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Stock market today: Asian shares mixed as China reports that prices fell in October

Published Wed, 26 Feb 2025 11:46:39 GMT

BANGKOK (AP) — Shares meandered in Asia on Thursday after a another mixed close on Wall Street where benchmarks have been recalibrating following recent big swings. Stock prices fell in Hong Kong, Taiwan and Bangkok and rose in Tokyo, Seoul and Shanghai. U.S. futures slipped and oil prices edged higher. China reported that its consumer prices fell 0.2% from a year earlier in October while factory-gate prices declined 2.6%, suggesting demand remains slack as the economy struggles to recover from the economic disruptions of the pandemic. Falling prices have raised worries that China may fall into a bout of deflation, or chronically lower prices, but some analysts say much of the weakness recently is due to a decline in the cost of pork, a staple item for Chinese.“What China has right now, is a low rate of underlying inflation, which reflects the fact that domestic demand is fairly weak,” Robert Carnell of ING Economics said in a report. “If you want to use any term, ‘disinflation’ wou...

Luis Miguel donará $570,000 a damnificados de Acapulco; banco duplicara cifra

Published Wed, 26 Feb 2025 11:46:39 GMT

CIUDAD DE MÉXICO – El cantante mexicano Luis Miguel, quien se encuentra en medio de una intensa gira que llegará hasta mediados de 2024, donará 10 millones de pesos (unos $570,000) para ayudar en la reconstrucción del puerto de Acapulco, principal zona del estado mexicano de Guerrero que recibió hace dos semanas el impacto de huracán Otis, que hasta ahora ha dejado 48 muertos.La donación del llamado “El Sol de México” fue dada a conocer este miércoles por el director general del mexicano Grupo Financiero Banorte, Marcos Ramírez, mediante un mensaje en la red social X (antes Twitter). Ramírez dijo además que la cifra será duplicada por el banco, para una donación total de 20 millones de pesos.“Muchas gracias, Luis Miguel por tu donativo de 10 millones de pesos a Fundación Banorte para la reconstrucción y equipamiento de vivienda de la comunidad afectada en Acapulco. Fundación Banorte, lo duplicará para llegar a 20 millones de pesos. Con tu apoyo, y el de miles de mexicano...

Tracy Chapman gana el premio de la CMA por ‘Fast Car’ décadas después del debut de la canción

Published Wed, 26 Feb 2025 11:46:39 GMT

(CNN) — Tracy Chapman sigue haciendo historia con su éxito de 1988 “Fast Car” tras ganar el premio a la canción del año en los Country Music Awards este miércoles.Chapman no estuvo presente durante la retransmisión, que tuvo lugar en el Bridgestone Arena de Nashville, pero la estrella del country y presentadora de la categoría Sarah Evans leyó un mensaje en nombre de Chapman tras anunciarla como ganadora.“Siento no haber podido unirme a todos ustedes esta noche. Es un verdadero honor que mi canción reciba un nuevo reconocimiento después de 35 años de su debut. Wow. Gracias a los CMA y un agradecimiento especial a Luke (Combs) y a todos los fans de ‘Fast Car'”, dijo Evans en nombre de Chapman.Muere la leyenda de la música country Naomi Judd, integrante de The JuddsLa victoria en los CMA es un logro notable si se tiene en cuenta que “Fast Car” se estrenó hace 35 años y resurgió en popularidad en julio después de que la estrella del count...

Kings win 7th straight road game with 4-1 win in Vegas

Published Wed, 26 Feb 2025 11:46:39 GMT

LAS VEGAS (AP) — Adrian Kempe had a goal and an assist and the Los Angeles Kings won their fourth in a row with a 4-1 victory over the Vegas Golden Knights on Wednesday night.The Kings became just the eighth team in league history to win each of their first seven road games to start a season, and the first to accomplish the feat since the Pittsburgh Penguins and New Jersey Devils did it in 2009.After opening the season with points in their first 12 games, the Golden Knights lost for the second straight time in regulation. Vegas hadn’t lost consecutive games in regulation since Jan. 16 and 19 of last season, to Dallas and Detroit, respectively.Trevor Moore, Pierre-Luc Dubois and Anze Kopitar also scored for the Kings. Cam Talbot made 37 saves and is now tied with two others with a league-leading seven wins.William Karlsson scored for the Golden Knights and Adin Hill stopped 29 shots.The Kings broke through first, opening the scoring midway through the second period.Hemmed into the of...

Czech power company CEZ says its net profit is $1.3 billion for 3 quarters of the year

Published Wed, 26 Feb 2025 11:46:39 GMT

PRAGUE (AP) — The Czech power utility CEZ said on Thursday its net profit in the first three quarters of the year reached 29.8 billion Czech crowns ($1.3 billion), 22.5 billion less than in the same period a year ago.The country’s main electricity producer attributed the 43% decline to a windfall tax on profits introduced as prices for energy soared.The Czech state, which has an almost 70% stake in the company, will receive up to 125 billion Czech crowns from CEZ this year in dividends, income taxes and levies on production sales, including a windfall tax, the company said.It is 5 billion more than expected in August.CEZ chief executive Daniel Benes said the results reflect “the gradual stabilization on energy markets.”Last year, the company’s profit soared on an enormous rise in prices caused by the Russian invasion of Ukraine, higher profit from commodity trading on foreign markets and high operational reliability in its power plants.That resulted in record dividends of 145 Czech ...

