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

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

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

Stocks firm, dollar on edge ahead of Fed decision

US wage growth moderates, Wall Street rallies MSCI AxJ index up 0.6%; dollar flat All eyes on 1900 GMT Fed announcement SINGAPORE, Feb 1 (Reuters) – Asia’s stock markets steadied on Wednesday, with signs of a slowdown in US wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes … Read more

Two years on, Myanmar coup takes a ‘catastrophic toll’

Jan 31 (Reuters) – Two years after Myanmar’s military coup, a young factory worker turned resistance fighter mourns the loss of his leg in battle. A former diplomat has not seen his family in four years. A beauty queen adjusts to a new life in wintry Canada. And an exiled teacher dreams of returning to … Read more

Western allies differ over jets for Ukraine as Russia claims gains

Biden says “no” when asked about F-16s for Ukraine Zelenskiy says Moscow seeks ‘big revenge’ Russian administrator claims foothold in Vuhledar Kyiv could recapture ground when Western weapons arrive – group KYIV, Jan 31 (Reuters) – Ukraine’s defense minister is expected in Paris on Tuesday to meet President Emmanuel Macron amid a debate among Kyiv’s … Read more