#Oil_prices #rose on Thursday as falling U.S. #crude inventories amid rising refinery intake and a rise in #Chinese imports last month supported higher demand expectations for the world’s two largest crude consuming nations. #Brent crude futures for July rose 64 cents, or 0.8%, to $84.22 a #barrel by 0812 GMT. U.S. West #Texas Intermediate […]

  #Japan’s top steelmaker, #Nippon_Steel, is sticking to its plan to close a deal by year-end to buy U.S. Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the #USA In December, Nippon Steel offered nearly $15 billion to take over iconic U.S. #Steel,

#The_pound slipped against the #dollar on Thursday ahead of a #Bank_of_England (#BoE) policy meeting, while hawkish opinions from Bank of #Japan (#BOJ) members helped slow the yen’s fall. The dollar index rose as traders start to focus on U.S. inflation data due next week and its implications for #Federal_Reserve policy. Sterling fell 0.2% to $1.2472, moving

  A coin called #TON has leapt in value in recent months, with investors betting its integration with messenger #service #Telegram could bring the cryptocurrency to the app’s estimated 900 #million users. Telegram endorsed #TON in September last year, saying the blockchain and associated token would be its “official #Web3 infrastructure”. Earlier this month, TON

  #USA_dollar edged higher Thursday, trading in a tight range ahead of next week’s all-important U.S. inflation data, while the pound slipped ahead of the Bank of #England’s policy-setting meeting. At 04:35 ET (08:35 GMT), the #Dollar Index, which #tracks the greenback against a basket of six other currencies, traded 0.2% higher at 105.605, rebounding

  #USA_ stock futures point lower, with investors keeping an eye on corporate results and an upcoming string of key economic data releases next week. Shares in chip designer #Arm #Holdings (NASDAQ:#ARM) slip in extended hours trading after it unveiled a weaker-than-anticipated full-year revenue outlook despite a spike in enthusiasm around artificial intelligence. Meanwhile, #trading

  #Asian_shares steadied on Thursday after solid Chinese trade data added to signs domestic demand in the world’s second-largest economy is picking up, while the yen #stabilised after three days of declines as Japan talked up #potential currency interventions.  Later in the day, the Bank of #England (#BoE) will decide its interest rate policy, with

  #Bank_of_Japan #Governor #Kazuo #Ueda said on Thursday the central bank will scrutinise the yen’s recent declines in guiding monetary policy. “#Sharp (#OTC:#SHCAY), one-sided yen falls are negative for the #economy and therefore undesirable,” as it makes it difficult for companies to set business plans, #Ueda told parliament. “If currency volatility affects, or risks affecting,

  #USA_stock index futures traded sideways in evening deals on Wednesday as a recent recovery in #Wall_Street stalled after a string of #Federal_ Reserve officials warned that interest rates will remain high for longer. This put upcoming addresses by more #Fed officials on Thursday and Friday squarely in focus, especially after recent data showed some

  It’s time for a reality check about #decarbonising #Asia’s vast and growing steel sector. Reducing the carbon footprint is possible, but only in stages, and over a far longer than ideal time period, and only if incentives to do so are available. #Steel is the biggest industrial #contributor to global carbon #emissions, accounting for