SEOUL, March 14- POSCO's new chief executive said the steelmaker will shy away from expanding manufacturing capacity for the time being, and raise cash by selling non-core assets and by listing some affiliates- a marked break with the strategy set by his predecessor.» Read More
Banks dominated European earnings Wednesday, as France's BNP Paribas and the Netherlands' ING Group reported falls in first-quarter profit due to the ongoing market turmoil.
A recent bear-market rally in Europe may be cut short next week, when stocks are likely to be dragged lower as investors balk at the rising price of oil and fears that the financial sector woes are not over, return to haunt the markets.
European shares fell on Tuesday, weighed down by banks and insurers after UBS sought to purge itself of the impact of the credit crisis and Swiss Re announced another round of writedowns.
Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Tuesday.
Britain's leading shares ended flat on Thursday as British Airways soared on consolidation hopes, while Smith & Nephew weighed after an internal probe into its sales practices.
Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Monday.
President Hugo Chavez Thursday announced the immediate nationalization of Venezuela's cement industry, a move that will hit Mexico's Cemex, just a year after Chavez launched a wave of state takeovers.
European stocks closed lower across the board Thursday, following two days of gains, as fears over the health of the global economy remained.
European markets remained lower Wednesday afternoon, paring back from the previous day's gains, after weak U.S. consumer confidence data and a surprise drop in durable goods fueled fears of a recession and sparking a further dollar weakness.
Shares in Anglo-Swiss miner Xstrata tumbled on Wednesday after the collapse of talks with Brazil's Vale to buy the company and forge a massive mining group.
European stocks closed in the red Thursday, with investors eager to close positions ahead of the long Easter weekend and after a profit warning from Credit Suisse.
Cramer puts down his ax and shows this sector – and Weyerhaeuser – a little love.
Major European stock indexes closed more than 3 percent higher on Tuesday ahead of the Federal Reserve's interest-rate-setting meeting, and after U.S. banks Goldman Sachs and Lehman Brothers reported earnings that beat markets expectations.
Chinalco, the Chinese metals company that led a stunning $14 billion investment in Rio Tinto could raise its stake in the global mining firm and has no intention of cutting back on its ambitions elsewhere.
European stocks resumed their downward trajectory Thursday, wiping out the previous session’s gains, after Carlyle Capital defaulted on about $16.6 billion of debt, unsettling investors.
European markets closed higher across the board Tuesday, but off session highs, after news of fresh liquidity action from the Federal Reserve and other central banks boosted the major indexes.
London-listed Chilean miner Antofagasta posted a below-forecast dip in annual pretax profit on Tuesday after weaker output and cautioned that costs were expected to rise this year.
European stocks closed firmly lower Tuesday, with banking the technology stocks suffering heavy selling after Intel lowered its gross margin forecast for the current quarter.
Dual-listed mining giant BHP Billiton is talking to sub-underwriting banks on a record $55 billion loan backing its hostile bid for rival Rio Tinto, banking sources said.
Miner Xstrata posted a 13 percent rise in annual net profit on Monday on strong output, but gave little detail about ongoing talks regarding a possible takeover by Brazil's Vale.