Bloomberg ArcelorMittal fell the most in two years after announcing that it’s cutting steel production across its European plants to cope with weak demand and rising imports. The world’s largest steelmaker will reduce primary production in Dunkirk, Fra-nce and Eisenhuettenstadt, Germany, according to a statement on Wednesday. It will also cut output in Bremen, Germany and extend a stoppage planned ...

Bloomberg German unemployment unexpectedly rose for the first time in almost two years as the economic slowdown finally started to take a toll on the labour market. The number of people out of work unexpectedly climbed by 60,000 in May, compared with economists’ forecasts for a decline of 8,000. The jobless rate also rose, to 5 percent from a record-low ...

Bloomberg The Environmental Protection Agency is poised to jettison proposed trading rest- rictions on a $5.2 billion market for biofuel compliance credits in a coming rule, casting aside changes sought by independent refiners complaining of hoarding and wild price swings. The EPA’s shift comes as the agency races to meet a May 31 rulemaking deadline amid pressure from large oil ...