The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
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- American International Group Inc (AIG.NaE) shareholders on Wednesday approved the company's 2016 compensation for executives, including the insurance giant's former chief executive, Peter Hancock.
By Carla Mozee and Victor Reklaitis, MarketWatch. U.K. house prices reverse declines with 1.1% rise. U.K. blue-chip stocks finished with losses Wednesday, hit by a surge in the pound and as shares in asset managers weighed on the index in the wake of new rules for the industry.
French consumer confidence at 10- year high. European stocks on Wednesday closed a topsy-turvy session at a two-month low, with the euro pulled lower intraday while the pound leapt as investors reassessed policy stances at both the European Central Bank and the Bank of England. The Stoxx Europe 600 closed down less than 1 point at 385.82, but that still represented the lowest close since April 21. Financial, consumer services and oil and gas shares finished higher, but health care,...
Nvidia to release cryptocurrency-specific graphics cards during third quarter. Advanced Micro Devices Inc.' s stock fell Wednesday, bucking the sharp gains enjoyed by its peers and the broader stock market, amid growing concerns that cryptocurrency miners may start going elsewhere for their graphics cards. The chip-maker's stock dropped as much as 2.3% intraday before paring losses to be down 0.3% in midday trade.
Tech stocks slide in Taiwan, South Korea. Stock selling eased in the Asia-Pacific region Wednesday after overnight declines in the U.S. and Europe on worries the European Central Bank would reduce monetary stimulus. ECB chief Mario Draghi hinted at a reduction of its ultra-easy policies as the continent's economy has shown signs of acceleration this year.
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