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EXCLUSIVE-India's $23 bln plan to rival China factories to lapse after it disappoints
NEW DELHI, March 24 (Reuters) - Indian Prime Minister Narendra Modi's government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials.
Mon, Mar 24
Oil prices hold steady as investors monitor Russia-Ukraine ceasefire talks
TOKYO, March 24 (Reuters) - Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
Mon, Mar 24
Japan's factory activity declines accelerate, services sag, PMI shows
TOKYO, March 24 (Reuters) - Japan's factory activity fell at the fastest pace in a year in March, dragged by declines in production and new orders in a worrying sign for the economy, a private-sector survey showed on Monday.
Mon, Mar 24
Iraq’s Kurdistan crude output at 286,000 bpd, oil minister says
BAGHDAD, March 23 (Reuters) - Iraq’s Kurdistan region is producing 286,000 barrels of crude oil per day, Iraqi oil minister Hayan Abdel-Ghani told state television on Sunday, citing secondary sources.
Mon, Mar 24
Canadian PM Carney calls snap election, says Trump wants to break Canada
OTTAWA, March 23 (Reuters) - New Canadian Prime Minister Mark Carney on Sunday called a snap election for April 28, saying he needed a strong mandate to deal with the threat posed by U.S. President Donald Trump, who "wants to break us so America can own us."
Mon, Mar 24
[Reuters Analysis] BOJ's message: Food inflation can't be ignored even as Trump tariffs raise risks
TOKYO, March 24 (Reuters) - The Bank of Japan's meeting last week passed with no surprises, but for a careful BOJ watcher its message on the need to remain vigilant on food-driven inflationary pressures had an important takeaway: Rates could be raised sooner than expected.
Mon, Mar 24
Oil prices rise for second consecutive week on expected tighter supply
Benchmarks record highest weekly gains since early JanuaryFresh US sanctions on Iran include Chinese independent refinerPrices also supported by latest OPEC+ production plansBy Shariq Khan NEW YORK, March 21 (Reuters) - Oil prices settled higher on Friday and recorded a second consecutive weekly ...
Fri, Mar 21
J&J boosts US investments by 25% over 4 years amid looming tariff threats
Plans include four new manufacturing facilities, starting with Wilson, NCTotal figure of $55 billion includes some 'already planned' commitments, investors sayJ&J says it has more manufacturing sites in U.S. than in other countriesBy Bhanvi Satija and Patrick Wingrove March 21 (Reute...
Fri, Mar 21
Russia and Ukraine accuse each other of blowing up Russian gas pumping station
Gas pumping station in Russia goes up in flames Video shows explosion before big fire erupts Russia and Ukraine accuse each other Incident a blow to proposed moratorium on energy attacks By Andrew Osborn and Dmitry AntonovMOSCOW, March 21 (Reuters) - Russia and Ukraine accused each other on Friday ...
Fri, Mar 21
Fed's Goolsbee says open question if tariffs will lead to persistent inflation
WASHINGTON, March 21 (Reuters) - It remains an open question for the U.S. Federal Reserve whether the Trump administration's tariff plans will lead to persistent inflation, with taxes on intermediate goods, retaliation by other nations, and other factors feeding into whether the central bank will ha
Fri, Mar 21
GLOBAL MARKETS -Stocks slide, dollar firms as tariff and geopolitical uncertainties weigh
SINGAPORE/LONDON, March 21 (Reuters) - European and world shares fell on Friday but were set for a weekly gain, and the euro steadied just shy of a five-month high, as investors finished a busy week without much more clarity on the big market questions than they had at the start.
Fri, Mar 21
Hedge fund pessimism over Wall Street hits 5-year high, Goldman says
LONDON, March 21 (Reuters) - Hedge funds added more bearish positions than bullish ones in March than at any time since 2020, doubling down on bets that U.S. stocks have further to fall, according to a Goldman Sachs GS.N note sent to clients on Thursday.
Fri, Mar 21
China's central bank says it will boost forex market resilience
BEIJING, March 21 (Reuters) - China's central bank will cut banks' reserve requirement ratio and interest rates at the "appropriate time" and strengthen the resilience of its forex market, it said on Friday during a quarterly meeting of its monetary policy committee.
Fri, Mar 21
TSX futures fall on tariff jitters ahead of retail sales data
March 21 (Reuters) - Futures tied to Canada's main stock index fell on Friday, mirroring losses in its Wall Street peers amid tariff concerns, while investors awaited domestic retail sales data.The futures on the S&P/TSX index were down 0.26% at 0642 ET (1042 GMT), while Wall Street's S&P 500...
Fri, Mar 21
Micron set for growth in 2025 led by solid chip demand
Micron Technology MU.O forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models. Micron shares down 3.6% at $99.2 in premarket tradePOISED FOR AI-DRIVEN GROWTH...
Fri, Mar 21
Wall St Week Ahead: Dow Transports index slump poses trouble spot as investors seek stocks stability
NEW YORK, March 21 (Reuters) - Even as U.S. stocks seek to regain their footing, weakness in a closely followed index of transportation shares is a sign of growing investor worries about the economy.
Fri, Mar 21
CORRECTED-Beazley 2623 combined ratio deteriorates to 85% in 2024
2024 result of $758.4 million; down 19.1% on 2023Beazley 2623 GWP down 34.9% year on year to $2.93 billionInvestment return of $291.5 million the largest contribution in syndicate's historyBy Michael JonesMarch 21 - (The Insurer) - Beazley's flagship Syndicate 2623 disclosed on Thursday that...
Fri, Mar 21
U.S. dollar stands tall, euro falters as markets 'recalibrate'
TOKYO, March 21 (Reuters) - The dollar climbed on Friday against major peers, including the euro, which was set for its first weekly drop this month, as a busy week for central banks wrapped up and caution remained about the impact of a global trade war.
Fri, Mar 21
German upper house of parliament OKs debt reform, half-trillion fund
BERLIN, March 21 (Reuters) - Germany's upper house of parliament on Friday passed a reform of the country's borrowing rules and a 500-billion-euro ($542 billion) fund to revamp its infrastructure and revive Europe's largest economy.
Fri, Mar 21
Global equity funds see a weekly selloff on tariff woes, economic uncertainties
March 21 (Reuters) - Investors pulled heavily out of global equity funds during the week through March 19 on lingering worries over the potential impact of U.S. President Donald Trump's aggressive trade policies on global economy.
Fri, Mar 21
