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LITTLE ROCK, Ark.-- The Arkansas House delayed a vote on a proposal to provide a company with $125 million in state financing to help build a new steel mill in northeastern Arkansas. The legislation would authorize Arkansas to issue bonds to provide a loan and pay some of the construction costs of the $1.1 billion steel mill.
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LITTLE ROCK, Ark.-- The Arkansas House delayed a vote on a proposal to provide a company with $125 million in state financing to help build a new steel mill in northeastern Arkansas. The legislation would authorize Arkansas to issue bonds to provide a loan and pay some of the construction costs of the $1.1 billion steel mill.
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LITTLE ROCK, Ark.-- The Arkansas House is set to vote on a proposal to provide a company with $125 million in state financing to help build a new steel mill in northeastern Arkansas. Monte Hodges of Blytheville sponsored the bill and says he'll present it before the full House on Thursday.
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RIO DE JANEIRO, April 3- Brazil's Supreme Court on Wednesday put off for a week the judgment of a landmark case that will decide how the foreign profits of mining giant Vale SA and other multinationals are treated by tax authorities.
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Can unlocking abundant supplies of domestic energy create millions of new manufacturing jobs? The truth may fall short of this promise, the New York Times reports.
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China banks slide after Citic, Minsheng 2012 earnings miss. *China property developers extend rally on curb relief.
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HONG KONG, April 2- Hong Kong shares ended a choppy Tuesday slightly higher as markets reopened after the long Easter break, buoyed by gains in index heavyweight HSBC Holdings that outweighed weakness in the Chinese banking sector. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.8 percent.
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HONG KONG, April 2- Hong Kong shares were flat on Tuesday as markets reopened after a break for Easter, weighed down by lingering weakness in the mainland Chinese market and underwhelming U.S. data. At midday, the Hang Seng Index was up less than 0.1 percent, while the China Enterprises Index of the top Chinese listings in Hong Kong was down 0.8 percent.
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NEW YORK, March 28- Metals trader and miner Psons, owned by Indian entrepreneur Pradeep Agarwal, has opened a subsidiary in Switzerland, to grow its iron ore business and look for new mining investment opportunities, a company executive said on Thursday.
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*Without traders, China mills face greater cashflow risk. SINGAPORE, March 28- Burdened with massive stockpiles of steel and slowing demand growth, some loss-making Chinese traders have asked mills for rebates on metal that has fallen in value since they bought it.
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SYDNEY, March 28- Australian shares are likely to open lower on Thursday, the last day of trade before the Easter holiday, following a subdued session on Wall Street amid ongoing concerns about the Cyprus financial crisis.
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MOSCOW, March 27- Russian steelmaker Evraz. Evraz, part-owned by Chelsea soccer club owner Roman Abramovich, said it had signed a non-binding term sheet to sell the asset, which in 2012 recorded a loss before tax of R300 million. Evraz said the buyer is Nemascore, a black economic empowerment consortium.
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*Banks remain pressured by concerns about Cyprus capital controls. MOSCOW, March 27- Russian stocks were lower on Wednesday, wiping out early gains, and looked set for a fourth straight day of losses, led by banks which were hit by concerns over capital controls in Cyprus.
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State-owned China Machinery Engineering Corporation completed the second phase of the Omotosho power plant in southwest Nigeria last month, taking total output from 375 megawatts to 500 MW.
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MOSCOW, March 27- Four miners are missing after water flooded a coal mine belonging to Evraz, Russia's largest steelmaker, and cut off production, the company said on Wednesday.
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MOSCOW, March 27- The following are some of the leading stories in Russia's newspapers on Wednesday. -Russia's government will at least double taxes starting from next year on cars that cost more than 5 million roubles, the paper writes.
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*Banks remain pressured by fears of Cyprus capital controls. MOSCOW, March 27- Russian stocks edged up on Wednesday following three straight days of losses, with concerns over capital controls in Cyprus and corporate governance at leading oil producer Rosneft. Cyprus was expected to decide on capital control measures on Wednesday.
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*China steel output slips mid-March amid record stockpiles-CISA. SINGAPORE, March 27- Iron ore hit its priciest in almost two weeks as some Chinese mills rebuilt stockpiles, although upward momentum could be short-lived as steel producers curb output amid slow demand.
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MOSCOW, March 27- Here are events and news stories that could move Russian markets on Wednesday. BELGRADE, Serbia- Alexei Miller, CEO of Russia's Gazprom, to visit Serbia;. MOSCOW- Russian state-controlled telecoms group Rostelecom board meeting to set the price of minorities buyout;.
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*China steel output slips mid-March amid record stockpiles-CISA. SINGAPORE, March 27- Iron ore hit its priciest in almost two weeks as some Chinese mills rebuilt stockpiles, although upward momentum could be short-lived as steel producers curb output amid slow demand.
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LONDON, March 27- EVRAZ plc:. *Deal for an indicative cash consideration of approximately US $320 million. *Proposed sale of its 85% stake in Evraz highveld steel and vanadium limited.