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UK not yet at decision stage on Strait of Hormuz response, Starmer says
LONDON, March 16 (Reuters) - British Prime Minister Keir Starmer said Monday the government has not yet reached a decision about potential action related to the Strait of Hormuz, but discussions are ongoing. "In relation to the defensive action, whether it's what we're doing in the r...Reuters
Mon, Mar 16
UK PM Starmer says work to reopen Strait of Hormuz will not be NATO-led
LONDON, March 16 (Reuters) - British Prime Minister Keir Starmer said on Monday that ongoing work to reopen the Strait of Hormuz would not be a NATO mission but would involve a broad alliance including Gulf partners as well as European countries and the United States. "We are working with others...Reuters
Mon, Mar 16
CAD: Softer jobs and CPI seen versus Oil risk – TD Securities
TD Securities analysts expect Canadian headline CPI to slow to 1.9% year-on-year in February, with softer core measures leaving inflation below Bank of Canada projections. However, they stress that this softer path matters less near term given Iranian conflict–driven Oil upside.
Fxstreet
Mon, Mar 16
UK announces 53 mln pound heating oil package for vulnerable households
LONDON, March 16 (Reuters) - Britain will provide a 53-million-pound ($70.30 million) package for the most vulnerable households who rely on heating oil, Prime Minister Keir Starmer said on Monday, as the conflict in the Middle East continues. Starmer also said he would not allow energy companies to...Reuters
Mon, Mar 16
Britain working with allies on plan to reopen Strait of Hormuz, Starmer says
LONDON, March 16 (Reuters) - Britain is working with allies on a collective plan to reopen the Strait of Hormuz and restore freedom of navigation in the Middle East but it will not be easy, British Prime Minister Keir Starmer said on Monday."Ultimately, we have to reopen the Strait of Hormuz to ...Reuters
Mon, Mar 16
Fed to present an updated outlook looking through the fog of war
Fed officials debate impact of US-Iran conflict on economyInflation concerns rise with oil prices above $100 per barrelFed expected to hold rates steady amid economic uncertaintyBy Howard SchneiderWASHINGTON, March 16 (Reuters) - U.S. Federal Reserve officials, their policy outlook roiled by a war t...Reuters
Mon, Mar 16
Too early to quantify impact of Iran conflict on global growth, OECD says
BUCHAREST, March 16 (Reuters) - It is too early to quantify impact of the Middle East conflict on global growth, but there is a significant level of downside risk for the global economy right now, the Secretary General of the Organization for Economic Co-operation and Development said on Monday. ...Reuters
Mon, Mar 16
Philippines' lower house gives president power to suspend fuel tax collection
MANILA, March 16 (Reuters) - The Philippine lower house of Congress has granted President Ferdinand Marcos Jr the authority to suspend the collection of fuel taxes in response to rising oil prices due to the U.S. and Israeli war on Iran. The measure requires concurrence from the Philippine Senate be...Reuters
Mon, Mar 16
FACTBOX-Major brokerages drop BoE March rate-cut call as inflation risks rise
March 16 (Reuters) - Major brokerages including Goldman Sachs and Morgan Stanley have pushed back expectations of a Bank of England rate cut, now seeing the central bank on hold in March as the U.S.-Israeli war on Iran drives up energy prices and inflation risks. The shift shows ...Reuters
Mon, Mar 16
UK's Marshalls slashes dividend as weakness in landscaping unit drags annual profit
March 16 (Reuters) - Landscaping and roofing products supplier Marshalls MSLH.L on Monday cut its annual dividend by 16% and detailed cost-saving measures after subdued demand and industry overcapacity sent annual profits tumbling.The British firm, which supplies products for residential, commercial...Reuters
Mon, Mar 16
Benchmark JGB yields rise to one-month high on inflation fears
By Rocky Swift TOKYO, March 16 (Reuters) - Benchmark Japanese government bond yields rose to a one-month high on Monday as the escalating Middle East crisis fuelled expectations of higher inflation and potential policy tightening by the Bank of Japan.The 10-year JGB yield JP10YTN=JBTC rose 3 basi...Reuters
Mon, Mar 16
