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Banks to London staff: no panic as Britain launches EU divorce process

LONDON Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday.

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OPEC compliance with oil curbs rises in March as UAE joins cut: survey

LONDON/DUBAI OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya.

Saudi Arabia, Africa 1:35pm EDT

Ford says it will spend $295 million on two new recalls

WASHINGTON Ford Motor Co , the second largest U.S. automaker, on Wednesday announced two new recalls affecting 440,000 vehicles and expects to spend about $295 million to fix the issues.

10:29am EDT

Other Akzo shareholders also want talks with PPG: Elliott Advisors

AMSTERDAM Elliott Advisors, the activist investor with a 3.25 percent stake in Akzo Nobel , said on Wednesday other shareholders owning almost a quarter of the Dutch paints and chemicals group want it to enter into talks with spurned U.S. suitor PPG Industries .

1:20pm EDT

U.S. stocks' rally may be near peak, but some gains ahead: Reuters poll

NEW YORK A U.S. stock rally fueled by optimism President Donald Trump will boost the economy may be near its peak, according to a Reuters poll of strategists who forecast U.S. shares will gain less than 3 percent between now and year-end.

1:24pm EDT

Santander to pay $25.9 million to resolve subprime auto loan probes

BOSTON Santander Consumer USA Holdings Inc has agreed to pay $25.9 million to resolve investigations by the attorneys general in Massachusetts and Delaware into its financing and securitization of sub-prime auto loans.

2:08pm EDT

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