By Fernando Kallas VILLARREAL, Spain (Reuters) -Liverpool survived a first-half scare to reach the Champions League final with a 3-2 win at Villarreal on Tuesday, for a 5-2 aggregate victory, after the night had threatened to turn sour for Juergen Klop…
Staff at UK markets watchdog begin unprecedented strike
(Removes ‘to’ from headline) By Huw Jones LONDON (Reuters) -Staff at Britain’s Financial Conduct Authority (FCA) went on strike for the first time on Wednesday as a protracted dispute over pay and union recognition remained unresolved. The regulator is…
UK shop prices rise at fastest rate since 2011 – BRC
LONDON (Reuters) – Shop prices in Britain surged last month at the fastest rate in more than a decade and worse is to come, according to a survey published on Wednesday that spelt further bad news for many households caught in a worsening cost-of-livin…
Fresenius Medical Care names new CEO as of Jan 1
FRANKFURT (Reuters) – German dialysis specialist Fresenius Medical Care (FMC) said on Tuesday that Chief Executive Rice Powell would retire to be succeeded by Carla Kriwet on Jan. 1. Powell’s retirement will come after 10 years at the company’s helm an…
AIG profit beats estimates on strong underwriting gains
(Reuters) – Insurer American International Group Inc reported a nearly 17% rise in quarterly profit on Tuesday that topped market estimates, as strong underwriting gains and lower catastrophe losses cushioned a drop in investment income. The company – …
Factbox-European ‘flash crash’ was latest of many globally over the past decade
By John McCrank NEW YORK (Reuters) – The sudden drop in European shares on Monday following an erroneous trade in the Nordic markets is the latest example of a “flash crash” in which the price of an asset quickly drops before bouncing back. The term “f…
Main negotiators reach ‘outcome’ on COVID vaccine IP waiver -WTO
By Emma Farge GENEVA (Reuters) – The four main parties to negotiations on an intellectual property waiver for COVID-19 vaccines have prepared an “outcome document” for approval by the broader membership, the WTO said on Tuesday, with its chief hoping f…
Former AstraZeneca oncology head to help All Blue in Zymeworks takeover bid
(Reuters) – Investment firm All Blue Capital would be advised by Alan Barge, former oncology head at British drugmaker AstraZeneca Plc, in its bid to acquire drug developer Zymeworks Inc, according to a press statement seen by Reuters. All Blue late la…
Oil slides as China lockdowns outweigh proposed EU Russia oil ban
By Nia Williams (Reuters) -Oil prices fell by more than 2% on Tuesday as demand worries stemming from China’s prolonged COVID-19 lockdowns outweighed the prospect of a European embargo on Russian crude. Beijing is mass-testing residents to avert a lock…
Wall Street sees greater risk of default by major banks
By Mehnaz Yasmin (Reuters) – The cost to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup against default hit two-year highs on Monday on growing fears the U.S. Federal Reserve’s aggressive moves to tame inflation might tip the economy into …