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China is running out of time to cure its steel problems: Andy Home

China is frantically trying to apply the brakes to its runaway steel juggernaut. Targets are being set for capacity closures, 45 million tons nationally this year and 100-150 million tons over the next three to five years. Regional governments are heeding Beijing’s call. Yunnan province, for example, has committed to eliminate 4.5 million tons of …

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Tata Motors, Tata Steel among firms that may take Brexit hit, say analysts

Mumbai: Even as fears of Britain’s exit from the European Union (EU) are receding, in the event that Brexit—as the term is called—becomes a reality, apart from the repercussions on the market, a few Indian companies also stand to be hit, due to their exposure to the UK. According to CLSA, accounting for $48 billion …

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