Fitch Ratings downgraded Turkey's long-term issuer default rating (IDR) to 'BB-' from 'BB' with a negative outlook due to the firing of the central...
Business and Finance
Sort by:
European Commission downgrades euro area economic growth forecast for 2020
The European Commission has lowered its forecasts for economic growth for next year due to tensions in international trade and continuing mutual...
US imposed new duties on steel from Mexico and China
Officials from the US Department of Commerce claim that the governments of China, Canada and Mexico are subsidizing the export of certain types of...
South Korean President urges Japan to remove restrictions on metal exports
South Korean President Moon Jae-in has called on Japan to lift export controls on high-tech materials bound for South Korea as a forced military...
British Steel buyer has not yet appeared
Despite the fact that the deadline for filing applications for the acquisition of the bankrupt steel mill British Steel ended last Sunday, the...
Voestalpine AGM announces dividends of € 1.10
In addition, Wolfgang Eder handed over the chairmanship of the Voestalpine board to Herbert Eibensteiner....
China removes barriers to foreign investment on a range of metallurgical products
China will lift restrictions on foreign investment on a range of products in the metals sector, including antimony, tungsten, molybdenum and tin....
Beijing Retains Tax Credits for Green Vehicle Buyers
Contrary to pessimistic forecasts about the possible cancellation by Beijing of tax breaks on environmentally friendly cars, the Ministry of Finance...
The main owner of NLMK Group sells 2.6% of its shares on the open market
FLETCHER GROUP HOLDINGS LTD, associated with Vladimir Lisin, Chairman of the Board of Directors of the NLMK Group, sold 158 million shares of the...
Amazon overtook Apple to become the most expensive brand in the world
Amazon topped the list of the most valuable brands in the world and outstripped last year's leaders Apple and Google....
China raises duties on American goods by $ 60 billion
In response to Washington's increased tariffs on Chinese goods, Beijing has taken similar action and increased tariffs on US products totaling $ 60...
The profitability of the Chinese industry declined by 4 percent
Chinese statistics released Monday showed progress in the country's efforts to help reduce corporate leverage through supply-side structural reform....
US lowers import duties on Turkish steel to 25 percent
The President of the United States has leveled import duties on steel for Turkey on a level with other countries, but excluded the country from the...
Gold rises in price, other metals depreciate
Stock prices for gold rose by a percentage point and approached the level of 1300 USD per ounce. In turn, prices for industrial metals (nickel,...
Steel trade war costs US companies $ 11.5 billion a year
US steel prices rose after Trump imposed 25 percent tariffs on imported steel for some countries in March, and then expanded tariffs for most...
Metals prices will rise amid falling dollar
Zinc raw material prices are falling due to growing supply problems; copper prices are rising amid falling dollar....
Money laundering scandal leads to resignation of Swedbank chairman
The bank's executive appointment committee is currently looking for candidates for the role of director and chairman of the board....
Indian gold imports in April-February fell 5.5 percent
The world's largest gold importer reduced purchases of precious metals due to falling prices for jewelry....
China iron ore exchange prices rise 3 percent
Quotes jumped amid a possible disruption in iron ore supplies from Vale....
Australian and New Zealand stocks decline due to global problems
Australian stocks tumbled on Monday as mining and financial assets dwindled after US and Chinese economic data were released, signaling further...
Australian metals index rose 0.7 percent
Stocks in Australia and New Zealand rally amid modest trade and optimism for China....
China cuts VAT to 13 percent
Reducing the value added tax will increase the revenues of the PRC manufacturing sector....
End of the trade war? China and the US are close to a deal
In the near future, the parties may sign a new document that will end the confrontation over tariff disputes. According to insiders, all or most of...
Emirates Steel expects a slowdown in construction activity in the Middle East this year
Emirates Steel, the largest steel producer in the United Arab Emirates, expects a slowdown in regional construction in 2019 and higher iron ore...
CSN To Sell Usiminas Shares To Cut Debt
Cia Siderúrgica Nacional SA, the second largest producer of flat products in Brazil, said on Thursday that it is considering selling its preferred...
Moody's upgrades Tata Steel's corporate rating to Ba2
In April-December 2018-19. Tata Steel's Indian operations generated EBITDA /tonne of Rs 17,270, more than three times the profitability of European...
Dry cargo market prospects deteriorate after Brazil dam disaster
The outlook for bulk carriers transporting iron ore from mines to smelters has been weakened by the accident at the Vale Brumadinho dam in Brazil,...
Trump: China deal will be largest trade deal in history
US and China set to enter major trade agreement...
The value of shares of Novolipetsk Metallurgical Plant fell by 12.26 percent
NLMK shares are showing negative trends. Their trading ended with a serious quarterly decline...
Coins "American eagle" were sold in 2018, at the minimum 11 years price
sales of silver coins amounted to 15.7 million ounces, which is the lowest annual figure since 2007, according to the data of the US Mint...
