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THYSSENKRUPP AG NEWS
Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeupThyssenkrupp Steel Europe will cut 11,000 jobs by 2030. The German steelmaker will also reduce production. The company blames cheaper Asian...- Tata Steel shares jump 7%; here's whyEdelweiss expects the performance of Tata Steel to improve further due to higher spreads and better product mix.
- Sweden's SSAB eyes Tata Steel's Europe business as Thyssenkrupp's back-up plan: Bloomberg“SSAB is holding preliminary talks with Tata Steel of India as it seeks merger options,” the report said quoting persons familiar with the ...
- European shares gain on oil boost as economies reopenThe pan-European STOXX 600 rose 1.8 per cent by 0710 GMT.
- Tata faces $14 billion in auto debt and a slowdown in ChinaTatas bought JLR in 2008 for $2.3 bn, and it’s lately become a drag on the salt-to-software conglomerate.
- Guido Kerkhoff appointed Chairman of thyssenkrupp AG's Executive BoardGuido Kerkhoff will run the company until the Supervisory Board has completed the structured process of finding a successor for Dr. Heinric...
- Indian billionaires are back on world dealmaking stage: ReportIt's hard to predict the timing, but bankers should be getting ready to say hello to big Indian billionaires. They're surely coming back.
- Tata Teleservices to sell its wireless mobile business to Bharti AirtelThe business along with its around 40 million customers will be transferred on a cash free, debt-free basis for some consideration.
- German Election campaign shaken up by Thyssenkrupp-Tata dealThe headquarters of the new venture will shift to the Netherlands, and the move could see 4,000 steel jobs cut from a combined workforce of...
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