Britain will resist "very firmly" any European Union attempts to arm-twist banks into shifting trillions of euros in derivatives clearing from Britain to the bloc after Brexit, Bank of England Governor Andrew Bailey said on Wednesday.
CDP-led consortium readies offer for 88% of Atlantia’s unit Minority investor TCI says unit’s value more than 12 bln euros (Adds details on consortium’s offer, Atlantia’s board)
MILAN, Feb 23 (Reuters) - A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia’s 88% stake in motorway unit Autostrade per l’Italia later on Tuesday, two sources close to the matter said.
The bid will be based on a valuation of 9 billion euros ($11 billion) for 100% of Autostrade, the sources said.
A previous non-binding proposal in December was pitched at an 8 billion-euro valuation, one of the sources said.
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FILE PHOTO: Federal Reserve Vice Chair Richard Clarida reacts as he holds his phone during the three-day Challenges for Monetary Policy conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby
(Reuters) - Despite “very near-term” downside risks to the U.S. economy from the spread of COVID-19 and emergence of new variants, effective vaccines and fiscal relief passed late last year have set the table for stronger growth, Federal Reserve Vice Chair Richard Clarida said on Wednesday.
“Prospects for the economy in 2021 and beyond have brightened and the downside risk to the outlook has diminished,” Clarida said in remarks prepared for delivery to the U.S. Chamber of Commerce.
The Federal Reserve says its Fedwire Funds, Fedcash and some check clearing services have resumed normal operations after a more than three-hour disruption to more than a dozen critical central bank payment services forming the backbone of the U.S. banking system.
Britain's finance ministry said on Wednesday it would expand regional funding for economic growth so that it now included Scotland, Wales and Northern Ireland.