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Canada and Nordics to cooperate on military industrial production
OSLO, March 15 (Reuters) - Canada and the five Nordic countries on Sunday said they have agreed to closer cooperation to enhance their military industrial production, in support of collective defence, security and resilience.The six nations at a meeting in Oslo also vowed to continue to provide econ...Reuters
Sun, Mar 15
US President Trump: Not ready for Iran deal, warns Kharg Island could be hit again
In an interview with NBC News on Saturday, US President Donald Trump commented on the military strikes on the Kharg Island and whether he was prepared to make a deal with Iran while pressing allies once again to help secure the Strait of Hormuz.Fxstreet
Sun, Mar 15
UAE rejects Iran claim US strike on Kharg Island launched from its territory
March 14 (Reuters) - The United Arab Emirates hit back at Iran over accusations that a U.S. strike on Kharg Island — an oil hub handling about 90% of Iran's exports — originated from the Gulf state, saying Tehran's policy was confused and lacked wisdom.In a post on X, Anwar Gargash, diplomat...Reuters
Sat, Mar 14
Breaking: US strikes military targets on Kharg Island – Iran’s main oil hub
US President Donald Trump said on Saturday that the US struck military targets at a strategic Iranian outpost in the Persian Gulf and warned it could hit oil infrastructure next if Tehran keeps disrupting energy flows in the Strait of Hormuz, intensifying the two-week conflict in the region.Fxstreet
Sat, Mar 14
BP wins approval for first new gulf project since Deepwater Horizon tragedy, Bloomberg News reports
March 13 (Reuters) - The Trump administration has approved BP's BP.L plan to pump billions of dollars of crude from its Kaskida project in the Gulf of Mexico, Bloomberg News reported on Friday. BP’s deepwater Kaskida project is scheduled to start crude production in 2029, the report said. Bloomb...Reuters
Sat, Mar 14
Powell's attorneys discussed the possibility of his remaining on Fed board
Documents part of case on criminal subpoenasPowell's attorneys met with Pirro on January 29If he stayed on board, Powell could be swing voteBy Howard Schneider WASHINGTON, March 13 (Reuters) - Attorneys for Fed Chair Jerome Powell raised the possibility he might remain as a member of the cent...Reuters
Fri, Mar 13
US Attorney Pirro says will appeal ruling on case into Fed's Powell
March 13 (Reuters) - U.S. Attorney Jeanine Pirro on Friday said that the Justice Department will appeal a ruling blocking subpoenas it served to Federal Reserve Chair Jerome Powell in a probe purported to be about the management of the central bank's renovation.Reuters
Fri, Mar 13
Forecasting the upcoming week: Iran war keeps Oil in focus as markets reassess Fed outlook
The US Dollar (USD) is ending the week on a firmer stance as the US/Israeli war against Iran closes in on two weeks. Iran's closure of the Strait of Hormuz has spiked Oil prices, boosting inflation risks and prompting investors to hide in safe-haven currencies like the Greenback.Fxstreet
Fri, Mar 13
China: Industrial strength outpaces weak consumption – Commerzbank
Commerzbank’s Senior Economist Dr. Henry Hao expects upcoming China data to confirm a structural divergence: Industrial Production around 5.5% year-on-year, supported by a 21.8% export surge in green tech, versus modest 3.0% retail sales and subdued Fixed-Asset Investment near 1.5%.Fxstreet
Fri, Mar 13
CORRECTED-What to Watch in the Week Ahead and on Monday, March 16
ON MONDAYOn the U.S. economic front, the Federal Reserve is expected to report industrial production data, which likely rose 0.1% in February after increasing 0.7% in the prior month. The central bank is also likely to release capacity utilization data, which is expected to remain unchanged at 76.2%...Reuters
Fri, Mar 13
