Archive for February 6th, 2009
Brown warns banks on bosses’ pay
The Prime Minister has insisted there should be "no reward for failure" at banks which have had to be bailed out by the taxpayer.
Gordon Brown was speaking after reports Royal Bank of Scotland is considering awarding large bonuses, despite expectations of huge annual losses.
However Mr Brown stopped short of saying the government would impose [...]
Posted: February 6th, 2009 under Off Topic.
Comments: none
EU targets suspected cartel of steel companies
The European Union’s antitrust regulators are investigating a suspected cartel among a number of producers of steel wire and rods, known as prestressing steel.
The European Commission said in a statement on Thursday it suspected the companies of "participation in a cartel in violation of EU rules on restrictive business practices."
It did not name any of [...]
Posted: February 6th, 2009 under Steel News.
Comments: none
Eurofer says EU steel faces unprecedented downturn
BRUSSELS/LONDON, Feb 5 (Reuters) - The European Union steel market is facing "an unprecedented downturn" this year, with no respite seen until 2010, European steel confederation Eurofer said on Thursday.
"The significant deterioration in economic fundamentals since autumn 2008 is fully reflected in the outlook for the EU steel using industries," a Eurofer statement said.
The EU’s [...]
Posted: February 6th, 2009 under Steel, Steel Comment, Steel International.
Comments: 2