MOSCOW, Dec 13- Sberbank, Russia's largest bank, sees no threat to its business from the political upheaval in Ukraine for now and will be able to absorb losses there thanks to its strong capital base, Chief Executive German Gref told Reuters.» Read More
TOKYO, Oct 30- Japan's big manufacturers, under pressure from Prime Minister Shinzo Abe to boost wages and create a "virtuous cycle" of growth to defeat deflation, are showing signs they are willing to raise workers' pay.
The decision is a blow to Hamilton, long the center of Canada's steel industry, which has been hit hard by plant closures over the last decade. "It is disappointing, very disappointing for both our workers and the community in Hamilton that has a long history of making good steel," said United Steelworkers spokesman Tony DePaulo.
TORONTO, Oct 29- United States Steel Corp said on Tuesday it will permanently shut down iron and steelmaking operations at its Hamilton, Ontario, mill at the end of this year. The company's mills in Hamilton and Nanticoke, Ontario, were the subject of a legal dispute between U.S.
*Says weakness in mining and India main culprits. The Columbus, Indiana- based company said sales of all its products had also contracted sharply in India in the most recent quarter as a result of declining business confidence and manufacturing activity there.
CHICAGO, Oct 29- Cummins Inc, the U.S. maker of engines and other vehicle components, reported lower-than-expected quarterly profit on Tuesday and cut its full-year outlook, citing weak demand in most of its markets, including mining.
Oct 28- United States Steel Corp swung to a third-quarter loss as the steel-maker took an after-tax goodwill impairment charge related to a writedown in the value of two of its North American units.
*Mitsubishi Motors up on dividend hopes after capital raising news. TOKYO, Oct 28- The Nikkei stock average bounced back on Monday, recouping some of its steep losses suffered at the end of last week, but investors remain cautious ahead of a big earnings week for Corporate Japan and concerns over tight credit conditions in China.
CAIRO, Oct 27- Egyptian Steel is preparing for an initial public offer of its shares in 2015 and is on track to boost its production capacity several-fold by then, chairman Ahmed Abou Hashima said.
FRANKFURT, Oct 25- Germany's ThyssenKrupp could seek a partner to set up steel processing in Brazil if it fails to sell its steel mill in the Latin American country, the Wall Street Journal Deutschland reported, citing sources.
*POSCO shares end up 0.5 pct prior to earnings announcement. SEOUL, Oct 24- South Korea's POSCO cut its 2013 sales target by 3 percent on Thursday as the world's fifth largest steelmaker struggles to win orders away from Asian rivals also scrambling in an oversupplied market.
*Royalty worries weigh on ARM Holdings. *Gjensidige beats forecast, announces special dividend. LONDON, Oct 22- Mixed results on a big day for corporate earnings halted European equity markets near five-year highs on Tuesday, as investors awaited delayed U.S. jobs data.
*ARM Holdings hit by royalty concerns. *Norwegian insurer Gjensidige rallies after earnings beat. LONDON, Oct 22- European shares were flat in early trade following a mixed batch of company reports, with airlines the top fallers after weak results from Germany's Lufthansa.
BRASILIA, Oct 18- Brazil's multinational companies will have up to eight years to pay taxes on their foreign profits, the country's top tax official said on Friday, in a rule that will encourage the growth of their investments abroad.
Nucor said in September that some improvement in demand, as well as supply disruptions experienced by its competitors, could help results. While metal margins should be stable, shipments usually fall late in the year, and Nucor has scheduled outages, related to upcoming expansions, at several mills.
Oct 17- Steelmaker Nucor Corp reported a rise in quarterly profit on Thursday and said better prices for sheet steel had boosted financial results at its mills. Earnings for the third quarter rose to $147.6 million, or 46 cents a share, from $110.3 million, or 35 cents a share, a year earlier. Net sales rose 3 percent to $4.94 billion.
*VTB flips Tele2 Russia after six months. MOSCOW, Oct 17- Russian bank VTB has agreed to sell 50 percent of Tele2 Russia, turning a quick profit and gaining investors with the expertise that could help it to challenge the dominance of Russia's big three mobile phone operators.
"It looks awful on the charts, and it's just not doing what it should be doing," Dennis Gartman says of gold.
BEIJING, Oct 15- China will tackle chronic overcapacity problems in sectors such as steel and cement by blocking approvals for new projects and by making better use of the market, according to a new plan issued by the State Council on Tuesday.
KIEV, Oct 14- Ukraine, struggling with a weak economy, is considering shelving plans to cut corporate tax and VAT next year to prevent further pressure on its deteriorating public finances, its chief tax minister said. The two taxes typically account for about two thirds of Ukraine's total state budget revenue.
*Tele2 Russia seen merging with Rostelecom's mobile unit. MOSCOW, Oct 11- Russian bank VTB is to sell 50 percent of its mobile phone operator Tele2 Russia to a group of investors in a deal expected to be worth about $2 billion and which stoked talk of an eventual tie up between Tele2 and rival Rostelecom.