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Last updated: 20:30:39 Saturday Oct 17, 2009


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  • ThyssenKrupp to slash up to 20,000 more jobs: report
    BERLIN (AFP) - German steelmaker ThyssenKrupp will cut up to 20,000 more jobs in the next fiscal year after already eliminating 12,000 positions due to the financial crisis, a report said Saturday.   Nations:Romania   Activities:2008 Germany Recession   Source:(AFP)   2009-10-17

    Severstal books Q2 loss of $290 million
    MOSCOW - Russia's largest steelmaker Severstal posted Monday a $290 million loss in the second quarter, a sharp fall from profits last year but better than the previous quarter, as the slump in global demand hit a bottom and showed some signs of picking up.   Nations:Russia   Source:(AP)   2009-09-07

    Stocks jump after 5 days of heavy selling
    NEW YORK - Stocks broke a five-day losing streak Wednesday as hope spread that China and the U.S. are taking convincing action to restart their economies.   Activities:U.S. Markets   2009-03-04

    Rio Tinto shares fall as China deal questioned
    SYDNEY (AFP) - Shares in mining giant Rio Tinto fell Friday as analysts and politicians questioned its plan to accept a 19.5 billion US dollar cash injection from China's state-owned aluminium firm Chinalco.   Source:(AFP)   2009-02-14

    Chinalco to invest $19.5 billion in Rio Tinto: source
    HONG KONG/MELBOURNE (Reuters) - Mining group Rio Tinto (RIO.L) (RIO.AX) has agreed to a $19.5 billion cash injection from China's state-owned Chinalco in a deal aimed at cutting Rio's debts, a source familiar with the deal said on Thursday.   Nations:Australia   Source:(Reuters)   2009-02-11

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