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Digital financing will ease a lot of strain businesses are facing on liquidity due to the Covid-19 pandemic, DBS Bank group head of trade product management Sriram Muthukrishnan told Fastmarkets in a recent interview.
There are numerous crosscurrents running through the markets this morning, Tuesday August 18, with the base metals mainly firmer and gold rebounding strongly, while equity markets were mixed and the dollar continued to weaken.
The board of directors of Brazil-based miner Vale has approve a project to expand capacity in the miner’s Serra Sul iron ore site, in the country’s northern Carajás region, by 20 million tonnes to 120 million tonnes per year.
Steelmaker Tata Steel Europe continues to negotiate with the UK government on the support the government can offer it during the Covid-19 pandemic, the company told Fastmarkets on Monday August 17.
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