Las 6 conclusiones del tercer debate presidencial republicano

Published Wed, 26 Feb 2025 11:46:39 GMT

(CNN) — Menos de un día después de que los votantes de varios estados reprendieran a los líderes del Partido Republicano que restringirían el derecho al aborto, los cinco aspirantes republicanos a la Presidencia ignoraron el tema durante los primeros 99 minutos de su tercer debate de primarias.A diferencia de su último encuentro, que fue un caos de interrupciones y declaraciones cruzadas, en el debate de este miércoles por la noche en Miami se abordaron cuestiones de fondo. ¿El problema? Casi todo se centró en la política exterior.Y aunque esas cuestiones merecían ser debatidas —incluso si los candidatos coincidían en líneas generales como el apoyo a Israel y la oposición a Hamas, Irán y China—, el efecto final fue desorientador: si el Partido Republicano va a recuperar la Casa Blanca, ¿por qué ignorar los obstáculos políticos que se interponen en su camino?Teniendo en cuenta los estrechos intereses de los candidatos, tenía cierto sentido. Ninguna de sus opiniones sobre el abo...

Reinhart scores 15 seconds into OT to give Panthers 4-3 win over Capitals

Published Wed, 26 Feb 2025 11:46:39 GMT

WASHINGTON (AP) — Sam Reinhart scored 15 seconds into overtime and the defending Eastern Conference champion Florida Panthers rallied to beat the Washington Capitals 4-3 on Wednesday night.The Panthers, winners of two in a row and three of their last four, entered the third period trailing 3-2 until Evan Rodrigues tied it early in the period.Defenseman Oliver Ekman-Larsson and captain Aleksander Barkov also scored for the Panthers. Two-time Vezina Trophy-winning goaltender Sergei Bobrovsky made 25 saves.The Capitals ended their five-game homestand on a losing note despite two goals from Anthony Mantha, one short-handed score rom Connor McMichael and two assists from Aliaksei Protas. Darcy Kuemper allowed four goals on 25 shots.Alex Ovechkin remains stuck on two goals, matching his lowest total through 11 games (2008-09) and slowing down his pursuit of Wayne Gretzky’s career record.KINGS 4, GOLDEN NIGHTS 1LAS VEGAS (AP) — Adrian Kempe had a goal and an assist and Los Angeles beat Veg...

Bulgaria sanctions loophole gives Putin extra €1B for his war chest

Published Wed, 26 Feb 2025 11:46:39 GMT

BRUSSELS — The Kremlin raked in an extra €1 billion for its war effort this year after Russia’s largest private oil firm exploited loopholes in EU sanctions rules — with help from Bulgaria.Taking advantage of a unique exemption to the EU’s Russian oil ban, Bulgaria allowed millions of barrels of Russian oil to reach a local Russian-owned refinery, which then exported various refined fuels abroad including to EU countries, according to an investigation by the NGO Global Witness, the think tanks Center for the Study of Democracy (CSD) and Centre for Research on Energy and Clean Air (CREA) and independent reporting by POLITICO.That loophole — raising enough revenue for Moscow to fund its Wagner mercenary group for a year, according to Russian President Vladimir Putin — also generated almost €500 million in profits for the refinery’s owner Lukoil since the exemption kicked on February 5, according to a classified analysis prepared for Bulgaria’s parliament and seen by POLITICO.This...

Clash between Constitutional and appeals courts raises concerns over rule of law in Turkey

Published Wed, 26 Feb 2025 11:46:39 GMT

ANKARA, Turkey (AP) — Turkey’s top court of appeals has clashed with the country’s Constitutional Court over the release of a newly elected but imprisoned lawmaker, raising concerns over the erosion of the rule of law in the country.The court of appeals said Wednesday it would not abide by the Constitutional Court’s ruling calling for the release of Can Atalay, who was elected to parliament in May while in prison. The court of appeals also took the unprecedented step of filing a criminal complaint against Constitutional Court justices who ruled for the politician’s release, accusing them of violating the constitution. It said it would instruct parliament to begin the process of unseating Atalay.The court of appeals’ decision to defy the Constitutional Court — Turkey’s highest court — sparked widespread criticism and concerns about the state of the judiciary.The main opposition Republican People’s Party, or CHP, held an emergency meeting to discuss the issue, describing the cou...

Profits slip at Japan’s Sony, hit by lengthy Hollywood strike

Published Wed, 26 Feb 2025 11:46:39 GMT

TOKYO (AP) — Sony’s profit slipped 29% from a year earlier in July-September, as damage from a strike in the movie sector offset gains from a favorable exchange rate, the Japanese electronics and entertainment company said Thursday.Tokyo-based Sony Corp.’s quarterly profit totaled 200 billion yen ($1.3 billion), down from 282 billion yen a year earlier.Quarterly sales rose 11% to 2.7 trillion yen ($18 billion), with gains in video games, image sensor and music operations and weakness in its financial and entertainment technology services. The prolonged strike by actors and screenwriters took a toll on Sony’s movie business. A deal was reached late Wednesday, ending the longest strike ever for film and television actors. Sony executives welcomed the deal but cautioned against expecting an instant recovery in profit because marketing costs were expected to rise once more movies start moving through the pipeline for theatrical releases. The three-year contract still must be approved by...