News
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US service sector expands in February; price growth accelerates
Services PMI increases to 53.5 in FebruaryPrices paid, new orders, employment measures riseBy Lucia Mutikani WASHINGTON, March 5 (Reuters) - U.S. services sector growth unexpectedly picked up in February and prices for inputs increased, which combined with a recent surge in the cost of raw materi...Reuters
Wed, Mar 5
Tesla sales in Germany slump in February, in line with European markets
By Alessandro Parodi March 5 (Reuters) - Tesla TSLA.O car sales in Germany fell by 76% in February, data showed on Wednesday, adding to the collapse in sales of Elon Musk's EV brand across Europe in what could be a loyalty test for the close ally of U.S. President Donald Trump.Tesla sales wer...Reuters
Wed, Mar 5
BoE’s Greene: Appropriate to maintain cautious approach to removing monetary restrictiveness
While testifying before the U Treasury Select Committee on Wednesday, Bank of England (BoE) policymaker Megan Greene said it is appropriate to maintain a cautious and gradual approach to removing monetary restrictiveness, as reported by Reuters.Fxstreet
Wed, Mar 5
Canada's services PMI falls to 5-month low on tariff concerns
By Fergal Smith TORONTO, March 5 (Reuters) - The downturn in Canada's services economy deepened in February as firms avoided committing to new business in anticipation of a trade war, S&P Global's Canada services PMI data showed on Wednesday.The headline Business Activity Index fell t...Reuters
Wed, Mar 5
US eyes zero tariff on cars in India trade deal as Tesla entry nears, sources say
India currently taxes car imports as much as as 110%Trump warns of reciprocal action against India's high auto taxTesla wants to enter India, but Musk critical of high tariffsIndian carmakers open to tax cut but not zero, sources sayBy Shivangi Acharya and Aditi Shah NEW DELHI, March 5 (Reut...Reuters
Wed, Mar 5
US to make Canada, Mexico tariff announcement on Wednesday, Commerce chief says
WASHINGTON, March 5 (Reuters) - U.S. Commerce Secretary Howard Lutnick said an announcement on tariffs on goods from Mexico and Canada was expected later on Wednesday after he talked with President Donald Trump, who is weighing possible sectors such as automobiles that could see some potential relie...Reuters
Wed, Mar 5
US Commerce Secretary Lutnick: We expect rates to come down if we balance the budget
In an interview with Bloomberg TV on Wednesday, US Commerce Secretary Howard Lutnick said that they will make an announcement on Canada and Mexico tariffs later in the day, adding that they will be "in the middle somewhere." Key takeaways "If Canada can stop fentanyl, US President Donald Trump is open-minded." "Trump is thinking about what sectors he can maybe consider giving Canada relief." "Trump will make the decision.Fxstreet
Wed, Mar 5
US private payrolls slow sharply in February
WASHINGTON, March 5 (Reuters) - U.S. private payrolls growth slowed sharply in February, the ADP National Employment Report showed on Wednesday.Private payrolls increased by only 77,000 jobs last month after an upwardly revised 186,000 gain in January. Economists polled by Reuters had forecast priva...Reuters
Wed, Mar 5
India's small exporters seek import duty cuts to counter US steel, aluminium tariffs
India's engineering to be hit by US tariffs, says trade bodyExporters ask government to cut tariffs on certain US importsUS 25% tariffs on steel, aluminium effective March 12 By Manoj Kumar NEW DELHI, March 5 (Reuters) - India's small engineering goods exporters have urged the government ...Reuters
Wed, Mar 5
Campbell's lowers full-year forecasts on weak demand
March 5 (Reuters) - Campbell's Co CPB.O lowered its annual sales and profit forecasts on Wednesday, signaling weak demand for snacks amid intense competition from cheaper private-label brands.The company now expects fiscal 2025 net sales to rise between 6% and 8%, compared with its previous fore...Reuters
Wed, Mar 5
Tesla's German car sales continue their decline in February
FRANKFURT, March 5 (Reuters) - Tesla TSLA.O saw its sales volume in Germany decline by more than three quarters in February, according to the German road traffic agency KBA, even though sales of electric vehicles picked up overall.According to the KBA's website, Tesla sold 1,429 cars in Germany,...Reuters
Wed, Mar 5
