Reuters UK Business

By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Italy’s uncharacteristic political stability is likely to boost its government bonds next year, analysts say, as uncertainty over Germany and France undermines investor confidence in them. While most of the risks that have made Italian bonds the euro zone’s highest-yielding remain, markets are focused for now …

Analysis-Italy’s bonds poised for gains at expense of Germany and France in 2025 Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Apple on Wednesday hit out at Meta Platforms, saying its numerous requests to access the iPhone maker’s software tools for its devices could impact users’ privacy and security, underscoring the intense rivalry between the two tech giants. Under the European Union’s landmark Digital Markets Act that took effect last …

Apple hits out at Meta’s numerous interoperability requests Read More »

By Howard Schneider, Ann Saphir WASHINGTON (Reuters) -The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers are starting to reckon with the prospects for sweeping economic changes …

Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation Read More »

By Stephen Culp NEW YORK (Reuters) -Wall Street closed sharply lower on Wednesday, with the Dow falling over 1,100 points after the U.S. Federal Reserve delivered a rate cut as expected but signaled it will ease the pace of further cuts in the coming year. For the Dow it was its tenth consecutive daily loss, …

Wall Street tumbles as Fed projects slower rate cuts next year Read More »

LONDON (Reuters) -Britain’s Thames Water will be allowed by water regulator Ofwat to increase customer bills by around 33% over the next five years, the Guardian reported on Wednesday, a far smaller increase than the troubled company had said was needed. The Guardian report, which cited unnamed sources, came ahead of a formal announcement from …

UK regulator’s price hike decision to fall short of Thames Water demand, Guardian says Read More »

By Anna Hirtenstein (Reuters) -Some shareholders in Brooge Energy have filed a fraud complaint in the United States against Ernst & Young, alleging the auditor failed to identify fabricated revenues in two years of the oil storage firm’s annual reports. The plaintiffs are Stephen Cannon, Bryant Edwards and Neil Richardson, who were investors in a …

Brooge Energy investors file fraud complaint against Ernst & Young Read More »