Spain, Morocco seek reset of testy relationship at Rabat summit

Spain, Morocco hold first summit in eight years Relations long strained by illegal migration issue Expected to sign up to 20 agreements on trade, investment RABAT, Feb 2 (Reuters) – Spain and Morocco have agreed to set aside their differences, Spanish Prime Minister Pedro Sanchez said on Thursday, as they seek to repair a relationship … Read more

Sex, lies and video cams: Andrew Tate turned women into slaves, prosecutors say

BUCHAREST, Feb 2 (Reuters) – The woman from Moldova thought it was love. Internet celebrity Andrew Tate had offered her a new life. They’d even discussed marriage. He asked for only one thing: absolute loyalty. “You must understand that once you are mine, you will be mine forever,” Tate told her on Feb. 4 last … Read more

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

Shell 2022 profit more than doubles to record $40 bln

Fourth-quarter profit of $10 billion beats estimates Shell to repurchase $4 billion in shares Shares up 2.5% by 1002 GMT LONDON, Feb 2 (Reuters) – Shell ( SHEL.L ) delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after … Read more

Asset managers, banks call on EU to cost plans to grab euro clearing from London

LONDON, Feb 2 (Reuters) – Asset managers, hedge funds and banks on Thursday called on the European Union to properly cost its plans to force market participants to shift derivatives clearing business from London to mandatory accounts in the bloc. London Stock Exchange Group’s LCH and ICE in London have long dominated parts of the … Read more

Airbus and Qatar Airways settle bitter A350 jet row

PARIS, Feb 1 (Reuters) – Airbus ( AIR.PA ) and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The “amicable and mutually agreeable settlement” ends a $2 … 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

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

UK’s teachers and civil servants join mass strike on ‘Walkout Wednesday’

Up to 500,000 people expected to join UK strikes Government says big pay rises will fuel inflation Schools shut, most trains not running More strikes involving health workers due next week LONDON, Feb 1 (Reuters) – Up to half a million British teachers, civil servants, and train drivers walked out over pay in the largest … Read more

Oil stable as market awaits Fed, OPEC decisions

LONDON, Feb 1 (Reuters) – Oil prices were broadly stable as the market is looking towards a meeting of OPEC and its allies as well as a Federal Reserve rate decision and US government data on crude and fuel stockpiles on Wednesday. Brent crude futures dipped 11 cents, or 0.1%, to $85.35 a barrel at … Read more