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UK approves US use of British bases to strike Iran missile sites targeting ships
LONDON, March 20 (Reuters) - The British government gave authorisation on Friday for the U.S. to use military bases in Britain to carry out strikes on Iranian missile sites that are attacking ships in the Strait of Hormuz.British ministers met on Friday to discuss the Iran war and Iran's blockin...Reuters
Fri, Mar 20
Money markets raise Bank of Canada 2026 rate hike bets by 75 basis points
By Promit Mukherjee OTTAWA, March 20 (Reuters) - Money markets raised their bets on a Bank of Canada rate hike on Friday, assigning a more than 20% chance of one next month as the Iran war showed no sign of abating and oil prices rose.The markets, which are essentially led by the overnight intere...Reuters
Fri, Mar 20
WRAPUP 2-Fed officials say Iran war obscuring outlook as traders price in rate hike
Fed officials express caution due to Iran war's impact on energy pricesBowman advocates for more interest rate cuts to support labor marketIran war uncertainty affects Fed's economic, policy outlookBy Michael S. Derby and Howard Schneider NEW YORK, March 20 (Reuters) - The risk of per...Reuters
Fri, Mar 20
TREASURIES-US bonds tumble as escalating Middle East war lifts oil, inflation expectations
US to deploy more troops to Middle EastIran attacks Kuwait oil refineryInflation swaps indicate higher prices in next 12 months US rate futures start to price in rate hikeBy Gertrude Chavez-Dreyfuss NEW YORK, March 20 (Reuters) - U.S. Treasuries declined for a third session on Friday, moving in s...Reuters
Fri, Mar 20
Euro zone bonds battered as oil draws 'rate hike genie' out of the bottle
Euro zone bond yields hit 15-year high as inflation fears growECB and BoE rate hikes likely in April, markets showEnergy importers like Italy face greater bond yield pressureSpain proposes 5-billion euro package to cushion energy impactBy Amanda Cooper LONDON, March 20 (Reuters) - Benchmark euro ...Reuters
Fri, Mar 20
JP Morgan sees Qatar's economy contracting 9% after Ras Laffan attack
LONDON, March 20 (Reuters) - Qatar's economy is now likely to contract by 9% this year after missile attacks this week caused serious damage to it giant Ras Laffan LNG facility, analysts at JPMorgan warned on Friday.The Iranian attack damaged 17% of Ras Laffan's production capacity and could...Reuters
Fri, Mar 20
UK gilts under relentless pressure as Iran war intensifies
UK 10-year gilt yield rises to highest since July 2008Short-dated gilt yields also rise sharplyInvestors view Britain as vulnerable to Iran energy price shockThree Bank of England rate hikes now priced in for 2026By Andy Bruce MANCHESTER, England, March 20 (Reuters) - British 10-year government b...Reuters
Fri, Mar 20
Spain sets out $5.8 billion support package to counter Iran war's impact
Spain to cut VAT on energy bills, cut fuel prices Package to include further measures for sectors most affected by energy price spikesCoalition partner Sumar also demands housing price measures, threatened to oppose packageBy David Latona MADRID, March 20 (Reuters) - Spain's government on Fri...Reuters
Fri, Mar 20
Kraft Heinz to invest about $182 million to upgrade Montreal plant
March 20 (Reuters) - Kraft Heinz Canada KHC.O said on Friday it will invest C$250 million ($182.22 million) to modernize its Montreal-based manufacturing plant, as the company looks to ramp up production of its staple food products in the region.The move comes as the packaged food maker attempts to ...Reuters
Fri, Mar 20
FACTBOX-Wall Street brokerages continue to expect two Fed rate cuts by end-2026
March 20 (Reuters) - Major brokerages are still forecasting two U.S. Federal Reserve interest-rate cuts in 2026 in contrast to the central bank's latest projections, which signaled a single quarter-point reduction amid renewed inflation concerns fueled by the Middle East war.Morgan Stanley becam...Reuters
Fri, Mar 20
Fed's Bowman says penciled in three rate cuts for year - Fox Business Network
By Michael S. DerbyNEW YORK, March 20 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday she’s notably more in the way of interest rate cuts relative to her colleagues.“I'm still concerned about...the job market,” Bowman said in an interview on the FOX Business...Reuters
Fri, Mar 20
Fed's Bowman says new external review of Silicon Valley Bank failure underway
By Pete Schroeder NEW YORK, March 20 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that the U.S. central bank is taking another look at what went wrong with Silicon Valley Bank three years ago.“What happened there was really a failure of supervision and a fail...Reuters
Fri, Mar 20
Canada's retail sales up 1.1% in January, boosted by auto sales
By Promit MukherjeeOTTAWA, March 20 (Reuters) - Canada's retail sales were up 1.1% in January on a month-over-month basis to C$69.65 billion ($50.81 billion) led by higher sales at motor vehicles and parts dealers, Statistics Canada said on Friday. In December, retail sales fell 0.4% on a monthl...Reuters
Fri, Mar 20
Fed's Waller says was planning to call for rate cut until oil shock raised inflation risks - CNBC
WASHINGTON, March 20 (Reuters) - U.S. Federal Reserve Governor Christopher Waller said he was planning to dissent in favor of a rate cut at this week's meeting of the central bank because of unexpected job losses in February, but a developing oil shock and the threat of more persistent inflation...Reuters
Fri, Mar 20
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% higher at C$1.3714 to the greenback, or 72.92 U.S. cents, after trading in a range of 1.37 to 1.3742.Canadian government 10-year bond yields CA10YT=R...Reuters
Fri, Mar 20
Fed's Bowman: Fed has launched new external review of Silicon Valley Bank failure- Fox Business Network
NEW YORK, March 20 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that the U.S. central bank is taking another look at what went wrong with Silicon Valley Bank three years ago.“What happened there was really a failure of supervision and a failure of bank managemen...Reuters
Fri, Mar 20
Fed's Bowman says penciled in three rate cuts for year - Fox Business Network
NEW YORK, March 20 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday she sees a series of interest rate cuts happening this year amid concerns about labor market softness.“I'm still concerned about...the job market,” Bowman said in an interview on the Fox Busines...Reuters
Fri, Mar 20
