Thursday 24 July 2014

French groups to sell $452m UK assets to Mittal

Cement maker Lafarge and miner Anglo American have agreed to sell British assets for up to £285 million ($452 million) to Indian steel tycoon Lakshmi Mittal, thus clearing the way for a building materials joint venture in the country.


Fortunes of UK's richest rise to record high

Britain's wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons' earnings and savings were squeezed by inflation and low interest rates. T


StanChart sees 30pc growth in commodity trade

Standard Chartered expects to post a 30 per cent year-on-year growth in its commodity trading revenue in 2011 on strong demand from its clients in Asia, Africa and the Middle East, a senior company official said on Thursday. The bank is al


Mittal family tops UK rich list

Steel magnate Lakshmi Mittal's family members have once again topped the list of Britain's wealthiest people with a fortune of £17.5 billion ($28.6 billion), according to  Sunday Times newspaper. The newspaper is set to release in its


ArcelorMittal plans to invest $5-10bn in Indonesia

The world's largest steelmaker, ArcelorMittal, said on Thursday it is looking to invest up to $10 billion in Indonesia as it taps into the country's steel and mining sector. As part of its investment plans for Southeast Asia's top economy,

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