BUSINESS

OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a setback to U.S.

Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting U.S.

Rare white elephant born in Myanmar: state media

Shipping group Maersk said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence and bottlenecks at ports.

Shipping group Maersk expects global container demand to fall this year as sales of durable goods come to a "standstill", leaving flat-screen TVs and furniture piling up in warehouses, the company said on Wednesday.

Uber Technologies on Wednesday sold its 7.8% stake in Indian food delivery firm Zomato Ltd for $392 million via a block trade on local exchanges, two sources familiar with the matter told Reuters.

Japan's Nintendo Co Ltd sold 23% fewer Switch consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday.

Japan's Nintendo Co Ltd said on Wednesday it sold 22% less of its Switch consoles in the April-June quarter than a year earlier, while maintaining its forecast to sell 21 million units in the year through end-March 2023.

Hiscox is committed to a planned insurance consortium providing cover for ships travelling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd's of London insurer shares plunged on a first-half loss.

BMW warned on Wednesday of a highly volatile second half as challenges from inflation and gas shortage fears to ongoing supply chain bottlenecks weighed on demand, with higher pricing only partially offsetting lower output.

BMW lowered its output forecast and warned of a highly volatile second half on Wednesday, pinpointing supplies of energy in Europe and chips worldwide as the two crucial factors to the carmaker hitting full-year earnings targets.

ASEAN warns Myanmar against more executions

Just Eat Takeaway.com, Europe's largest meal delivery company, on Wednesday reported a smaller loss for the first half of 2022 and maintained growth and margin forecasts for the full year, promising lower spending on costs such as a recent commercial featuring pop icon Katy Perry.

The founding family of Italian luxury shoemaker Tod's plans to buy out other investors for up to 338 million euros ($344 million) and take the group private in an effort to revive its fortunes by managing its diverse brands separately.

Germany's Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and confirmed it was on track to meet its profit target despite "clouds" on the horizon.

Germany's Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and increased commission income, and confirmed it was on track to meet its profit target this year.

Toyota Motor Corp is expected to report a double-digit drop in first-quarter profit this week, as a chip shortage and supply-chain woes forced the world's top automaker by sales to repeatedly slash production targets.

Buoyant retail and investment banking activity helped Societe Generale to report a smaller-than-expected loss in the second quarter as it absorbed a 3.3-billion-euro hit following the sale of its Russia business.

Buoyant activity across retail and investment banking helped Societe Generale report a smaller-than-expected loss in the second quarter as it absorbed a 3.3-billion-euro hit following the sale of its Russia unit.

A buoyant second quarter and new three-year targets helped to boost Societe Generale's shares on Wednesday, as the French bank weathered a 3.3-billion-euro ($3.4 billion) hit from the sale of its Russia business.

Clashes erupt in Bolivia capital between police and coca farmers

Pelosi Taiwan visit set to dominate ASEAN meet

Most Asian markets rise but Taiwan fears keep confidence in check

Women's British Open breaks new ground at Muirfield

Stocks rose in volatile trading across Asia on Wednesday and the dollar pared early gains as investors weighed the potential fallout from U.S.

Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.

Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.

World stocks eased slightly on Wednesday as markets weighed risks from U.S.

OPEC+ meeting to test Biden's Saudi oil entreaty