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Currencies

Sterling ticks up after UK inflation data marginally tops expectations

A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand October 12, 2010. REUTERS/Sukree Sukplang/File Photo Acquire Licensing RightsLONDON, Oct 18 (Reuters) - Sterling made slim gains on Wednesday after data showed UK inflation held steady in September, though above expectations for a slight retreat.UK consumer price inflation held at 6.7% in September, an 18-month low, showing no acceleration. It was, however, above expectations for a retreat to 6.6%.The pound by 0842 GMT was up 0.15% on the day against the dollar at $1.2205, having earlier risen to $1.2210...
Banking

Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources

The logo of Korean Airlines is seen on a B787-9 plane at its aviation shed in Incheon, South Korea, February 27, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsBRUSSELS, Oct 17 (Reuters) - South Korea's biggest carrier, Korean Air Lines (003490.KS), will offer to sell Asiana Airlines' (020560.KS) air cargo business and divest routes to four EU cities in a bid to gain EU antitrust approval for acquiring its rival, two people familiar with the matter said.The airline sector has seen a wave of consolidation recently, with Lufthansa (LHAG.DE) acquiring a...
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