News
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HSBC investors back CEO's investment banking retrenchment
Planned cuts and fears of more dent morale, sources sayAnnual savings estimates range between $1.5 bln and $3.8 blnUS tariffs cast shadow over global trade prospectsAdds company executive on China in paragraphs 18- 19By Sinead Cruise, Lawrence White and Selena Li LONDON/HONG KONG, Feb 17 (Reuter...Reuters
Mon, Feb 17
BRIEF-Sun Pharma MD Tells ET NOW Possible US Tariffs To Have No Major Impact On Indian Pharma Industry
Feb 17 (Reuters) - Sun Pharma MD To ET NOW:NO MAJOR IMPACT OF POSSIBLE US TARIFFS ON INDIAN PHARMA INDUSTRYANY IMPACT FROM US TARIFFS WILL BE MINIMALMOST OF THE US TARIFFS, IF IMPOSED, WILL BE PASSED ON TO CONSUMERSFurther company coverage: SUN.NSReuters
Mon, Feb 17
Global aerospace firms turn to India amid Western supply chain crisis
.By Nivedita Bhattacharjee BENGALURU, Feb 17 (Reuters) - Airbus AIR.PA, Collins Aerospace, Pratt & Whitney, and Rolls-Royce RR.L are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insi...Reuters
Mon, Feb 17
Stellantis to produce transmissions for hybrid vehicles in Termoli, sources say
MILAN, Feb 17 (Reuters) - Stellantis STLAM.MI will produce dual-clutch transmissions for hybrid vehicles also at its Termoli plant in southern Italy to help expand its offerings of hybrid cars, two sources told Reuters on Monday.Termoli in one of the sites where Stellantis-led joint venture ACC is p...Reuters
Mon, Feb 17
Russia's wealth fund chief will meet U.S. delegation in Saudi Arabia - source in Riyadh
Adds details on DmitrievMOSCOW, Feb 17 (Reuters) - Russia's sovereign wealth fund chief Kirill Dmitriev will meet a U.S. delegation in Saudi Arabia on Tuesday to focus on strengthening ties and increased economic cooperation, a source in Riyadh told Reuters.The meeting involving Dmitriev is the ...Reuters
Mon, Feb 17
QUOTES-The significance of China Xi's meet with private enterprises
Adds quotes; paragraphs 4-7 Feb 17 (Reuters) - China's President Xi Jinping spoke on Monday at a symposium on private enterprises attended by tech entrepreneurs including Alibaba 9988.HK co-founder Jack Ma, state media said, but gave no specific details. Last week Reuters reported the symposi...Reuters
Mon, Feb 17
Russia's wealth fund chief will meet U.S. delegation in Saudi Arabia - source in Riyadh
MOSCOW, Feb 17 (Reuters) - Russia's sovereign wealth fund chief Kirill Dmitriev will meet a U.S. delegation in Saudi Arabia on Tuesday to focus on strengthening ties and increased economic cooperation, a source in Riyadh told Reuters.The meeting involving Dmitriev is the first confirmation that ...Reuters
Mon, Feb 17
Top security advisers of Japan and Philippines discuss South China Sea cooperation
MANILA, Feb 17 (Reuters) - Philippine National Security Adviser Eduardo Ano spoke with his Japanese counterpart Masataka Okano on Monday to discuss areas of cooperation to address "destablising actions" in the South China Sea, his office said.Reuters
Mon, Feb 17
Hungary welcomes the restart of Russia-U.S. talks, says foreign minister
BUDAPEST, Feb 17 (Reuters) - Hungary welcomes the restart of the high level talks between Russia and the United States, Foreign Minister Peter Szijjarto said in a live Facebook video on Monday after meeting his counterpart in Kazakhstan.Szijjarto also said that "pro-war" European leaders are...Reuters
Mon, Feb 17
CORRECTED-RPT-HSBC investors back CEO's investment banking retrenchment
