International

US existing home sales drop to more than two-year low in January

Home sales dropped 8.4% last month to a seasonally adjusted annual rate of 3.91 million units

The Dow Jones Industrial Average rose 48.9 points, or 0.10 per cent, to 50,170.27 at the open.

Wall St rises as markets assess economic data

[NEW YORK] Wall Street’s main indexes inched higher on Thursday (Feb 12), a day after robust jobs growth and a dip in unemployment eased concerns around the US economy, while investor attention turned...

Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 227,000 for the week ended February 7.

US weekly jobless claims fall less than expected

The fall reversed only a fraction of the prior week’s jump

Air Canada said the purchase will add to an order book of 30 Airbus A321XLRs, 23 Airbus A220s and 14 Boeing 787-10 Dreamliners.

Airbus wins major order for A350 widebody jets from Air Canada

The purchase agreement, if all rights are exercised, would be valued at about US$3 billion

CK Hutchison said that Panama has provided no clear assurances about PPC’s continued operations at Balboa and Cristobal.

CK Hutchison warns of legal action if Maersk takes over Panama’s Balboa, Cristobal terminals

The move comes after Panama’s Supreme Court annulled key port contracts held by PPC

Nissan reported a 44% fall in operating profit to 17.5 billion yen for the October-to-December quarter, reflecting strong headwinds from US tariffs.

Nissan sees smaller full-year operating loss as turnaround efforts bear fruit

This includes reducing its global manufacturing footprint and cutting its workforce by 15%

Hermes’ full-year operating profit came in at 6.6 billion euros , reflecting a 41% profit margin.

Hermes reports 9.8% revenue growth in fourth quarter, beating expectations

In the Americas region, mainly the US, sales have risen by 12.1%

The Bank of England, as well as economists polled by Reuters, had forecast 0.2% Q4 growth compared with the previous three months.

UK economy barely grows in Q4 as Budget uncertainty weighs

The figures underscore why investors think BOE is more likely to cut interest rates again in March

The company has become a symbol of the sector’s failure, facing criticism over sewage pollution while wrestling with nearly £20 billion of debt.

UK’s Thames Water starts process to unlock £823 million of new debt

It has spent three years fighting to avoid nationalisation

The assets, including luxury condominiums, yachts and cars, were frozen by the Anti-Money Laundering Office in December.

Thailand moves to seize US$420 million assets linked to scammers

Assets facing confiscation include those belonging to alleged scam kingpin Chen Zhi