OTTAWA (Reuters) -The Canadian economy likely gathered momentum in February, growing for a ninth consecutive month after a January gain, data from Statistics Canada showed on Thursday, prompting economists to revise up first quarter projections.

The Czech National Bank (CNB) on Thursday raised its main interest rate by 50 basis points to 5.00%, bringing it to the highest level since 2001 as expected as policymakers battle an inflation surge exacerbated by the Ukraine war.

BERLIN/SHANGHAI (Reuters) -Volkswagen on Thursday said it would halt work at its factory in Shanghai between April 1-5, reversing an earlier plan to maintain some of its production, as the city extends a lockdown aimed at curbing the spread of COVID-19.

Russian internet giant Yandex is gradually winding down the Paris operations of its e-grocery service Yango Deli, a spokesperson said on Thursday, citing poor performance and hinting that an exit from the London market could follow.

The Canadian economy gathered considerable momentum in February, growing for a ninth consecutive month and following a January gain that met expectations, data from Statistics Canada showed on Thursday.

Global fund managers maintained a cautious stance in March, increasing recommended bond holdings and cash reserves and suggesting reduced equities exposure, a Reuters poll found.