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Bond investors, wary of Iran war, turn risk-averse ahead of Fed meeting

By Gertrude Chavez-Dreyfuss NEW YORK, March 16 (Reuters) - Bond investors have shifted to a defensive stance since the Middle East war injected fresh risk into markets, with many loading up on short-term U.S. Treasuries ahead of the Federal Reserve's monetary policy decision. On ...
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Nvidia CEO set to reveal new chips and software at AI megaconference GTC

SAN JOSE, California, March 16 (Reuters) - Nvidia CEO Jensen Huang is set to detail the company's hardware and software plans to a large crowd in San Jose, California, at the company's annual developer conference on Monday. During a keynote address at a hockey ...
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EU weighs action to keep Strait of Hormuz open

BRUSSELS (AP) - The European Union is seeking more strategic clarity about the U.S. and Israel's plans for Iran and when the conflict might end as the bloc weighs whether to send ships to help shore up security in the Persian Gulf. "It is in ...
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Gulf investors seen likely to keep funding Africa renewable energy despite the Iran war

NAIROBI, Kenya (AP) - Middle Eastern sovereign wealth funds and state-backed companies are unlikely to scale back renewable energy investments in Africa despite disruptions from the Iran war, analysts say, given the strong long-term economic and strategic reasons driving such funding. Investors made wealthy by ...
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UniCredit launches offer to own more than 30% of Commerzbank without taking control

FRANKFURT/MILAN, March 16 (Reuters) - Italian bank UniCredit said on Monday it was launching an offer to own more than 30% of Commerzbank, crossing the mandatory takeover threshold existing under German law. UniCredit said it did not expect to reach control of the German peer ...
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Tricky negotiations begin Monday to renew a trade pact between the United States, Mexico and Canada

WASHINGTON (AP) - Every day more than $4 billion worth of goods cross the United States' borders with Canada and Mexico - U.S. auto parts headed for car factories in northern Mexico, cartons of Mexican avocados bound for California supermarkets, Canadian aluminum destined to ...
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JD.com launches Joybuy in Europe, targeting Amazon

LONDON, March 16 (Reuters) - Chinese e‑commerce giant JD.com on Monday launched its Joybuy online marketplace in the UK, Germany, France, the Netherlands, Belgium and Luxembourg, stepping up its push beyond its home market and taking aim at market leader Amazon. JD.com wants to internationalise ...
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Oil slips as Trump presses other countries to help secure Strait of Hormuz

By Florence Tan SINGAPORE, March 16 (Reuters) - Oil prices slipped on Monday, paring early gains after U.S. President Donald Trump called on other countries to help safeguard the Strait of Hormuz, a vital artery for global oil and gas shipments. Brent crude futures fell 24 ...
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Asia shares wary, oil volatile as war drags on

By Wayne Cole SYDNEY, March 16 (Reuters) - Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one ...
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Duke, Arizona, Michigan and Florida lead title odds for March Madness, bettors expect chalky results

LAS VEGAS (AP) - The No. 1 seeds had a clear separation over the rest of the field when last year's NCAA Tournament bracket was revealed, and it played out that way with all those teams reaching the Final Four. This year's top seeds - ...
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Perpetual to sell wealth management arm to Bain Capital for $350 million upfront

March 16 (Reuters) - Australia's Perpetual Limited said on Monday it agreed to sell its wealth management business to private equity firm Bain Capital for an upfront cash payment of A$500 million ($350 million). The deal also includes a potential additional upfront payment tied to ...
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Exclusive-US, China discuss farm goods, managed trade in ‘remarkably stable’ Paris talks-sources

By David Lawder PARIS, March 15 (Reuters) - Top U.S. and Chinese economic officials held "remarkably stable" talks in Paris on Sunday that touched on potential areas of agreement in agriculture, critical minerals and managed trade for U.S. President Donald Trump and Chinese President ...
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