Russia’s steel industry is emerging as a new pain point for the Kremlin, with major producers beginning to shut capacity in the face of slowing domestic demand and limited export options https://t.co/6ViDlzh2et ...

Potrafki highlighted the income statement’s main cost drivers—material costs of around EUR 5.8 billion, personnel expenses of EUR 1.9 billion, and other operating expenses of EUR 1.5 billion—and said lower material costs helped offset the sales decline. She also noted that depreciation and amortization comparisons were influenced by impairments recorded in 2024 related to Mannesmann Precision Tubes and HKM.Despite the lower revenue base, Potrafki said the company stabilized earnings through cost and cash me ...

Core Viewpoint - Salzgitter AG reported a narrower loss for fiscal 2025 compared to the previous year, despite weak net sales, and maintained its dividend payout [1][4] Financial Performance - The net loss for fiscal 2025 was 74.2 million euros, or 1.37 euros per basic share, down from a loss of 352.2 million euros, or 6.51 euros per basic share, in the previous year [4] - Earnings before interest and taxes (EBIT) improved to 58.6 million euros from a loss of 179.1 million euros last year, with EBIT VX at 88 million euros [4] - EBITDA for the year was 376.3 million euros, down from 445.2 million euros in the previous year, while EBITDA VX was 406.0 million euros [6] - Revenue declined to 8.98 billion euros from 10.01 billion euros, primarily due to lower average steel product prices and the deconsolidation of the stainless tubes group [6] Cost Management and Strategic Focus - The company achieved significant cost-cutting effects in fiscal 2025, with a profit improvement program delivering 129 million euros in additional cost savings [6] - CEO Gunnar Groebler emphasized a focus on cost-cutting, restructuring, and active portfolio measures in response to economic challenges, high energy prices, and trade policy uncertainties [3] Future Outlook - For fiscal 2026, Salzgitter expects revenues around 9.5 billion euros, with EBITDA VX projected between 500 million euros and 600 million euros, and EBT VX between 75 million euros and 175 million euros [7] - The company proposed a dividend payout of 0.20 euros per share, consistent with the previous year [3]

Core Viewpoint - The escalating tensions in the Middle East and rising crude oil prices have led to a significant decline in the Indian stock market, particularly affecting the Sensex and Nifty indices [4][6]. Market Performance - The BSE Sensex fell by 1,555.62 points, or 2%, to 72,977.34, while the NSE Nifty dropped by 479.95 points, or 2%, to 22,634.55 during early trade [5]. - Major laggards among the Sensex firms included Tata Steel, State Bank of India, Bajaj Finance, Bharat Electronics, Titan, and Adani Ports, with HCL Tech being the only firm to gain [5]. Global Market Impact - The bearish trend in global equity markets, coupled with continuous foreign fund outflows, has heightened investor concerns regarding Indian equities [6]. - Asian markets, including South Korea's Kospi and Japan's Nikkei 225, experienced significant declines, with Kospi dropping nearly 6% [8][9]. Geopolitical Factors - The ongoing conflict in the Middle East, particularly the tensions between the US and Iran, has raised fears of potential supply disruptions in global energy markets, impacting investor sentiment [10]. - Brent crude oil prices increased by 0.62% to $112.9 per barrel, reflecting the heightened geopolitical risks [7]. Foreign Investment Trends - Foreign Institutional Investors (FIIs) sold equities worth Rs 5,518.39 crore on Friday, while Domestic Institutional Investors (DIIs) purchased stocks worth Rs 5,706.23 crore [11]. - In total, foreign investors have withdrawn Rs 88,180 crore (approximately $9.6 billion) from Indian equities this month [11].

Equity benchmarks fell sharply in early trade on Monday as escalating geopolitical tensions in the West Asia triggered a broad-based sell-off, with investors fleeing risk assets amid fears of oil supply disruptions through the Strait of Hormuz.The BSE Sensex, which closed at 74,532.96 on Friday, opened at 73,732.58 and fell to 73,231.48 — down 1,301.48 points or 1.75 per cent — by 9.32 am. The NSE Nifty50, which ended the previous session at 23,114.50, opened at 22,824.35 and slid further to 22,700.65, a lo ...

Market Overview - Indian stock markets experienced a significant decline, with Sensex dropping nearly 1,436 points to 73,097 and Nifty 50 falling over 430 points to 22,681, resulting in a loss of nearly Rs 5 lakh crore in total market capitalization, bringing it down to Rs 424 lakh crore [1][22] - All 30 constituents of Sensex were in the red, with major losses from Tata Steel, State Bank of India (SBI), HDFC Bank, Bajaj Finance, Titan, and Mahindra & Mahindra (M&M), which fell 2-3% [1][22] - On the NSE, all sectoral indices were negative, with Nifty Metal and Nifty PSU Bank indices being the top losers, each declining more than 3% [2][22] Key Factors Influencing Market Decline - The ongoing war between Iran and the US-Israel escalated, with threats exchanged between leaders, raising concerns about further conflict in the Middle East [6][22] - Oil prices surged to $113 per barrel due to the conflict, with the effective closure of the Strait of Hormuz, a critical passage for over 20% of the world's oil supply [8][22] - The Indian rupee fell to a record low of 93.84 against the US dollar, exacerbated by rising oil prices and persistent foreign institutional investor (FII) selling [10][22] - Foreign investors have been selling Indian equities for 16 consecutive sessions, with net sales of Rs 5,518 crore reported on Friday [12][22] - Rising US bond yields, with the 10-year Treasury yield crossing 4.4%, have made government securities more attractive compared to equities, putting additional pressure on stock markets [13][22] Technical Analysis - Nifty 50 has found support at the 22,950-23,000 range, but has fallen below these levels, indicating potential bearishness [18][23] - The index formed a Doji candle on the weekly chart, signaling strong selling pressure and a bearish bias in both the short and medium term [19][23] - A move below last week's low could lead to further declines, with potential support areas identified at 22,700–22,400 [20][23]

