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US stocks rally as Fed chair signals rate cut

Major US stock exchanges rallied Friday to close the session higher as Federal Reserve Chair Jerome Powell signaled a rate cut in September.

The Dow Jones Industrial Average increased 462 points, or 1.14%, to finish the day at 41,175. The blue-chip i…

World crude steel production down annually in July

ISTANBUL: World crude steel production declined 4.7% on an annual basis in July, according to data from the World Steel Association (worldsteel) on Thursday.

Steel output from 71 countries reporting to worldsteel fell to 152.8 million tons, data show…