February, 2017

• 6 February

  European stocks decline ahead of Draghi testimony

    Bloomberg European stocks fell on Monday, with banking shares surrendering early gains, as concern increased about the region’s political risks and as investors await European Central Bank President Mario Draghi’s testimony at the European Parliament. The Stoxx Europe 600 Index was down 0.6 percent as of 1:56 p.m. in London, after erasing an earlier gain of 0.2 percent. The ...

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• 6 February

  Treasuries, gold rise as US stocks slip with oil

    Bloomberg Treasuries rose with gold, while US and European equities slipped as a note of caution spread through global financial markets amid signs of growing political uncertainty in France and as investors await details from the Trump administration on promised pro-growth policies. The euro slumped versus the dollar and the region’s bonds advanced after prospective French presidential candidate Marine ...

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• 6 February

  Ryanair cautious on outlook as fare slump clips quarterly profit

  

    Bloomberg Ryanair Holdings Plc reported an 8 percent drop in third-quarter earnings and said it’s “cautious” about meeting full-year targets as a capacity glut and stuttering economies cause fares to tumble. Profit after tax fell to 95 million euros ($102 million) in the three months ended Dec. 31 from 103 million euros a year earlier, Dublin-based Ryanair said in ...

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• 6 February

  China’s first large homemade jet to fly this year

  

    DUBAI / Reuters After years of delays, China’s first large homemade passenger jetliner will take to the air for its maiden flight in the first half of this year, state media reported on Monday. State-owned aircraft maker Commercial Aircraft Corp. of China Ltd., or Comac, based in Shanghai, has nearly completed work on the 175-passenger C919, the ruling Communist ...

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• 6 February

  Sharp climbs after narrowing loss outlook

    Bloomberg Sharp Corp. rose the most in two weeks after the company narrowed its full-year loss outlook and posted its first quarterly profit in more than two years. The shares climbed as much as 4.5 percent to 327 yen in Tokyo on Monday, the biggest intraday jump since Jan. 23. The net loss will reach 37.2 billion yen ($330 ...

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• 6 February

  Berkshire’s airline bet to stem from faith in Parker’s call

  

    Bloomberg Warren Buffett once quipped that a ‘farsighted capitalist’ should have shot down Orville Wright at Kitty Hawk to spare investors all the losses they would suffer on airlines in the decades after the birth of flight. That’s why it was a surprise when, in November, the billionaire’s Berkshire Hathaway Inc. disclosed investments in the four largest US carriers: ...

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• 6 February

  Refugees in Indonesia protest slow ‘UN resettlement’

  

    JAKARTA / AP Asylum seekers who have been in Indonesia for years rallied in the capital on Monday urging the UN refugee agency to speed up the process of resettling them in third countries. Dozens of people from war-torn nations including Afghanistan, Iraq, Sudan and Somalia called on the UNHCR to accelerate their resettlement, expressing concerns that they could ...

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• 6 February

  Germany’s Merkel, Bavarian allies seek pre-election unity

    BERLIN / AP Chancellor Angela Merkel is meeting her Bavarian conservative allies in a show of unity following a long-running argument over migrant policy, setting the scene for a joint campaign for German elections in September. Bavaria’s Christian Social Union has dominated its southeastern state for decades and is traditionally an important source of national election votes for the ...

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• 6 February

  New Pentagon chief Mattis a hit in Japan, S Korea

  

    TOKYO / AP In his debut abroad as the first retired general to lead the Pentagon in more than half a century, Jim Mattis found that in Japan and South Korea his experience in uniform is seen as an asset. Not everyone who knows Mattis well in the US shares that view, but he clearly was an instant hit ...

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• 6 February

  New Chinese missile makes latest appearance in drills

    BEIJING / AP A highly accurate Chinese ballistic missile capable of threatening U.S. and Japanese bases in Asia has made its latest appearance at recent Rocket Force drills. The medium-range DF-16 featured in a video posted last week on the Defense Ministry’s website showing the missiles aboard their 10-wheeled mobile launch vehicles being deployed in deep forest during exercises ...

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