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Sanjeev GuptaOwned GFGs Steel and Aluminium Assets

March 8 Reuters GFG Alliance, a conglomerate owned by the family of British tycoon Sanjeev Gupta, is one of the biggest customers of Greensill Capital, a source familiar with the matter told Reuters. Greensill, which said last week it is in talks to sell large parts of its business, is preparing to file for bankruptcy, […]
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Attack on Saudi Facilities sends Oil Higher

Rates as of 0500 GMT Market Recap The bond market and interest rates continue to dominate the financial markets attention. Following Fridays blowout nonfarm payrolls figure, which showed an increase in jobs nearly twice what was expected 379k vs 200k expected, and thats after a drop in government employment private payrolls were up 465k, the […]
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Brent Hops Past 70 for First Time Since Pandemic Began

Brent crude futures climbed above 70 a barrel on Monday for the first time since the COVID19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities. Brent crude futures for May hit 71.38 a barrel in early Asian trade, the highest since Jan. […]
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Japan Shares Gain as Cenbank Eases Concerns over Yields

TOKYO, March 8 Reuters Japanese shares rose on Monday as the central bank governors remarks eased speculation that yields on government bonds would be allowed to rise, while optimism over a 1.9 trillion U.S. pandemic relief plan also underpinned sentiment. The Nikkei share average rose 0.66 to 29,050.17 by 0218 GMT, while the broader Topix […]
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Australia and NZ dlrs Buoyed by U.S. Stimulus, Commodities

SYDNEY, March 8 Reuters The Australian and New Zealand dollars rose against the greenback on Monday as the passage of a 1.9 trillion stimulus bill in the worlds largest economy buoyed appetite for risk, underpinning commoditylinked currencies. The Aussie rose 0.3 to 0.7701, after falling for two consecutive weeks. It hit a 3year high of […]
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