U.S. stock-index futures indicated the world's biggest equity market will rebound after the Standard & Poor's 500 Index capped one of its steepest drops this year.
The stock market's sharp downturn in recent weeks has pulled the three major stocks indexes into what is known as a "correction.
SYDNEY Australia experienced the slowest economic growth in two years over the second quarter due in part to a sharp fall in export volumes, official data showed on Wednesday, knocking the Australian dollar to its lowest in over six years.
A federal judge granted class-action status to a lawsuit in California against Uber over the payment of its drivers, upping the stakes for the ride-hailing company in the case.
BERLIN—German car maker Volkswagen AG VLKAY -2.93 % on Wednesday said it would extend the contract of Chief Executive Martin Winterkorn through 2018, ending speculation that he could step down as CEO and become chairman.