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Italy parliament gives final approval to government’s 2021 budget

ROME (Reuters) - The Italian Senate on Wednesday passed the government's 2021 budget, giving parliament's final approval to the package which targets the fiscal deficit to fall to 7% of national output from 10.8% this year. Sidetracked by the coronavirus emergency and tensions in the ruling majority, the government rushed the budget through parliament leaving little opportunity for debate, finally getting it...

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Britain and EU look to new chapter as final hurdles to Brexit clear

By William James and Gabriela Baczynska LONDON/BRUSSELS (Reuters) - British Prime Minister Boris Johnson urged parliament to back his post-Brexit deal with the European Union and open a new relationship as a "friendly neighbour" with the bloc. Britain and the European Union were signing the deal on Wednesday and the British parliament will...

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Fed’s Policymaking Panel Tilts Even More Dovish in 2021 Rotation

(Bloomberg) -- Changes to the Federal Reserve’s interest-rate setting panel will make the U.S. central bank even less likely to tighten monetary policy in the new year, no matter how much of a jolt the economy gets from the rollout of Covid-19 vaccines. In the annual rotation of voters on the Federal Open Market Committee, the four regional Fed presidents who receive that...

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Unicaja merger values Liberbank at 763 million euros

MADRID (Reuters) - Spanish lender Unicaja will own 59.5% of the new entity created by its merger with Liberbank, the lenders said on Wednesday, in an deal that valued Liberbank at 763 million euros ($937.12 million). The boards of Unicaja and Liberbank approved on Tuesday a merger in which Unicaja will fully absorb its rival to create a bank with 110 billion...

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EU looks to new chapter in relations with Britain as Brexit deal is signed

BRUSSELS (Reuters) - With a call for both sides to look forward to a new chapter in their relationship, EU chiefs signed the Brexit trade deal agreed with Britain and sent the text off to London on Wednesday for Prime Minister Boris Johnson to add his signature. Against a backdrop of EU flags, top EU officials signed the treaties struck on Dec....

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Daily Briefing: Bulls undeterred

By Sujata Rao and Danilo Masoni Thanks to Mitch McConnell, the U.S. Senate probably won't debate the measure upping stimulus payments to $2000 per head this side of the New Year, but the Senate Majority Leader hasn't managed to knock stock markets or dent expectations of a global growth rebound. The optimism is reflected in world stocks just off record highs,...

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Energean to buy remaining stake in Israeli oilfields for up to $405 million

(Reuters) - Gas exploration and production firm Energean Plc said on Wednesday it would acquire the remaining 30% stake in its Israeli offshore fields for $380 million to $405 million. The company, which currently holds 70% interest in its Israeli unit, said it would pay private-equity firm Kerogen Capital $175 million upfront for the stake and a deferred payment of $125 million...

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Lockdown in England to be widened as cases rise, Hancock says

LONDON (Reuters) - Lockdown measures in England will be extended to counter the rapidly growing number of cases of a new variant of COVID-19, Health Secretary Matt Hancock told BBC television on Wednesday. Asked if the current tiered measures would be broadened, Hancock said: "Yes, I'm going to set out the details of that to the House of Commons this afternoon."...

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