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Uncertainty in Moscow and Kiev about what policies U.S. President-elect Donald Trump will adopt means there is little prospect of making much progress in implementing the Minsk ceasefire accord on Ukraine, Germany's foreign minister said. Speaking in Brussels, Frank-Walter Steinmeier also told reporters on Wednesday that it was still unclear what the future relationship between Russia and the United States would be. Steinmeier also said his Turkish counterpart had indicated that the main aim of NATO's counter-migration mission in the Aegean had been accomplished.
The EU's top anti-trust regulator on Wednesday slapped fines on banks HSBC, JP Morgan and Credit Agricole for rigging the Euribor interest rate benchmark used for a wide range of financial instruments. The European Commission, the EU's executive arm, fined the banks "a total of 485 million euros ($520 million) for participating in a cartel in euro interest rate derivatives," according to a statement. The decision is the latest example of authorities trying to punish malpractice by the world's biggest banks in the years running up to the financial crisis in 2008.