Mumbai Indian equity benchmarks snapped a three-session losing streak on Thursday as the US Federal Reserve’s 25-basis-point interest rate cut bolstered global liquidity and market sentiment. The S&P BSE Sensex climbed 0.51% to 84,818.13 points, while the NSE Nifty 50 rose 0.55% to 25,898.55, led by broad gains across sectors….
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China Halts New BHP Iron Ore Cargoes Amid Pricing Dispute
China has ordered domestic steelmakers and traders to halt new purchases of iron ore cargoes from BHP Group, one of the world’s largest mining companies. The directive, issued by the state-run China Mineral Resources Group (CMRG), comes amid an escalating pricing dispute between Beijing and the Australian mining giant. China’s…