BEIJING (AP) — Asian stock markets fell Monday and oil prices rose amid concern about a possible Russian invasion of Ukraine. Tokyo’s benchmark index fell by an unusually wide daily margin of 2.6%. Shanghai, Hong Kong and Seoul also retreated. On Wall Street, the benchmark S&P 500 index tumbled 1.9% on Friday after the White…
By Wayne Cole SYDNEY (Reuters) – Asian shares and European stock futures sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro. EUROSTOXX 50 futures shed 1.6% and FTSE futures 0.5%. S&P 500 futures edged up 0.3% and Nasdaq futures…
SHANGHAI (Reuters) – Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China’s Cross-border Interbank Payment System (CIPS) outside mainland China. Backed by the People’s Bank of China (PBOC), China launched the CIPS clearing and settlement services system in 2015 to…
(Reuters) – U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade Commission sued to block the deal in late-January on the grounds that it would allow Lockheed to use its control of…
By Wayne Cole SYDNEY (Reuters) – Asian shares sagged on Monday as warnings that Russia could invade Ukraine at any time sent oil prices to seven-year peaks, boosted bonds and belted the euro. The United States on Sunday said Russia might create a surprise pretext for an attack, as it reaffirmed a pledge to defend…
(Reuters) -U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade Commission sued to block https://reut.rs/3BkwpIX the deal in late-January on the grounds that it would allow Lockheed to use its control of…
By Anshuman Daga SINGAPORE (Reuters) – DBS Group flagged strong business momentum after its profit rose to a record last year, cementing a recovery for Southeast Asia’s largest lender as pandemic-hit economies rebound and boost loan growth and asset quality. Singapore lenders are also expected to be big beneficiaries of rising interest rates, while the…
By Tom Westbrook SINGAPORE (Reuters) – The dollar and safe-haven currencies held gains and riskier ones struggled for traction on Monday, with traders on edge about the prospect of war in Europe and unsettled by soaring inflation. The risk of war in Ukraine has seen the euro retreat to $1.1360 from last week’s top of…
By Florence Tan SINGAPORE (Reuters) – Oil prices rose on Monday, climbing towards their highest levels in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger sanctions from U.S. and Europe and disrupt energy exports from the world’s top producer. Brent crude futures was at $95.73 a barrel…
(Reuters) – U.S. arms maker Lockheed Martin Corp said on Sunday it terminated its plan to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion. The move comes after the U.S. Federal Trade Commission, last month, voted unanimously to sue to block the deal over antitrust concerns. The merger, which was announced in…
