BREAKING: Trump says he wants Iran to "make a deal" with him to end the special military operation.
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Western Alliance says Jefferies declined to make $126 million payment under forbearance deal
https://www.reuters.com/legal/government/western-alliance-says-jefferies-declined-make-126-million-payment-under-2026-03-06/
https://www.reuters.com/legal/government/western-alliance-says-jefferies-declined-make-126-million-payment-under-2026-03-06/
Reuters
Western Alliance says Jefferies declined to make $126 million payment under forbearance deal
Western Alliance said on Friday it had sued Jefferies Financial after the financial conglomerate informed the bank that it would not make $126.4 million in payments due under a forbearance agreement linked to the First Brands Group.
US Change in Nonfarm Payrolls Feb: -92K (est 55K; prev 130K; prev R 126K)
- Unemployment Rate: 4.4% (est 4.3%; prev 4.3%)
- Avg Hourly Earnings (M/M): 0.4% (est 0.3%; prev 0.4%)
- Avg Hourly Earnings (Y/Y): 3.8% (est 3.7%; prev 3.7%)
US Change in Private Payrolls Feb: -86K (est 60K; prev 172K; prev R 146K)
- Change in Manufacturing Payrolls: -12K (est -2K; prev 5K)
- Change In Government Payrolls: -6K (prev -42K)
- Labour Force Participation Rate: 62.0% (est 62.5%; prev 62.5%)
- Underemployment Rate: 7.9% (prev 8.0%)
- Nonfarm Payrolls 3-Month Avg Change: 6K (prev 73K; prev R 50K)
- Two Month Payroll Net Revision: -69K (prev -17K)
- Unemployment Rate: 4.4% (est 4.3%; prev 4.3%)
- Avg Hourly Earnings (M/M): 0.4% (est 0.3%; prev 0.4%)
- Avg Hourly Earnings (Y/Y): 3.8% (est 3.7%; prev 3.7%)
US Change in Private Payrolls Feb: -86K (est 60K; prev 172K; prev R 146K)
- Change in Manufacturing Payrolls: -12K (est -2K; prev 5K)
- Change In Government Payrolls: -6K (prev -42K)
- Labour Force Participation Rate: 62.0% (est 62.5%; prev 62.5%)
- Underemployment Rate: 7.9% (prev 8.0%)
- Nonfarm Payrolls 3-Month Avg Change: 6K (prev 73K; prev R 50K)
- Two Month Payroll Net Revision: -69K (prev -17K)
US Retail Sales Advance (M/M): Jan: -0.2% (est -0.3%; prev 0.0%)
- Retail Sales Ex Auto (M/M): 0.0% (est 0.0%; prev 0.0%)
- Retail Sales Ex Auto and Gas (M/M): 0.3% (est 0.2%; prev 0.0%; prev R 0.1%)
- Retail Sales Control Group (M/M): 0.3% (est 0.3%; prev -0.1%; prev R 0.0%)
- Retail Sales Ex Auto (M/M): 0.0% (est 0.0%; prev 0.0%)
- Retail Sales Ex Auto and Gas (M/M): 0.3% (est 0.2%; prev 0.0%; prev R 0.1%)
- Retail Sales Control Group (M/M): 0.3% (est 0.3%; prev -0.1%; prev R 0.0%)
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Crisis management for S’pore banks, fund managers in Dubai as conflict sparks anxiety among clients
https://www.straitstimes.com/business/banking/crisis-management-for-spore-banks-fund-managers-in-dubai-as-conflict-sparks-anxiety-among-clients
https://www.straitstimes.com/business/banking/crisis-management-for-spore-banks-fund-managers-in-dubai-as-conflict-sparks-anxiety-among-clients
The Straits Times
Crisis management for S’pore banks, fund managers in Dubai as conflict sparks anxiety among clients
It is still very early to assess the longer-term implications for wealth flows into other safe havens including Singapore. Read more at straitstimes.com. Read more at straitstimes.com.
BBG - A weak jobs report hit stocks at a time when a widening war in the Middle East is lifting oil prices and fueling inflation jitters. Friday’s 1.3% slide in the S&P 500 sent the gauge to its worst week since October. Financial shares sank, with BlackRock Inc. down 7.7% after curbing withdrawals from a private-credit fund. The Nasdaq 100 fell 1.5%. Chipmakers plunged as Oracle Corp. and OpenAI scrapped plans to expand an artificial-intelligence data center in Texas. US oil rose 12% to top $90, notching its biggest-ever weekly gain. Short-dated bonds outperformed as traders boosted bets on Federal Reserve rate cuts. The yield on 10-year Treasuries was little changed.
The dollar was little changed. Bitcoin fell 4.2% to $68,146. Spot gold rose 1.6%.
The dollar was little changed. Bitcoin fell 4.2% to $68,146. Spot gold rose 1.6%.
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BlackRock fund limits withdrawals as redemptions rattle private credit
https://www.reuters.com/business/blackrock-limits-withdrawals-private-credit-fund-redemptions-mount-2026-03-06/
https://www.reuters.com/business/blackrock-limits-withdrawals-private-credit-fund-redemptions-mount-2026-03-06/
Reuters
BlackRock fund limits withdrawals as redemptions rattle private credit
BlackRock said on Friday it has limited withdrawals from a flagship debt fund after a surge in redemption requests, as investor worries mount around the $2 trillion private credit industry.
Saudi Arabia has stepped up direct engagement with Iran to try and contain a war in the Middle East that is causing havoc and stressing global markets, according to several European officials.
https://www.bloomberg.com/news/articles/2026-03-06/saudi-arabia-has-intensified-direct-line-to-iran-to-defuse-war
https://www.bloomberg.com/news/articles/2026-03-06/saudi-arabia-has-intensified-direct-line-to-iran-to-defuse-war
Bloomberg.com
Saudi Arabia Has Intensified Direct Line to Iran to Defuse War
Saudi Arabia has stepped up direct engagement with Iran to try and contain a war in the Middle East that is causing havoc and stressing global markets, according to several European officials.
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