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Sanofi on Wednesday said a reorganization of its research and development operation in Germany and France would result in 466 job cuts in the two countries.

Deutsche Bank is aiming to cut up to a quarter of its riskiest assets in the next few years, people familiar with the matter said, shedding more light on how the German lender is trying to overhaul its business and revive profitability.

The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.

The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in retaliation for the tariffs the Trump administration has imposed on Chinese imports.

Wall Street's main indexes were flat on Wednesday, as investors refrained from taking positions ahead of the Federal Reserve's policy statement that is expected to open the door to future interest rate cuts.

The Canadian dollar strengthened to a five-day high against its U.S. counterpart on Wednesday, as investors reduced bets on a Bank of Canada interest rate cut this year after domestic data showing greater-than-expected inflation.

Southwest Airlines Pilots Association (SWAPA) plans to seek compensation from Boeing Co for "every dollar" of money spent cooperating with the U.S. Justice Department's criminal probe into two 737 MAX crashes, its president said in a letter to pilots.

U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.

Barclays has named Gabriel Gruber as the new head of its chemicals banking team for Europe and the Middle East as it seeks to win more business after advising the likes of Evonik on their recent disposals, a source familiar with the matter said.

Harley-Davidson Inc will partner with China's Qianjiang Motorcycle Co to build a new smaller motorcycle than its trademark "big hogs", making good on promises to move more production outside the United States that have angered President Donald Trump.

The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and he expects to confer with a senior Chinese official before next week's G20 summit in Japan where President Donald Trump and Chinese President Xi Jinping are set to meet.

Oil futures edged up on Wednesday as government data showed U.S. crude inventories fell more than expected, while the prospect of a trade deal between Washington and Beijing also supported prices.

Airbus sealed deals with big name buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing's grounded 737 MAX jet.

Israel-based Elbit Systems on Wednesday said it would keep an eye out for possible acquisitions if the proposed merger of U.S. aerospace companies Raytheon Co and United Technologies Corp triggers certain divestments.

A gauge of global stock markets gained modestly on Wednesday to reach six-week highs and benchmark government bond yields rose from multiyear lows as investors awaited a decision on monetary policy from the U.S. Federal Reserve later in the session.