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US car giant Ford announces plans to cut jobs, improve efficiency and save $200m a year in Europe. read more >>> Source : BBC

Lowe’s is buying Canadian rival Rona in a friendly takeover valued at $3.2 billion Cdn, the second acquisition attempt by the U.S. home improvement chain in four years. read more >>> Source : CBC.Ca

The Lowe’s home improvement chain is buying Quebec-based Rona Inc. in a deal valued at $3.2 billion. The friendly deal would make Lowe’s the Canadian leader among home improvement retailers. read more >>> Source : CTVNews.Ca

LONDON, Feb 3 (Reuters) – Glimmers of recovery in oil prices on Wednesday lifted European stock markets off their lows and dimmed the allure of the Japanese yen, gold and ultra-low-risk government… read more >>> Source : Reuters

Global shares stumbled Wednesday after another steep drop in the price of oil reinforced worries about the potential impact on the world economy of job cuts and reduced investment in the energy industry. read more >>> Source : CBC.Ca

The slump in oil is helping the safe haven yen and the euro is lagging behind. The ADP Non-Farm Payrolls and the ISM Non-Manufacturing PMI are key events for today: they serve as the best hints towards Friday’s all important NFP. Commodity currencies remain split, but today’s oil inventories release could certainly have its say. […]

BRASILIA, Feb 3 (Reuters) – Brazilian airline pilots and stewards halted work for two hours on Wednesday in a pay dispute, delaying and cancelling flights across the country days before the start of the carnival holiday season. read more >>> Source : Reuters

China’s central bank will announce its foreign exchange reserves figures later this week, and analysts at Barclays think they may have a shock in store for investors. Barclays analysts, led by David Fernandez in Singapore, estimate China is burning through its reserves faster than ever to pump liquidity into its financial system and prop up […]

EUR/USD is the world’s most popular currency pair and so far in 2016, it earns the “most frustrating pair” award. Since the big Draghi Disappointment of December 3rd, when the pair ranged 460 pips in one day, the pair has seen tighter and tighter ranges. And also a triangle has emerged: downtrend resistance was formed […]

The UK’s dominant services sector maintains its growth in January, according to the latest PMI survey. read more >>> Source : BBC

The European economy is set to lose around €100 billion (£76 billion, $109 billion) if officials decide to re-establish border controls within the Schengen Area. That’s according to the French government’s economic planning agency France Strategie, which released its warning this morning in a note entitled “Policy Brief – The Economic Cost of Rolling Back […]

* Chinese yuan at 3-week low after Syngenta deal (Updates prices, adds comments) read more >>> Source : Reuters

BEIJING, Feb 3 (Reuters) – China said on Wednesday the United States was just looking for excuses to pump taxpayers’ money into its military, after U.S. Defense Secretary Ash Carter named China as a reason for seeking a $582.7 billion defence budget next year. read more >>> Source : Reuters

Canadian consumers are more inclined to reach for their smartphones and credit cards over bills and coins to make purchases, according to a new study. read more >>> Source : CTVNews.Ca

David Cameron finally showed the public his draft proposal to change the UK’s relationship with the European Union on Tuesday — and was immediately showered with criticism from the public, the opposition, and even politicians within his own party. But there’s one investment bank, Bank of America Merrill Lynch, that thinks the EU deal will […]

EURUSD Daily Analysis EURUSD (1.091): EURUSD continued its ascent after testing down to the previous support near 1.0816 – 1.0834 support to rally back to the neckline resistance of the inverse head and shoulders pattern formed on the 4-hour chart. Failure to clear the resistance between 1.095 – 1.093 could signal another leg lower down […]

SEOUL, Feb 3 (Reuters) – South Korea’s transport ministry said on Wednesday it would instruct airplanes to avoid flying in the areas that could be affected by North Korea’s planned rocket launch. read more >>> Source : Reuters

MORE than £5billion was wiped from oil giant BP’s market value yesterday as it revealed thousands more job losses in the face of plunging oil prices – which sent it sliding $6.5billion into the red last year. read more >>> Source : The Daily Express

MOSCOW, Feb 3 (Reuters) – Russian Economy Minister Alexei Ulyukayev said on Wednesday Austrian companies were welcome to take part in Russia’s new wave of cash privatisations. read more >>> Source : Reuters

Swiss agricultural chemicals giant Syngenta said it was to be acquired by ChemChina in a deal worth over $43 billion. read more >>> Source : CNBC.Com

The universities around the world offering courses in English read more >>> Source : BBC

