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REUTERS/Elizabeth Frantz/File PhotoWASHINGTON, Jan 27 (Reuters) - President Joe Biden on Thursday called on Congress to immediately enshrine the Equal Rights Amendment in the U.S. Constitution and formally protect women's rights decades nearly a century after lawmakers first raised them. In a statement, Biden urged Congress "to pass a resolution recognizing ratification of the ERA," saying recent legal analysis showed there was nothing preventing lawmakers from acting. The Democratic president's call comes amid jostling over the deadline to enact the ERA, which passed Congress in 1972 with a 1982 deadline to be enacted if 38 state legislatures voted to approve. The resolution "reaffirms what we already know to be true: the Equal Rights Amendment is the 28th amendment to the U.S. Constitution," Maloney said. The issue also remains entangled in the federal courts: Virginia, Illinois and Nevada sued to have the ERA declared valid.
Persons: Elizabeth Frantz, Jan, Joe Biden, Biden, Donald Trump, Carolyn Maloney, Maloney, Susan Heavey, David Morgan, Doina, Tomasz Janowski, Jonathan Oatis Organizations: U.S, Capitol, REUTERS, Constitution, Democratic, Reuters.com, Democrats, U.S . House, Senate, Republican, Department, U.S . National Archives, Records Administration, Justice, Thomson Locations: Washington , U.S, U.S, Virginia, Virginia , Illinois, Nevada
The nuanced Kremlin reaction made clear that Russia was not rejecting the U.S. and NATO responses out of hand or closing the door to diplomacy. The Russian foreign ministry said the best way to reduce tensions was for NATO to withdraw forces from eastern Europe, but also sought to quash fears of an invasion. Russia is the world's second-largest oil producer, and the crisis over Ukraine has fanned fears that energy supplies to Europe will be disrupted. Ukrainian, Russian, German and French diplomats discussed the conflict in eastern Ukraine in Paris on Wednesday and agreed more talks should be held in Berlin in two weeks. He said Moscow believed Washington was preparing to deploy short and intermediate range missiles to Europe and the Asia-Pacific region.
Persons: Jan, Dmitry Peskov, Russia's, Alexei Zaitsev, Peskov, Volodymyr Zelenskiy, Joe Biden, Sergey Pivovarov Read, Mevlut Cavusoglu, Dmytro Kuleba, Sergei Lavrov, Vladimir Putin, Putin, Vladimir Ermakov, Biden, Nikolaj Skydsgaard, Natalia Zinets, Pavel Polityuk, Matthias Williams, Dmitry Antonov, Maxim Rodionov, Vladimir Soldatkin, Alexander Marrow, Mark Trevelyan, Timothy Heritage, Nick Macfie, Gareth Jones Organizations: NATO, U.S, Reuters, Kyiv, Russian, REUTERS, Ukraine's, NATO REDEPLOYMENTS TASS, Thomson Locations: Moscow, Ukraine, MOSCOW, Russia, United States, Europe, Russian, Ukrainian, Rostov, U.S, Turkey, Turkish, Ankara ., Crimea, Paris, Berlin, Washington, Asia, Pacific, Lithuania, Denmark, Estonia, Copenhagen, Ankara, Kyiv
Leading gains on the benchmark S&P 500 was a 18.4% surge in hard-disk maker Seagate Technology's shares (STX.O) followed by a 13.5% jump in digital workflow company ServiceNow Inc (NOW.N). The S&P 500 hit a three-month low last week as fears over uncertainty around Fed policy tightening hit richly valued growth stocks. read moreThe S&P 500 index fell in the previous session amid volatile trading, flirting with a correction for its third straight session. Analysts expected earnings from S&P 500 companies to grow 24.4% year-over-year, according to Refinitiv, as of Wednesday. The S&P index recorded 16 new 52-week highs and three new lows, while the Nasdaq recorded 14 new highs and 84 new lows.
