IBT Staff Reporter

The S&P 500 and the Dow were set for a subdued open on Wednesday as JPMorgan shares dropped after reporting a slump in quarterly profit, while fresh data highlighted growing inflationary pressures.

U.S. shares rose on Wednesday as a recovery in growth stocks and strong results from Delta Air Lines offset declines in JPMorgan after the bank reported a slump in quarterly profit.

U.S. shares rose on Wednesday as a rebound in growth stocks on falling yields and strong results from Delta Air Lines offset declines in JPMorgan after the bank reported a slump in first-quarter profit in a mixed start to the earnings season.

BlackRock's executives told analysts on Wednesday that the firm's diversified business model should help it weather a challenging environment for asset managers this year, but said fee income could suffer.

BlackRock Inc showed assets under management back below $10 trillion, hurt by the market rout in the first quarter, and cautioned that fees could come under pressure over the rest of the year because of volatile markets.

Canada's accelerated timeline to fully embrace electric vehicles (EVs) presents a threat to some auto suppliers and auto mechanics, with the latter pinning hopes on a key legislation to adapt to the changing needs of the industry.

Countries that are seeking advantage by failing to condemn Russia's "heinous war" against Ukraine are being short-sighted and will face consequences if they undermine Western sanctions, U.S.

U.S. Treasury Secretary Janet Yellen on Wednesday appealed to China and other countries to help end Russia's "heinous war" in Ukraine, warning in a landmark speech that those who seek to undermine Western sanctions face consequences.

China should help end Russia's "heinous war" in Ukraine or face a loss of its standing in the world, U.S.

Notre-Dame slowly reviving three years after fire

Yen drops to 20-year low against dollar

The Vatican's decision to have both Ukrainians and Russians take part in Pope Francis' "Way of the Cross" procession on Friday has caused friction with Ukrainian Catholic leaders, who want it to be reconsidered.

Swiss federal prosecutors have dropped an 11-year investigation into suspected money-laundering by Egyptians close to toppled strongman Hosni Mubarak during the Arab Spring uprisings, they said on Wednesday.

The International Monetary Fund hopes to mobilize around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows.

The International Monetary Fund's executive board on Wednesday approved creation of a new facility to help low-income and most middle-income countries deal with longer-term challenges such as climate change and pandemics.

Death toll from Philippines landslides, floods rises to 80

Four sentenced to hang in Bangladesh over celebrated writer's murder

Toll in South Africa's deadliest floods on record tops 300

China's top offshore oil and gas producer CNOOC Ltd.

Sri Lanka's prime minister offered talks on Wednesday with protesters calling for the government to step down over its handling of an economic crisis as the opposition threatened to bring a no-confidence motion against it in parliament.

BlackRock Inc plans to launch its first product in China's $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff accordingly, two people with direct knowledge of the matter told Reuters.

French President Emmanuel Macron launched a scathing attack on far-right rival Marine Le Pen on Wednesday, saying her true "authoritarian" intentions were showing after she banned a team of reporters and did not rule out a return to the death penalty.

Bankrupt Sri Lanka asks citizens abroad to send home cash

Philippine authorities on Wednesday struggled to distribute aid to tens of thousands of displaced people sheltering in evacuation centres after typhoon Megi triggered landslides in coastal provinces that left 56 dead and dozens missing.

South Korea's incoming President Yoon Suk-yeol picked close adviser Park Jin to be foreign minister among a slew of cabinet nominations on Wednesday, as he readies to face challenges from North Korea's long-range missile and nuclear activities.

Britain's GlaxoSmithKline sought to bolster its cancer business on Wednesday by agreeing a $1.9 billion deal to buy U.S.

Endangered pangolins get fresh chance in S.African clinic

Iliad is considering buying into Telecom Italia's (TIM) domestic consumer services operations as part of the French phone group's push to strengthen its Italian business, two sources familiar with the matter said.

Biden gives 'crime scene' Ukraine $800 mn to hold off Russia