Signs in falling power consumption to record-low steel prices, seem to suggest China's economic growth is slowly but surely losing its fizz.» Read More
TOKYO-- Japan's largest steelmaker, Nippon Steel Corp., has joined with Sumitomo Metal Corp. to form the world's second-biggest steel maker.
Separately, the bank's brokerage unit Cheuvreux could cut 290 jobs in France as part of a possible deal with financial services group Kepler Capital Markets to buy Cheuvreux, French daily Les Echos wrote, citing sources close to the matter.
"I think there definitely remains a challenge in the steel industry, structurally there is over supply and there are certainly questions about the demand side of things, whether demand has actually worsened, well I think we have seen it weaken in the second quarter," Jeff Largey, head of metals and mining research at Macquarie Group, told CNBC.
Take a look at some of Monday's midday movers:
Rising tension between Delhi and leading industrialists is hampering investment – and hopes of an early return to rapid growth, the FT reports.
Are skittish investors so focused on Europe, they're missing something else pretty big.
Here are 10 of Morningstar's five-star stocks with the biggest discount to the firm's fair-value estimate listed in order of highest to lowest discount.
Stocks finished off their worst levels Monday but still ended in the red as renewed concerns over Greece and slowing growth in China overshadowed better-than-expected economic news in the U.S.
In light of Ash Wednesday, Barry Dixon, Head of Davy Research, has given CNBC his top stocks to “give up for Lent.”
With the S&P 500 pulling back from the key 1350-1360 level, we may well be at an inflection point. How should you position?
The leaders of Greece's three main political parties are meeting with Prime Minister Lucas Papademos this morning — if they can get into the building. A 24-hour strike has shut down all government services. Everything. Even the museum workers are on strike. Opposition leader Antonis Samaras has already said he opposes any further austerity measures. Surprise: He is the leader in opinion polls to win the elections scheduled for April.
While others are fearful ahead of the EU summit, the Fast Money pros suggest being greedy. Here’s what’s on their shopping list.
Seasonal uptick in steel stocks makes it worth looking at for December, Fast Money pros say.
In today’s world, daughters are just as likely as sons to be the heirs-apparent to the family business. Find out who they are.
Cramer makes the call on viewers' favorite stocks.
Get Cramer's calls on Seadrill, Banco Santander, Dollar General and more.
Stocks staged a late-day rally in light, choppy trading Tuesday, following the latest Fed meeting minutes, which showed officials debated a third round of asset purchases to stimulate the economy and after investors shrugged off a disappointing consumer confidence report.
Futures were lower Tuesday even after a report that said home prices gained for the third straight month in June. Investors also waited for a key consumer confidence report later today to provide a greater indication of the state of the U.S. economy.
Like commodities in general, metals help investors diversify as their performance bears little resemblance to that of stocks.
Stocks clawed back from session lows ahead of a crucial vote in Washington on the debt deal, but still ended lower Monday following a dismal manufacturing report in addition to renewed worries over some euro zone countries.