News
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Rheinmetall expects robust 2025 sales amid Europe's defence push
Expects 25%-30% sales growth by 2025CEO cites unprecedented growth prospectsShares surge 7.6%, making it top gainer on Germany's DAXBy Miranda Murray and Matthias Inverardi BERLIN, March 12 (Reuters) - Rheinmetall RHMG.DE, a major beneficiary of Europe's big push to invest in defence, sai...Reuters
Wed, Mar 12
WRAPUP 1-Corporate gloom deepens as new Trump tariffs take effect
U.S. steel and aluminium tariffs kick in, EU retaliatesPuma blames weak sales outlook on soft U.S. and Chinese demand Porsche warns it may hike car pricesTariff flip-flops causing 'paralysis', Franklin Templeton saysJP Morgan sees 40% chance of U.S. recession this year LONDON, March 12 (R...Reuters
Wed, Mar 12
Major Japan firms agree to big wage hikes, impact on BOJ policy in focus
Hitachi meets union demand for record 6.2% hike in monthly payToyota pay increase for manufacturing staff to match 2024 which was highest since 1999Economists expect average increase to be similar to last year's 5.1%By Makiko Yamazaki TOKYO, March 12 (Reuters) - Many of Japan's biggest co...Reuters
Wed, Mar 12
Kremlin: Need to hear from US before commenting on the acceptability of a ceasefire for Russia
The Kremlin said in a statement on Wednesday, “we need to hear from US National Security Advisor Mike Waltz and Secretary of State Marco Rubio before we will comment on the acceptability of a ceasefire for Russia.” Additional takeaways A call between Trump and Putin can be organised "very fast" if needed Carefully studying statements issued after US-Ukraine talks.Fxstreet
Wed, Mar 12
Bank of Canada likely to cut rates 25 bps to cushion economy from tariffs
By Promit Mukherjee OTTAWA, March 12 (Reuters) - The Bank of Canada will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against U.S. tariffs, several economists said.If the BoC delivers the 25-basis-point cut, it will be the bank's seventh consecutive red...Reuters
Wed, Mar 12
Trump’s Recession Odds: 50-50? U.S. 2025 GDP Growth Might Slip to 1% Range
TradingKey – Less than eight weeks into Trump’s return to the White House, fears of a U.S. economy have surged. Yet the economic landscape he inherited appears relatively strong: inflation has cooled from previous highs, unemployment rate remains low, and his policies seem poised to disrupt the...TradingKey
Wed, Mar 12
