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REFILE-ECB has no pre-set response to MidEast tensions, Lagarde says
BOLOGNA, Italy, March 5 (Reuters) - The European Central Bank has no pre-set stance as regards to geopolitical tensions from the conflict in the Middle East and will decide monetary policy on a "meeting-by-meeting" basis, President Christine Lagarde said on Thursday.The ECB will take its dec...Reuters
Thu, Mar 5
Tight truck capacity opens window for U.S. railroads to win back freight
By Apratim SarkarMarch 5 (Reuters) - U.S. railroads including CSX Corp CSX.O, Union Pacific UNP.N and BNSF are moving to recapture freight from truckers as tightening trucking capacity and rising road-haul rates bolster rail's competitive position.For years, low trucking rates and greater flexi...Reuters
Thu, Mar 5
WRAPUP 2-US labor market holding steady; worker productivity still strong in Q4
Weekly jobless claims unchanged at 213,000Continuing claims increase 46,000 to 1.868 millionWorker productivity slows to a 2.8% rate in fourth quarterBy Lucia Mutikani WASHINGTON, March 5 (Reuters) - The number of Americans filing new applications for unemployment benefits was unchanged last week...Reuters
Thu, Mar 5
Malawi cuts key interest rate by 200 basis points to 24% as inflation eases
BLANTYRE, March 5 (Reuters) - Malawi's central bank cut its policy rate MWCBIR=ECI by 200 basis points to 24% in the first rate-setting meeting under new governor George Partridge."The current inflation outlook allows for a cautious reduction in the policy rate, while maintaining a sufficien...Reuters
Thu, Mar 5
TREASURIES-Treasury yields rise for fourth straight day as crude prices elevate inflation risk
Crude prices continue ascent as U.S.-Iran war widensInitial jobless claims slightly below expectationsFed rate cut expectations decrease due to inflation fearsBy Chuck Mikolajczak NEW YORK, March 5 (Reuters) - U.S. Treasury yields rose for a fourth straight day on Thursday, as the widening war in...Reuters
Thu, Mar 5
US warns Czech defence cuts could leave Prague among NATO's lowest spenders
Budget draft cuts spending versus previous plans US warns Prague risks missing key capability targetsBabis rejects alliance spending goals PRAGUE, March 5 (Reuters) - The Czech Republic may slip to the bottom of NATO's defence-spending ranks after Prime Minister Andrej Babis's governmen...Reuters
Thu, Mar 5
Toyota Motor to cut output for Middle East by nearly 40,000 vehicles, Nikkei reports
March 5 (Reuters) - Toyota Motor 7203.T will produce nearly 40,000 fewer vehicles bound for Middle Eastern markets due to logistical concerns stemming from the U.S.-Israeli campaign against Iran, the Nikkei reported on Thursday.Toyota Motor has notified parts suppliers of its revised production plan...Reuters
Thu, Mar 5
UK borrowing costs jump again on inflation fears over Middle East war
By Suban Abdulla LONDON, March 5 (Reuters) - British government bond yields climbed sharply on Thursday and investors reduced further their bets on an interest rate cut by the Bank of England this month due to the surge in energy prices caused by conflict in the Middle East.With analysts saying B...Reuters
Thu, Mar 5
Iran conflict a risk to economic growth, EBRD president says
By Jonathan Spicer and Libby George ISTANBUL/LONDON, March 5 (Reuters) - The widening U.S.-Iran war is a risk to economic growth, the president of the European Bank for Reconstruction and Development told Reuters on Thursday, but said the fallout depends on how long the conflict lasts. EBRD Presi...Reuters
Thu, Mar 5
EBRD head urges Turkey to continue inflation fight, eyes power project
President Renaud-Basso praises Turkey's inflation measuresEBRD considers funding Turkey's electricity transmission projectBy Jonathan Spicer ISTANBUL, March 5 (Reuters) - The head of the European Bank for Reconstruction and Development told Reuters on Thursday that Turkey must "stay o...Reuters
Thu, Mar 5
Bundesbank President Joachim Nagel Not Worried About The Gold Reserves We Store In US
March 5 (Reuters) - BUNDESBANK PRESIDENT JOACHIM NAGEL OPPOSES PETROL PRICE CONTROLS IN GERMANY, RTL/NTV SAYSBUNDESBANK PRESIDENT JOACHIM NAGEL: NOT WORRIED ABOUT THE GOLD RESERVES WE STORE IN THE USReuters
Thu, Mar 5
