Reuters UK Business

LONDON (Reuters) – The London Metal Exchange (LME) has approved Bank of Montreal (BMO) as a category 2 member, the exchange said on Tuesday. The LME, the world’s oldest and largest market for industrial metals, said it would issue another notice about when BMO would start trading and clearing on the LME. Category 2 members …

London Metal Exchange approves Bank of Montreal as member Read More »

By Sachin Ravikumar and Sam Tabahriti LONDON (Reuters) – British finance minister Rachel Reeves, facing criticism for her management of the economy after a sharp increase in the cost of government borrowing, said on Tuesday that she would stick to her fiscal rules at all times. Reeves was speaking in parliament, where opposition Conservatives attacked …

Britain’s Reeves pledges to stick to fiscal rules at all times Read More »

By Valentina Za MILAN (Reuters) -Italy’s biggest bank, Intesa Sanpaolo, has made its first proprietary bitcoin trade, buying 1 million euros ($1 million) of the world’s largest digital currency in what CEO Carlo Messina described as “a test”. Intesa in 2023 set up a proprietary trading desk for digital assets and last year started handling …

Italy’s Intesa ‘tests’ bitcoin with 1 million euro investment Read More »

By Paul Sandle and Muvija M LONDON (Reuters) -Britain will use new regulatory powers to investigate Google’s search services to see how they impact consumers and businesses, including advertisers and rivals, following U.S. calls to break up the tech giant. The Competition and Markets Authority (CMA), which gained a wider remit over big tech this …

UK competition watchdog to investigate Google search services Read More »

BERLIN (Reuters) -Clariant said it would defend itself against a claim from German rival BASF seeking 1.4 billion euros ($1.4 billion) in damages from a group of companies, including Clariant, fined by the EU for colluding in the purchase of ethylene before 2020. Clariant was served with a claim targeting four companies on Jan. 9, …

Clariant to fight $1.4 billion ethylene claim from BASF Read More »

ZURICH (Reuters) – Bayer will focus on paying down debt and not make any major acquisitions in the next two or three years, the head of the German company’s pharmaceuticals division said in an interview published on Tuesday. “I don’t see any major acquisitions in the next two or three years at least,” Stefan Oelrich …

Bayer pharma chief sees no big acquisitions in near future Read More »

LONDON (Reuters) -No decision will be made for at least a couple of years on whether Britain will go ahead with a central bank digital currency for the general public, the Bank of England said on Tuesday, pushing back the timeline for the project. Former Prime Minister Rishi Sunak championed the idea of a digital …

Decision on digital pound over two years away, Bank of England says Read More »