International credit ratings agency Moody's has stated that the acquisition of German steelmaker ThyssenKrupp's Alabama, US-based steel mill by the joint venture partnership between ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal ...
Tags: steelmaker, metallurgy
International credit rating agency Moody's has announced that it has raised the European steel industry outlook to stable from negative given the improving fundamentals in the European steel industry, reflected by slight growth in euro area ...
Tags: Moody, lift, European steel, industry, outlook, stable
Rémy Cointreau’s (RCO.PA) sales for the six months to 30 September 2013 were €558.0 million, an organic decline of 3.6% compared with the same period the previous year, during which strong growth of 13.3% was reported. ...
Tags: Remy Cointreau, Food
According to reported that International credit rating agency Moody's recently announced the European prospects of the steel sector by the "negative" was increased to “stable", which is expected from next year. Meanwhile, the ...
Tags: Moody, raise, prospect, European, steel, sector, stable
When a Chinese engineering firm sets off to build a road or a dam in a distant country, a Chinese bank is usually not far behind them. Bank branches bearing Chinese characters can be found on the streets of Lima and Warsaw, as well as Paris ...
The series of reforms announced over the weekend in China could begin to change the way the country's local and regional governments (LRGs) operate, said Fitch Ratings, a London-based credit rating company, on Tuesday. If implemented ...
Tags: China's Reforms, Economy
When the world was digesting news of Detroit’s bankruptcy in July, the biggest ever by a municipality in the US, attention in China turned to the highly indebted government of Jiangsu province. Provincial, city and county authorities ...
Tags: Bond Markets, Local Officials
Solvay announces that it has successfully launched a hybrid bond issue worth 1.2 billion €, to further strengthen the Groups balance sheet. The hybrid bond issue is split across two perpetual tranches: A first tranche of 700 ...
Tags: Hybrid Bond Issue, Solvay
China Construction Bank (CCB, SHSE: 601939, and SEHK: 0939), the biggest real estate and mortgage lender in the Chinese mainland, will control a 72 percent stake in Brazil-based Banco Industrial e Commercial S.A. (BIC). It said in the ...
The Co-operative Bank is to invest another £500m in upgrading its IT systems over the next three years as the Co-operative Group cedes control of its troubled bank to US hedge funds. The news was revealed as the Bank unveiled a ...
Tags: Computer Products, bank, software
With home prices and household formations rising and household balance sheets healing, the ongoing housing recovery is expected to gain momentum next year even as several challenges remain, according to economists who participated in the ...
Tags: Construction, Decoration
Yang Huiyan, 32, has become China's richest woman of 2013 with a fortune of 51 billion yuan ($8.33 billion), according to Hurun China's Women Rich List 2013, released by the Hurun Research Institute in Shanghai on Tuesday. More than half ...
Tags: Female Billionaires
When Microsoft finally completes Steve Ballmer's last-ever super-soaraway acquisition, some 32,000 lucky Nokians will be magically transformed into Microsofties. For a company shrinking as fast as Nokia, it's amazing there are so many ...
Tags: Computer Products, software
Microsoft is to buy Nokia's mobile phone business and license its patents in a deal worth $7.2bn (£4.6bn). Further reading Nokia whacked by another downgrade – Moody's rates Nokia four notches below investment grade Microsoft ...
Tags: Microsoft, Nokia, Mobile Business
Russian steelmaker Severstal has announced its financial results for the second quarter and the first half of 2013. Accordingly, in the second quarter Severstal registered a net loss of $44 million, compared to a net profit of $155 million ...
Tags: steel, Metallurgy, Mineral