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Nippon Steel to Boost RD Spending to Hasten Decarbonisation

Nippon Steel, the worlds No.3 steelmaker, will boost research and development RD spending to speed decarbonisation in steelmaking as it faces growing pressure to cut carbon emissions to help tackle climate change, a company executive said. We will input considerable resource into RD on decarbonisation technology, Executive Vice President Katsuhiro Miyamoto told Reuters in an […]
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Oil Optimism Unwinding Markets Mad Dash for Storage

When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts. At the end of February, the volume of refined products held on stationary tankers for over 10 […]
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Spanish Unions Cry Foul as Inditex Shuts Stores

Inditex staff in Spain say they are being forced out as the owner of fastfashion brand Zara rolls out its plan to shut up to 1,200 stores worldwide, despite a company agreement with Spanish unions to project jobs. The worlds biggest clothes retailer is closing smaller outlets while expanding flagship stores and the Spanish closures […]
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RBA Commits to Keep 3Year Yields Low amid Bond Rout

SYDNEY, March 2 Reuters Australias central bank on Tuesday affirmed its pledge to keep interest rates at historic lows as policymakers battle to stop surging bond yields disrupting the countrys surprisingly strong economic recovery. Concluding its March board meeting, the Reserve Bank of Australia RBA kept rates at 0.1 and committed to maintaining its highly […]
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Oil Inchs Higher ahead of this Weeks OPEC Output Decision

Oil futures inched higher Monday, buoyed by prospects for the passage of the U.S. stimulus bill, ahead of a decision this week by the Organization of the Petroleum Exporting Countries and its allies thats expected to see a loosening of production curbs. The U.S. House early Saturday passed the Biden administrations 1.9 trillion package of COVID19 relief […]
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German Yields Fall for 2nd Session; Mood Wary

LONDON, March 1 Reuters Benchmark German government bond yields dropped for a second consecutive session on Monday as investor sentiment improved after reflationary bets led bond markets to their biggest monthly selloff in years. The rise in bond yields last month, spurred by U.S. fiscal stimulus hopes and a postpandemic economic rebound that could fuel […]
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Rocket Lab nears Merger Deal with SPAC to Go Public WSJ

Reuters Rocket Lab USA is nearing a deal to go public through a merger with a specialpurpose acquisition company Vector Acquisition that would value the smallsatellite launch firm at 4.1 billion, including debt, the Wall Street Journal reported. The deal could be finalized on Monday, the newspaper reported, citing people familiar with the matter. Vector […]
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Beyond Meat CFO Mark Nelson to Retire

Beyond Meat Inc said on Monday Chief Financial Officer Mark Nelson, who played a key role in the plantbased patty makers blockbuster public listing in 2019, will retire in May. The retirement was voluntary and not a result of any disagreement or on any matter relating to its operations, policies or practices, the company said. […]
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