KT earnings miss, Revenue Inline in Q2
Investing.com - KT reported on Tuesday second quarter {{erl-39284||earnings that missed analysts' forecasts and revenue that was inline with expectations. KT announced earnings per share...
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Salzgitter AG News & Analysis
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POSCO earnings, Revenue beat in Q2
Investing.com - POSCO reported on Tuesday second quarter {{erl-21260||earnings that beat analysts' forecasts and revenue that topped expectations. POSCO announced earnings per share of...
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Sanofi Shares Slide After Trials of Potential Breast Cancer Drug Halted
By Scott Kanowsky Investing.com -- Sanofi SA (EPA:SASY) shares slid on Wednesday after the French drugmaker announced that it will halt trials of a new treatment for patients battling...
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Analog Devices earnings, Revenue beat in Q3
Investing.com - Analog Devices (NASDAQ:ADI) reported on Wednesday third quarter {{erl-7869||earnings that beat analysts' forecasts and revenue that topped expectations. Analog Devices...
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TJX earnings beat, Revenue misses in Q2
Investing.com - TJX (NYSE:TJX) reported on Wednesday second quarter {{erl-8227||earnings that beat analysts' forecasts and revenue that fell short of expectations. TJX announced earnings...
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Indian Finance Minister Issues Warnings Regarding Crypto
The Indian finance minister suggested against using cryptocurrency.The law enforcement organization blocked the assets of two crypto exchanges.At a BJP Economic Cell event on Saturday,...
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Germany’s Salzgitter seeks exemption from national gas rationing
By Christoph Steitz FRANKFURT (Reuters) – Salzgitter AG, Germany’s second-largest steelmaker, is in talks with regulators in a bid to secure exemption from potential gas rationing,...
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Volkswagen to invest over $20 bn on EV batteries, to create 20,000 jobs
The automaker will create a new company called Power Co under CEO Frank Blome and the production at the plant will start in 2025
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Volkswagen takes on US, China rivals with battery factory
The firm plans to "steer the worldwide battery offensive" from the new plant in Salzgitter in central Germany, CEO Herbert Diess told a ceremony attended by German Chancellor Olaf...
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UPDATE 2-Thyssenkrupp no longer eying state aid via emergency fund - CFO
* Aid via the WSF would have led to high costs* Decision came after intense talks with the government* Stand-alone scenario remains an option for steel (Updates with union...
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UPDATE 1-Liberty Steel to start due diligence on Thyssenkrupp steel business
(Adds details, background)LONDON, Dec 2 (Reuters) - Liberty Steel, which last month announced a non-binding indicative offer for Thyssenkrupp Steel Europe, will soon start looking into its...
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Q&A-Steel becomes next battleground in Thyssenkrupp dismantling
By Christoph Steitz, Tom Käckenhoff and Arno SchuetzeFRANKFURT/DUESSELDORF, Oct 21 (Reuters) - Sanjeev Gupta's non-binding offer for Thyssenkrupp's TKAG.DE loss-making steel unit is the...
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UPDATE 1-Liberty Steel set to bid for Thyssenkrupp steel unit - source
(Adds context)FRANKFURT, Oct 15 (Reuters) - Privately-held Liberty Steel is set to make a bid for the ailing steel unit of Germany's Thyssenkrupp TKAG.DE , a source close to the process told...
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Liberty Steel set to bid for Thyssenkrupp steel unit -source
FRANKFURT, Oct 15 (Reuters) - Privately-held Liberty Steel is set to make a bid for the ailing steel unit of Germany's Thyssenkrupp TKAG.DE , a source close to the process told Reuters on...
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Not a zombie! Thyssenkrupp workers want fast steel rescue decision
By Tom Käckenhoff and Christoph SteitzDUESSELDORF/FRANKFURT, Oct 15 (Reuters) - The German government must swiftly decide on whether it is prepared to take a stake in Thyssenkrupp's TKAG.DE...
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UPDATE 1-Thyssenkrupp CEO: government stake one option to fix steel unit
* Thyssenkrupp considers all options for steel - CEO* Government stake can be part of solution - CEO* State participation not a priority - NRW state premier (Adds further comments,...
