Iron Ore Prices Rose: Iron ore rises as China reopening bets drive speculative trade, Auto News, ET Auto

2022-12-07 14:41:26 By : Ms. Joy XU

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The steelmaking ingredient has rebounded after a rout in October, with gains largely driven by rumours that China would pivot away from its strict zero-COVID policy by next year. Officials have denied knowledge of such a rumoured plan.

China's official manufacturing purchasing managers' index stood below the 50.0 mark expected in a Reuters poll, dragged down by softening global demand and COVID-19 curbs that hit production.

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We are extremely saddened to inform the untimely demise of Vikram S Kirloskar, Vice Chairman, Toyota Kirloskar Motor on 29th November 2022. At this time of grief, we request everyone to pray that his soul rests in peace. Last respect can be paid at Hebbal Crematorium, Bengaluru, at 1 pm on Wednesday, Toyota said.

According to ETAuto sources, the raid began at the company’s Corporate office in Gurgaon around 3:00 PM and continued till the story is filed. The latest development comes in light of heightened scrutiny by law-enforcement agencies on companies operating in India which have links with neighboring country, China.

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