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ArcelorMittal said Wednesday that it had paid 631 million Australian dollars for a stake of nearly 15 percent in Macarthur Coal of Australia, setting up a possible bidding war for the miner and pushing Macarthur's shares up 14 percent. Soaring coal prices, driven by tight supply and voracious...
Wall Street has been hit with a repeat dose of record oil prices and unsettling economic news. Crude oil futures traded on the New York Mercantile Exchange have surged overnight, with the December contract almost touching $US135 a barrel. The spot price of West Texas crude has also burst through...
Stubbornly high inflation in Europe is set to create a clear divergence in stock market investors' preferences this year, with food retail, commodity companies and utility shares likely to be in hot demand. "What we've found historically in inflationary periods and especially in stagflationary...
The Wall Street Journal Europe Word Count: 1,036 | Companies Featured in This Article: UBS, BlackRock, Royal Bank of Scotland, Deutsche Bank, Abertis, Goldman Sachs Group, Citigroup, ArcelorMittal UBS HAS SAID AU REVOIR to $15 billion of noxious U.S. mortgage-backed assets by selling them to...
's RAP solution for its operations in the province of Jiangsu. 2:44AM Regeneron Pharma and Sanofi-Aventis update Aflibercept clinical development program in oncology 21.47 : Co and Sanofi-Aventis (SNY) provide an update on the clinical development program for aflibercept, including results from a...
AMSTERDAM (Thomson Financial) - Shares closed slightly higher, as rising oil prices drove oil stocks Shell and SBM Offshore sharply higher. The AEX closed up 0.35 points or 0.07 percent at 487.62 after opening at 488.44 and trading in the range 485.68 to 490.26. Government bonds traded lower,...
The hemline theory of economics – that skirts get shorter in the good times – is one way to monitor business sentiment. Do the length of supply chains vary with the cycle too? There is emerging evidence that the 20-year vogue for outsourcing and arms-length supply networks is over. A return of...
Steel giant ArcelorMittal SA plans to build an electricity co-generation plant in Newcastle, despite delays in the finalisation of a power-purchase deal with Eskom for the company's proposed 130 MW Vanderbijlpark power plant. Please feel free to subscribe with no obligations. We will contact you...
LN Mittal is all set to strike another deal. This time, Mittal would be grabbing the ailing Bulgarian steel maker Kremikovtzi from his brother Pramod Mittal who heads Global Steel Holdings. ArcelorMittal, the world’s largest steel maker, who has been fighting Ukrainian business tycoon Konstantin...
It was a déjà vu moment for Esmark on Tuesday when Russian metals and mining company OAO Severstal offered to buy all its outstanding stock for $17 a share in cash. The offer mirrored last week's bid by India's Essar Steel Holdings except for one crucial difference: Severstal claims to have the...
