Showing results for "Schnitzer Steel"
business
EU Sees Legal Grounds to Use Seized Russian Central Bank AssetsWelcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.The EU may have the legal authority to temporarily leverage an estimated €33.8 billion of Russian central bank assets to help pay for rebuilding Ukraine — a task the World Bank estimates will cost at least $350 billion. The bloc’s Council Legal Service told diplomats that such a plan is legally feasible, as long as the assets aren’t expropriated and certain conditions are met, we hJanuary 27, 2023
markets
Steelmaker Results May See Lower Forecasts But Risk Is Less, TooSteelmakers aren’t expected to do well when reporting first quarter earnings, and some are even expected to cut their annual guidance. But recent sell-offs in some equities have probably already priced-in this downside risk.April 22, 2019
markets
Hedge Fund Hidden Gems Lurk Deep Inside the 13Fs: Taking StockThere’s a lot of red on the screens this morning, and it just got to be a darker shade the second Chinese supercap Tencent (TCEHY is the ADR) came out with their numbers. And they weren’t good -- net income whiffed the estimate by ~1.4 billion yuan for its first profit drop in at least a decade -- and the tech sector is feeling it early on as ADRs for the other members of "BAT" (Alibaba and Baidu) are down ~3% while JD.com, referred by some as the "Amazon of China," is sliding 5% ahead of earninAugust 15, 2018