Category: Breaking News

Indian commander says Pakistan spy agency involved in Kashmir bombing Indian Army soldiers arrive near the site of a gun battle between suspected militants and Indian security forces in Pinglan village in south Kashmir’s Pulwama district February 18, 2019. REUTERS/Younis Khaliq SRINAGAR, India (Reuters) - India’s top military commander in the disputed Kashmir region said on Tuesday Pakistan’s main spy agency, the Inter-Services Intelligence (ISI) agency, was involved in last week’s attack on a security convoy claimed by a Pakistan-based militant group. At least 40 paramilitary men were killed in…

HSBC profit disappoints as China, Britain weakness poses challenge HONG KONG/LONDON (Reuters) - HSBC Holdings Plc posted on Tuesday a 15.9 percent rise in 2018 profit, supported by business growth in its core markets of Asia and Britain, but market weakness in the fourth quarter resulted in the bank missing street estimates. FILE PHOTO: The HSBC headquarters is seen in the Canary Wharf financial district in east London, Britain February 15, 2016. REUTERS/Hannah McKay An economic slowdown in China, the world’s second-largest economy, poses a challenge to the bank’s strategy…

British supermarkets battle to secure stocks as chaotic Brexit looms LONDON (Reuters) - Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing trade terms, food industry officials say. FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson/File Photo With no deal in sight as Britain’s March 29 exit date approaches, supermarkets are stockpiling, working on alternative supplies and testing new routes to cope…

Asian shares flirt with four-month highs, yen eases on Kuroda comments TOKYO/SYDNEY (Reuters) - Asian shares hovered near four-month highs on Tuesday, supported by hopes that Sino-U.S. trade talks were making progress and expectations of policy stimulus from central banks. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato Investor confidence was bolstered by mild gains in European stocks as U.S. markets were shut on Monday for a public holiday. MSCI’s broadest index of Asia-Pacific shares outside Japan was a…

Pakistan urges U.N. to intervene over Kashmir tension with India ISLAMABAD (Reuters) - Pakistan’s foreign minister appealed to the U.N. Secretary General on Tuesday to help ease tension with India that has escalated sharply following a suicide bomb attack in the Indian part of disputed Kashmir, that India blamed on Pakistan. An Indian Army soldier carries a rocket launcher near the site of a gun battle between suspected militants and Indian security forces in Pinglan village in south Kashmir’s Pulwama district February 18, 2019. REUTERS/Younis Khaliq Indian Prime Minister Narendra…

Indian army commander says Pakistan spy agency involved in Kashmir bombing Indian Army soldiers arrive near the site of a gun battle between suspected militants and Indian security forces in Pinglan village in south Kashmir’s Pulwama district February 18, 2019. REUTERS/Younis Khaliq SRINAGAR, India (Reuters) - India’s top military commander in the disputed Kashmir region said on Tuesday Pakistan’s main spy agency, the Inter-Services Intelligence (ISI) agency, was involved in last week’s attack on a security convoy claimed by a Pakistan-based militant group. At least 40 paramilitary men were killed…

HSBC's 2018 profit misses estimates; China weakness poses growth risks HONG KONG/LONDON (Reuters) - HSBC Holdings Plc posted on Tuesday a 15.9 percent rise in 2018 profit, supported by business growth in its core markets of Asia and Britain, but market weakness in the fourth quarter resulted in the bank missing street estimates. FILE PHOTO: The HSBC headquarters is seen in the Canary Wharf financial district in east London, Britain February 15, 2016. REUTERS/Hannah McKay An economic slowdown in China, the world’s second-largest economy, poses a challenge to the bank’s…

HSBC 2018 profit rises 16 percent, lags estimates FILE PHOTO: The HSBC headquarters is seen in the Canary Wharf financial district in east London, Britain February 15, 2016. REUTERS/Hannah McKay HONG KONG/LONDON (Reuters) - HSBC Holdings Plc posted on Tuesday an increase of 15.9 percent in 2018 profit, as the bank avoided tax writedowns that marred its results a year earlier and earnings in its key market of Asia grew. HSBC reported a profit before tax of $19.9 billion for 2018 compared with $17.2 billion the year before. The profit…

Seven MPs quit Labour Party citing Brexit 'betrayal', anti-Semitism LONDON (Reuters) - Seven Labour lawmakers quit on Monday over leader Jeremy Corbyn’s approach to Brexit and a row over anti-Semitism, saying Britain’s main opposition party had been “hijacked by the machine politics of the hard left”. In a direct challenge to Corbyn, the seven centrist MPs said they were courting others from across parliament to join their group, saying “enough is enough” in keeping silent over their doubts about the Labour leader’s fitness for office. United by a desire for…

New round of U.S.-China trade talks to begin in Washington on Tuesday Aides set up platforms before a group photo with members of U.S. and Chinese trade negotiation delegations at the Diaoyutai State Guesthouse in Beijing, China February 15, 2019. Mark Schiefelbein/Pool via REUTERS WASHINGTON (Reuters) - A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday. The talks follow…