Luxembourg is planning to go into space to mine minerals from asteroids — and it’s going to get help from Google founder Larry Page. Luxemburger Wort, one of the country’s newspapers, reported that Luxembourg’s Deputy Prime Minister and Minister of the Economy Etienne Schneider said the government will work with one of the world’s largest […]

BEIJING, Feb 3 (Reuters) – China is extremely concerned by reports that North Korea plans to launch a satellite, the Foreign Ministry said on Wednesday. read more >>> Source : Reuters

On one hand we have a stronger yen and euro while commodity currencies are falling. On the other hand, it isn’t a 100% “risk off” but rather something more complicated. Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact on currencies, going through charts of majors, minors […]

Chinese chemicals group ChemChina offers more than $43bn (£30bn) to take over Swiss agribusiness giant Syngenta. read more >>> Source : BBC

BEIJING, Feb 3 (Reuters) – Nissan Motor Co Ltd and its Chinese joint venture partner aim to sell 1.3 million vehicles in China this year, the Japanese carmaker said on Wednesday, a 4 percent increase on the 1.25 million in sales recorded in 2015. read more >>> Source : Reuters

The Malaysian ringgit slid as offshore funds unloaded the unit on concerns about sliding oil and gas prices affecting government revenue. read more >>> Source : EconomicTimes.IndiaTimes.Com

Asian shares stumbled Wednesday as another steep drop in the price of oil reinforced worries about the potential impact on the world economy of job cuts and reduced investment in the energy industry. read more >>> Source : CTVNews.Ca

* South Korea, Japan describe plan as a missile launch (Releads with Japan’s plan to shoot down rocket) read more >>> Source : Reuters

* Dollar/yen hands back big chunk of gains made after BOJ easing read more >>> Source : Reuters

* Hong Kong insurance plays tumble on China purchase restrictions read more >>> Source : Reuters

South Korea’s government unveils new stimulus measures following a raft of disappointing economic data for the export-dependent nation. read more >>> Source : BBC

Major oil producers have been posting poor results, which will result in continued job cuts, says Andy Lipow, president of Lipow Oil Associates. read more >>> Source : CNBC.Com

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02032016.pdf FACTORS TO WATCH 9:00 am: Farm Minister Radha Mohan Singh at commodity… read more >>> Source : Reuters

The art of telling stories may have started with bedtime tales told to little ones, but has evolved over decades to find a place in corporations and businesses. Increasingly adopted by successful executives and industry leaders, the art of storytelling is nowadays even being taught to the broader corporate world, to help them win more […]

Cadillac is ditching its premium luxury hybrid — the ELR coupe. The $58,000 car has had an unceremonious run as Cadillac’s feisty plug-in. It pulled onto dealer lots in 2013 with a much higher price tag — close to $76,000 back then — but it never caught on with buyers. Cadillac’s president, Johan de Nysschen, […]

U.S. crude was on track for a third straight day of losses as hopes faded that major oil producers would agree to an output cut. read more >>> Source : EconomicTimes.IndiaTimes.Com

Feb 2 (Reuters) – A major storm system brought a mix of bad weather on Tuesday to much of the central United States, with a band of tornadoes downing trees in Alabama and Mississippi and heavy snow blanketing the northern Midwest. read more >>> Source : Reuters

U.S. oil futures extended losses in early Asian trade on Wednesday as U.S. crude stocks last week surged, stoking concern over global oversupply. read more >>> Source : CNBC.Com

OLDER people are fleeing to the safety of annuities as the stock market meltdown ravages their pensions. read more >>> Source : The Daily Express

A new survey finds real estate one of the leading industries for happiness and job satisfaction. What traits bring success to brokerages and real… read more >>> Source : Realtor.org

Yahoo will cut about 15 percent of its workforce as part of a strategy to turn the troubled Internet company around. The long-anticipated purge announced Tuesday will jettison about 1,500 jobs, close some offices worldwide and explore selling some assets. Yahoo expects that by the end of this year it will have approximately 9,000 employees […]

The Navajo Nation is seeking potentially millions of dollars from Urban Outfitters Inc. over clothing, jewelry and other merchandise bearing the tribe’s name that the popular retailer has sold. read more >>> Source : CTVNews.Ca

Earnings season is in full effect, and recent results from IBD 50 names Facebook (FB) and Starbucks (SBUX) did not disappoint. Several IBD 50 names are set to report soon, including auto parts retailer O’Reilly Automotive (ORLY). Shares have been on a tear since mid-January, with many gains coming in above-average volume. Results are due […]

Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. read more >>> Source : CBC.Ca