News
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CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.5% lower at C$1.3701 to the greenback, or 72.99 U.S. cents, after trading in a range of 1.3622 to 1.3703.Canadian government 10-year bond yields CA10YT=RR f...Reuters
Fri, Mar 13
France and Italy open talks with Iran on securing safe Hormuz passage, FT reports
March 13 (Reuters) - France and Italy have opened talks with Iran seeking to negotiate a deal to guarantee safe passage for their ships through the Strait of Hormuz, the Financial Times reported on Friday, citing people briefed on the efforts. Reuters could not immediately verify the report.Reuters
Fri, Mar 13
No evidence Iran has mined Strait of Hormuz, Pentagon's Hegseth says
By Idrees Ali and Phil StewartWASHINGTON, March 13 (Reuters) - There is no clear evidence that Iran has placed mines in the Strait of Hormuz, U.S. Defense Secretary Pete Hegseth told a news briefing on Friday.The assessment by Hegseth contrasts with news reports earlier this week suggesting Iran had...Reuters
Fri, Mar 13
Hegseth says US military has designated officer to complete probe on Iran school strike
WASHINGTON, March 13 (Reuters) - The United States has designated an officer outside of U.S. Central Command to complete an investigation on a strike on an Iranian school, U.S. Defense Secretary Pete Hegseth said on Friday."I can report that CENTCOM has designated an investigating officer to...Reuters
Fri, Mar 13
France's position in Middle East is defensive, Macron says, after attack on its soldiers
PARIS, March 13 (Reuters) - President Emmanuel Macron said on Friday a drone attack in Northern Iraq against French soldiers was "unacceptable" and that France's position in the region was "defensive". Macron told a news conference with Ukrainian President Volodymyr Zelenskiy...Reuters
Fri, Mar 13
Belarus' Lukashenko says Ukrainian drone crashed in Belarus recently, TASS reports
MOSCOW, March 13 (Reuters) - Belarusian President Alexander Lukashenko said on Friday, without providing any evidence, that a Ukrainian drone had recently crashed in Belarus, injuring one person, Russian state news agency TASS reported.Reuters
Fri, Mar 13
CANADA RESEARCH ROUNDUP-Bird Construction, CAE, Freehold Royalties
March 13 (Reuters) - Securities analysts revised their ratings and price targets for several Canadian companies on Friday, including Bird Construction, CAE and Freehold Royalties HIGHLIGHTS Bird Construction Inc BDT.TO: Raymond James raises target price to C$44 from C$34 CAE Inc CAE.TO: Canacc...Reuters
Fri, Mar 13
Hegseth says US military has designated officer to complete probe on Iran school strike
WASHINGTON, March 13 (Reuters) - The U.S. Central Command has designated an officer outside of the command to complete an investigation on a strike on Iranian school, U.S. Defense Secretary Pete Hegseth said on Friday.Reuters
Fri, Mar 13
BREAKINGVIEWS-Gulf states can make a financial point to Trump
By Afiq Fitri Alias LONDON, March 13 (Reuters Breakingviews) - ‘The defense of Saudi Arabia is vital to the defense of the United States’. President Franklin Roosevelt’s 1943 assertion, which other Gulf states like Qatar and the United Arab Emirates came to see as equally relevant to them, now lo...Reuters
Fri, Mar 13
Swiss money managers expect Iran war to increase inflows from Gulf
Swiss wealth managers expect influx of Gulf assets due to warMoney managers report increased interest in moving assets Switzerland expects to make gains from safe haven reputationBy Oliver Hirt and Ariane LuthiZURICH, March 13 (Reuters) - Wealthy individuals are looking to shift assets from the Gulf...Reuters
Fri, Mar 13
Swiss Federal Council adopts draft law to deepen ties with EU
ZURICH, March 13 (Reuters) - The Swiss government on Friday adopted a draft law containing a raft of measures aimed at deepening the Alpine country's economic ties with the European Union, which now passes to parliament.If lawmakers pass the bill, it is poised to face a national referendum, wher...Reuters
Fri, Mar 13
Explosion heard in Homs caused by old missile, state media and sources say
DAMASCUS, March 13 (Reuters) - An explosion was heard and plumes of smoke were seen rising on Friday from eastern neighborhoods of Syria's central province of Homs, state media reported. The explosion was caused by an old missile in an abandoned military barracks that was mishandled, a security ...Reuters
Fri, Mar 13
Britain says allies should keep pressure on Russia after US eases oil sanctions
LONDON, March 13 (Reuters) - Britain and its partners should maintain collective pressure on Russia through sanctions, a Downing Street spokesperson said on Friday, joining a chorus of European criticism of the United States after Washington eased sanctions on Russian oil."It's obviously a d...Reuters
Fri, Mar 13
Truist trims Fifth Third Bancorp PT, flags softer-than-expected Q1 outlook
Truist Securities cuts PT on lender Fifth Third Bancorp FITB.O to $53 from $60, still a 21.5% upside to stock's last closeSays Q1 guidance softer than expected and a poor look for a stock supposed to be a "beat and raise" storyFITB forecast Q1 NII of $1.93 billion, Q1 average loans and l...Reuters
Fri, Mar 13
US rejects WTO reform proposal before Cameroon meeting
GENEVA, March 13 (Reuters) - The U.S. ambassador to the World Trade Organization said he could not accept a draft plan for reforming the trade body ahead of a major meeting in Cameroon.Countries, led by Norway, have been working intensely for months on a position paper on reforms ahead of a meeting ...Reuters
Fri, Mar 13
