Britain will likely secure only
temporary access to the European Union financial market under a
broader trade deal in which finance may take a back seat to
sectors such as fishing, financial industry officials said on
Euro zone money markets started
to fully price in a December European Central Bank interest rate
cut on Wednesday, as the spread of coronavirus outside China
pushed traders to ramp up expectations for more stimulus.
The United Arab Emirates, a major
air transit centre, is ready for "worst case scenarios" as the
coronavirus spreads in the Middle East and has the facilities to
quarantine patients and screen new arrivals, a government
official said on Wednesday.
Italy on Wednesday urged Telecom
Italia and fibre-optic rival Open Fiber to quickly
find an accord to merge their ultra-fast broadband assets,
seeking to end a stalemate over an infrastructure the government
Canadian Imperial Bank of Commerce
reported better-than-expected quarterly profit on
Wednesday, becoming the latest domestic bank to exceed estimates
thanks to a boost from its capital markets business.
Britain's Intu said on
Wednesday its lenders would extend a revolving credit facility
to 2024 if the debt-laden shopping centre operator can
successfully raise at least 1.3 billion pounds ($1.69 billion)
through a cash call.