By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – European shares rose on Wednesday, supported by banks and miners, ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve. The pan-European STOXX 600 index closed 0.4% higher. Banks, which tend to benefit from higher rates, rose 1.1%. Italy and Spain’s…
By Sam Tobin LONDON (Reuters) -The billionaire co-chairman and CEO of Chinese developer Guangzhou R&F Properties Co Ltd on Wednesday agreed to be extradited from London to the United States, where he is facing bribery charges. Zhang Li, who co-founded Hong Kong-listed R&F, is wanted on a provisional warrant issued in the Northern District of…
LONDON (Reuters) -British police were questioning a man on suspicion of murder on Wednesday as they sought the motive for a stabbing and van attack in the central English city of Nottingham which left three people dead and another in a critical condition. Two 19-year-olds, a man and a woman who were university students, were…
By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains. The EU agreed in December a new rule to prevent companies from selling…
(Reuters) – Vodafone and CK Hutchison unveiled the merger of their British operations, creating the country’s largest mobile operator. Hutchison will own 49% and Vodafone 51% of the combined group, which will be led by current Vodafone UK boss Ahmed Essam. Here are some details on UK operations of both the companies: CUSTOMERS Vodafone had…
(Reuters) – A look at the day ahead in U.S. and global markets from Harry Robertson. There’s only one show in town today: Jerome Powell’s mystery monetary tour. Powell’s Federal Reserve is embarking on something of a new era: instead of the strong “forward guidance” that has steered markets in recent years, officials have said…
By Guy Faulconbridge MOSCOW (Reuters) – Russian President Vladimir Putin in March announced a plan to deploy tactical nuclear weapons in Belarus, Moscow’s first move of such warheads outside Russia since the 1991 fall of the Soviet Union. What is known about the deployment? WHAT DID PUTIN SAY? Putin’s nuclear deployment is a message to…
By Andy Bruce LONDON (Reuters) – Retailers and the film industry helped Britain’s economy inch higher in April, despite contractions in manufacturing and construction, according to data on Wednesday that pointed to slow growth rather than recession. Britain’s economy grew by 0.2% month-on-month in April, the Office for National Statistics said, matching the consensus in…
A look at the day ahead in European and global markets from Kevin Buckland There’s no escaping that it’s all about the Fed today. And the energy around the meeting has been supercharged by the surprisingly soft inflation data that saw traders all but clear the table of any remaining rate hike bets. Investor focus…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a three-week low on Tuesday on news of the smallest annual increase in inflation last month in more than two years, cementing expectations that the Federal Reserve will pause interest rate hikes at its two-day meeting ending on Wednesday. The dollar index slid as…
