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UK's Balfour Beatty names Philip Hoare as CEO
March 5 (Reuters) - British construction and infrastructure group Balfour Beatty BALF.L on Wednesday named Philip Hoare as its next CEO, replacing Leo Quinn who will leave the firm after more than 10 years.Shares of the London-headquartered company fell as much as 5.8% to 429.2 pence, hitting its lo...Reuters
Wed, Mar 5
Stocks
Microsoft Stock at Year-Ago Levels: Does Its Fundamentals Still Hold?
Since late February, U.S. stocks have entered a correction phase, with cloud giant Microsoft (MSFT.US) retreating to year-ago levels. Analysts argue that the current share price fails to reflect the company’s still-robust fundamentals.
TradingKey
Wed, Mar 5
Other
Soccer-Yamal will renew contract with Barcelona, says agent Mendes
March 5 (Reuters) - Barcelona winger Lamine Yamal will extend his contract with the LaLiga club beyond 2026, his agent Jorge Mendes said on Wednesday.The 17-year-old Spain international, who won the 2024 Golden Boy award to cap off a year in which he helped his country win the European Championship...Reuters
Wed, Mar 5
Stocks
Russian rouble firms towards 89 against dollar
March 5 (Reuters) - The Russian rouble firmed towards the 89 mark against the U.S. dollar on Wednesday, paring some losses after five consecutive sessions of depreciation, as markets responded to the geopolitical impetus of potential sanctions relief.The rouble is up against the dollar this year, mo...Reuters
Wed, Mar 5
Stocks
MIDEAST STOCKS-Major Gulf markets fall on trade war worries
March 5 (Reuters) - Major stock markets in the Gulf fell in early trade on Wednesday after the latest round of U.S. tariffs and countermeasures from Canada and China stoked fears of a major global trade war.U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada took effe...Reuters
Wed, Mar 5
Other
UK 10-year gilt yields rise after Trump announces more tariffs
LONDON, March 5 (Reuters) - Yields on British government bonds climbed on Wednesday as global markets braced for a hit to economic growth after U.S. President Donald Trump announced more trade tariffs to come next month in a speech on Tuesday. New 25% tariffs on imports from Canada and Mexico to...Reuters
Wed, Mar 5
Economic Indicator
Trump says the US will impose its reciprocal tariffs on April 2
President Donald Trump announced on Tuesday night that the United States will begin enforcing reciprocal tariffs on April 2, planning to match the trade barriers imposed by Europe, China, India, Mexico, and Canada.Cryptopolitan
Wed, Mar 5
Other
Russia must inflict 'maximum defeat' on Ukraine, Medvedev says
MOSCOW, March 5 (Reuters) - Russia's main task remains to inflict "maximum defeat" on Ukraine, former president Dmitry Medvedev said on Wednesday. "Russia is advancing. The enemy is resisting and has not yet been defeated," said Medvedev, who is deputy chairman of Russia's Se...Reuters
Wed, Mar 5
Commodities
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $67.59 per barrel, down from Tuesday’s close at $67.96. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $70.78 after its previous daily close at $70.96.
Fxstreet
Wed, Mar 5
Commodities
European natural gas market sells off – ING
The European natural gas market sold off yesterday with TTF settling nearly 3.9% lower on the day, ING's commodity experts Ewa Manthey and Warren Patterson note. "We believe that the weakness is overdone given the tighter storage environment. Also, European prices need to stay elevated and at a...Fxstreet
Wed, Mar 5
Other
Germany starts sale of new 30-year bond - IFR
LONDON, March 5 (Reuters) - Germany started selling a new 30-year bond via a group of banks on Wednesday, according to LSEG's IFR, a deal that will be closely watched as parties hoping to form the next government agreed on a historic debt overhaul to revamp defence spending and the economy.Banks...Reuters
Wed, Mar 5
Economic Indicator
ANALYSIS-Sony, Suntory build U.S. stockpiles as Japan faces Trump tariff threat
For the first time, Trump hints at Japan-aimed dutiesSome companies shift production to United StatesOthers ship inventory, split supply chainsTariff expertise in demand, recruiter saysBy Tim Kelly, Kentaro Okasaka and Rocky Swift TOKYO, March 5 (Reuters) - Japanese electronics giant Sony and dri...Reuters
Wed, Mar 5
Other
REFILE-Democratic Senator Slotkin reaches for the political center in rebuttal to Trump
Slotkin stresses bipartisan values, criticizes Trump's Ukraine policySlotkin argues Trump's policies harm middle class, echoing Democratic concernsDemocrats struggle to form response to Trump's second term By Gabriella Borter WASHINGTON, March 5 (Reuters) - Democratic U.S. Senator Eli...Reuters
Wed, Mar 5
