Most Southeast Asian stocks erased early
gains to end in the red on Wednesday with Malaysia losing the
most, as disappointing Chinese economic data and a barrage of
other dismal economic indicators stoked fears of a slowdown.
In China — the region's largest trading partner...
The European Central Bank
said on Wednesday it had appointed three temporary
administrators to take charge of Italy's Carige bank
in a bid to save the struggling lender after it failed to raise
JLT Re's global property-catastrophe
reinsurance index fell 1.2 percent in Jan. 1 policy renewals,
the broker said on Wednesday, dashing the industry's hopes of
higher reinsurance premiums after a second straight year of big
Cash-strapped Jet Airways Ltd
said late Tuesday it defaulted on debt payment to a consortium
of Indian banks, prompting ratings agency ICRA to downgrade the
carrier and sending its shares sharply lower.
UK shares were sharply lower on Wednesday,
as investors came back from New Year celebrations to more
disappointing data from China that added to existing concerns
about the health of the world's economy.