ECB to slow rate hikes and lay out plans to drain cash

The European Central Bank is set to raise interest rates for the fourth time in a row on Thursday, although by less than at its last two meetings, and lay out plans to drain cash from the financial system as it fights runaway inflation.
EXCLUSIVE Abu Dhabi’s ADNOC weighs IPO of logistics and services unit next year- sources

State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.