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Med crude-Urals diffs drift sideways, Kazakhstan exceeded its OPEC+ output quota in February
MOSCOW, March 3 (Reuters) - Urals crude differentials were steady on Monday in opaque market, while Kazakhstan exceeded its output quota of 1.468 million bpd within the OPEC+ group in February, according to the sources and Reuters calculations.Kazakhstan raised crude oil and gas condensate producti...Reuters
Mon, Mar 3
Fed's Musalem expects continued economic growth, but sees risks in recent data
By Howard Schneider WASHINGTON, March 3 (Reuters) - St. Louis Federal Reserve President Alberto Musalem said on Monday he expects the U.S. economy to continue to expand this year, but recent weaker-than-expected consumption and housing data and reports from business contacts have raised concerns ...Reuters
Mon, Mar 3
Pharmacy residents accuse US hospitals of wage-fixing in new lawsuit
By Mike Scarcella March 3 (Reuters) - A new lawsuit has accused major U.S. hospital systems and a professional association for pharmacists of conspiring to restrict recruitment, hiring and compensation for resident pharmacists seeking advanced training.The proposed class action was filed in Green...Reuters
Mon, Mar 3
US insurance stocks outperform Wall Street in final week of February
By Carlos PallordetMarch 3 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co rose 5.6% last week, outpacing all major Wall Street benchmarks.The S&P 500 closed the week down 1.0% while the Nasdaq-100 fell 3.4%.The small-cap Russell 2000 be...Reuters
Mon, Mar 3
US construction spending unexpectedly declines in January
WASHINGTON, March 3 (Reuters) - U.S. construction spending unexpectedly fell in January, pulled down by a decline in outlays on multi-family homebuilding. The Commerce Department's Census Bureau said on Monday that construction spending dropped 0.2% after an unrevised 0.5% increase in December. ...Reuters
Mon, Mar 3
Trump to decide US tariff levels on Mexico, Canada as Tuesday deadline approaches
Tariffs due to take effect at 12:01 a.m. Tuesday Trump has vowed 25% tariffs on all imports from Canada and Mexico, with 10% for Canadian energyCommerce chief hinted that Trump might not impose full amount of tariffsBy David Lawder and Andrea Shalal WASHINGTON, March 3 (Reuters) - U.S. President ...Reuters
Mon, Mar 3
US manufacturing stable in February, but storm brewing from tariffs
Manufacturing PMI dips to 50.3 in FebruaryMeasures of new factory orders, employment slumpGauge of prices paid for inputs highest since June 2022By Lucia Mutikani WASHINGTON, March 3 (Reuters) - U.S. manufacturing was steady in February, but a measure of prices at the factory gate jumped to near ...Reuters
Mon, Mar 3
Ford's total February sales fall 9%
Adds background and details from release in paragraphs 2-4March 3 (Reuters) - Ford Motor Co F.N on Monday reported an about 9% drop in its auto sales for February. Automakers have been trying to cut costs amid lower interest for new vehicles, and brace for the potential impact of U.S. tariffs on imp...Reuters
Mon, Mar 3
Canadian factory PMI tumbles as tariff uncertainty hits sentiment
By Fergal Smith TORONTO, March 3 (Reuters) - Canadian manufacturing activity contracted for the first time in six months in February as an uncertain trade outlook led to firms turning the most pessimistic since the start of the COVID-19 pandemic.The S&P Global Canada Manufacturing Purchasing ...Reuters
Mon, Mar 3
White House trade adviser Navarro doesn't see Trump wavering on tariffs
WASHINGTON, March 3 (Reuters) - White House trade adviser Peter Navarro on Monday said the impact of President Donald Trump's tariffs on U.S. consumer prices would be "second order small" given concurrent plans to deregulate industry, shrink the federal government and expand energy produ...Reuters
Mon, Mar 3
