Nasdaq News

China's Pinduoduo Inc reported a 91% jump in its fourth-quarter revenue on Wednesday, helped by higher demand for its online marketplace services.

Japan's Sharp Corp said on Wednesday it has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others, seeking an injunction to ban one of Vizio's TV products in the United States.

Britain's economy flat-lined in January, contradicting other signs of a rebound after Prime Minister Boris Johnson's big election win, according to official data which has yet to reflect the impact of coronavirus.

(RTTNews) - U.K. stocks were moving higher on Wednesday after the Bank of England cut interest rates by half a percent to support businesses affected by the economic uncertainty amid the coronavirus outbreak.

Russia's finance ministry is set to close the deal to purchase the central bank's stake in Sberbank in April in a single transaction, Finance Minister Anton Siluanov said on Wednesday.

Yields on Japanese government bonds (JGB) mostly edged lower on Wednesday, tracking overnight moves in U.S. Treasuries, on hopes that governments and central banks would take steps to reboot economies affected by the global spread of coronavirus.

Italian government bond yields fell from recent highs on Wednesday on expectations the European Central Bank will boost monetary stimulus when it meets on Thursday, to counter the impact of the coronavirus outbreak on the European economy.

Britain's benchmark two-year government bond yield dropped on Wednesday after the Bank of England cut interest rates by half a percentage point. [nL8N2B41H4]

Uber Technologies Inc notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or have been exposed to it, the ride-hailing company said on Wednesday.

Turkey revised its 2019 current account surplus up to $8 billion from a previously-announced $1.7 billion, the central bank said on Wednesday as part of a planned adjustment to calculations that could raise questions among investors and economists.

Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak.

London stocks jumped on Wednesday, following a four-day slump, after the Bank of England unexpectedly cut interest rates to shield the economy from the impact of the coronavirus outbreak.

Most major Gulf markets slipped in early trade on Wednesday as Saudi Arabia appeared to follow through with its promise to boost crude oil output amid a price war with Russia.

Dubai's DP World, one of the world's largest port operators, said on Wednesday full-year profit fell 8.3% and warned of risks to the near-term industry outlook as the coronavirus outbreak disrupts trade.

Taiwan's government said on Wednesday it would lodge a protest with a top U.S. university, Johns Hopkins, after it began listing the island as part of China on map detailing the spread of the new coronavirus.

China's central bank has placed caps on some interest rates financial institutions offer on high-yield structured deposits, according to a statement seen by Reuters on Wednesday, as Beijing guides lending rates lower to support economic growth.

Asian shares and Wall Street futures fell on Wednesday, as growing scepticism about Washington's stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally.

Knorr Bremse, a maker of braking systems for rail and commercial vehicles, said on Wednesday it would take a 60 million euro ($68 million) revenue hit in February due to the coronavirus epidemic in China.

South African lender Absa posted a 3% increase in full-year profit on Wednesday, but warned it would take longer to achieve its 18% to 20% return on equity (ROE) target as the economy splutters.

Uber Technologies Inc is considering temporarily suspending the accounts of riders and drivers who have tested positive for the coronavirus or have been exposed to it, CNN reported on Wednesday.