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

Russia advances in east Ukraine, strike on apartments kills civilians

Russian strike destroys apartment building; 3 dead – officials Zelenskiy gives gloomy assessment on Russian offensive in east Zelenskiy vows more anti-corruption measures New Russian offensive could begin on Feb. 24 – Ukraine minister KYIV, Feb 2 (Reuters) – The battle on the front lines in eastern Ukraine “has become tougher” as Russian forces push … Read more

Investor reaction to Adani market rout after short-seller report

SINGAPORE, Feb 2 (Reuters) – Adani Group called off a $2.5 billion share sale as losses for the conglomerate’s biggest firms snowballed to more than $100 billion in the wake of a US short-seller’s report. The rout has sparked concern that the fallout could also affect, more broadly, confidence in India. Following are comments from … 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

Adani market losses snowball to $100 bln on shelved share sale

NEW DELHI, Feb 2 (Reuters) – India’s Adani group shares sank on Thursday after market turmoil forced the conglomerate to ax a crucial $2.5 billion stock offering, deepening its market losses to more than $100 billion and sparking worries about the potential systemic impact. The withdrawal of Adani Enterprises’ (ADEL.NS) share sale marked a dramatic … 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

Analysis: Fed feeds Wall Street’s soft landing hopes, although recession fears still loom

Feb 2 (Reuters) – A more dovish-than-expected message from Federal Reserve Chairman Jerome Powell stands to further boost hopes of slowing rate hikes and a so-called economic soft landing that have fueled a powerful rebound in US stocks. For weeks, hopes that easing inflation and cooling growth will allow the Fed to pull back from … 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

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