Reuters

By Michael S. Derby

(Reuters) - Boston Federal Reserve President Susan Collins on Tuesday cautioned against getting carried away with recent inflation data that suggested price pressures may again be retreating back to the U.S. central bank's goal.

"It is too soon to determine whether inflation is durably on a path back to the 2% target," Collins said in the text of a speech to a group in Lawrence, Massachusetts. "We should not over-react... (continue reading...)

ROME (Reuters) - Three bodies have been recovered near the site of a migrant shipwreck between Italy and Greece from which more than 60 people were reported missing, a spokesperson for the Italian coast guard said on Tuesday.

The migrants were on a sailing boat about 200 kilometres (124 miles) east of the Italian region of Calabria. Eleven survivors and the body of a woman were taken ashore on Monday, and aid groups said 64 people, including 26... (continue reading...)

ATHENS (Reuters) - A 22-year old Turkish national was jailed pending trial in Greece on Tuesday after killing another Turk and seriously injuring a third in a gun attack, with police sources saying both victims were members of a criminal gang.

The gun attack took place at a supermarket in the port city of Piraeus on Friday afternoon.

The 22-year old man confessed when he appeared before a prosecutor on Tuesday, who ruled that he should... (continue reading...)

MILAN (Reuters) - Plans for a digital euro will be a "very good" thing for the currency bloc and its lenders if banks remain central to the flow of money as they are at present, UniCredit Chief Executive Andrea Orcel said on Tuesday.

"It's a matter of sovereignty for Europe: we cannot not have a digital euro," Orcel told a conference organised by Italian bank Mediobanca.

The European Central Bank is looking to launch a digital currency... (continue reading...)

ATHENS (Reuters) - Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance minister said on Tuesday.

The fund, with initial capital of 300 million euros, will invest proceeds from thousands of state asset sales into green projects, infrastructure and new technology, Finance Minister Kostis Hatzidakis said in a news conference,... (continue reading...)