By Michele Pek SINGAPORE (Reuters) -Iron ore futures prices declined on Thursday as trade concerns and reports of steel production cuts outweighed additional stimulus measures to boost consumption in China.

Dalian iron ore futures prices fluctuated within a narrow range on Thursday, as investors weighed expectations of additional stimulus measures to boost consumption in China against trade concerns and reports of steel production cuts.

Chinese President Xi Jinping reads during a speech by Premier Li Qiang at the opening session of the National Peoples Congress, or NPC, at the Great Hall of the People in Beijing on March 5, 2025. Charlie Campbell is a correspondent at TIME, based in the Singapore bureau.

The world’s richest city, as of 2024, is New York City. According to Forbes, the Big Apple’s overall wealth is (currently) valued at a staggering $3 trillion (Rs 262 lakh crore), which is higher than the combined wealth of several European nations.

Iron ore futures eased on Wednesday, pressured by tit-for-tat tariffs from U.S. and top consumer China, though prospects of brightening Chinese steel demand cushioned the fall.

SINGAPORE—With business aviation in the Asia Pacific region on the upswing, MRO provider ExecuJet Haite is expanding quickly to meet demand.

China's defence spending will rise by 7.2 percent in 2025, the same as last year, Beijing said on Wednesday, as its armed forces undergo rapid modernisation and eye deepening strategic competition

China and Hong Kong stocks slipped on Tuesday, as new U.S. tariffs on Chinese imports were set to take effect, while investors awaited the upcoming annual parliamentary sessions to gauge Beijing's policy path.

Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April, while markets

China’s defense spending is to rise 7.2 percent this year, the same as last year, Beijing said yesterday, as its armed forces undergo rapid modernization and eye deepening strategic competition with the US.