"Asian Markets Mixed; Seoul Surges After Presidential Raid"
"Asian markets closed mixed today, with most experiencing declines amid uncertainty over China's stimulus and upcoming US inflation data; however, Seoul's market surged 1% following a police raid on President Yoon Suk-yeol's office."
"Asian Markets Mixed; Seoul Surges After Presidential Raid"
"Asian markets closed mixed today, with most experiencing declines amid uncertainty over China's stimulus and upcoming US inflation data; however, Seoul's market surged 1% following a police raid on President Yoon Suk-yeol's office."
Progress
24% Bias Score
Celsa's Ownership Shift and Debt Restructuring
After a legal battle, Spanish steelmaker Celsa, previously controlled by the Rubiralta family, is now majority-owned by creditors led by Deutsche Bank and Anchorage Capital following a debt-to-equity conversion; the company is now focused on debt reduction and seeking a strategic partner.
Celsa's Ownership Shift and Debt Restructuring
After a legal battle, Spanish steelmaker Celsa, previously controlled by the Rubiralta family, is now majority-owned by creditors led by Deutsche Bank and Anchorage Capital following a debt-to-equity conversion; the company is now focused on debt reduction and seeking a strategic partner.
Progress
40% Bias Score
Tata Steel's Financial Crisis Threatens Thousands of Jobs
Tata Steel in IJmuiden is facing a €556 million loss and job cuts due to cheap Chinese steel, high energy costs, and potential US import tariffs, necessitating billions in government subsidies for decarbonization while facing pressure from unions and political parties to act quickly to save thousand...
Tata Steel's Financial Crisis Threatens Thousands of Jobs
Tata Steel in IJmuiden is facing a €556 million loss and job cuts due to cheap Chinese steel, high energy costs, and potential US import tariffs, necessitating billions in government subsidies for decarbonization while facing pressure from unions and political parties to act quickly to save thousand...
Progress
52% Bias Score
Ezz Steel Plant Malfunction Causes Stock Drop, Market Loss
A major malfunction at Ezz Steel's Ain Sokhna plant, resulting in a nine-month shutdown of a furnace with a 1.6 million-ton annual capacity, caused a 9.33% stock price drop, a 5.8 billion Egyptian pound market loss, and projected impacts on Egyptian steel supply and prices.
Ezz Steel Plant Malfunction Causes Stock Drop, Market Loss
A major malfunction at Ezz Steel's Ain Sokhna plant, resulting in a nine-month shutdown of a furnace with a 1.6 million-ton annual capacity, caused a 9.33% stock price drop, a 5.8 billion Egyptian pound market loss, and projected impacts on Egyptian steel supply and prices.
Progress
36% Bias Score
Ilva Sale Delayed: Uncertainty Remains Over Steelworks' Future
The deadline for bids to acquire the former Ilva steelworks has been extended to January 10th, 2025, raising concerns about the future of the plant and its employees, while a new agreement on smart working offers some relief.
Ilva Sale Delayed: Uncertainty Remains Over Steelworks' Future
The deadline for bids to acquire the former Ilva steelworks has been extended to January 10th, 2025, raising concerns about the future of the plant and its employees, while a new agreement on smart working offers some relief.
Progress
40% Bias Score
HMRC Weighs Opposing Liberty Steel Restructuring
Britain's tax authority, HMRC, is considering opposing a court-led restructuring plan for Sanjeev Gupta's Liberty Steel, potentially resulting in significant tax losses and impacting the company's future. Negotiations are ongoing, with a creditor vote scheduled for next year.
HMRC Weighs Opposing Liberty Steel Restructuring
Britain's tax authority, HMRC, is considering opposing a court-led restructuring plan for Sanjeev Gupta's Liberty Steel, potentially resulting in significant tax losses and impacting the company's future. Negotiations are ongoing, with a creditor vote scheduled for next year.
Progress
44% Bias Score
Goldman Sachs Predicts 20%+ Gains for US Steel Producers
Goldman Sachs forecasts a 20%+ gain for U.S. steel producers Nucor, Commercial Metals, and Cleveland-Cliffs in the next 12 months due to anticipated favorable trade policies, steady demand, lower interest rates, and fiscal stimulus, despite concerns over global oversupply.
Goldman Sachs Predicts 20%+ Gains for US Steel Producers
Goldman Sachs forecasts a 20%+ gain for U.S. steel producers Nucor, Commercial Metals, and Cleveland-Cliffs in the next 12 months due to anticipated favorable trade policies, steady demand, lower interest rates, and fiscal stimulus, despite concerns over global oversupply.
Progress
52% Bias Score
Zambia's New Steel Plant
A Chinese firm commissions a new steel plant in Zambia, boosting local production and symbolizing enhanced Sino-Zambian relations.
Zambia's New Steel Plant
A Chinese firm commissions a new steel plant in Zambia, boosting local production and symbolizing enhanced Sino-Zambian relations.
Progress
0% Bias Score