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Top related persons:
Chris Helgren - 1 Glencore - 1 Major steelmakers - 1 Teck - 1 JFE - 1 Jonathan Price - 1 Price - 1 Divya Rajagopal - 1
Top related locs:
Teck Toronto , Ontario Canada Canada's Teck Russia JFE Tokyo Australia
Top related orgs:
Teck Resources - 1 Developers Association of Canada - 1 REUTERS - 1 Rights - 1 JFE Steel Corp - 1 Canada's Teck Resources - 1 Japan's Nippon Steel - 1 JFE Steel - 1

Search resuls for: "JFE"


3 mentions found


☆ Exclusive: Japan's JFE Steel eyes stake in Teck's coal business -sources
  + stars: | 2023-10-19 | by ( Divya Rajagopal Neha Arora | Divya Rajagopal | Neha Arora | ) www.reuters.com   time to read: +3 min
It was unclear what stake JFE was seeking or what price it was offering. Japan's Nippon Steel (5401.T) has previously said it was looking to buy a 10% stake in Teck's coal business for C$1.15 billion, valuing the overall business at about C$11.5 billion, with an option of increasing its stake to 17.5%. Glencore has said it will consider buying the coal business for about $8.5 billion. JFE Steel holds 15% equity in India's JSW Steel (JSTL.NS), which was also exploring an investment in Teck's coal business. Price said the company had two options -- a 100% sale of the coal business for cash or a partial sale of the coal business, with proceeds going to growing the copper business.
Persons: Chris Helgren, Glencore, Major steelmakers, Teck, JFE, Jonathan Price, Price, Divya Rajagopal, Neha Arora, Denny Thomas, Nick Zieminski, Rod Nickel Organizations: Teck Resources, Developers Association of Canada, REUTERS, Rights, JFE Steel Corp, Canada's Teck Resources, Reuters, Japan's Nippon Steel, JFE Steel, JSW, Thomson Locations: Teck, Toronto , Ontario, Canada, Canada's Teck, Russia, JFE, Tokyo, Australia, Swiss, Toronto, India
☆ Asian stocks edge lower amid gloomy China data as US CPI looms
  + stars: | 2023-05-09 | by ( Kevin Buckland | ) www.reuters.com   time to read: +4 min
TOKYO, May 9 (Reuters) - Asian stocks eased back from more than two-week highs on Tuesday as traders squared positions heading into a key U.S. inflation report, while gloomy Chinese trade data also kept risk sentiment in check. Mainland Chinese blue chips (.CSI300) turned lower after early gains, with the benchmark CSI 300 dropping 0.8%. "So when you have some trend data which is not as good as people expect, it raises doubts," he said. "The surprise lies on the downside" for the inflation data, particularly the risk of a drop below 5%, said Tony Sycamore, a market analyst at IG markets. Brent crude was down 30 cents at $76.71 and U.S. West Texas Intermediate (WTI) crude fell 26 cents to $72.90.
☆ Asian stocks edge lower, dollar firm as US inflation data looms
  + stars: | 2023-05-09 | by ( Kevin Buckland | ) www.reuters.com   time to read: +4 min
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), though, slipped 0.3%, erasing part of Monday's 0.9% rally. Hong Kong's Hang Seng (.HSI) dropped 0.4%, while Australia's benchmark (.AXJO) lost 0.2% and South Korea's Kospi declined 0.4%. Investors were mostly unmoved by Chinese data showing exports surged last month while imports eased. "The surprise lies on the downside" for the inflation data, particularly the risk of a drop below 5%, said Tony Sycamore, a market analyst at IG markets. The dollar index , which measures the currency against six major peers, was little changed after earlier rising overnight from near the bottom of its trading range since the middle of last month.
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