It's reported that Standard & Poor's (S&P) has lowered Russian NLMK's long-term corporate credit rating to "BB+" from "BBB-". S&P explained that the downgrade was based on weak global steelmaking and a conservative estimate of the country ...
Tags: Metallurgy, Mineral, Energy, steel
Zhaojin Mining Industry Company Limited announces that it plans to issue CNY 1 billion 365-day bills on June 7. China Construction Bank is lead underwriter and joint book runner; Industrial Bank is joint lead underwriter. China Lianhe ...
Tags: Metallurgy, Mineral, Energy
On May 21, Xinjiang autonomous region-based Chinese steelmaker Xinjiang Kingtec Steel Co., a subsidiary of state-owned company Xinjiang Cathay International Group, announced that its planned issue of enterprise bonds worth a total of RMB ...
Tags: Kingtec Steel, Bonds
On May 14, Liaoning Province-based Chinese steelmaker Angang Steel Group Co. (Ansteel) announced that it will issue its first medium-term notes for the current year on May 21, valued at a total of RMB 4 billion ($651.5 million). The notes ...
Tags: Ansteel, Medium-Term Notes
On May 13, Shandong Province-based Chinese steelmaker Shandong Iron and Steel Group Co. announced that it is planning its second issue of medium-term notes for the current year, with the notes in question valued at RMB 3 billion ($487.8 ...
Tags: Shandong Steel Group, Mineral
Chinese banks fuel expansion overseas in succession due to a profit slowdown rooted from the domestic economic downturn. For an example, Bank of Communications (BoCom, SEHK: 3328 and SHSE: 601328), the fifth-biggest commercial lender ...
Tags: economy, China Banks, Fueling Expansion
Anhui Province-based Chinese steelmaker Ma'anshan Iron and Steel (Masteel) has announced that plans to issue medium-term notes worth RMB 1 billion ($161 million) on May 10. The period of issuance of the medium-term notes is three years, ...
Tags: Masteel, Medium-Term Notes
Guangzhou Province-based Chinese pipe producer Panyu Chu Kong Steel Pipe Co. has announced that, for the purpose of increasing working capital and repaying debts, it will issue short-term bonds worth RMB 200 million ($32 million) on May 9. ...
Tags: Steel Pipe, Mineral
Soitec of Bernin, France, which makes engineered substrates including silicon-on-insulator (SOI) wafers (as well as III-V epiwafers through its Picogiga International division), has finalised the ZAR 1,000,000,000(more than $100m) solar ...
Tags: Soitec CPV, Soitec
Foreign banks continue selling stake in Chinese lenders due to uncertainties of the Chinese economy. Sources said recently that HSBC would sell an eight percent stake in Bank of Shanghai, a city-level commercial lender in the Chinese ...
Tags: Foreign Bank, bank, economy
LyondellBasell Industries announced earnings for the first quarter 2013 of $906 million, or $1.56 diluted earnings per share. First quarter 2013 EBITDA was $1,585 million, a 25 percent increase from the fourth quarter 2012 and a 29 percent ...
Tags: Textile
High unemployment and the continued slowdown in economic growth in the Southern European crisis countries in particular is still hampering economic development in the European Union (EU). While the countries moving towards recovery are ...
Tags: GFK Consumer Climate, unemployment
The dollar has fallen after speculation of a downgrade to Germany's top credit rating. At 5pm AEST today, the currency was trading at $US1.0317, down from $US1.0363 yesterday. ANZ foreign exchange strategist Andrew Salter said the ...
Tags: Dollar, foreign exchange
International credit ratings agency Fitch Ratings has affirmed the credit rating of the Indian steel giant Tata Steel Limited at BB+, while the outlook remains negative. The negative outlook continues to reflect Fitch's expectations of ...
Tags: Fitch Affirms, Tata Steel
Smartglass has recently won the contract to supply privacy glass to the new Nationwide Office in London. In conjunction with Mace and Optima Partitioning, Privacy Smartglass will feature in the CEO and excutive offices. Located ...
Tags: Smartglass, glass