Bitcoin soared on Wednesday after President Joe Biden signed an executive order that requires U.S. government agencies to assess the benefits and risks of creating a central bank digital dollar and other cryptocurrency issues.

The United Arab Emirates favors an oil production increase and will be encouraging OPEC to consider higher output, CNN and the Financial times reported on Wednesday, citing a statement from the UAE's ambassador to Washington.

(Reuters) -The United Arab Emirates (UAE) favors an oil production increase and will be encouraging OPEC to consider higher output, the UAE's ambassador to Washington said on Wednesday.

HONG KONG/LONDON (Reuters) -Prudential PLC notched up a 16% rise in 2021 operating profit after it strengthened its focus on Asia, though it warned of implications for global markets and the economy from Russia's invasion of Ukraine.

There is a high risk the Federal Reserve will raise interest rates by half a percentage point sometime this year, according to economists polled by Reuters who also upgraded their inflation outlooks and said they may have to do so again.

Texas legal regulators have asked a judge to discipline attorney Sidney Powell for filing lawsuits they say were frivolous in support of former President Donald Trump's false claims of election fraud.