Author: Reuters

By Polina Devitt and Ashitha Shivaprasad LONDON (Reuters) – Gold hit a record high on Tuesday, with growing expectation of U.S. monetary easing and continued geopolitical risk buoying activity from momentum-driven funds which could propel the precious metal further. A wider robust fundamental backdrop added support, including strong physical demand in Asia and central bank…

By Valerie Volcovici WASHINGTON (Reuters) – A new satellite backed by Alphabet Inc’s Google and the Environmental Defense Fund group will launch from California on Monday with a mission to pinpoint oil and gas industry methane emissions from space. The MethaneSAT sattelite will add to a growing fleet of spacecraft in orbit that are meant…

By Foo Yun Chee BRUSSELS (Reuters) -Brussels on Monday fined Apple 1.84 billion euros ($2 billion) for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker’s first ever penalty for breaching EU rules.  A basic penalty of 40 million euros was inflated by a huge lump sum included as…

By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve is under no urgent pressure to cut interest rates given a “prospering” economy and job market, Atlanta Fed President Raphael Bostic said in remarks that highlighted the risk inflation may get stuck above the central bank’s 2% target or be sent even higher by “pent-up exuberance.”…

By Dhara Ranasinghe and Stefano Rebaudo LONDON – The European Central Bank meets on Thursday, with markets eyeing any nudge towards an interest rate cut as inflation weakens. The ECB, expected to hold rates at a record 4%, is navigating a tricky path between keeping rates high long enough to contain inflation while not cutting…

(Reuters) -Walgreens Boots Alliance’s CEO rejected a media report, saying the company does not plan to sell specialty pharmacy unit Shields Health Solutions at least for now The pharmacy chain is instead looking for ways to drive “the most value” for the business, CEO Timothy Wentworth said at a conference on Monday. Bloomberg News reported…