Metals and Mining
Steel Producers
FRANKFURT, Sept 24- Thyssenkrupp AG is to set up a joint working group of board members and labour representatives to help implement the plan to merge with Tata Steel, it said in a statement published on Sunday after a supervisory board meeting. If approved, it would create Europe's second-biggest steelmaker after ArcelorMittal, with combined sales of about 15...
Just two days before general elections in Europe's biggest economy, the demonstrators protested against up to 4,000 job cuts that will be made should the joint venture go ahead. Thyssenkrupp and Tata this week said they had signed a memorandum of understanding for a 50-50 joint venture that would create Europe's second-biggest steelmaker after...
FRANKFURT, Sept 22- Thyssenkrupp Steel and Tata Steel's plans to merge in Europe could enable them not just to cut costs but also raise prices, customers and shareholders say. The planned joint venture, announced on Wednesday, would create Europe's second-largest steel maker, with a market share of about 13 percent, according to data from the companies and the...
FRANKFURT, Sept 22- Thyssenkrupp Steel and Tata Steel's plans to merge in Europe could enable them not just to cut costs but also raise prices, customers and shareholders say. The planned joint venture, announced on Wednesday, would create Europe's second-largest steel maker, with a market share of about 13 percent, according to data from the companies and the...
BERLIN— Thousands of steelworkers have gathered in western Germany in a protest over the planned merger of the European steel operations of Thyssenkrupp and Tata Steel, which is expected to cost up to 4,000 jobs. Germany's top labor union leader, Reiner Hoffmann, accused Thyssenkrupp's management of failing to take account of employees' interests, while...
The White House could soften its tone on trade as it looks to repair GOP relations, reports CNBC's Kayla Tausche.
TOKYO, Sept 22- Japan's Nikkei share average slipped from a two-year high on Friday after North Korea threatened to test a hydrogen bomb in the Pacific Ocean, ratcheting up tensions with the United States and its allies. North Korean Foreign Minister Ri Yong Ho reportedly said his country could consider a hydrogen bomb test in the Pacific Ocean, raising...
CSX Assistant Vice President Maryclare Kenney apologized to customers in the email dated Sept. 8. The Surface Transportation Board, the U.S. rail regulator, is due to host a hearing in Washington, D.C., over CSX's service on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after CSX executives said the railroad had made...
BEIJING, Sept 22- Thousands of small factories in China, making everything from steel to chemicals, are scrambling for access to the country's clogged rail network as Beijing curbs the use of diesel trucks in an effort to tackle air pollution. Trucking is a cheaper and preferred mode of transport for heavy industry in China, especially for inland companies...
Customers will be able to air grievances when the Surface Transportation Board, the top U.S. rail regulator, hosts a hearing over CSX's service in Washington on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after top executives said the railroad had made great strides in fixing service problems that gripped its system...
LAUNCESTON, Australia, Sept 21- Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. It's worth noting that the current slump was led by iron ore futures traded on China's Dalian Commodity Exchange, a market dominated by local investors, as opposed to the more...
MANILA/ BEIJING, Sept 21- China's aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply. As China tightened the screws on polluting industrial plants, about 30 percent of its...
LAUNCESTON, Australia, Sept 21- Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. It's worth noting that the current slump was led by iron ore futures traded on China's Dalian Commodity Exchange, a market dominated by local investors, as opposed to the more...
**Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...
**Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...
*Expect annual synergies of 400 mln- 600 mln euros. *Thyssenkrupp will shift 4 bln euros in liabilities. ESSEN, Germany/ MUMBAI, Sept 20- Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros.
MILAN, Sept 20- Deal-making and political turmoil in Spain livened up a flat session in Europe' stock markets on Wednesday as investors awaited pointers from the Federal Reserve on the U.S. interest rate outlook. "Market are starting to realize how deep the crisis is," said Jesus Castillo, an economist covering Southern Europe for French bank Natixis.
*Expect annual synergies of 400 mln- 600 mln euros. *Thyssenkrupp will shift 4 bln euros in liabilities. ESSEN, Germany/ MUMBAI, Sept 20- Sure, Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations to create the continent's No.2 steelmaker.
**Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. **U.S. private equity firm Carlyle Group is quitting its decade-long mining services play in Australia through the A $517 million...
**Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. **U.S. private equity firm Carlyle Group is quitting its decade-long mining services play in Australia through the A $517 million...
