LONDON (Reuters) – Britain’s business minister Jacob Rees-Mogg questioned the track record of the Office for Budget Responsibility in forecasting on Wednesday and said the finance minister should not rely on it when formulating policy. “Well, let’s see…
Poland close to buying PKP Energetyka from CVC Capital Partners -ruling party leader
WARSAW (Reuters) – Poland is about to finalize the takeover of PKP Energetyka – one of the country’s biggest energy groups and electricity supplier to the national railway – from buyout group CVC Capital Partners, the Polish ruling party leader said on…
Russian oil selling below benchmark amid price cap discussions -U.S. official
By Stephanie Kelly NEW YORK (Reuters) -The United States is starting to see success with discussions of a Russian oil price cap by the Group of Seven (G7), as Washington has heard countries are negotiating deals with Russia to buy oil far below the ben…
UK government: no spending cuts, no reverse on tax cuts
By Alistair Smout, Andrew MacAskill and Elizabeth Piper LONDON (Reuters) -Britain’s new government said on Wednesday it would not reverse its vast tax cuts or reduce public spending as it sought to stand firm in the face of yet more turmoil in financia…
Hungary finalises deferred payments deal with Gazprom -minister
BUDAPEST (Reuters) – Hungary has agreed with Russia’s Gazprom to reroute gas shipments to Hungary to the TurkStream pipeline, with the sides also finalising the terms of a deferred payment mechanism, Hungarian Foreign Minister Peter Szijjarto said on W…
Finland interested in European anti-aircraft defence system
HELSINKI (Reuters) -Finland is interested in the development of a European anti-aircraft defence system but would not take a very central role in it, Finnish Defence Minister Antti Kaikkonen told reporters on Wednesday, after meeting with NATO peers in…
Ukraine grain backlog prompts U.N. call for faster ship checks
(This Oct. 11 story officially corrects to adjust JCC data in paragraph 7, reflecting most-delayed ship awaiting inspections for 20 days.) By Jonathan Spicer and Can Sezer ISTANBUL (Reuters) – With nearly 100 grain-laden ships reaching towards the hori…
EU clears Celanese to buy DuPont unit on divestment condition
BRUSSELS (Reuters) – The European Commission has approved the proposed $11 billion acquisition of Dupont’s mobility and materials business by U.S. chemicals company Celanese Corp, on the condition that the latter divests a plastics-producing business. …
Credit Suisse faces trial on investors’ currency rigging claims
By Jody Godoy (Reuters) – An attorney for investors suing Credit Suisse Group AG told a jury in U.S. court on Tuesday that chats between traders prove the world’s largest banks colluded to fix prices in the foreign exchange market between 2007 and 2013…
Spanish baby gets pioneering intestine transplant
MADRID (Reuters) – A 1-year-old Spanish girl has become the world’s first recipient of a successful intestine transplant from a donor who died of heart failure, Madrid’s La Paz hospital said on Tuesday. “The child has now been discharged and is in perf…