Reuters

MOSCOW (Reuters) - Russia would regard the seizure of revenue from its frozen assets in the European Union as a violation of all norms of the global economic system, Kremlin spokesman Dmitry Peskov said on Wednesday.

EU countries have formally adopted a plan to use windfall profits from Russian central bank assets frozen in the EU for Ukraine's defence, the Belgian government said this week.

The Group of Seven countries (G7) froze around... (continue reading...)

(Reuters) - U.S. index futures were subdued on Wednesday as investors zeroed in on the week's biggest events, AI chip leader Nvidia's quarterly results and the Federal Reserve's policy meeting minutes due later in the day.

All eyes will be on whether semiconductor bellwether Nvidia's first-quarter results, due after market close, can meet the market's sky-high expectations and sustain a rally in shares of the company and other AI-related stocks.

By Howard Schneider

WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell said in a May 1 press conference he didn't want to talk about economic "hypotheticals," but that's what he and other U.S. central bank officials have shifted towards in discussing monetary policy that has hit an uncertain juncture in the effort to tame inflation.

Dropping what had been explicit guidance about the likelihood of interest rate cuts this year,... (continue reading...)

MADRID (Reuters) - Tech giant Amazon's cloud computing unit Amazon Web Services (AWS) said on Wednesday it will invest 15.7 billion euros ($17.02 billion) in data centres in Spain's Aragon region as it upgraded its growth plan in the country.

The new investment plan replaces a previous one announced in 2021, when the company said it would invest 2.5 billion euros in the country.

The company did not specify over what period it will... (continue reading...)

By David Shepardson and David Lawder

(Reuters) -The U.S. Trade Representative's office on Wednesday said some of the steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips and medical products will take effect on August 1.

President Joe Biden will keep tariffs put in place by his Republican predecessor Donald Trump while ratcheting up others, including a quadrupling of EV duties to over 100%... (continue reading...)