By Herbert Lash NEW YORK (Reuters) – The dollar rose to a three-week on Wednesday after the Federal Reserve signaled that it is likely to raise U.S. interest rates in March as expected and later launch a significant reduction in its asset holdings. The…
Intel scores major win as court scraps $1.2 billion EU antitrust fine
By Foo Yun Chee (Reuters) – Intel on Wednesday won its fight against a 1.06-billion-euro ($1.2 billion) EU antitrust fine that the U.S. chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators. The judgment…
Germany expects inflation to ease to ECB target of around 2% next year – minister
BERLIN (Reuters) – The German government expects inflation to ease to the European Central Bank’s price stability target of around 2% next year, Economy Minister Robert Habeck said on Wednesday. In its annual economic report, approved by Cabinet on Wed…
Sigma becomes first new LME ring member in 15 years
By Eric Onstad LONDON (Reuters) -Sigma Broking Ltd became the first new ring trading member of the London Metal Exchange in 15 years on Wednesday amid doubts about the future of the ring and as the exchange seeks to bolster flagging volumes. The LME, t…
UK’s Sunak vows to go after COVID loan fraudsters
LONDON (Reuters) -British finance minister Rishi Sunak said on Wednesday the government would “do everything we can” to recover COVID-19 emergency business loans stolen by fraudsters that critics have said could run into the billions of pounds. “I’m no…
On day of prayer for Ukraine, pope recalls country’s historical suffering
By Philip Pullella VATICAN CITY (Reuters) -Pope Francis on Wednesday led a day of prayer for peace in Ukraine, calling for dialogue to prevail over partisan interests to resolve the West’s standoff with Russia. Francis last Sunday called on https://www…
EU tapped renewables for nearly two-fifths of power in 2020 – Eurostat
(Reuters) – Nearly two-fifths of electricity consumed in the European Union in 2020 came from renewable sources, the bloc’s statistics office said on Wednesday, though its progress remained dwarfed by that of its Nordic neighbours Iceland and Norway. E…
Big investors reject sweetened $2.1 billion bid for Germany’s Aareal Bank
BERLIN (Reuters) -Two big investors in Aareal Bank on Wednesday rejected a sweetened $2.1 billion bid for the German lender, with one calling it “lousy” and a second saying it significantly undervalued the group. The buyout group, which includes U.S.-b…
UK public’s inflation expectations hit record high – Citi/YouGov
LONDON (Reuters) -The British public’s expectations for inflation in 12 months’ time jumped to a record high in January, according to a monthly survey that will bolster the Bank of England’s concerns that the current spike in price growth will prove pe…
Toilet paper to get pricier after high costs hurt Essity profit
By Anna Ringstrom STOCKHOLM (Reuters) -Hygiene products group Essity reported a bigger-than-expected drop in fourth-quarter profit on Wednesday and said it planned to further hike prices in the face of record high costs for raw material, energy and dis…