative ally following a phone call with his Danish counterpart.World Politicsread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
Moscow banking shares declined on Wednesday, with analysts saying the financial sector's losses were being driven by a U.S. senator's call for sanctions on Russian lenders.
Sen. Richard Blumenthal urged President Barack Obama on Tuesday to introduce sanctions against Russian banks, saying at a meeting on U.S.policy toward Syria and Iran that they were helping to finance the Syrian government's war against rebel groups.
Blumenthal, a Connecticut Democrat,named Russia's second-largest lender VTB, the state development bank Vnescheconombank,or VEB, and Gazprombank as those who conduct business in Syria.
VTB shares, the only of the three trading on the stock exchange, were down 0.8 percent, but the shares of its peer and Russia's largest lender were also down, trading 0.4 percent lower,both underperforming the broad index.
"Such sanctions are unlikely tobe supported by President Barack Obama, but investors' play to push those shares down can have anegative impact on the overall trading on the Russian stock market," saidAlexandr Kostyukov, an analysts at Veles Capital investment house in Moscow.
Both the dollar-traded RTS index and the rouble-denominated MICEX were down 0.3 percent, at 1,435.1 points and 1,468.9 points, respectively.
This compares to a 0.2 percentdecline in the broad emerging markets index. The Russian rouble weakened slightly against the dollar, trading 0.1 down at 32.24 reflecting a weakening in oil prices.
Brent crude for November deliveryslipped below $108 per barrel on Libya output rise. The rouble weakened 0.3 percent versus the euro to 43.14 and it was down 0.2 percent against the dollar-euro basket at 37.15.
The market will be all about the Fed meeting today, " analysts at VTB Capital said in a note, referring to the two-day FederalOpen Market Committee meetings that ends today.
"Quantitative easing tapering is fully priced in and is a consensus, so its magnitude and strengthening in the forward guidance is goingto be on the radars today."
Follow us on Twitter: