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GLOBAL MARKETS-Stocks, dollar rise as House advances Trump's tax cut plans
Global shares rose on Wednesday after House Republicans advanced U.S. President Donald Trump's tax cut plans, which also supported the dollar and helped Treasury yields regain some lost ground.
Feb 26, 2025
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China to start re-capitalizing banks with $55 billion, Bloomberg News reports
Adds share prices in paragraph 9, context of China's annual parliamentary meeting 13 Feb 26 (Reuters) - China plans to inject at least 400 billion yuan ($55.13 billion) into its biggest banks in coming months as part of a broader stimulus package to revive growth in the economy, Bloomberg New...
Feb 26, 2025

METALS-London copper climbs, Trump raises fresh tariff fears
NEW DELHI, Feb 26 (Reuters) - London copper was slightly higher on Wednesday, but gains were kept in check as caution prevailed after U.S. President Donald Trump ordered a probe into potential new tariffs on copper imports, aimed at boosting U.S. production.
Feb 26, 2025

CICC to merge with Galaxy Securities to form China's No.3 brokerage, say sources
State-owned China International Capital Corp (CICC) 3908.HK is set to merge with its peer China Galaxy Securities 6881.HK, said five sources, in a deal that would create the country's third-largest brokerage with $193 billion in assets.
Feb 26, 2025

Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
10,000 civil service jobs to be cut before 2027, public sector pay freezeGovernment aims for 7% expenditure cut by 2027-28GDP forecast to grow 2-3 percent this yearGeopolitics to "bring challenges" to HK economyAdds analyst quote, GDP figures, market reactionBy Jessie Pang and Clare Jim H...
Feb 26, 2025

Geely's Swedish brand to launch hybrid SUV with longest electric range in Europe
Feb 26 (Reuters) - Geely-owned Lynk & Co will launch a plug-in hybrid SUV in June with the longest electric range in Europe, the Swedish premium car brand said on Wednesday, adding to growing competition in the continent's hybrid and electric car market.
Feb 26, 2025

Euro zone bond yields edge up from week-lows
Feb 26 (Reuters) - Euro zone government bond yields edged up on Wednesday from their lowest level in over a week, as traders continued to weigh the prospect of increased European defence spending, while digesting a rebound in U.S. Treasury yields.
Feb 26, 2025

PRECIOUS-Gold eases on firmer dollar, Trump tariff plans in focus
Long-term outlook for gold remains firm to cross $3,100, analyst saysTrump orders new probe into potential tariffs on US copper importsMarkets await US PCE data due on FridayUpdates with market trading lowerBy Anushree Mukherjee Feb 26 (Reuters) - Gold prices dipped on Wednesday as the dollar tic...
Feb 26, 2025

Japan's Nikkei touches 4-month low on US economic outlook woes, stronger yen
TOKYO, Feb 26 (Reuters) - Japan's Nikkei share average fell to a four-month low on Wednesday amid worries about the U.S. economic outlook and a stronger yen, but trimmed its losses by the close as investors sought to buy back cheap stocks.
Feb 26, 2025

METALS-London copper trims early gains on stronger dollar, US tariff fears
Recasts paragraph 1, updates prices NEW DELHI, Feb 26 (Reuters) - London copper gave up some early gains on Wednesday, weighed down by a stronger dollar and as caution prevailed after U.S. President Donald Trump ordered a probe into potential new tariffs on copper imports, aimed at boosting U.S. ...
Feb 26, 2025

German consumer sentiment unexpectedly worsens in March, GfK finds
BERLIN, Feb 26 (Reuters) - German consumer sentiment is set to darken heading into March, bucking expectations for a slight improvement, as households keep a wary eye on the economic and political situation in Europe's biggest economy, a survey indicated on Wednesday.
Feb 26, 2025

US dollar lifts from 11-week low despite soft economic data, tariff worries
TOKYO, Feb 26 (Reuters) - The U.S. dollar pulled off an 11-week low versus major peers on Wednesday, helped by a rebound in short-term Treasury yields even as a run of weak economic data weighed on investor sentiment.
The Canadian dollar slipped to a two-week low and the Mexican peso was weaker...
Feb 26, 2025

Putin envoy says Russia and US are interested in finding joint economic projects, TASS reports
Russia and the United States are interested in finding joint economic projects, a newly appointed Russian presidential envoy was quoted by state news agency TASS as saying on Wednesday.
Feb 26, 2025

[Reuters Analysis] Key energy and output data to track as Germany charts economic revival: Maguire
Following rare back-to-back economic contractions in 2023 and 2024, German businesses are hopeful that a new government formed by the conservative CDU/CSU party and the center-left Social Democrats can revive Europe's largest economy in 2025.
Feb 26, 2025

[Reuters Analysis] Forget stock tweets, Trump 2.0 is watching bonds: McGeever
In U.S. President Donald Trump's first term in office, he regularly posted boastful tweets when Wall Street hit fresh highs, taking credit for the record stock prices that he believed would fuel wider economic growth.
Feb 26, 2025

FOREX-US dollar wallows near 11-week low amid soft economic data, tariff worries
TOKYO, Feb 26 (Reuters) - The U.S. dollar sagged near an 11-week low against its major peers on Wednesday, under pressure from sliding short-term Treasury yields after a run of weak economic data.
Feb 26, 2025

SEC extends key deadlines for US Treasury clearing rule
NEW YORK, Feb 25 (Reuters) - Wall Street's top regulator hit the brakes on a key reform on Tuesday, delaying by a year the rollout of new rules designed to curb systemic risk in the $28.5 trillion U.S. Treasury market by channeling more trades through clearing houses.
Feb 26, 2025

Apple shareholders vote to keep its diversity policies
Feb 25 (Reuters) - Apple AAPL.O shareholders voted to keep the tech giant's diversity, equity and inclusion policies on Tuesday, a win for management which had opposed efforts by a conservative group to scrap the program.
Feb 26, 2025

US lawmakers warn that China could use Musk to influence Trump
Musk has substantial business interests in ChinaBillionaire is close Trump ally heading effort to downsize governmentChina sees some Musk ventures as security risksAdds Chinese embassy comment, paragraphs 5 and 6By Michael Martina and David Brunnstrom WASHINGTON, Feb 25 (Reuters) - The Republican
Feb 26, 2025

Musk's new ultimatum spurs fresh confusion among US government workers
WASHINGTON, Feb 25 (Reuters) - Federal workers faced fresh uncertainty about their futures on Tuesday after Elon Musk gave them "another chance" to respond to his ultimatum that they justify their jobs or risk termination, contradicting guidance from some Trump administration officials that the requ
Feb 26, 2025



