Chongqing Iron & Steel Co Ltd (601005.SS)
19 Jan 2018
LONDON In 2014, a few days after she took over as chair of the U.S. Federal Reserve, Janet Yellen admitted that she could not fathom the "very worrisome" trend of weak wage growth for American workers.
* Broad economic strength may see tighter Asian monetary policy (Updates with India PMI)
* Reorganisation plan was passed by secured creditors group by voting
BEIJING China's top steel maker Baowu Steel Group Co, formed in a mega merger last year, will consider other merger and acquisition opportunities amid a government drive to consolidate the market and cut overcapacity.
* State planner pledges to cut more capacity in steel sector (Adds details and background)
* Announcement of administrator in relation to progress of reorganisation of Chongqing Iron & Steel Co