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Government stake is one of several options - Thyssenkrupp CEO
DUESSELDORF, Oct 12 (Reuters) - Thyssenkrupp TKAG.DE will consider all options, including the government taking a stake, in its plans to fix its ailing steel unit, Chief Executive Martina...
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CORRECTED-Salzgitter CEO rejects idea of steel alliance with Thyssenkrupp
(Corrects 10th paragraph to read lowering carbon emissions in making iron and steel instead of green fuels for blast furnaces)HAMBURG, Sept 9 (Reuters) - Germany's second-largest steelmaker ...
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UPDATE 2-Thyssenkrupp faces pressure to fix steel unit as losses mount
* Q3 adj oper loss from cont ops 679 mln eur* Steel division to post 1 bln eur loss this year* Some businesses stabilising in Q4 vs Q3* Shares indicated 5.7% lower (Recasts, adds detail on...
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Thyssenkrupp must quickly present strategy, steel solution -Deka
* Elevator sale expected to close on Friday - sources* Deal will give Thyssenkrupp 17.2 bln euros in proceeds* Group must spell out how money will be spent - DekaBy Christoph...
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UPDATE 1-Salzgitter CEO sees no immediate need for M&A
* CEO says he sees no merit in any link-ups short-term* Not a categoric no to M&A, if suitable* Large parts of output covered by CO2 permits to 2030* This buys time to transform towards...
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Salzgitter CEO sees no merit in sector consolidation for time being
FRANKFURT, July 8 (Reuters) - Germany's second-largest steelmaker Salzgitter SZGG.DE would not stand to benefit from consolidation efforts, Chief Executive Heinz Joerg Fuhrmann told...
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Severstal says 'no' to Europe as Thyssenkrupp's options narrow
By Anastasia Lyrchikova, Christoph Steitz and Tom KäckenhoffMOSCOW/FRANKFURT/DUESSELDORF, June 12 (Reuters) - Russian steelmaker Severstal CHMF.MM has no plans to get involved in industry...
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UPDATE 1-Salzgitter: No negotiations with Thyssenkrupp on steel
* Salzgitter still open to ideas for consolidation* Thyssenkrupp talking to rivals about tie-ups* No labour support for majority sale - Nasikkol (Adds comments by labour...
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UPDATE 3-Ailing icon Thyssenkrupp seeks partners for steel, warship units
* Thyssenkrupp pools units up for sale or closure* To keep Materials Services, Industrial Components* Talks being held with SSAB, Baosteel - Handelsblatt* IG Metall favours deal with...
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UPDATE 2-Steel becomes new problem child as Thyssenkrupp posts profit drop
* Steel division posts operating loss of 164 mln eur* Elevator deal decision "imminent"* Shares indicated down 1.7% (Recasts, adds context, shares)By Christoph Steitz and Tom...
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UPDATE 2-Bank rally leads European stocks higher
* Banks snap 3-day losing streak* Steel stocks fall after U.S. Steel's weak forecast* Swiss lenders gain after SNB raises negative rate threshold (Updates to close)By Sruthi ShankarSept...
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European shares rise as banks lead gains
(For a live blog on European stocks, type LIVE/ in an Eikon news window)Sept 19 (Reuters) - European shares edged higher on Thursday, helped by a rise in banks, after the U.S. Federal...
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German stocks - Factors to watch on April 2
BERLIN/FRANKFURT, April 2 (Reuters) - The following are some of the factors that may move German stocks on Tuesday:BREXITBritain is no nearer to resolving the chaos surrounding its departure...
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Deals of the day-Mergers and acquisitions
(Adds Salzgitter and J. Safra Sarasin Group, Updates Kellogg)April 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Monday:** U.S. food...
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Salzgitter CEO eyes Thyssenkrupp-Tata Steel JV remedies - CEO
HANOVER, Germany/FRANKFURT, April 1 (Reuters) - Salzgitter's SZGG.DE chief executive will look at any assets that Thyssenkrupp TKAG.DE and India's Tata Steel TISC.NS could divest...
