Sweden’s SSAB eyes Tata Steel’s Europe business as Thyssenkrupp’s back-up plan: Bloomberg

“SSAB is holding preliminary talks with Tata Steel of India as it seeks merger options,” the report said quoting persons familiar with the matter. The Swedish company, which has a market value of around $3.2 billion, would gain control of Tata Steel’s European business if they pursued such a deal, the report said. Go to Source

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Stimulus-fueled rally in Treasury yields may have room to run, investors say

Benchmark 10-year Treasury yields, which move inversely to bond prices, rose to 0.8682 per cent Friday morning, the highest since early June when the U.S. economy began to reemerge from widespread lockdowns to halt the spread of the coronavirus. Go to Source

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Nifty overbought, market may see sectoral rotation in the near term

Contrary to expectations, India’s power consumption grew in double digits YoY at 11.4 per cent in the first half of this month. This signals buoyancy in industrial and commercial activities after months of subdued activity and indicates that India as an economy is in now a superior position compared with other developed countries. Go to Source

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Ant’s record strategic allocation in Shanghai IPO fuels small investor scramble

Ant, backed by e-commerce firm Alibaba Group , has launched a dual-listing process in Hong Kong and on Shanghai’s STAR Market, and the offering is set to be the world’s largest. Go to Source

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