Generic Drug Launch - At least seven major drugmakers have launched generic versions of semaglutide following the expiration of its patent, with a total of eight branded generic versions announced for obesity and diabetes indications [1] Tax Demand Notices - State Bank of India has received an income tax demand notice of Rs 6,337.5 crore, which it plans to challenge [2] - Tata Capital has received a reassessment order demanding Rs 413.18 crore for the financial year 2017-18, including interest of Rs 202.72 crore [7] Investment and Fund Infusion - Kotak Mahindra Capital Company will divest 30.99% of its shareholding in Infina Finance for approximately Rs 1,294 crore [3] - Ashok Leyland's board has approved an investment of up to GBP 30 million (about Rs 375 crore) in its UK subsidiary, Optare Plc [8] - Devyani International DMCC has approved an investment of THB 1,210 million (Rs 347.3 crore) to strengthen the balance sheet of Restaurants Development Co Ltd [9] Expansion and Innovation - Wipro Ltd has launched its Wipro AI-Data Centre solution to accelerate AI adoption and modernize data center environments [4] - Infosys and Formula E have launched an AI-powered Race Centre to enhance the race-day experience for fans [5] - BharatRohan Airborne Innovations Ltd is expanding its dealer network to grow its drone services and bio-products business [12] - Varroc Engineering has initiated the Eureka Challenge 3.0 to engage engineering minds in solving mobility challenges [11] Mergers and Demergers - Thomas Cook (India) Limited has approved a proposal to demerge its Resorts and Resort Management business into Sterling Holiday Resorts Ltd [13] - Veranda Learning Solutions is moving forward with its proposed commerce vertical demerger and separate listing of J.K. Shah Commerce Education Limited [14] Order Wins - RailTel Corporation of India Ltd has received a Letter of Acceptance for a manpower outsourcing order valued at Rs 24.53 crore [17] - Airfloa Rail Technology has secured an order worth Rs 22.91 crore for the Chennai Metro Rail Project [18] - DCX Systems Limited has received an order for Maritime Patrol Radar Systems valued at Rs 563.45 crore [19] - Simplex Castings Ltd has won an order from SMS Group valued at Rs 23.13 crore [21] - Ceigall Infra Projects has emerged as the L1 bidder for a construction order from the National Highways Authority of India worth Rs 603 crore [22]

-An hour north of the line dividing the U.S. and Canada, in a small town called Knowlton, the cross-border relationship feels fragile. -We love the American people, but we're also defensive about our economy and want to. want to support Canadian business, which we feel might be under attack right now.-Having family in the United States as well makes things a little precarious right now. -Since President Trump imposed new tariffs on imports from Canada, the relationship has soured. Canadian imports from the ...

Economic Impact - Canadian imports from the U.S. have decreased, causing Canada to fall from the largest buyer of U.S. goods to the second position, behind Mexico [2] - The Canadian economy is projected to lose around 2% of its GDP due to the new trade environment, with February's jobs report indicating the highest job losses in over four years, raising unemployment from 6.5% to 6.7% [4][5] - Real GDP in Canada contracted in 2 of the 4 quarters of 2025, with an annual growth rate of just 1.7%, the slowest since the COVID-19 pandemic [6] Sectoral Analysis - The sectors most affected by U.S. tariffs include autos, steel, aluminum, copper, and forestry, which are considered strategically important [5][6] - Canadian businesses are facing significant tariff costs, with one CEO reporting monthly tariffs of approximately $6 to $7 million, translating to nearly $250 to $275 per ton for shipping products to the U.S. [14] Trade Relations - There is a growing sentiment among Canadians that the U.S. is no longer a reliable ally, with over half of respondents in a political poll expressing this view [7] - The upcoming review of the USMCA (CUSMA) in July raises questions about future trade agreements, with discussions about potential agreements between Canada and Mexico bypassing the U.S. [23][25] - A robust trading relationship between Canada and the U.S. is deemed essential, as both countries have much to offer each other [26]

Core Viewpoint - Ternium S.A. has announced its annual general meeting of shareholders scheduled for May 12, 2026, where shareholders can exercise their voting rights regarding the company's shares [1]. Group 1: Meeting Details - The annual general meeting will take place at Ternium S.A.'s registered office in Luxembourg at 9:00 a.m. CET [1]. - Shareholders holding American Depositary Shares (ADSs) as of March 30, 2026, are entitled to instruct The Bank of New York Mellon Corporation on the exercise of their voting rights [1]. Group 2: Document Availability - Important documents related to the meeting, including the Notice and Agenda, Shareholder Meeting Brochure, Proxy Statement, and the 2025 Annual Report, are available on Ternium's website [2]. - These documents can also be obtained free of charge at Ternium S.A.'s registered office in Luxembourg from March 20, 2026, during specified hours [3]. - Shareholders registered in the share register can request electronic copies of these documents via email at no cost [3]. Group 3: Company Overview - Ternium is recognized as a leading steel producer in the Americas, supplying advanced steel products to various manufacturing industries and the construction sector [4]. - The company is committed to investing in low carbon emissions steelmaking technologies to facilitate the energy transition and future mobility [4]. - Ternium also focuses on community development, particularly through educational programs in Latin America [4].