Euro dips as ECB meets market expectations

NEW YORK, Feb 2 (Reuters) – The euro dipped against the dollar on Thursday after the European Central Bank (ECB) hiked interest rates by a widely expected 50 basis points and offered no new hawkish surprises, while the Bank of England (BofE) adopted a more dovish tone on inflation. The ECB penciled in at least … Read more

Canadian lawmakers back resettlement of 10,000 Uyghur Muslims

OTTAWA, Feb 1 (Reuters) – The Canadian parliament on Wednesday unanimously voted in favor of a non-binding proposal for the resettlement of 10,000 Uyghur Muslim refugees from China’s Xinjiang region into Canada over two years. The House of Commons voted 322-0 for Liberal member of parliament Sameer Zuberi’s bill, which also called on the government … Read more

Philippines grants US greater access to bases amid China concerns

Philippines, US agree to add four locations under EDCA The agreement comes amid tensions in the South China Sea, over Taiwan EDCA allows US access to Philippine military bases MANILA, Feb 2 (Reuters) – The Philippines has granted the United States expanded access to its military bases, the countries said on Thursday, amid mounting concern … Read more

Honda to start producing new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co ( 7267.T ) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co ( GM.N ) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. Honda will target annual sales of … Read more

Morning bid: Markets go all in for disinflation

SYDNEY, Feb 2 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still … Read more

North Korea says US drills have pushed situation to ‘extreme red-line’ – KCNA

SEOUL, Feb 2 (Reuters) – North Korea’s Foreign Ministry said on Thursday that drills by the United States and its allies have pushed the situation to an “extreme red-line” and threaten to turn the peninsula into a “huge war arsenal and a more critical war zone.” The statement, carried by state news agency KCNA, said … Read more

Samsung’s newest Galaxy S smartphones a test of brand power in weak market

SEOUL/SAN FRANCISCO, Feb 1 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest premium smartphones with a focus on their powerful cameras on Wednesday, in a test of its brand power as the market for mobiles undergoes unprecedented contraction. Analysts said the Galaxy S23 smartphone series, with its cameras and faster chips than its predecessor, could … Read more

Dollar falls to nine-month low as Powell notes progress in disinflation

NEW YORK, Feb 1 (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of currencies after Federal Reserve Chair Jerome Powell spoke of making progress in bringing down inflation pressures, even as the US central bank warned of further monetary policy tightening. Powell, speaking in a news … Read more

Asian shares jump, dollar eases after Powell comments

SINGAPORE, Feb 2 (Reuters) – Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite and hope that the US central bank will soon end its monetary tightening streak. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.84% ​​higher, … Read more

Myanmar junta extends emergency as coup anniversary marked by ‘silent protest’

Junta extends state of emergency, says elections must be successful ‘Current situation is under unusual circumstances,’ acting president says Streets deserted in some Myanmar cities for silent protest Protesters hold rallies in Thailand and the Philippines Feb 1 (Reuters) – Myanmar’s junta extended the country’s state of emergency by another six months, the acting president … Read more