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UnitedStatesSteel


Новости

Nippon Steel to dissolve JV with China's Baoshan after 20 years

UPDATE 4-Nippon Steel to dissolve JV with China's Baoshan after 20 years Recasts with Nippon Steel's confirmation in paragraphs 1, 2 and 6-7; Baoshan's statement in paragraph 2; updates throughout By Katya Golubkova and Amy Lv TOKYO, July 23 (Reuters) - Nippon Steel 5401.T will dissolve its joint venture with China's Baoshan Iron & Steel 600019.SS , it said on Tuesday, ending two decades of cooperation when their existing shareholders' agreement expires at the end of August.
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German tax revenue rose 6.2% in June

German tax revenue rose 6.2% in June By Maria Martinez BERLIN, July 23 (Reuters) - Germany's federal and regional state governments' tax revenue rose strongly in June compared with the same month last year, the finance ministry said on Tuesday. The federal and state governments' tax revenue increased by 6.2% year-on-year to a total of 91.7 billion euros ($99.85 billion) in June, according to the ministry's monthly report.
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With no big deal safe, investment bankers move to safeguard fees

ANALYSIS-With no big deal safe, investment bankers move to safeguard fees Bankers push for fees on deals that regulators thwart Top banks seek up to 25% of breakup fees Fairness opinion fees rise to 20-25% of success fees By Anirban Sen NEW YORK, July 22 (Reuters) - Investment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions, as more big deals face challenges by regulators.
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Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal

UPDATE 1-Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal Updates with Nippon Steel's confirmation in paragraphs 1-3, background in paragraph 6, 8 TOKYO, July 20 (Reuters) - Japan's biggest steelmaker, Nippon Steel Corp. 5401.T , has hired former U.S. Secretary of State Mike Pompeo to help with its effort to acquire U.S. Steel X.N , the Japanese company said on Saturday.
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Nippon Steel hires Pompeo to help clinch purchase of US Steel - Bloomberg News

MEDIA-Nippon Steel hires Pompeo to help clinch purchase of US Steel - Bloomberg News -- Source link: https://tinyurl.com/2st3rs95 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Steel Dynamics quarterly profit nearly halves on weak steel pricing

Steel Dynamics quarterly profit nearly halves on weak steel pricing July 17 (Reuters) - Steel Dynamics STLD.O on Wednesday reported a drop of 47% in second-quarter profit, amid declining domestic steel prices. Oversupply in the market, stemming from both domestic production and imports, has led steel distributors to refrain from purchases beyond immediate inventory needs.
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J.P. Morgan lifts PTs of Steel Dynamics, US Steel ahead of Q2 results

BUZZ-J.P. Morgan lifts PTs of Steel Dynamics, US Steel ahead of Q2 results ** J.P. Morgan lifts PTs of steelmakers Steel Dynamics STLD.O to $120 from $118 and U.S. Steel X.N to $43 from $40 ** Brokerage sees steel companies in the U.S. reporting results in line or above their mid-quarter forecasts ** STLD's diverse product offering and downstream b
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US steelmakers brace for tepid quarterly profit, further price declines

PREVIEW-US steelmakers brace for tepid quarterly profit, further price declines By Aatreyee Dasgupta July 16 (Reuters) - Top U.S. steelmakers are expected to post a decline in second-quarter earnings and could face additional pressure from a further retreat in steel prices heading into a slow summer season, according to analysts. Nucor NUE.N , Steel Dynamics STLD.O and U.S.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Updates Macy's July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: ** Macy's M.N scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the department store chain for $6.9 billion, sending its shares down 15%.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Macy's M.N has ended its buyout discussions with Arkhouse Management and Brigade Capital, saying that their raised offer lacked the certainty of financing and did not provide compelling value, sending its shares down 15% in early trading.
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Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion

