News
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Commodities
METALS-Copper slumps on weak China data, risk-averse investors
By Eric Onstad LONDON, March 7 (Reuters) - Copper prices slid on Friday on weak trade data from top metals consumer China, selling by miners and as investors reduced positions amid volatile changes in U.S. tariff policy.Benchmark three-month copper on the London Metal Exchange (LME) CMCU3 dropped...Reuters
Fri, Mar 7
Other
UK court dismisses lawmakers' case against FCA over bank redress scheme
LONDON, March 7 (Reuters) - London's High Court on Friday dismissed a legal challenge brought by British lawmakers against a financial watchdog over the scope of a 2.2 billion-pound ($2.8 billion) bank redress scheme related to interest rate hedging products.The Financial Conduct Authority (FCA)...Reuters
Fri, Mar 7
Other
US meeting with NATO's secretary general next week, Waltz says
By Bo EricksonWASHINGTON, March 7 (Reuters) - Speaking about U.S. diplomacy on the war in Ukraine, White House National Security Adviser Mike Waltz said the NATO Secretary General Mark Rutte is coming to a meeting next week. “The president has had multiple conversations and a visit from President Ma...Reuters
Fri, Mar 7
Stocks
GLOBAL MARKETS-Stocks, dollar, yields fall after US jobs report
U.S. stocks lower in choppy tradingU.S. economy adds 151,000 jobs in FebruaryBond selloff abates Euro heading for best week since 2009 By Caroline Valetkevitch and Tom Wilson NEW YORK/LONDON, March 7 (Reuters) - Stock indexes were lower on Friday while the U.S. dollar fell to multi-month lows ag...Reuters
Fri, Mar 7
Economic Indicator
TEXT-Fed Chair Jerome Powell's remarks on March 7, 2025
March 7 (Reuters) - For the full text of Federal Reserve Chair Jerome Powell's remarks to the University of Chicago Booth School o Business 2024 U.S. Monetary Policy Forum, please click:https://www.federalreserve.gov/newsevents/speech/powell20250307a.htmReuters
Fri, Mar 7
Commodities
Navoi Mining & Metallurgical Co Eyeing Potential London Listing Valuing Miner At $5.2 Billion Or More- Bloomberg News
March 7 (Reuters) - NAVOI MINING & METALLURGICAL CO EYEING POTENTIAL LONDON LISTING VALUING MINER AT $5.2 BILLION OR MORE- BLOOMBERG NEWSSource text: https://tinyurl.com/2dlxje7zFurther company coverage: [ ]Reuters
Fri, Mar 7
Commodities
Canada launches C$5 billion program to help exporters reach new markets
OTTAWA, March 7 (Reuters) - Canada is launching a C$5 billion program to help Canadian exporters reach new markets as part of a suite of measures to support businesses and workers in response to U.S. tariffs, the federal government said in a statement Friday.The government will also make C$1 billion...Reuters
Fri, Mar 7
Other
Apple says some AI improvements to Siri delayed to 2026
By Stephen Nellis March 7 (Reuters) - Some artificial intelligence improvements to Apple's AAPL.O voice assistant Siri will be delayed until 2026, the company said on Friday. In a statement, Apple said it has "been working on a more personalized Siri, giving it more awareness...Reuters
Fri, Mar 7
Stocks
STOXX 600 snaps 10-week winning streak as US tariff uncertainty weighs
U.S. job growth picks up in FebruaryLuxury stocks hit by tariff uncertaintySTOXX down 0.5%, snaps ten-week win streak By Nikhil Sharma and Purvi Agarwal March 7 (Reuters) - European shares closed Friday lower, as investors grappled with whipsaw changes in U.S. trade policy throughout the week and...Reuters
Fri, Mar 7
Stocks
MeridianLink hits over one-month high after Q4 revenue beats expectations
** Shares of financial software provider MeridianLink MLNK.N jump as much as 15.5%, hitting their highest since late January ** Stock last up 11.7% at $20.60** Late Thursday, MLNK reported Q4 revenue above Wall Street expectations** MLNK also authorized repurchase of up to $129.5 million worth of sh...Reuters
Fri, Mar 7
Stocks
Broadcom Stock Pops as Earnings and Outlook Beat Expectations on Strong Demand for Custom Artificial Intelligence (AI) Chips
Shares of Broadcom (NASDAQ: AVGO) gained 12.8% in Thursday's after-hours trading, following the semiconductor and infrastructure software maker's release of its report for the first quarter of fiscal year 2025 (ended Feb. 2).The stock's rise is attributable in part to the quarter's revenue and earni...The Motley Fool
Fri, Mar 7
Other
Ukraine foreign minister says he had 'constructive call' with US counterpart Rubio
March 7 (Reuters) - Ukrainian foreign minister Andrii Sybiha said he had a "constructive call" with his U.S. counterpart Marco Rubio on Friday to discuss an upcoming bilateral meeting in Saudi Arabia."Ukraine wants the war to end, and US leadership is essential for achieving lasting peac...Reuters
Fri, Mar 7
Other
Trump says it is difficult dealing with Ukraine, may be easier with Russia
WASHINGTON, March 7 (Reuters) - U.S. President Donald Trump told reporters at the White House on Friday said he was finding it more difficult to deal with Ukraine and that it may be easier to deal with Russia as his administration seeks to reach a peace agreement.Reuters
Fri, Mar 7
Commodities
India extends permission for duty-free imports of yellow peas until May 2025
MUMBAI, March 7 (Reuters) - India has extended permission for duty-free imports of yellow peas until May 31, according to a government order issued late on Friday.The South Asian nation is the world's biggest importer of yellow peas.Reuters
Fri, Mar 7
Stocks
REFILE-Hedge fund Rokos Capital Management returns 0.57% for the year so far, says source
By Nell MackenzieLONDON, March 7 (Reuters) - Hedge fund Rokos Capital Management's return on investment was down 0.29% during February to the 21st but was up 0.57% for 2025 so far, said a source with knowledge of the matter on Friday. Volatility in financial markets helped the performance of...Reuters
Fri, Mar 7
Commodities
CMA CGM in talks with US shipyards, CEO tells Les Echos
PARIS, March 7 (Reuters) - CMA CGM is in talks with shipyards about the possibility of having medium-sized container vessels built in the United States, the French shipping group's CEO Rodolphe Saade told Les Echos newspaper."We are in talks with several shipyards to see how long it would ta...Reuters
Fri, Mar 7
Economic Indicator
Trump rails against Canadian tariffs on US dairy and lumber, sees tariffs as early as Friday
WASHINGTON, March 7 (Reuters) - U.S. President Donald Trump on Friday railed against what he called tremendously high Canadian tariffs on dairy and lumber, and said his administration could impose reciprocal tariffs on Canadian products as early as Friday."Canada has been ripping us off on for y...Reuters
Fri, Mar 7
