Sectors
Fed says U.S. economy strong enough to handle rate hike
The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, but concerns remain over the recovery of the labor market, U.S. Federal Reserve officials said on Wednesday.
Greek central bank issues 'Grexit' warning if aid talks fail
The Greek central bank warned on Wednesday that the country would be put on a "painful course" towards default and exiting the euro zone if the government and its international creditors failed to reach an agreement on an aid-for-reforms deal.
Oil prices rise on strong U.S. demand
Brent crude oil rose on Wednesday as strong demand and falling stockpiles in the United States pushed prices higher.
Japan export slowdown could weigh on second-quarter GDP growth
Japan's export growth slowed for a second straight month in May, with weak external demand now threatening to erode economic growth in the current quarter.