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UAE's Ras Al Khaimah hires banks for Islamic bond issue, document shows
DUBAI, March 3 (Reuters) - Ras Al Khaimah, one of seven city-states of the United Arab Emirates and likely location of its first casino, has mandated banks to arrange investor meetings ahead of issuing sukuk, or an Islamic bond, issue, a document showed on Monday.The government plans to issue 10-yea...Reuters
Mon, Mar 3
Other
BRIEF-New Fortress Energy Extends Islandwide Gas Supply Contract In Puerto Rico
March 3 (Reuters) - New Fortress Energy NFE.O:NEW FORTRESS ENERGY EXTENDS ISLANDWIDE GAS SUPPLY CONTRACT IN PUERTO RICONEW FORTRESS ENERGY: 10-YEAR AGREEMENT WILL BE MODIFIED TO ELIMINATE FUTURE INCENTIVE PAYMENTS IN EXCHANGE FOR $110 MILLION PAYMENTSource text: ID:nBw5hW2SNaFurther company coverage...Reuters
Mon, Mar 3
Economic Indicator
Bessent’s Plausible or Pipe Dream: Inflation Will Drop Soon, the Real Estate Market Will Boom Soon
Although the prospect of a rebound in US inflation continues to trouble economists and the American public, US Treasury Secretary Scott Bessent said that a series of policies of Trump are expected to bring inflation back to the Federal Reserve's target of 2% soon.TradingKey
Mon, Mar 3
Other
BRIEF-Generation Receives Additional Permit Approvals For Marathon Copper-Palladium Project
March 3 (Reuters) - Generation Mining GENM.TO:GENERATION RECEIVES ADDITIONAL PERMIT APPROVALS FOR MARATHON COPPER-PALLADIUM PROJECTSource text: ID:nBw2S38S8aFurther company coverage: GENM.TOReuters
Mon, Mar 3
Other
How Profitable is DeepSeek? Its Costs and Profits Are Unveiled: A Profit Margin of 545%!
While the U.S. tech giants are still burning money on AI, the DeepSeek has revealed astonishing details about its costs and profits, making over three million yuan in profit per day and boasting a profit margin of over 500%.TradingKey
Mon, Mar 3
Stocks
US STOCKS-Futures edge up with economic data, tariffs in focus
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.Futures up: Dow 0.23%, S&P 500 0.31%, Nasdaq 0.43% March 3 (Reuters) - U.S. stock index futures inched up on Monday, ahead of a crucial deadline on tariffs on top trade partners and a da...Reuters
Mon, Mar 3
Forex
JPY 150 Battle: Can the Yen's Appreciation Be Sustained? UBS Warns of Three Risks
Despite the continuous waves of news about US President Trump's tariffs, the exchange rate of the Japanese yen has continued to appreciate. It broke through the 150 mark for the first time in more than two months. Recently, UBS raised its target price for the Japanese yen in 2025 but warned that...
Commodities
Nord Stream 2 pipeline not certified, Berlin says after report of potential use
BERLIN, March 3 (Reuters) - The Nord Stream 2 Baltic Sea gas pipeline is not certified and therefore could not be used, a German government spokesperson said on Monday in response to a report about potentially bringing the pipeline on stream."The Nord Stream 2 pipeline is not certified and there...Reuters
Mon, Mar 3
Other
UN's food agency WFP closes southern African bureau, Bloomberg News reports
March 3 (Reuters) - The United Nations' World Food Programme (WFP), which gets much of its funding from the United States, is closing its southern African bureau, Bloomberg News said on Monday.The decision was communicated to staff around the world in an email on Friday from Global Executive Dir...Reuters
Mon, Mar 3
Cryptocurrencies
Crypto ETFs could reportedly become the third-largest asset class among US ETFs
State Street analysts have predicted that crypto exchange-traded funds (ETFs) could flip precious metals ETFs to become the US’s third-largest asset class among all ETF categories by the end of 2025. The bank, which is the world’s largest ETF servicer, based its prediction on the surging demand for crypto ETFs. According to State Street’s global […]Cryptopolitan
Mon, Mar 3
Stocks
BUZZ-Gold miners gain as bullion firms on weak US dollar, tariffs concerns
** U.S.-listed shares of gold miners rise premarket, as bullion firms after hitting a more than three-week low in the previous session GOL/** Spot gold XAU= up 0.5% at $2,873.49/ounce, supported by a weaker dollar and safe-haven demand triggered by concerns over U.S. President Donald Trump's tar...Reuters
Mon, Mar 3
Other
BRIEF-Lufax Substantial Completion Of Investigation To Conclude By Mid-April 2025
March 3 (Reuters) - Lufax Holding LU.N:LUFAX HOLDING: SUBSTANTIAL COMPLETION OF INDEPENDENT INVESTIGATION OF SUBJECT TRANSACTIONS PROJECTED TO CONCLUDE BY MID-APRIL 2025Source text: [ID:n0001193125-25-043337]Further company coverage: LU.NReuters
Mon, Mar 3
Other
CORRECTED-British self driving startup Wayve enters Germany with new testing and development hub
Corrects paragraph 7 to say Wayve has prototyped its technology on six vehicle platforms, not already integrated the technology in the vehicle platforms March 3 (Reuters) - British startup Wayve will establish a new testing and development hub in Germany, deploying a fleet of test vehicles in the...Reuters
Mon, Mar 3
Other
Germany's SPD says security needs boost but no comment on funding plans
BERLIN, March 3 (Reuters) - Germany's Social Democrats (SPD) said foreign policy and defence must take priority in talks led by their conservative rivals to form a new coalition government but declined to give details on how a ramping-up in defence spending would be financed."Europe must bec...Reuters
Mon, Mar 3
Stocks
Warren Buffett Has Sold Over 950 Million Shares of Apple and Bank of America. But the Billionaire Has Made a Killing on 1 Stock He Hasn't Touched in 27 Years
2024 turned out to be a bit of an odd year for Warren Buffett and his company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Berkshire's stock performed well, with class B shares generating a 27% return and beating the broader market's 23% return.However, Buffett made many moves indicating that he ...The Motley Fool
Mon, Mar 3
Cryptocurrencies
PICS: Old Hollywood hair and updos dominated the Oscars red carpet
The Oscars is the grand finale of awards season, and the night nominees and celebrities need to bring their A-game to the red carpet. We imagine every facialist, stylist and hairdresser in LA has been flat out for the last month or more tweaking, trimming and getting their clients in perfect shape f...Bitcoinist
Mon, Mar 3
