News
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Saudi's PIF to anchor new Gulf-focused funds from Goldman Sachs
March 3 (Reuters) - Saudi Arabia's sovereign wealth fund will be the anchor investor in Goldman Sachs Asset Management's specific new funds focused on the kingdom and other Gulf Cooperation Council countries, the companies said on Monday.The tie-up comes as the $925 billion Public Investment...Reuters
Mon, Mar 3
TREASURIES-US yields decline after manufacturing data as tariff deadline nears
ISM Manufacturing PMI slips, raising concerns about economic strengthTariff decisions on Canada and Mexico expected from TrumpMarket pricing in 67 bps of cuts from Fed this yearUpdates to afternoon U.S. tradingBy Chuck Mikolajczak NEW YORK, March 3 (Reuters) - Longer-dated U.S. Treasury yields fe...Reuters
Mon, Mar 3
CORRECTED-TREASURIES-US yields dip after manufacturing data as tariff deadline looms
Corrects to show earlier Fed expectations were for cuts of less than 50 bps, not hikesISM Manufacturing PMI slips, raising concerns about economic strengthTariff decisions on Canada and Mexico expected from TrumpMarket pricing in 65 bps of cuts from Fed this yearBy Chuck Mikolajczak NEW YORK, Mar...Reuters
Mon, Mar 3
US President Donald Trump: US agriculture products should be sold in US
United States (US) President Donald Trump hit social media wires on Monday, touching on a wide swath of subjects, but carving time out of his social posting to briefly signal his plans to fundamentally shift how the US agriculture sector works at a foundational level.Fxstreet
Mon, Mar 3
WRAPUP 2-US manufacturing stable, price pressures surge ahead of tariffs storm
Adds details from report and analyst comments, updates market moves in paragraphs 5-6, 11, 17, 21Manufacturing PMI dips 0.6 percentage point to 50.3 in FebruaryMeasures of new factory orders, employment slumpGauge of prices paid for inputs at highest level since June 2022By Lucia Mutikani WASHING...Reuters
Mon, Mar 3
Fed's Musalem: Unanchoring inflation expectations would concern me
Federal Reserve (Fed) Bank of St Louis Alberto Musalem hit newswires on Monday, admitting that signs of economic deterioration are beginning to show through the cracks, but that overall growth and labor figures still look good, at least for the time being.Fxstreet
Mon, Mar 3
Med crude-Urals diffs drift sideways, Kazakhstan exceeded its OPEC+ output quota in February
MOSCOW, March 3 (Reuters) - Urals crude differentials were steady on Monday in opaque market, while Kazakhstan exceeded its output quota of 1.468 million bpd within the OPEC+ group in February, according to the sources and Reuters calculations.Kazakhstan raised crude oil and gas condensate producti...Reuters
Mon, Mar 3
Fed's Musalem expects continued economic growth, but sees risks in recent data
By Howard Schneider WASHINGTON, March 3 (Reuters) - St. Louis Federal Reserve President Alberto Musalem said on Monday he expects the U.S. economy to continue to expand this year, but recent weaker-than-expected consumption and housing data and reports from business contacts have raised concerns ...Reuters
Mon, Mar 3
Pharmacy residents accuse US hospitals of wage-fixing in new lawsuit
By Mike Scarcella March 3 (Reuters) - A new lawsuit has accused major U.S. hospital systems and a professional association for pharmacists of conspiring to restrict recruitment, hiring and compensation for resident pharmacists seeking advanced training.The proposed class action was filed in Green...Reuters
Mon, Mar 3
US insurance stocks outperform Wall Street in final week of February
By Carlos PallordetMarch 3 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co rose 5.6% last week, outpacing all major Wall Street benchmarks.The S&P 500 closed the week down 1.0% while the Nasdaq-100 fell 3.4%.The small-cap Russell 2000 be...Reuters
Mon, Mar 3
US construction spending unexpectedly declines in January
WASHINGTON, March 3 (Reuters) - U.S. construction spending unexpectedly fell in January, pulled down by a decline in outlays on multi-family homebuilding. The Commerce Department's Census Bureau said on Monday that construction spending dropped 0.2% after an unrevised 0.5% increase in December. ...Reuters
Mon, Mar 3
Trump to decide US tariff levels on Mexico, Canada as Tuesday deadline approaches
Tariffs due to take effect at 12:01 a.m. Tuesday Trump has vowed 25% tariffs on all imports from Canada and Mexico, with 10% for Canadian energyCommerce chief hinted that Trump might not impose full amount of tariffsBy David Lawder and Andrea Shalal WASHINGTON, March 3 (Reuters) - U.S. President ...Reuters
Mon, Mar 3
