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India: Growth and inflation risks from energy shock – MUFG
MUFG’s Senior Currency Analyst Michael Wan highlight that a Strait of Hormuz closure would hit India through Oil, Liquified Petroleum Gas and Natural Gas Liquids shortages, with spillovers to fertiliser, food production and inflation.Fxstreet
Thu, Mar 12
'Made in EU' proposal poses danger to UK auto industry, car lobby CEO says
Proposal would exclude UK-made cars from EU corporate fleets, SMMT's Hawes saysAbout 60% of UK car production is destined for EUHawes urges UK government to review 'zero emission vehicle' mandate By Nick Carey LONDON, March 12 (Reuters) - The European Commission's 'Made in EU&...Reuters
Thu, Mar 12
India plans fresh incentives for phone production in boost for Apple, Samsung
By Shivangi AcharyaNEW DELHI, March 12 (Reuters) - India is planning fresh incentives for local production of mobile phones after its flagship program for the burgeoning sector expires this month, two sources said, in a boost for global firms like Apple AAPL.O and Samsung 005930.KS.The South Asian ...Reuters
Thu, Mar 12
Morning News Call - Canada, March 12
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Building Pe...Reuters
Thu, Mar 12
UK's Informa delays Middle East events due to Iran war, remains committed to region
Informa says about 40% of IMEA region revenue already securedAnnual profit for 2025 jumps 15%Share buyback expanded to 250 million poundsBy Yamini Kalia March 12 (Reuters) - Informa INF.L has postponed events across more than 10 brands in the Middle East to the latter months of 2026 due to confli...Reuters
Thu, Mar 12
German economic recovery to slow only slightly due to Iran war, economists say
Ifo, IfW see 0.8% economic growth this yearGovernment spending expected to fuel demandMajor institutes expect inflation of at least 2.5% this yearBy Miranda Murray BERLIN, March 12 (Reuters) - Germany's economic recovery will slow only slightly this year as long as energy prices driven up by ...Reuters
Thu, Mar 12
Thailand has strategy to provide clarity to US on any 301 trade probe, minister says
BANGKOK, March 12 (Reuters) - Thailand has a strategy to provide clarity to the United States if it conducts an unfair trade practice investigation, its Finance Minister said on Thursday. Thailand has a trade surplus with the United States because many U.S. companies invest in Thailand, Ekniti Nitit...Reuters
Thu, Mar 12
ECB: Hawkish comments drive rate expectations – Commerzbank
Commerzbank’s Rates Strategist Hauke Siemßen argues that recent Oil-driven moves in Euro rates have given way to ECB-driven repricing. Comments from Kazimir and Schnabel have led forwards to discount a first 25 bp ECB rate hike by July, even as Commerzbank still forecasts no hikes this year.
Fxstreet
Thu, Mar 12
Germany's Ifo warns prolonged energy spike could trim 2026 economic growth to 0.6%
BERLIN, March 12 (Reuters) - Germany's Ifo institute warned on Thursday that energy prices driven up by the war in Iran would knock 0.2 percentage points off its economic growth forecast for this year if they remain significantly elevated for an extended period.The institute expects economic gro...Reuters
Thu, Mar 12
IEA head says oil reserve release had 'strong impact' on markets
By Ezgi Erkoyun ISTANBUL, March 12 (Reuters) - The IEA's decision to release 400 million barrels of oil from global strategic reserves has already had a "strong impact" on energy markets, which are in an "extremely critical period" after the closure of the Strait of Hormuz...Reuters
Thu, Mar 12
Goldman Sachs delays BoE rate-cut outlook again on energy-driven inflation risks
March 12 (Reuters) - Goldman Sachs has pushed back its Bank of England rate-cut outlook for the second time this month, citing inflation risks from higher energy prices, and now expects three 25-basis-point cuts in July and November this year, and one in February 2027. While a rate cut at the April ...Reuters
Thu, Mar 12
Germany's IfW institute lowers economic growth forecast on high commodity prices
BERLIN, March 12 (Reuters) - Germany's IfW institute slightly lowered its 2026 economic forecast on Thursday based on expectations that commodity prices driven higher by the war in Iran will remain significantly elevated for only a few months. "New headwinds threaten from the military confli...Reuters
Thu, Mar 12