UPDATE 4-Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion Adds CEO and analyst comment in paragraph 3, 7, updates shares in paragraph 5 By Aatreyee Dasgupta and Nathan Gomes July 15 (Reuters) - Cleveland-Cliffs CLF.N will buy Canadian steelmaker Stelco Holdings STLC.TO for C$3.85 billion ($2.8 billion), it said on Monday, marking its first acquisition since a failed bid for rival U.S.
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US needs stronger defenses against China's overcapacity, Treasury official says

UPDATE 1-US needs stronger defenses against China's overcapacity, Treasury official says Adds details on China's excess capacity, new trade actions, from fifth paragraph By David Lawder WASHINGTON, July 10 (Reuters) - The U.S. may need to take further and "more creative" actions beyond tariffs to protect U.S. industries and workers against China's growing excess industrial capacity, the U.S.
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Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025

BUZZ-Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025 ** Jefferies remains cautious into European steel sector's Q2 reporting season and says demand recovery might be pushed to 2025 ** It says steel prices are close to the bottom, and expects infrastructure related demand to pick up in late H2 2024 or in 2025, after the U.S. presidential election ** Thus it expects outlook commentary into Q3 to be cautious ** Jefferies' top picks are still ArcelorMittal MT.LU in Europe, and Cle
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U.S. Acelyrin, Blue Owl Capital, Malibu Boats

U.S. RESEARCH ROUNDUP-Acelyrin, Blue Owl Capital, Malibu Boats July 8 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Acelyrin, Blue Owl Capital and Malibu Boats, on Monday. HIGHLIGHTS * Acelyrin Inc SLRN.O : Wells Fargo raises to overweight from equal-weight * Blue Owl Capital Inc OWL.N : TD Cowen cuts to hold from buy * J B Hunt Transport Services Inc JBHT.O : Stephens initiates with overweight rating * Malibu Boat
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday: ** BBVA's BBVA.MC Chair Carlos Torres told its shareholders that he was fully confident of the success of its 12-billion-euro takeover for smaller rival Sabadell SABE.MC . nL8N3IX0EL ** The Canadian government has approved Glencore's GLEN.L $6.93 billion acquisition of miner Teck Resources' TECKb.TO steelmaking coal unit with strict conditions
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Saks owner to buy Neiman Marcus in $2.65 bln deal

Saks owner to buy Neiman Marcus in $2.65 bln deal July 4 (Reuters) - The parent of Saks Fifth Avenue said on Thursday it has agreed to buy rival luxury retailer Neiman Marcus in a $2.65 billion deal. Reporting by Arasu Kannagi Basil in Bengaluru
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Quest Diagnostics, Lufthansa, CoinDCX Updates: Volkswagen July 3 (Reuters - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Quest Diagnostics DGX.N said it would acquire Canada-based LifeLabs from pension plan owner OMERS for about C$1.35 billion, or about $985 million, including net debt.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 3 (Reuters - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Germany's cabinet blocked the planned sale of Volkswagen VOWG_p.DE subsidiary MAN Energy Solutions' gas turbine division to a Chinese company, two government sources said. nS8N3IC08R ** A joint venture between Trafigura and the Frontier Group of Companies (FGC) has completed its acquisition of the Mountain Creek power plant from a group of
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Nippon Steel's Mori to visit US again next week for talks on US Steel takeover

Nippon Steel's Mori to visit US again next week for talks on US Steel takeover TOKYO, July 3 (Reuters) - Nippon Steel's 5401.T vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel X.N , a company spokesperson said on Wednesday. The planned visit by Takahiro Mori, the Japanese firm's key negotiator for the deal, follows trips to the U.S.
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US Supreme Court blocks EPA's 'Good Neighbor' air pollution plan

UPDATE 3-US Supreme Court blocks EPA's 'Good Neighbor' air pollution plan Adds comment from EPA, advocacy group Earthjustice By Andrew Chung WASHINGTON, June 27 (Reuters) - The U.S. Supreme Court blocked an Environmental Protection Agency regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states, handing a victory on Thursday to three Republican-led states and the steel and fossil-fuel industries that had challenged the rule.
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