Persons: Brendan McDermid, William Ackman, David Bahnsen, Jerome Powell, Thomas Hayes, Bansari Mayur, Shounak Dasgupta, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Intel, Netflix, Dow, Nasdaq, Federal Reserve, Seagate, ServiceNow Inc, Netflix Inc, Microsoft, Bahnsen, Great, Capital, Dow Jones, Tesla Inc, Intel Corp, NYSE, Thomson Locations: New York City, U.S, Ukraine, Russia, New York, Bengaluru
Russian politicians have pressed for a change of tack by the central bank, which has proposed restricting cryptocurrency trading and mining because of concerns it may cause financial instability. President Vladimir Putin has called for the central bank to find a consensus on how to deal with the cryptocurrency business, which central banks and regulators around the globe have been grappling with. Kostarev said Russia, where the central bank says the annual volume of cryptocurrency transactions stands at about $5 billion, was strategically important for Binance. Russia for years opposed cryptocurrencies, saying they could be used in money laundering or to finance terrorism. Kostarev said Russia's approach now could help determine how other nations in the region dealt with cryptocurrencies.
Persons: Dado Ruvic, Jan, Vladimir Putin, Gleb Kostarev, Kostarev, cryptocurrencies, Binance, Elena Fabrichnaya, Alexander Marrow, Edmund Blair Organizations: REUTERS, Reuters, Thomson Locations: Russia, Ukraine, Kazakhstan, Uzbekistan
REUTERS/Octavio JonesWASHINGTON, Jan 27 (Reuters) - Contracts to buy U.S. previously owned homes fell for a second straight month in December amid record low inventory. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, dropped 3.8% last month to 117.7. Economists polled by Reuters had forecast contracts, which become sales after a month or two, dipping 0.2%. An acute shortage of previously owned homes is hampering sales. A total of 6.12 million previously owned homes were sold in 2021, the most since 2006 and up 8.5% from 2020.
Persons: Octavio Jones WASHINGTON, Jan, Lawrence Yun, Yun, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, National Association of Realtors, Reuters, NAR, Federal Reserve, Thomson Locations: Tampa , Florida, U.S
Biden, buoyed by GDP figures, urges Congress to pass bills
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: 1 min
U.S. President Joe Biden answers questions from reporters in the East Room of the White House in Washington, U.S., August 10, 2021. REUTERS/Evelyn Hockstein/File PhotoWASHINGTON, Jan 27 (Reuters) - U.S. President Joe Biden welcomed the strong GDP growth figure released on Thursday, saying his economic plan is working and urging Congress to pass legislation to make the United States more competitive. "I urge Congress to continue this momentum by passing legislation to make America more competitive, bolster our supply chains, strengthen our manufacturing and innovation, invest in our families and clean energy, and lower kitchen table costs," Biden said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Doina Chiacu;Our Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Evelyn Hockstein, Jan, Biden, Doina Chiacu Organizations: White, REUTERS, America, Thomson Locations: Washington , U.S, United States
Wall Street climbs at open on energy, banks boost
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: 1 min
A screen displays the Fed rate announcement as a specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022. REUTERS/Brendan McDermidJan 27 (Reuters) - Wall Street's main indexes opened higher on Thursday on gains in economy-sensitive energy and financial stocks, a day after hawkish comments from the Federal Reserve weighed on markets. The Dow Jones Industrial Average (.DJI) rose 93.66 points, or 0.27%, at the open to 34,261.75. The S&P 500 (.SPX) opened higher by 30.65 points, or 0.70%, at 4,380.58, while the Nasdaq Composite (.IXIC) gained 168.87 points, or 1.25%, to 13,710.99 at the opening bell. Register now for FREE unlimited access to Reuters.com RegisterReporting by Devik Jain in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid Jan, Devik Jain, Arun Koyyur Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Dow Jones, Nasdaq, Thomson Locations: New York City, U.S, Bengaluru
An advertising board is seen during the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. The highest indicative bid came in at just above 6 billion euros and included a premium based on Altice Portugal's market dominance, one of the sources said. A spokesperson for Altice said the company's Portuguese assets "were not for sale and are not for sale". read more"Altice needs to sell assets to focus more on other markets, such as Britain," the source said. "The company has a package of assets which are constantly being reviewed ahead of a possible sale and the Portuguese unit was - and still is - part of it."
