CNBC

• China Restricts Activities In Shenzhen, Shanghai Following Covid-19 Resurgence
  • China's tech hub city Shenzhen ordered businesses concerned with non-essential public services to suspend production or have employees work from home for a week starting March 14 following another COVID-19 outbreak, CNBC reports.
  • Shenzhen reported over 600 positive cases since late February. Mainland China reported 1,437 new confirmed cases as of March 13.

Reuters

• Inflation, Fed Rate Hike, War, Pandemic To Steer US Central Bank Policymakers Meeting
  • Amid the rising inflation worries, investors may see the first rate hike from the Federal Reserve in the post-pandemic era, reports Reuters.
  • The Fed has made its intentions clear to raise its benchmark overnight interest rate by a quarter of a percentage point at the end of its two-day policy meeting on Wednesday.
  • The Federal Open Market Committee (FOMC) will also share its inflation and economic growth projection for 2023 and 2024 to tame inflation that has surpassed expectations, running at three times the Fed's 2% target.

• Telecom Italia Explores KKR's $11B Takeover Offer, Possible Tie-Up With Open Fiber
  • Telecom Italia SpA (OTC: TIAIY) (OTC: TIIAY) looked to discuss KKR & Co Inc's (NYSE: KKR) €10.8 billion ($11.8 billion) four-month-old takeover offer, Reuters reports.
  • KKR's bid of €0.505 per share is a 75% premium to TIM's March 11 closing, against a 46% premium four months back, which CEO Pietro Labriola deemed as too low last time.

WSJ

• US To Explore Alternatives To Iran Nuclear Deal Without Russia
  • The U.S. won't negotiate exemptions to Ukraine-related sanctions on Russia to save the 2015 Iran nuclear deal, the Wall Street Journal reported.
  • The U.S. could try to strike a separate accord excluding Moscow, the report cited a senior official.

Bloomberg

Financial Times

Benzinga