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Russia's Severstal warns of construction risks as region bans migrant labour
Steelmaker says ban threatens dozens of projectsRare clash between leading company and regional bossRow highlights Russia's labour shortage problemsBy Anastasia Lyrchikova and Alexander Marrow MOSCOW, Feb 28 (Reuters) - Russian steelmaker Severstal CHMF.MM on Friday slammed a decision by a re...Reuters
Fri, Feb 28
Romanian defense spending could reach 3%/GDP in 1-2 years - president
BUCHAREST, Feb 28 (Reuters) - Romanian defense spending could reach 3% of GDP in stages in one-two years, Interim President Ilie Bolojan said on Friday, adding the defense spending target for 2025 was slightly higher than last year.He added that it was premature to discuss sending troops to Ukraine ...Reuters
Fri, Feb 28
CK Hutchison plans $1 billion port investment in Pakistan, ministry says
Islamabad, Feb 28 (Reuters) - Hong Kong conglomerate CK Hutchison Holdings Limited's 0001.HK ports subsidiary plans to invest $1 billion to upgrade its operations in Pakistan, its Finance Ministry said on Friday."Hutchison Ports presented their upcoming investment plan of $1 billion, aimed a...Reuters
Fri, Feb 28
POLL-US housing to get a bit more affordable this year, but mainly due to lower rates
cpurl://apps.cp./cms/?pageId=house-poll poll dataBy Sarupya Ganguly BENGALURU, Feb 28 (Reuters) - Affordability in the U.S. housing market will improve modestly in the coming year, according to property market experts polled by Reuters, based on expectations for a few more interest rate cuts, not...Reuters
Fri, Feb 28
India's economic growth accelerates to 6.2% in October-December
Corrects revised GDP growth for July-September to 5.6% (not 5.8%) in paragraph 2By Nikunj Ohri NEW DELHI, Feb 28 Reuters) - India's economy grew by 6.2% in October-December, marginally below expectations but faster than in the previous quarter on the back of increased government and consumer ...Reuters
Fri, Feb 28
BOJ to hike policy rate to 1.00% over the next two years – BBH
USD/JPY rallied above 150.00, BBH's FX analysts report. BoJ normalization cycle to continue "Tokyo February CPI inflation cools more than anticipated and supports the case for a gradual Bank of Japan normalization cycle.
Fxstreet
Fri, Feb 28
Markets price in 50% chance of four ECB cuts in 2025 on weak economy
By Stefano Rebaudo Feb 28 (Reuters) - German short-dated yields fell to a 10-week low on Friday as traders increased their bets on future European Central Bank rate cuts, pricing in a 50% chance of a fourth easing move amid concerns about the bloc's economy.U.S. President Donald Trump floated...Reuters
Fri, Feb 28
India's economy grows 6.2% in October-December
NEW DELHI, Feb 28 Reuters) - India's economy expanded by 6.2% in October-December from a year earlier, picking up from a revised 5.6% growth in the previous quarter, government data showed on Friday.A Reuters poll had predicted a 6.3% expansion in gross domestic product for the quarter that ende...Reuters
Fri, Feb 28
WRAPUP 1-Softer inflation, weak growth bolster case for ECB rate cuts
French inflation tumbles to four-year lowEuro zone consumers lower inflation betsEconomic growth seen muted, with firms on edge over U.S. trade policyECB seen cutting rates next week and at least two more times in 2025By Balazs Koranyi FRANKFURT, Feb 28 (Reuters) - Euro zone inflation prospects i...Reuters
Fri, Feb 28