Persons: Rafael Marchante, Patrick Drahi, Altice, Lazard, Pamela Barbaglia, Sergio Goncalves, Mathieu Rosemain, Kirsten Donovan Organizations: REUTERS, Reuters, Capital Partners, Telefonica, BT, Thomson Locations: Lisbon, Portugal, Europe, France, Britain, Portuguese, London, Paris
REUTERS/Thomas White//File PhotoJan 27 (Reuters) - Mastercard Inc beat quarterly profit expectations on Thursday as domestic spending through its cards rose and cross-border volumes grew following an uptick in international travel. Register now for FREE unlimited access to Reuters.com Register"We had a strong fourth quarter as spending trends continued to improve, with Q4 cross-border spending now above pre-pandemic levels," Chief Executive Michael Miebach said. The results were similar to rival American Express Co (AXP.N), which beat quarterly profit estimates on record levels of spending through its cards. The company's profit rose to $2.4 billion, or $2.41 per share, in the quarter ended Dec. 31, from $1.8 billion, or $1.78 per share a year earlier. On an adjusted basis, Mastercard earned $2.35 per share, above the analysts' average estimate of $2.21, according to Refinitiv data.
Persons: Thomas White, Michael Miebach, Sohini, Shounak Dasgupta, Arun Koyyur Organizations: Mastercard, REUTERS, Mastercard Inc, Gross, American Express, Thomson Locations: Bengaluru
A screen displays the Fed rate announcement as a specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022. read moreTech-heavy Nasdaq futures rose 0.4%. Fed Chair Jerome Powell warned inflation remains above its long-run goal and supply problems are bigger and more long-lasting than previously thought. read moreTraders priced in nearly five rate increases by December after the Fed announcement, after previously fully pricing for four. ET, Dow e-minis were up 43 points, or 0.13%, S&P 500 e-minis were up 14.25 points, or 0.33%, and Nasdaq 100 e-minis were up 62.5 points, or 0.44%.
Persons: Brendan McDermid, William Ackman, Jerome Powell, they've, Thomas Hayes, Bansari Mayur, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Intel, Netflix, Dow, Nasdaq, Federal Reserve, Netflix Inc, Microsoft, Fed, Great, Capital, Tesla Inc, chipmaker Intel Corp, Dow e, ServiceNow Inc, Thomson Locations: New York City, U.S, megacap, New York, Ukraine, The U.S, Europe, Moscow, Bengaluru
REUTERS/Kevin LamarqueWASHINGTON, Jan 27 (Reuters) - U.S. President Joe Biden on Thursday called on Congress to immediately act to enshrine the Equal Rights Amendment in the U.S. Constitution and formally protect women's rights decades after lawmakers adopted them. Biden, in a statement released by the White House, urged Congress "to pass a resolution recognizing ratification of the ERA" after a recent legal analysis said there was nothing preventing lawmakers from acting. "We must recognize the clear will of the American people and definitively enshrine the principle of gender equality in the Constitution. "No one should be discriminated against based on their sex—and we, as a nation, must stand up for full women’s equality." Register now for FREE unlimited access to Reuters.com RegisterReporting by Susan Heavey Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Stephen Breyer, Breyer, Kevin Lamarque WASHINGTON, Jan, Biden, Donald Trump, Susan Heavey, Tomasz Janowski Organizations: Supreme, White, REUTERS, Constitution, Justice Department, Thomson Locations: Washington , U.S, U.S
U.S. core capital good orders unchanged in December
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Timothy Aeppel/File PhotoWASHINGTON, Jan 27 (Reuters) - New orders for U.S.-made capital goods were unexpectedly unchanged in December, suggesting a loss of momentum in business spending on equipment amid shortages. The Commerce Department said on Thursday that the unchanged reading last month in orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, followed a 0.3% gain in November. Economists polled by Reuters had forecast these so-called core capital goods orders increasing 0.4%. Shipments of core capital goods jumped 1.3% last month after rising 0.4% in November. Core capital goods shipments are used to calculate equipment spending in the GDP measurement.
Persons: Timothy Aeppel, Jan, Lucia Mutikani, Hugh Lawson Organizations: Gent Machine, REUTERS, U.S, Commerce Department, Reuters, Thomson Locations: Cleveland , Ohio, U.S
But he said U.S. and NATO statements that Russia's main demands were unacceptable did not leave much room for optimism. The nuanced Kremlin reaction made clear that Russia was not rejecting the U.S. and NATO responses out of hand or closing the door to diplomacy. Russia denies planning to invade Ukraine but says it wants to enforce "red lines" to protect its own security. He has warned of an unspecified "military-technical response" - something defence analysts say could relate to missile deployments - if Russia's demands are ignored. Ermakov said Moscow believed Washington was preparing to deploy short and intermediate range missiles to Europe and the Asia-Pacific region.
