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...(Bloomberg) News round-up Thyssenkrupp ends talks with Gupta’s Liberty over steel unit (FT) Top Deutsche banker wooed clients for Wirecard months before collapse (FT) Crispin Odey ‘lunged’ at female...
...steel unit (FT) Ex-Tiger Global executive looks at raising second $1bn fund in year (FT)...
...and Tata Steel merger (FT) Sports Direct launches legal challenge to Debenhams’ restructuring (FT) Uber chief executive laments U.S. trade policy for lackluster IPO (Reuters) UK’s Compass Group to buy...
...Tata and ThyssenKrupp agree Europe steel tie-up Germany’s ThyssenKrupp and India’s Tata Steel agreed to merge their steelmaking operations in Europe in an attempt to cut costs and focus on higher-quality...
...Moody’s cut the credit rating of German steel behemoth Thyssenkrupp further into junk territory on Monday, as the group’s cost-cutting efforts collide with weakened profitability due to lower steel prices...
...In response to questions from a DoJ attorney, David Shanks, chief executive of Penguin USA, said that he was concerned that the $9.99 price tag for digital books would cannibalise his company’s physical...
...Last summer ThyssenKrupp suffered a cyber attack from China, which it said “occurred locally in the USA”....
...He rejected the suggestion that ThyssenKrupp would like to exit steel altogether. “I remain convinced that we don’t have a steel problem, we have a Steel Americas problem,” he said....
...Meanwhile, reports that South Korean steelmaker Posco could buy ThyssenKrupp’s lossmaking Steel Americas unit buoyed the German company’s shares....
...Oliver Steel, analyst at Deutsche Bank, noted that Guggenheim’s life operation last year acquired EquiTrust for $440m....
...ThyssenKrupp climbed 8.1 per cent to €19.05 as its bidding war with Arcelor for Canadian steelmaker Dofasco heated up....
...German steel group Thyssen Krupp fell 1.7 per cent to €17.27 after it countered Paris listed peer Arcelor’s bid for Canada’s Dofasco with a $4.1bn offer which was accepted....
...But ThyssenKrupp reversed an early rise to close 0.9 per cent lower at €17.51....
...Arcelor of Luxembourg and ThyssenKrupp of Germany are involved in a $4.7bn battle for Canada’s Dofasco....
...ThyssenKrupp also announced a shake-up in the company and management structures with its steel unit to be split in two between carbon and stainless activities....
...Although UBS did not give a rating to ThyssenKrupp, the German steelmaker gained 1.9 per cent to €17.32. Spanish stainless steel group Acerinox rose 0.6 per cent to €11.44....
...“Given that steel stocks traditionally move upwards one or two quarters ahead of the steel price, we could see a short-term bounce in steel equities lasting into the fourth quarter” Munich Re, the German...
...Arcelor said earlier this month it would reduce steel output without detailing the depth of the scaling back. Corus fell 1.6 per cent to €0.63 and ThyssenKrupp dipped 1 per cent to €14.39....
...Among the European steelmakers, France’s Arcelor, the largest, was down 0.3 per cent to €15.95, while ThyssenKrupp shed 1 per cent to €14.68....
...Falling steel prices and production cuts took their toll for a second day, leading Landesbank Rheinland-Pfalz cut its ratings and price targets on German producers ThyssenKrupp, down 1.1 per cent to €14.54...
...Arcelor, the world's biggest steel producer, fell 3.3 per cent to €18.57, while ThyssenKrupp shed 2.4 per cent to €16.71....
...Arcelor, the world's biggest steelmaker, rose 2 per cent to €17.57, while ThyssenKrupp gained 0.5 per cent to €16.44....
...Steel stocks moved ahead following overnight gains for the sector in Asia after Japanese carmaker Nissan said it would halt output at some of its domestic plants for five days after running out of steel...
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