Basic Materials


U.S. launches probe of imports of certain carbon, steel plates

WASHINGTON, April 29 The U.S. Department of Commerce said on Friday it had launched trade investigations into imports of certain carbon and alloy steel cut-to-length plate from a number of countries, including Brazil, China and Korea.

30 Apr 2016

UPDATE 1-China's Hunan Dakang buys control of Brazil grains trader Fiagril

SAO PAULO, April 29 Brazilian grains company Fiagril Participações SA sold a controlling stake to China's Hunan Dakang Pasture Farming Co Ltd, a unit of Shanghai Pengxin Group Co, the Brazilian company said on Friday.

30 Apr 2016

UPDATE 1-German industrial workers down tools in dispute over wages

FRANKFURT/POTSDAM, April 29 More than 100,000 workers in the German metals and electrical industries staged walkouts across the country on Friday after labour union IG Metall rejected a wage offer for the 3.8 million employees it represents.

30 Apr 2016

Russia's Uralkali raises $1.2 bln loan from syndicate of banks

MOSCOW, April 29 Russia's Uralkali, the world's largest potash producer, has signed a loan agreement with 16 international banks for $1.2 billion, the company said on Friday.

29 Apr 2016

UPDATE 3-China's Baosteel Group says U.S. Steel accusations groundless

SHANGHAI/MANILA, April 29 China's Baosteel Group said on Friday that accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and vowed to protect its legal rights.

29 Apr 2016
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Vodafone picks BofA, Kotak, UBS, other banks for India IPO - sources

SINGAPORE/HONG KONG, British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its long-awaited listing plan.