Persons: Jan, Dmitry Peskov, Peskov, Sergey Pivovarov Read, Antony Blinken, Washington, Dmytro Kuleba, Kuleba, Sergei Lavrov, Lavrov, Putin, Russia's, Vladimir Ermakov, Ermakov, Nikolaj Skydsgaard, Mark Trevelyan, Timothy Heritage, Gareth Jones Organizations: Kremlin, U.S, NATO, Russian, REUTERS, Kyiv, Beijing, TASS, Thomson Locations: Moscow, Ukraine, MOSCOW, Russia, United States, Washington, Europe, Rostov, U.S, Ukrainian, Kyiv, Russian, China, Asia, Pacific, Copenhagen
The company posted a 4.5% rise in cable revenue to $16.41 billion. Comcast's NBCUniversal media unit saw a 25.6% rise in revenue, driven by a recovery in the company's theme parks division. Revenue at the theme parks division grew 191.3% from the same quarter last year, despite the lack of international travelers to U.S. parks, because of heavy domestic attendance. The theme parks division had the most profitable fourth quarter in NBCUniversal's history because domestic tourists spent more when they visited. Theme parks revenue amounted to $1.89 billion during the quarter, compared with $648 million a year ago, when stay-at-home orders crippled the business.
Persons: Dado Ruvic, Jan, Comcast's, Helen Coster, Eva Mathews, Cynthia Osterman Organizations: Comcast, REUTERS, Revenue, Thomson Locations: Refinitiv, U.S, New York, Bengaluru
Hainan Airlines expects to return to net profit for 2021
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
Hainan Airlines Airbus commercial passenger aircraft is pictured in Colomiers near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau/File PhotoBEIJING, Jan 27 (Reuters) - Hainan Airlines (600221.SS) expects to return to net profit for last year following restructuring and a pickup in domestic travel, the carrier said on Thursday. The airline expects to report a 2021 net profit of between 4.5 billion yuan and 6.2 billion yuan ($708 million to $975 million) after suffering a loss of 64 billion yuan a year earlier, it said in a stock filing. In early December, the indebted HNA Group (HNAIRC.UL) transferred management of its core aviation business, including Hainan Airlines, to strategic investor Liangning Fangda Group Industrial (BJFDAB.UL), wrapping up a years-long debt crisis at one of China's highest flying conglomerates. ($1 = 6.3604 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com RegisterReporting by Stella Qiu and Brenda Goh; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Regis, Jan, Stella Qiu, Brenda Goh, Jason Neely Organizations: Hainan Airlines Airbus, REUTERS, Hainan Airlines, HNA, Thomson Locations: Colomiers, Toulouse, France, BEIJING, Hainan
The sun sets on the U.S. Supreme Court after it was reported U.S. Supreme Court Justice Stephen Breyer will retire at the end of this term, in Washington, U.S., January 26, 2022. Biden's chance to pick a Supreme Court justice gives the White House an opportunity to tell a positive story, said Kyle Kondik, a political analyst at the University of Virginia's Center for Politics. Black women judges such as Washington, D.C.-based federal appeals court judge Ketanji Brown Jackson and California Supreme Court Justice Leondra Kruger are among those likely to be in contention. As with the abortion and gun cases, if the conservative justices all vote in lockstep, the liberal justices have no leverage. The court, with conservative Justice Amy Coney Barrett, would have four women justices serving together for the first time.
Persons: Stephen Breyer, Joshua Roberts, Jan, Joe Biden, Donald Trump, Biden White, Kyle Kondik, Kondik, Ketanji Brown Jackson, Justice Leondra Kruger, Breyer, Kamala Harris, Biden, Kelsi Brown, Roe, Wade, Carolyn Shapiro, Justice Elena Kagan, Sonia Sotomayor, Amy Coney Barrett, Kent's Shapiro, Clarence Thomas, Ruth Bader Ginsburg, Shapiro, Lawrence Hurley, Andrew Chung, Jason Lange, Scott Malone, Grant McCool Organizations: U.S, Supreme, REUTERS, Democratic, University of Virginia's Center, Politics, White, D.C, California Supreme, Republicans, Senate, Capitol, Georgetown University Law Center, Chicago, Kent College of Law, Thomson Locations: U.S, Washington , U.S, COVID, Washington, California, Mississippi, New York, lockstep, Chicago
Biden's fellow Democrats hold a razor-thin majority in the Senate, which under the U.S. Constitution confirms Supreme Court nominees. Senate Majority Leader Chuck Schumer said Biden's nominee to replace Breyer will receive a "prompt hearing" and will be considered and confirmed with "all deliberate speed." White House Press Secretary Jen Psaki said Biden will honor his presidential election campaign pledge to nominate a Black woman to fill any Supreme Court vacancy. Neither the White House nor the Supreme Court confirmed Breyer's retirement plans. 1/3 Supreme Court Justice Stephen Breyer at Capitol Hill in Washington May 20, 2010.
