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Real-time News
The S&P 500 opened 9.13 points higher, or 0.13%, at 6973.92 on Tuesday, February 10; the Nasdaq Composite opened 22.64 points higher, or 0.10%, at 23261.31; and the Dow Jones Industrial Average opened 247.25 points higher, or 0.49%, at 50383.12.February 10th - On February 10th local time, the European Parliament approved the political agreement reached with the European Council on amendments to the European Climate Law, which includes a new, binding EU climate target for 2040. Under the new target, the EU must reduce greenhouse gas emissions by 90% from 1990 levels by 2040, with the aim of achieving climate neutrality by 2050. The amendment still needs approval from the European Council and will then come into effect 20 days after its publication in the Official Journal of the European Union.On February 10th, the Israel Defense Forces (IDF) announced the formation of a new combat division—the 38th Division—the first mobile combat division established by the IDF in decades. This division will be formed by integrating units from the ground forces basic training system, including officer and infantry schools. The IDF stated that it is currently forming a communications battalion and a logistics regiment for the new division. The IDF anticipates that the 38th Division will achieve ground combat capability by 2027. Since the 1970s, the IDF has not established a new mobile division capable of operating deep into enemy territory, only creating new border defense divisions and reorganizing some existing mobile divisions.European Central Bank: Foreign exchange reserves increased by 600 million euros, reaching a total of 332.8 billion euros.On February 10th, China Literature Limited (00772.HK) announced in Hong Kong that it expects to record a loss attributable to equity holders of the Company in fiscal year 2025 of approximately RMB750 million to RMB850 million, compared to a loss attributable to equity holders of the Company in fiscal year 2025 of RMB209 million, primarily due to the goodwill impairment arising from the acquisition of New Classics Media in 2018. The goodwill impairment expense is non-cash in nature and therefore is not expected to affect the Groups cash flow, nor is it included in the Groups non-IFRS financial measurements.
