EU sets out plans to cut the price of financial products
By Huw Jones LONDON (Reuters) -The European Union set out plans on Wednesday to cut how much retail investors pay…
Economy
US House China panel recommends Congress take action over Taiwan, Uyghurs
By Patricia Zengerle WASHINGTON (Reuters) -A new U.S. congressional committee on China approved reports on Wednesday pushing back on Beijing…
Oil prices gain 2% on falling U.S. stockpiles, Saudi warning
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude…
Key aid group says Taliban signals exemption for women in southern heartland
By Michelle Nichols UNITED NATIONS (Reuters) -An international aid agency in Afghanistan hopes to have an interim arrangement within days…
Fed agreed need for more rate hikes after May meeting was ‘less certain’
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials “generally agreed” last month that the need for further interest rate…
Activist firm Jana eyes boardroom fight at Freshpet
By Svea Herbst-Bayliss NEW YORK (Reuters) – Jana Partners, the biggest investor in pet food company Freshpet , wants to…
PacWest shares slip as debt ceiling concerns overshadow asset sale optimism
(Reuters) -Shares of U.S. regional lender PacWest Bancorp fell nearly 2% on Wednesday, as investor optimism over its property lending…
Yellen: greater concentration among largest banks not desirable
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that seeing a greater concentration among the largest banks would…
Fed’s Waller: inverted yield curve may signal belief in falling inflation
(Reuters) – Federal Reserve Governor Christopher Waller on Wednesday said that while inverted yield curves in the context of stable…
Deutsche, Citi admit anti-competitive bond market activity in UK probe
By Sinead Cruise and Amy-Jo Crowley LONDON (Reuters) -Deutsche Bank and Citigroup admitted anti-competitive activity by exchanging sensitive information on…