Corrects first name of HSBC CEO in paragraph 4, date of results in paragraph 7Planned cuts and fears of more dent morale, sources sayAnnual savings estimates range between $1.5 bln and $3.8 blnUS tariffs cast shadow over global trade prospectsBy Sinead Cruise, Lawrence White and Selena Li LONDON...Reuters
Mon, Feb 17
CORRECTED-HSBC investors back CEO's investment banking retrenchment
Corrects first name of HSBC CEO in paragraph 4, date of results in paragraph 7Planned cuts and fears of more dent morale, sources sayAnnual savings estimates range between $1.5 bln and $3.8 blnUS tariffs cast shadow over global trade prospectsBy Sinead Cruise, Lawrence White and Selena Li LONDON...Reuters
Mon, Feb 17
European leaders to discuss how to prevent Russian aggression end up rewarded
MADRID, Feb 17 (Reuters) - Spanish Foreign Minister Jose Manuel Albares said the European leaders will discuss in Paris on Monday how to prevent a peace negotiation on Ukraine to end up rewarding the Russian aggression."A war of aggression cannot be rewarded, we cannot encourage others to launch...Reuters
Mon, Feb 17
Euro zone bond yields rise, Ukraine in focus
Feb 17 (Reuters) - Euro zone government bond yields rose on Monday while markets were eyeing political developments around a potential peace deal in Ukraine. French President Emmanuel Macron will host European leaders, including Britain's prime minister on Monday for an emergency summit on t...Reuters
Mon, Feb 17
China urges US to 'correct its mistakes' after State Department website removes Taiwan independence reference
China angered after State Dept website changes wording on TaiwanChina considers Taiwan is most sensitive diplomatic issueTaiwan's government rejects Beijing's sovereignty claimsRecasts, adds Chinese foreign ministry comment, paragraphs 5, 6, changes dateline to BEIJING/TAIPEIBy Joe Cash and ...Reuters
Mon, Feb 17
BRIEF-QIA Says Builders VC Announces New Office In Doha, Qatar
Feb 17 (Reuters) - QATAR INVESTMENT AUTHORITY (QIA):BUILDERS VC EXPANDS INTO MIDDLE EAST WITH NEW DOHA OFFICE AND A STRATEGIC PARTNERSHIP WITH QIABUILDERS VC OFFICE WILL BE LED BY TARIK SULTAN, PARTNER AND HEAD OF THE MENA REGIONReuters
Mon, Feb 17
California insurance commissioner Lara questions State Farm on proposed rate hikes
By Isha MaratheFeb 14 - (The Insurer) - California Insurance Commissioner Ricardo Lara told State Farm General that the company had not adequately shown why it needed emergency interim rate hikes on its policies, and has requested a meeting on 26 February with the insurer.“Under the strict review l...Reuters
Mon, Feb 17
China says US position on Taiwan issues has 'regressed'
BEIJING, Feb 17 (Reuters) - The United States' position on Taiwan-related issues has "seriously regressed", the Chinese foreign ministry's spokesperson said on Monday, after the U.S. State Department's removal of a reference to Taiwan's independence in an update to the Taiwan...Reuters
Mon, Feb 17
Sound Sino-European ties are desired by the world, Chinese foreign ministry says
BEIJING, Feb 17 (Reuters) - The Chinese foreign ministry said on Monday that the international community wanted steady and sound Sino-EU relations now more than ever. The international community is also eager for China and Europe to become a constructive force in a changing world, said Guo Jiakun, a...Reuters
Mon, Feb 17
BRIEF-IP Says P2b Study Of Leramistat In RA Did Not Meet Primary Endpoint
Feb 17 (Reuters) - IP Group PLC IPO.L:ISTESSO UPDATE ON P2B STUDY OF LERAMISTAT IN RASTUDY DID NOT MEET PRIMARY ENDPOINT OF IMPROVEMENT IN ACR20 VERSUS PLACEBOSIGNIFICANT IMPROVEMENTS WERE SEEN IN KEY SECONDARY ENDPOINTNO NEW SAFETY CONCERNS WERE IDENTIFIED IN STUDYSource text: ID:nRSQ3274XaFurther ...Reuters
Mon, Feb 17
