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US Defense Secretary says there was no indication Hamas planning attack on US troops May 2, 2024 11:26PM

HONOLULU (Reuters) - U.S. Defense Secretary Lloyd Austin said on Thursday he did not see any indication Hamas was planning any attack on U.S. troops in Gaza but added adequate measures were being put in place for the safety of military personnel.

"I don't discuss intelligence information at the podium. But I don't see any indications currently that there is an active intent to do that," Austin said during a press briefing.

"Having said... (continue reading...)


Damage, injury to Philippines in Sth China Sea is 'irresponsible behaviour', says US Defense Secretary May 2, 2024 11:08PM

HONOLULU (Reuters) -The injuring of Filipino crew and damage to Philippine vessels in the South China Sea is "irresponsible behaviour and disregards international law", U.S. Defense Secretary Lloyd Austin told a joint press conference on Thursday.

Philippines Defense Secretary Gilberto Teodoro told the press conference the job was to ensure that through building capacity and deterrence there were no situations where a Mutual Defense Treaty would be... (continue reading...)


Global hedge funds chase Hong Kong stocks rally, UBS says May 2, 2024 10:48PM

By Summer Zhen

HONG KONG (Reuters) - Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note.

Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. The Hang Seng Index rose more than 7% in... (continue reading...)


India's opposition Congress leader Rahul Gandhi to contest elections from Raebareli too May 2, 2024 10:26PM

NEW DELHI (Reuters) - India's main opposition Congress party said on Friday that Rahul Gandhi, the face of the party and its former president, will contest general elections from the family bastion seat of Raebareli in north India as well.

The decision of the party and the family to field Gandhi from the seat in Uttar Pradesh state signals their confidence to take on the political might of Prime Minister Narendra Modi's Bharatiya Janata Party (BJP). ... (continue reading...)


Asian stocks surge on tech boost; yen extends gains to cap wild week May 2, 2024 10:19PM

By Ankur Banerjee

SINGAPORE (Reuters) - Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo.

With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data... (continue reading...)


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