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BRIEF-Salzgitter Would Look Into Thyssen/Tata JV Assets - CEO
April 1 (Reuters) - Salzgitter SZGG.DE CEO, asked about interest in activities of Thyssenkrupp/Tata JV that may be sold:* We would look at that with interest Further company coverage:...
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Germany shares higher at close of trade; DAX up 0.85%
Investing.com – Germany equities were higher at the close on Friday, as gains in the Technology, Telecoms and Insurance sectors propelled shares higher. At the close in Frankfurt, the DAX...
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Germany shares mixed at close of trade; DAX up 0.13%
Investing.com – Germany equities were mixed at the close on Thursday, as gains in the Consumer & Cyclical, Insurance and Food & Beverages sectors propelled shares higher while losses in the...
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Germany shares mixed at close of trade; DAX down 0.17%
Investing.com – Germany equities were mixed at the close on Tuesday, as gains in the Basic Resources, Transportation & Logistics and Industrials sectors propelled shares higher while losses...
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Germany shares mixed at close of trade; DAX down 0.52%
Investing.com – Germany equities were mixed at the close on Friday, as gains in the Financial Services, Software and Food & Beverages sectors propelled shares higher while losses in the...
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Germany shares lower at close of trade; DAX down 0.28%
Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Technology, Transportation & Logistics and Pharmaceuticals & Healthcare sectors propelled shares...
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Germany shares mixed at close of trade; DAX up 0.82%
Investing.com – Germany equities were mixed at the close on Wednesday, as gains in the Basic Resources, Transportation & Logistics and Pharmaceuticals & Healthcare sectors propelled shares...
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Germany shares mixed at close of trade; DAX down 0.38%
Investing.com – Germany equities were mixed at the close on Wednesday, as gains in the Technology, Basic Resources and Transportation & Logistics sectors propelled shares higher while losses...
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Germany shares higher at close of trade; DAX up 1.71%
Investing.com – Germany equities were higher at the close on Tuesday, as gains in the Retail, Software and Consumer & Cyclical sectors propelled shares higher. At the close in Frankfurt,...
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Germany shares lower at close of trade; DAX down 0.41%
Investing.com – Germany equities were lower at the close on Tuesday, as losses in the Basic Resources, Food & Beverages and Technology sectors propelled shares lower. At the close in...
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Germany shares higher at close of trade; DAX up 0.83%
Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Technology, Media and Basic Resources sectors propelled shares higher. At the close in Frankfurt, the...
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Germany shares higher at close of trade; DAX up 3.37%
Investing.com – Germany equities were higher at the close on Friday, as gains in the Basic Resources, Pharmaceuticals & Healthcare and Construction sectors propelled shares higher. At the...
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Germany shares higher at close of trade; DAX up 0.49%
Investing.com – Germany equities were higher at the close on Friday, as gains in the Food & Beverages, Transportation & Logistics and Media sectors propelled shares higher. At the close in...
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Germany shares mixed at close of trade; DAX up 0.02%
Investing.com – Germany equities were mixed at the close on Friday, as gains in the Insurance, Food & Beverages and Technology sectors propelled shares higher while losses in the Basic...
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Germany shares lower at close of trade; DAX down 0.73%
Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Technology, Basic Resources and Construction sectors propelled shares lower. At the close in...
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Germany shares lower at close of trade; DAX down 0.31%
Investing.com – Germany equities were lower at the close on Friday, as losses in the Basic Resources, Technology and Industrials sectors propelled shares lower. At the close in Frankfurt,...
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Germany shares mixed at close of trade; DAX up 0.19%
Investing.com – Germany equities were mixed at the close on Tuesday, as gains in the Software, Food & Beverages and Technology sectors propelled shares higher while losses in the...
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Germany shares mixed at close of trade; DAX up 0.50%
Investing.com – Germany equities were mixed at the close on Wednesday, as gains in the Basic Resources, Chemicals and Construction sectors propelled shares higher while losses in the...
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