Persons: Breyer, Jan, Stephen Breyer, Joe Biden, Biden, Donald Trump, Chuck Schumer, Mitch McConnell, Jen Psaki, McConnell, Amy Coney Barrett, Dana Remus, Kamala Harris, Kevin Lamarque Read, Joe Manchin, Kyrsten, Bill Clinton, Ketanji Brown Jackson, Leondra Kruger, Clarence Thomas, Thomas, Thurgood Marshall, Trump's, Barrett, Ruth Bader Ginsburg, Lawrence Hurley, Andrew Chung, Kanishka Singh, Richard Cowan, Jeff Mason, Scott Malone, Will Dunham, Rosalba O'Brien Organizations: Liberal U.S, Supreme, Republican, U.S, Constitution, White House Press, CNN, Republicans, Capitol, REUTERS, Democratic, California Supreme, Senate, Biden, Trump, Affordable, Thomson Locations: WASHINGTON, Washington, California, Texas, Louisiana, New York, Bengaluru
The Robert Koch Institute for infectious diseases reported 203,136 positive tests in the last 24 hours, 69,600 cases more than the same day a week ago. Register now for FREE unlimited access to Reuters.com RegisterThe rising number of infections has led to staffing shortages in sectors including logistics, healthcare and child care. on Thursday, adding that up to 15% of cargo at Frankfurt was affected by delays. The German Hospitals Federation had warned earlier this week that three-quarters of hospitals were reporting higher than usual numbers of staff out on sick leave. German lawmakers debated on Wednesday whether to impose compulsory COVID-19 shots, while protesters gathered outside the parliament building.
Persons: Jan, Robert Koch, Olaf Scholz, Emma Thomasson, Ilona Wissenbach, Maria Sheahan, Miranda Murray, Kim Coghill, Mark Heinrich Our Organizations: Lufthansa Cargo, DHL, German Hospitals Federation, liberal Free Democrats, Thomson Locations: Germany, Frankfurt, United States, Canada, Europe, Leipzig, France, Italy, Spain
A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near Geneva, Switzerland, December 6, 2016. The Geneva-based company said on Thursday it planned between $3.4 billion and $3.6 billion in capital spending this year, compared with $1.8 billion in 2021. read moreTaiwanese chip firm TSMC this month said it expected strong growth to accelerate in coming years due to booming semiconductor demand. read moreSTMicro made fourth-quarter earnings per share of $0.82, beating ​analysts' average estimate of 69 cents per share, according to Refinitiv data. However, the group sees first-quarter sales around $3.5 billion, down 1.6% from the previous quarter, and gross margin around 45%.
Persons: Denis Balibouse, STMicro, Jan, Jean, Marc Chery, Mathieu Rosemain, Rashmi Aich, Mark Potter Organizations: REUTERS, Apple, Industry bellwether Texas, Toyota, Thomson Locations: STMicroelectronics, Geneva, Switzerland, Italy PARIS, Agrate, Italy
REUTERS/Nigel Roddis/File PhotoLONDON, Jan 27 (Reuters) - British car production last year fell to its lowest since 1956, largely due to a global shortage of semiconductor chips that caused automakers to slow or shutter plants while waiting for parts, an industry group said on Thursday. The Society of Motor Manufacturers and Traders (SMMT) said production fell 6.7% from 2020 to 859,575 vehicles and was 34% below the pre-pandemic year 2019. The overall fall in British car production was also partly caused by the long-planned closure of Honda's (7267.T) vehicle plant in Swindon. One bright spot was that Britain's electric vehicle production rose 72% last year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nick Carey Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Nigel Roddis, Mike Hawes, SMMT, Hawes, Nick Carey, Mark Potter Organizations: REUTERS, Society of Motor Manufacturers, Traders, European Union, Thomson Locations: Grimsby, England, Swindon
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-JiSEOUL, Jan 27 (Reuters) - Samsung Electronics Co Ltd (005930.KS) on Thursday forecast a recovery in global demand for tech devices in 2022 after reporting its highest fourth-quarter profit in four years, but warned of ongoing challenges from supply chain issues and COVID-19. Operating profit rose to 13.9 trillion won ($11.6 billion) for October-December, from 9 trillion won a year earlier, in line with the company's estimate of 13.8 trillion won earlier this month. read moreRegister now for FREE unlimited access to Reuters.com RegisterNet profit rose 64% to 10.8 trillion won. Revenue rose 24% to a record 76.6 trillion won.
