Tata Steel Seeking JV
World Economy

Tata Steel Seeking JV

India’s Tata Steel said it had entered discussions with industry players including Germany’s ThyssenKrupp over a possible joint venture for its European operations, as a potential alternative to selling off the UK business, AFP reported. Tata Steel has been considering seven bids for Tata’s UK assets, which were put up for sale in March because of a global oversupply of steel, cheap imports into Europe, high costs and currency volatility. But it said continuing questions over pensions and the “uncertainties” caused by Britain’s vote to leave the EU had caused it to look at “alternative and more sustainable portfolio solutions for the European business.”


Short URL : http://goo.gl/0JqarF
  1. http://goo.gl/e9q3Hq
  • http://goo.gl/srG4cG
  • http://goo.gl/z7lhMf
  • http://goo.gl/Tpaml8
  • http://goo.gl/U6exHR

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...