News
Important Only
US Commerce chief says tariffs on autos from all countries 'would be fair'
WASHINGTON, March 14 (Reuters) - U.S. Commerce Secretary Howard Lutnick on Friday signaled that next month's U.S. tariffs could be imposed on cars from all countries, including South Korea, Japan and Germany.Reuters
Fri, Mar 14
BMW CFO: 1-bln-euro figure is estimate of impact of newly imposed tariffs
BERLIN, March 14 (Reuters) - BMW's BMWG.DE chief financial officer said the 1-billion-euro ($1.09 billion) figure mentioned earlier on Friday by its CEO was an estimate of the impact of newly imposed tariffs but was not a formal provision in its books.Reuters
Fri, Mar 14
Coffee price shocks take about a year to feed through to consumers, UN report says
LONDON, March 14 (Reuters) - Raw coffee price shocks take about a year to feed through to consumers while the residual impact lasts at least four years, according to a report published on Friday by the United Nation's Food and Agriculture Organisation (FAO).Reuters
Fri, Mar 14
China, Russia back Iran as Trump presses Tehran for nuclear talks
China, Russia, Iran say talks should be based on mutual respectThey say 'unlawful' unilateral sanctions should be liftedChina, Russia urge respect for Iran's right to peaceful uses of nuclear energyBy Ryan Woo, Xiuhao Chen and Laurie Chen BEIJING, March 14 (Reuters) - China and Russia...Reuters
Fri, Mar 14
Electronics giant Foxconn forecasts strong Q1 revenue after profit miss
Foxconn sees strong revenue growth in Q1Q4 profit drops 13% and misses forecast on non-operating lossSays it now has more resilient supply chains to cope with trade warSays AI server would account for over 50% of its server revenue this yearBy Wen-Yee Lee and Yimou Lee TAIPEI, March 14 (Reuters) ...Reuters
Fri, Mar 14
Amid tariff risks, Vietnam signs energy deals with US, reviews duties to boost US imports
Vietnam working on lower duties on US farm, tech goods, LNGVietnam, US firms sign deals for Vietnam's energy importsVietnam's trade minister meets US trade rep in WashingtonVietnam is among top exporters to US, has huge trade surplusLarge US business mission to visit Vietnam next weekBy Fran...Reuters
Fri, Mar 14
S&P 500 Enters Correction——Was Trump a Bull Market Killer?
TradingKey — With President Trump's tariffs remaining unpredictable, Wall Street's optimism for a renewed U.S. stock market rally has quickly faded. The S&P 500 Index has dropped more than 10% from its all-time high, officially entering technical correction territory. Markets are now debating...
TradingKey
Fri, Mar 14
EMERGING MARKETS-Stocks rise on China boost, but face weekly dip on trade war concerns
March 14 (Reuters) - Emerging market stocks advanced on Friday, buoyed by heavyweight Chinese shares, but were set for modest weekly declines as U.S. President Donald Trump's tariff threats kept risk-taking in check.MSCI's index for emerging market stocks .MSCIEF climbed 0.9% by 0904 GMT, boosted...
Reuters
Fri, Mar 14
Germany faces debt deal 'cliffhanger' as Merz strives for Greens' backing
BERLIN, March 14 (Reuters) - German Chancellor-in-waiting Friedrich Merz was set to make a last-ditch attempt on Friday to convince the Greens of his plans for a massive increase in state borrowing to bolster defence and infrastructure ahead of a parliamentary vote next week.Reuters
Fri, Mar 14
Putin suggests US ceasefire idea for Ukraine needs serious reworking
Putin says many details to work out in US truce planPutin says any ceasefire must lead to long peaceUS envoy visited Moscow for talksZelenskiy says Putin plans to reject ceasefire By Guy Faulconbridge, Andrew Osborn and Vladimir Soldatkin MOSCOW, March 13 (Reuters) - President Vladimir Putin said...Reuters
Fri, Mar 14
GBP/USD loses momentum below 1.2950 on downbeat UK GDP data
The GBP/USD pair loses ground to near 1.2925 during the early European session on Friday. The Pound Sterling (GBP) edges lower after the release of UK growth numbers. The attention will shift to the preliminary Michigan Consumer Sentiment for March, which will be published later on Friday.
Fxstreet
Fri, Mar 14
Trump's trade war is 'wake-up call' for Europe, Lagarde says
FRANKFURT, March 14 (Reuters) - A full-scale global trade war would hurt the United States in particular and could re-energise Europe's push towards unity, European Central Bank President Christine Lagarde said on Friday.The U.S. has imposed a raft of tariffs on friends and foes alike and...
Reuters
Fri, Mar 14
Gold price hits fresh all-time high; approaches $3,000 amid trade war fears
Gold price (XAU/USD) enters a bullish consolidation and oscillates in a narrow range near the all-time peak touched during the Asian session on Friday. Investors remain worried about US President Donald Trump's aggressive trade policies and their impact on the global economy, which, in turn...
Fxstreet
Fri, Mar 14
Japan's yields on shorter-dated bonds fall as US Treasury yields drop
TOKYO, March 14 (Reuters) - Yields on shorter-dated Japanese government bonds fell on Friday, supported by overnight declines of U.S. Treasury yields, while those on longer-dated bonds rose amid a lack of demand at the fiscal year-end.The two-year JGB yield JP2YTN=JBTC fell 1 basis point to...Reuters
Fri, Mar 14
US Dollar Index holds gains near 104.00 ahead of Michigan Consumer Sentiment Index release
The US Dollar Index (DXY), which tracks the US Dollar (USD) against six major currencies, extends its winning streak for a third consecutive day amid improved Treasury yields. The DXY is trading near 104.00 with 2- and 10-year yields on US Treasury bonds standing at 3.96% and 4.29%, respectively...Fxstreet
Fri, Mar 14
Oracle mulls data center investment in Indonesia's Batam Island, Bloomberg News reports
March 14 (Reuters) - Oracle Corp ORCL.N is in discussions with the Indonesian government to establish a cloud services center in the country's Batam Island, Bloomberg News reported on Friday, citing people familiar with the matter.Nongsa Digital Park in Batam is favoured as a location considering...
Reuters
Fri, Mar 14
Oil bounces as Ukraine ceasefire deal remains elusive
SINGAPORE, March 14 (Reuters) - Oil prices rebounded on Friday to recover some of their more than 1% losses in the previous session, partly due to diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies.Brent crude futures rose 46 cents, or 0.7%...
Reuters
Fri, Mar 14
