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...Hakluyt has named Bharti Enterprises founder Sunil Bharti Mittal and the senior vice-president of corporate development at Mars, Valerie Mars, to its international advisory board....
...Private equity firm Hg has named former Vista Equity Partners dealmaker Alan Cline as head of North America....
...In the US, Mittal was the target of threats by critics, to the extent that she repeatedly moved her family out of her home address....
...The defensive actions allowed management to speed up a plan to reduce net borrowings to $7bn, the lowest level since Mittal Steel’s €27bn blockbuster takeover of European champion Arcelor in 2006....
...And a public fed-up with America’s convoluted medical system means there’s never been a better time for Silicon Valley to strike....
...According to Moody’s, default rates, at less than 6 per cent, are half those of Latin America....
...The Cleveland-based company said it would become North America’s largest producer of flat-rolled steel, which is used in manufactured goods from car bodies to domestic appliances, with combined shipments...
...The Florange law was named after the industrial community that was at the centre of a bitter row several years after the hostile €26.9bn takeover of Arcelor by Mittal Steel....
...He made the comments in the midst of Mittal’s €18bn unsoliticited takeover offer for steelmaker Arcelor....
...We have Buy ratings on BHP, Glencore and Arcelor Mittal and Neutrals on Rio Tinto and Anglo American....
...threatens to pollute politics of gas (FT) FT View — Green party gains should embolden the EU on climate change (FT) António Guterres — Further inaction on climate change is simply not an option (FT) Lakshmi Mittal...
...Some investors fear that China’s financial services opening risks primarily benefiting the largest and most established international firms, leaving smaller companies locked out....
...Since 2017, the company has signed deals with leading international retailers in Europe and North America....
...Mr Mittal said the company was halfway towards achieving that target....
...Jean-Claude Juncker, the commission president — himself the son of a steelworker — is due on Tuesday to meet Lakshmi Mittal, chief executive of ArcelorMittal, the world’s largest steelmaker....
...under the ‘America First’ totem....
...His International Steel Group had just merged with Mittal Steel, which then bought Europe’s Arcelor to form the world’s largest steel conglomerate, ArcelorMittal....
...It was interesting to note George Shultz and James Baker, both former US Treasury secretaries, arguing the same point last week with regards to America’s position on climate change, also making the point...
...The world’s largest steelmaker by output swung from a $7.9bn net loss in 2015 — its worst performance since the megamerger of Mittal Steel and Arcelor in 2006 — to a net profit of $1.8bn last year....
...Anything else, such as the European Union’s proposed emissions trading system, would simply subsidise polluters abroad, as Lakshmi Mittal recently noted: Steel producers in another part of the world that...
...He sold the steel businesses to Mittal Group for around $4.5bn in 2005....
...International companies looking to expand into Latin America typically prefer Mexico or Chile as a base, as the Portuguese language in Brazil can be a barrier to entry....
...Western trade associations accuse the country of depressing steel prices by flooding international markets with its surplus output. But Mr Mittal believes this dynamic is changing....
...Its steel mills are accused of dumping surplus output on to international markets at lowball prices....
...Goldman Sachs International, BofA Merrill Lynch and Crédit Agricole are underwriting the rights issue. Additional reporting by Dan McCrum...
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