Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve. The steadier tone was enough to lift Australia's main index (.AXJO) 1 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.7 percent. Japan's Nikkei (.N225) was one of the few markets in the red with a loss of 0.4 percent.
"This is unacceptable and we're not happy about it," Jack Dorsey, who stepped in as interim chief executive on July 1, said on a call with analysts. Twitter said it had 304 million core users in the second quarter, up from 302 million in the prior quarter. Twitter's struggles to increase its audience worries investors, who are focused on the company's growth potential, and the latest figures did little to reassure them.
TreeHouse, Post, and private equity firms that include Apollo Global Management LLC (APO.N) and Cerberus Capital Management LP have joined the auction for Ralcorp, which is still at its early stages, the people said this week. The sources asked not to be identified because details of the sale process are confidential.