0332 GMT March 08, 2021
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Imports of steel ingots (billet, bloom and slab) in the first 10 months of current calendar year (March 21, 2020-January 19, 2022) registered a 67 percent growth compared to same period last year, according to statistics of the Iranian Steel Producers Association (ISPA).
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The foundations of trade relations between Iran and Europe should not be affected by cross-border sanctions, said the director general of the Western Europe of the Iranian Ministry of Foreign Affairs.
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Domestic Economy Desk
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Brazil's unemployment rate dipped in the fourth quarter, but set an annual record in 2020 with a monthly average of 13.5% as the coronavirus pandemic battered Latin America's biggest economy, officials said.
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By Justin Rowlatt
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By Marie Heuclin
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Oil prices dropped on Friday as a collapse in bond prices led to gains in the US dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.
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Asian markets rose Wednesday following the previous day's losses but investors remain on guard over a possible correction as concerns about asset bubbles and a surge in inflation continue to play against progress in fighting coronavirus.
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From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them.
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By Nouriel Roubini *
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