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Inflation Reduction Act raised fears of investment shift to U.S.EU decision to relax state aid rules has helped ease fearsEU working on more legislationCritics say EU legislation favours big states, big companiesBRUSSELS, Aug 17 (Reuters) - When the United States launched its massive green subsidies push a year ago, many in Europe feared it would be a fresh blow to their regional economy grappling with the knock-on effects of war in Ukraine and lingering aftershocks of the COVID-19 pandemic.Yet while critics argue the European Union has yet to offer a...

People go about their day near Norway's central bank building in Oslo, Norway May 31, 2017. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsARENDAL, Norway, Aug 17 (Reuters) - Norway's central bank raised its benchmark interest rate by 25 basis points to 4.0% on Thursday to try to curb inflation, as widely forecast, and said it would likely hike again in September.Thursday's hike had been expected by all 31 economists polled by Reuters, and a majority of poll participants predicted the rate would hit a peak of 4.25% by the end of...

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger Acquire Licensing RightsWASHINGTON, Aug 16 (Reuters) - Federal Reserve officials were divided over the need for more interest rate hikes at the U.S. central bank's July 25-26 meeting, with "some participants" citing the risks to the economy of pushing rates too far even as "most" policymakers continued to prioritize the battle against inflation, according to minutes of the session that were released on Wednesday."Participants remained resolute in their...