Persons: Kim Hong, Ji, 1,197.0300, Joyce Lee, Heekyong Yang, Richard Pullin Organizations: Samsung Electronics, REUTERS, Samsung Electronics Co, Revenue, Thomson Locations: Seoul, South Korea South Korea, Ji SEOUL
S.Korea's LG Energy Solution shares jump in debut
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: 1 min
SEOUL, Jan 27 (Reuters) - South Korea's LG Energy Solution Ltd (LGES) (373220.KS) saw its shares nearly double in value from their initial public offering (IPO) price on their trading debut on Thursday. LGES shares opened at 597,000 won on debut on the KOSPI (.KS11) versus an IPO price of 300,000 won. But the shares fell more than 10% in early trading. The battery maker raised 12.8 trillion won ($10.69 billion) from its IPO, South Korea's biggest-ever. ($1 = 1,197.0300 won)Register now for FREE unlimited access to Reuters.com RegisterReporting by Jihoon Lee; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: LGES, 1,197.0300, Jihoon Lee, Christopher Cushing Organizations: Korea's LG Energy Solution, Korea's, Thomson Locations: SEOUL, KS
SHANGHAI, Jan 27 (Reuters) - China's financial regulators have met with the country's major bad loan companies to study how such asset management companies (AMCs) can participate in developers' asset disposals, the China Securities Journal reported on Thursday. China is encouraging state companies to acquire projects from cash-strapped developers to help ease severe liquidity stress on the sector that could threaten financial and social stability. Bad loans companies have rich experience in disposing of soured assets, as well as project mergers and acquisitions, and their participation can help dissolve risks in China's struggling property sector, the state-owned newspaper said. Register now for FREE unlimited access to Reuters.com RegisterThe article did not name the regulators or the companies that were summoned by them. China has four big AMCs - Cinda, Huarong, China Orient and Great Wall - that were originally set up to dispose of non-performing loans from major state banks.
Persons: Samuel Shen, Brenda Goh, Lincoln Organizations: SHANGHAI, China Securities, China Orient, China Evergrande, HK, Thomson Locations: China, Huarong
St Paul's Cathedral and areas of the financial district of the City of London are seen at dusk October 9, 2008. The study, which added Paris this year, looked at five areas like digital skills, regulation and talent. While London remains top overall from last year, New York is only slightly behind and closing the gap, followed by Singapore, Frankfurt, Paris, Hong Kong and Tokyo. "UK policymakers need to guarantee that its businesses continue to enjoy unrivalled access to the best of global talent," the study said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Huw Jones; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville LONDON, Huw Jones, Bernadette Baum Organizations: of, REUTERS, New, European Union, City of London Corporation, New York, London, Tokyo ., Reuters.com Register, London Graphic, EU, Bank of England, Thomson Locations: Paul's Cathedral, of London, London, New York, Singapore, Paris, City, Frankfurt, Hong Kong, Tokyo, London Graphic New York, Britain, IPOs
5G words and an airplane toy are placed on a printed U.S. flag in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoWASHINGTON, Jan 26 (Reuters) - The head of the Federal Aviation Administration (FAA) is set to testify before a Feb. 3 U.S. House hearing on new C-Band 5G deployment and its impact on aviation safety, sources told Reuters. The House Transportation and Infrastructure Committee is expected to hear from FAA Administrator Steve Dickson along with aviation and wireless industry officials including the head of Airlines for America, a trade group representing passenger and cargo airlines. AT&T (T.N) and Verizon Communications (VZ.N) agreed on Jan. 18 to delay switching on new telecom towers near key airports even as they turned on the new 5G C-Band service. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Jan, Steve Dickson, David Shepardson, Chris Reese Organizations: REUTERS, Federal Aviation Administration, ., Reuters, The, Transportation, Infrastructure, Airlines for America, Verizon Communications, Thomson Locations: U.S
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