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Oao Severstal

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  • Business

2009 could be worse than Great Depression

Increasing bond yields for companies, while the yields on government securities are falling, seem to indicate rising probability of corporate defaults in 2009. Moody's, the credit rating agency,......

Ruias, L N Mittal cross swords over Bulgarian firm

The Ruias of the Essar group have decided to get into yet another takeover battle. And this time they are taking on none other than Lakshmi Narayan Mittal, the owner of world's largest steel......

Esmark-Essar deal faces Severstal heat

Russian metals firm OAO Severstal has turned the heat on US steelmaker Esmark for rejecting its $1.24 billion takeover bid in favour of Essar Steel, terming it a "questionable transaction" and......

Essar Stelco bid shortlisted

Essar Global, the overseas investment arm of the Essar Group, has been shortlisted along with two other bidders for the acquisition of North American steel maker Stelco. The other two companies in......

Arcelor, Mittal press meet today

Arcelor and LN Mittal will hold a press conference on Monday at Arcelor's headquartersin Luxemoburg at 5.30 pm (IST)on Monday to highlight the broader issues that led to one of the biggest mergers......

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