A nearly three-month long labor strike at Kellogg's U.S. cereal plants is expected to dent profit margins already under pressure from steep costs driven by global supply logjams.

ZURICH (Reuters) -Credit Suisse Vice Chair Severin Schwan will face opposition from some major shareholders if he stands for re-election to the board of the embattled Swiss bank in April, the Financial Times reported on Wednesday.

Republican and Democratic lawmakers across the United States are drawing political maps that will likely deepen polarization and encourage more extreme candidates by eliminating competitive congressional seats, a new Reuters analysis shows.

EUR/USD The currency pair continues to move in an uptrend. Horizontal movement is noted. Daily price action figure indicates the potential for an increase.

FRANKFURT (Reuters) -The European Central Bank could raise interest rates this year as high inflation is proving more persistent than once thought, Bundesbank President Joachim Nagel told German newspaper Die Zeit on Wednesday.

AMSTERDAM (Reuters) -ABN Amro shares fell 4% on Wednesday morning, even though the Dutch bank reported higher-than-expected net profit for the fourth quarter and announced a 500 million euro ($570 million) share buyback.