PARIS, June 6- While French President Francois Hollande is at pains to repair his fraught relations with business, his industry minister has other ideas- or so many entrepreneurs and even some government colleagues believe.
BRUSSELS, May 10- ArcelorMittal, the world's largest steelmaker, defied fears of a profit warning on Friday and kept its earnings forecast for this year, helped by deep cost cutting in Europe. The $500- billion- a-year steel industry, a gauge of the global economy, has been hit hard by a drop in demand from austerity-ravaged Europe and signs of slowing growth in China.
FLORANGE, France, April 24- Steelworkers here cheered Francois Hollande in early 2012 when, as a presidential candidate, he vowed to protect them from a plan to close two blast furnaces. Owner ArcelorMittal turned off a gas feed on Wednesday, shutting the furnaces for good.
PARIS, April 20- ArcelorMittal CEO Lakshmi Mittal said on Saturday he regretted that the steel giant was having to permanently close two French blast furnaces but high labour and energy costs kept France at a competitive disadvantage.
*FY net loss $3.73 bln after $4.3 bln Europe writedown. BRUSSELS, Feb 6- ArcelorMittal, the world's largest steelmaker, forecast improving demand and earnings this year, after a wretched 2012 in which sliding European consumption and a Chinese slowdown drove it to a deep net loss.
*Communications gaffes blights French government. *Anti-business image overshadows pro-growth reforms. PARIS, Jan 10- On the campaign trail, Francois Hollande pleased working-class voters with promises of a super-tax on millionaires and sought to reassure foreign investors with commitments to restore public finances and revive French industry.
*Credit at junk rating with S&P, Moody's, Fitch. *Moody's says no immediate impact, demands more. BRUSSELS, Jan 9- ArcelorMittal SA, the world's largest steelmaker, will issue $3.5 billion of shares and convertible notes to sharply reduce the heavy debts that led to a cut in its credit rating to "junk" status.
BRUSSELS, Jan 9- ArcelorMittal, the world's largest steelmaker, will issue $3.5 billion of shares and convertible notes to sharply reduce a heavy debt level that has led to a cut in its credit rating to junk status.
*ArcelorMittal credit at junk rating with S&P, Moody's. BRUSSELS, Jan 9- ArcelorMittal, the world's largest steelmaker, will issue $3.5 billion issue of shares and convertible notes to sharply reduce a heavy debt level that has led to a cut in its credit rating to junk status.
*POSCO, China Steel, ArcelorMittal long-term iron ore pact. SEOUL/ HONG KONG, Jan 2- ArcelorMittal, the world's biggest steelmaker, will sell a $1.1 billion stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker POSCO and Taiwan- listed China Steel Corp, China Steel said in a statement.