News
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Canada warns of oil export restrictions amid escalating trade tensions with US
Canada’s Energy Minister Jonathan Wilkinson said late Tuesday that the country may impose non-tariff measures, including restrictions on oil exports to the United States if trade tensions with Washington escalate further.Fxstreet
Tue, Mar 11
Houthi terrorists vow to resume attacks on Israeli ships
A Houthi spokesman said late Tuesday that they will attack any Israeli ship that violates the group's ban on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait, and the Gulf of Aden, effective immediately.Fxstreet
Tue, Mar 11
Japan firms set to offer large wage hikes for a third straight year
By Makiko Yamazaki TOKYO, March 12 (Reuters) - Many of Japan's biggest companies are expected to offer substantial wage hikes for a third consecutive year when they conclude talks with unions on Wednesday, seeking to help workers cope with inflation and retain staff amid labour shortages.Last...Reuters
Tue, Mar 11
CERAWEEK-Global companies eye more US investment as Trump touts energy dominance
By Georgina McCartney and Arathy Somasekhar HOUSTON, March 11 (Reuters) - Market upheaval from U.S. President Donald Trump's protectionist trade policies has not dampened foreign investment interest in the U.S. energy industry, executives said this week, as they lauded his promise to cut regu...Reuters
Tue, Mar 11
IMF approves $1.2 billion for Egypt after fourth review
CAIRO, March 11 (Reuters) - The International Monetary Fund approved the disbursement of $1.2 billion to Egypt following completion of the fourth review of the country's $8 billion economic reform programme, after allowing Egypt to waive a primary budget surplus target.The IMF's executive bo...Reuters
Tue, Mar 11
Argentina pushes new IMF deal toward finish line with decree
Decree part of strategy to get a potential loan approved fasterA deal would now need support from just one chamber of CongressDeal could be announced in April or May, government source saysFresh IMF funds would pay off Treasury debt with central bankBy Gabriel BurinBUENOS AIRES, March 11 (Reuters) -...Reuters
Tue, Mar 11
US President Donald Trump pivots on tariff threats in record time
Within hours of his declaration via social media to impose a double tariff of 50% on Canadian steel and aluminum, US President Donald Trump has capitulated to pressures from both the market and within his cabinet, floating the suggestion that he may pivot away from his own double-tariff just hours after declaring his intent to double targeted tariffs on Canada on his Truth Social account.Fxstreet
Tue, Mar 11
Businesses sound alarm as Trump tariff chaos hits the economy
Delta Air warns corporate, consumer travel weakeningTariff moves against Canada confuse investors'Reluctance' in US consumer, industrial demand - HenkelTrump due to meet CEOs of America's biggest companies on TuesdayMore than 900 companies have discussed tariffs this year LONDON/NEW Y...Reuters
Tue, Mar 11
Ontario PM Ford agrees to suspend energy levies on US after Lutnick agrees to trade talks
Ontario Prime Minister Doug Ford agreed to suspend his announced export tariffs on Ontario-produced electricity bound for the US after US Secretary of Commerce Howard Lutnick agreed to emergency trade talks with Canada.Fxstreet
Tue, Mar 11
US White House Press Secretary Leavitt: We're in a period of economic transition
White House Press Secretary Karoline Leavitt addressed the press from the White House on Tuesday, following up on President Donald Trump's declarations of setting additional tariffs on Canada, to begin as soon as Wednesday.Fxstreet
Tue, Mar 11
Kazakhstan has yet to deliver oil output and CPC Blend export cuts in March, sources say
MOSCOW, March 11 (Reuters) - Kazakhstan has yet to deliver its announced oil output and CPC Blend export cuts through the Caspian Pipeline Consortium (CPC), its main exporting route, five industry sources said.The country is in discussions with oil majors to bring supply back in line with targets se...Reuters
Tue, Mar 11
CORRECTED-Tariff chaos could push Mexico into technical recession
By Ana Isabel Martinez and Noe Torres MEXICO CITY, March 11 (Reuters) - Mexico's economy appears on track to contract in the first quarter, entering a technical recession, according to analysts, as U.S. President Donald Trump’s on-again, off-again tariffs wreak havoc on growth that was alread...Reuters
Tue, Mar 11
WRAPUP 1-US job openings rise, layoffs low before Trump policy shifts
Job openings increase 232,000 to 7.740 million in JanuaryHires rise 19,000 to 5.393 million; layoffs decline 34,000Vacancies revised lower from January 2024 through DecemberSmall business confidence ebbs for third straight monthBy Lucia Mutikani WASHINGTON, March 11 (Reuters) - U.S. job openings ...Reuters
Tue, Mar 11
