LyondellBasell Industries announced earnings from continuing operations for the fourth quarter 2012 of $645 million, or $1.13 per share. Fourth-quarter 2012 EBITDA was $1,289 million. Full year 2012 income from continuing operations was ...
Tags: LyondellBasell Industries, fourth quarter, Olefins, Polyolefins
Reuters reported that credit rating agency Moody’s downgraded ThyssenKrupp’s debt to “junk” status due to challenging market conditions and profit losses in its Brazil and US sites. ThyssenKrupp replied that its ...
Tags: Moody, Steel, Steel Americas
Artcraft Fluorescent Lighting Corporation was one of the three most influential business forces in fluorescent lighting fixture development and production in the United States from the commercial introduction of the fluorescent lamp at the ...
Tags: Artcraft Fluorescent Lighting Corporation, Lighting Brands
PTI reported that two rating agencies Standard & Poor's and Fitch have assigned negative outlook to state owned transmission utility Power Grid Corporation in line with the sovereign credit rating outlook of the country. S&P said that ...
Tags: Rating Agencies, PGCIL, Fitch Ratings
Recently,Ningbo Steel wins"China Customs AA management enterprise"qualification granted by the General Administration of Customs.This is gratifying result achieved by Ningbo Steel in recent years in strengthening corporate integrity ...
The history of domestic trust products lacking external ratings will end.Recently,Hwabao Trust cooperate with CCXI."Hwabao Jingwei Wealth No.1 Collective Fund Trust Scheme"issued and established by Hwabao Trust,international standard rating ...
On December 21,2012,Bank of China and Baosteel Group global cash management service overall framework agreement signing ceremony is held in Shanghai.As one of the first batch of"multinational company headquarter funds centralized ...
Tags: BOC, Baosteel Group, global cash management service agreement
Overview 1. US steelmaker Severstal Columbus LLC's financial performance weakened in the third quarter of 2012 amid unfavorable industry conditions. 2. Consequently, we don't expect the company to generate material positive free ...
Tags: generate material, steelmaker, steel, steel markets
International credit ratings agency Fitch Ratings has announced that it has downgraded Luxembourg-based steel giant ArcelorMittal's credit rating to BB+, below investment grade. The rating agency stated that the downgrade reflects the ...
Tags: Fitch Ratings, ArcelorMittal, steel, steel market
The 2012 China Auto Finance Report forecasts.that China's fledgling auto finance market will more than triple to CNY 1 trillion (USD 160.4 billion) over the next decade on a rise in younger consumers. By the end of last year CNY 300 ...
Tags: 2012 China Auto Finance Report, auto finance market, auto industry, auto
Metinvest BV the parent company of the international vertically integrated steel and mining group of companies announced that its subsidiary, Metinvest Trametal SpA had repaid ahead of schedule the remaining EUR 107.5 million of a 7 year ...
Tags: Metinvest BV, steel, mining, purchase, fixed assets, shares
The international credit ratings agency Standard and Poor's has announced that the France based seamless steel tube producer Vallourec will maintain its strong market positions in premium steel pipes and connections for the oil and gas ...
Tags: Standard and Poor, seamless steel tube, Vallourec, market positions
Japan's Sharp, one of the world's largest makers of LCD panels and a supplier of displays for Apple products, has taken the rare step of mortgaging its factories and buildings to secure an emergency loan from its main banks, a spokeswoman ...
Tags: Sharp, Japan, LCD panel, electronics industry
It goes without saying that China has proven it is a true heavyweight global contender. The herculean growth achieved by China over the past two decades is unprecedented in the annals of human history. China has overtaken Japan to become ...
Tags: China, Standard and Poor's, data, economy
China Knowledge reported that Kunming Iron & Steel Holdings Ltd has said it will issue CNY 1 billion in unsecured bills with a maturity of 365 days on the interbank market on December 21. The company said that the bills will be issued at ...
Tags: Iron, Steel, bills, unsecured bills