Blank-check firm Spinning Eagle Acquisition Corp, backed by former Hollywood executives Harry Sloan and Jeff Sagansky, on Wednesday filed to withdraw its U.S. initial public offering of up to $2 billion.

(Reuters) -Annual inflation in Russia accelerated to 16.70% as of April 1, its highest since March 2015 and up from 15.66% a week earlier, the economy ministry said on Wednesday, as the volatile rouble sent prices soaring amid unprecedented Western sanctions.

Federal Reserve officials "generally agreed" last month to trim $60 billion per month from the U.S. central bank's Treasury holdings and $35 billion from its holdings of mortgage-backed securities, with the amounts phased in over a period of three months "or modestly longer," according to minutes of the March 15-16 policy meeting.

With an election looming, Canada's province of Ontario is moving to rein in surging home prices with populist measures like a bigger foreign-buyer tax, but economists warn rising interest rates are likely to do most of the work.

European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive U.S. interest rate hikes potentially hurting growth and more Western sanctions on Russia further stoking inflation.

BUDAPEST (Reuters) -Hungary will aim to keep price caps in place beyond their looming expiry in the first half of 2022 unless inflation eases significantly, Prime Minister Viktor Orban said on Wednesday, as he unveiled the main economic priorities of his next government.