Page 39 - Metl News Today

Indian shares rose on Thursday, led by energy, pharma and auto stocks, although gains were capped by fears over the Omicron coronavirus variant after the United States became the latest country to report a case.

Global wind power group Iberdrola and Swedish startup H2 Green Steel plan to build a vast renewable hydrogen plant on the Iberian peninsula to power the production of iron used to make steel with drastically reduced carbon emissions.

A U.S. administration official on Thursday said the country's failure to remove tariffs on UK steel and aluminum has no connection to concerns about post-Brexit trade rules affecting Northern Ireland, rejecting a recent report.

Asian stocks rose from a one-year low on Wednesday as U.S. share futures and oil recovered from the previous day's selloff, but uncertainty over the impact of the Omicron coronavirus variant kept investors on edge.

U.S. and European share futures jumped on Wednesday, oil rose and Asian stocks were heading for their best day in nearly two months as traders reversed course after a sharp selloff the day before took the regional benchmark to a 12-month low.

Chinese coking coal and coke futures gained more than 5% each on Wednesday, buoyed by supply concerns as coal imports from Mongolia were disrupted by the recent outbreak of the Omicron coronavirus variant.

Volkswagen's planned European battery cell plants and securing vital raw materials will cost as much as 30 billion euros ($34 billion), board member Thomas Schmall said, putting a price tag on the expansion for the first time.

The Baltic Exchange's dry bulk sea freight index on Wednesday rose for a fifth straight session to its highest in a month, as gains in panamax and supramax vessels offset a dip in the larger capesize segment.

Copper prices rebounded on Wednesday on easing concerns about the new Omicron coronavirus variant that has rattled market sentiment in recent days.

Indian shares rose on Wednesday, boosted by IT, metals and auto stocks, after data showed India grew at a faster pace than any major economy in the September quarter.