Weekly US oil inventories fall less than expected, DoE says
US crude oil stockpiles fell last week despite a rise in imports last week, as refineries increased their runs, boosting prices for crude oil futures.
Markets
UK preparing post-Brexit trade team to deal with disputes
Theresa May's government is preparing to set up a team to resolve trade disputes post-Brexit as the UK leaves the European Union.
Inflation not on a sustained downtrend
A top US rate-setter said she continues to see a need for further interest rate hikes, telling an audience that recent soft readings on inflation were not pointing to a sustained drop in prices.
IT failure results in severe delays for British Airways passengers
British Airways issued an apology to customers on Wednesday morning after it experienced another failure in its check-in system.
US open: Traders have another go at 22,000 on the Dow
Apple's results powered another assault by the Dow Industrials on the psychological 22,000 point mark, in what some traders said would mark another major milestone for US markets should that level be overcome.
SocGen downgrades European tobacco sector
Societe Generale strategists have downgraded the European tobacco sector to 'neutral' from 'overweight' as higher US regulatory risks combine with declining US Treasury bill yields.
FTSE 100 movers: Babcock boosted by RBC note, StanChart drops on divi disappointment
London's FTSE 100 was down 0.2% to 7,407.55 in afternoon trade as investors sifted through earnings and mulled a disappointing reading on UK construction.
Credit Suisse revises Intertek target price higher on reduced geopolitical risks
Analysts at Credit Suisse upgraded their recommendation on shares of Intertek, admitting that some of the potential risks which had led them to be more cautious had not materialised.
Morrisons' convenience moves drive upgrade by HSBC
Morrisons was upgraded to 'hold' from 'reduce' on Wednesday by HSBC after the supermarket group added a new wholesale contract that it hopes will soon be worth £1bn.
Bitcoin Cash faces uncertain future after rollercoaster first day
Bitcoin Cash – a new 'fork' of the popular cryptocurrency Bitcoin, formed as the result of a heavily publicised rift within the cryptocurrency community – had its first block mined on Tuesday evening.