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Finance & Markets

Iron Ore Set for Weekly Gain Despite Weak China Steel Demand

Iron ore was headed for a weekly gain after recovering from a sharp decline earlier in the week, even as weak steel demand and shrinking mill margins weighed on the outlook.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Bank of Japan ups rates to 31-year high

The Bank of Japan raised interest rates to a 31-year high on Friday and signalled its readiness to keep pushing up borrowing costs, joining other major central banks in fighting persistent inflation…

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