HONG KONG (Reuters) – The Hong Kong stock exchange operator’s 2021 net profit rose 9% but missed expectations, as China’s regulatory crackdowns resulted in fewer listings and struggling markets hurt its investment income. Hong Kong Exchanges and Clearing reported on Thursday a full-year net profit of HK$12.5 billion ($1.60 billion), up from 2020’s HK$11.51 billion,…
By Andrew Galbraith SHANGHAI (Reuters) – Global stocks and U.S. bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher after Russian President Vladimir Putin issued a blistering warning against Ukraine and authorised special military operations in Ukraine’s Donbass region. Several explosions were heard in the Ukrainian capital, Kyiv, before dawn,…
OMAHA, Neb. (AP) — A federal judge has extended an order preventing the two largest unions at BNSF from going on strike over a new attendance policy the railroad imposed this month. The judge ruled that a strike by the unions that represent 17,000 BNSF workers would violate federal law because the issue is a…
DETROIT (AP) — The CEO of Ford Motor Co. says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales. Ford CEO Jim Farley told the Wolfe Research virtual global auto technology conference Wednesday…
By Andrew Galbraith SHANGHAI (Reuters) – Global stocks extended a sell-off, the dollar, gold and oil prices jumped, and U.S. Treasury yields fell on Thursday amid growing fears of a full-scale Russian invasion of Ukraine. As one of the worst post-Cold War security crises in Europe for decades worsens, U.S. Secretary of State Antony Blinken…
WASHINGTON (Reuters) -The Federal Aviation Administration has warned that 5G wireless operations can interfere with radio altimeters in Boeing 737s, impeding a crew’s ability to safely fly or land, but FAA officials stressed the issue poses little practical effect for airlines. Despite dire-sounding language in the FAA airworthiness directive issued on Wednesday about potential effects…
By Kevin Buckland TOKYO (Reuters) – The euro weakened and safe-haven currencies including the U.S. dollar were in demand on Thursday amid intensifying fears of an imminent full-scale Russian invasion of Ukraine. The greenback, yen and Swiss franc all rose back toward multi-week highs to Europe’s single currency, while the greenback hovered near a one-week…
By Jeff Mason WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on the company in charge of building Russia’s Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine. The sanctions, which target the Nord Stream 2 AG company and its CEO, Matthias Warnig, add to…
(Reuters) – Asia-focused insurer AIA Group said on Thursday it would sell its Australian savings and investments business to local life insurance firm Resolution Life Australasia, noting it is “non-core” to its strategy. AIA did not disclose a deal value for the sale, but said the business holds about A$8 billion ($5.77 billion) in funds…
(Reuters) -Booking Holdings posted quarterly profit and revenue above market expectations on Wednesday and said it is seeing an uptick in bookings, driven primarily by a recovery in cross-border travel within the European region and North America. Pent-up demand and easing COVID curbs have in recent months sparked a surge in flight and hotel room…
