22:56:03
Maersk: We will omit this port for cargo already on the water and unload cargo destined for Baltimore at a nearby port.
22:54:56
Maersk: We will remove the Port of Baltimore from all sailings for the foreseeable future until the area is deemed safe to travel through.
22:48:08
Muskie: Will reroute cargo to avoid Baltimore.
22:42:45
Black futures rose slightly, with the main iron ore contract now down 2.75%, the main coke contract now down 1.79%, the main thread contract now down 1.07%, the main hot coil contract now down 0.63%, and the main coking coal contract now down 0.37%.
22:35:38
Deputy Governor of the Central Bank of Hungary: The scale of interest rate cuts starting in the second quarter will be driven by data.
22:33:56
Market news: U.S. President Biden is expected to speak on the bridge collapse in the next few hours.
22:33:43
Market News: Ford Motor (FN) partners with Allego to electrify European dealership network using ultra-fast charging technology.
22:31:25
Austrian Airlines canceled 400 flights on Thursday and Friday, saying labor action would cost 24 million euros.
22:27:00
Brazilian Finance Minister: Brazil can increase automobile production by 20% in a very short period of time.
22:22:30
Maersk has denied media reports that its ships have been attacked by Houthi rebels.
22:19:21
General Motors (GM.N): We expect the bridge collapse to have a minor impact; we are working to redirect vehicle shipments to other ports.
22:18:16
General Motors (GM.N) CFO: The company is committed to making electric vehicles profitable by 2025.
22:17:49
Deputy Governor of the Central Bank of Hungary: Market service inflation is still high.
22:17:31
Muskie: We deny the Houthis’ claim that the Maersk Saratoga ship was attacked.
22:15:05
Ford (FN) CFO: The Baltimore bridge collapse will affect the supply chain and we will seek to reallocate auto parts to other East Coast ports.
22:11:00
Deputy Governor of the Bank of Hungary: Members voted unanimously in favor of a 75 basis point interest rate cut in March, and we also discussed 50 basis point and 100 basis point interest rate cuts.
22:10:15
Deputy Governor of the Central Bank of Hungary: The pace of interest rate cuts will slow down in the second quarter.
22:09:43
Deputy Governor of the Central Bank of Hungary: Tightening monetary policy still needs to be implemented, and financial market stability is crucial.
22:09:09
Deputy Governor of the Central Bank of Hungary: It is realistic to expect the benchmark interest rate to be 6.5% to 7% by the end of the first half of the year.
22:06:17
The Central Bank of Hungary: The annual inflation rate this year is expected to be between 3.5% and 5.0%.