BRUSSELS (Reuters) – ArcelorMittal (ISPA.AS: Quote, Profile, Research, Stock Buzz), the world’s largest steelmaker, forecast higher profit in the second quarter after improving U.S. sales in the first three months offset anaemic European operations to push earnings ahead of expectations.
The Luxembourg-based company said demand grew in North America in the automotive, construction and earth-moving equipment and white goods sectors.
STOCKHOLM (Reuters) – In a matter of milliseconds Usain Bolt’s aura of invincibility was shattered, not by a rival sprinter but by two sharp cracks of the starter’s pistol.
Bolt’s disqualification from the world 100 metres final last year not only cast a shadow over the championships in Daegu, but put the sport’s draconian false start rule firmly in the firing line.
STOCKHOLM, May 8 (Reuters) – In a matter of milliseconds
Usain Bolt’s aura of invincibility was shattered, not by a rival
sprinter but by two sharp cracks of the starter’s pistol.
Bolt’s disqualification from the world 100 metres final last
year not only cast a shadow over the championships in Daegu, but
put the sport’s draconian false start rule firmly in the firing
LUXEMBOURG, May 8 (Reuters) – ArcelorMittal’s
planned steel plant investments in India are likely to be
stalled for years, the company’s chief executive said on
“We continue to experience difficulties in India. My belief
is that the Indian projects may not see the light for five to 10
years,” Lakshmi Mittal told the company’s annual shareholder
BRUSSEL/PARIS, May 2 (Reuters) – No decision has yet been
taken about the future leadership of bailed-out Franco-Belgian
lender Dexia, the company’s chief executive said in a
statement, denying a number of Belgian media reports.
Belgian business dailies De Tijd and L’Echo reported on
Wednesday that the Belgian government wanted to appoint Karel De
Boeck, the former head of another rescued group, Fortis, as
BRUSSELS (Reuters) – Belgium’s economy returned to growth in the first quarter and was not in recession in the second half of 2011 as initially thought, data showed on Wednesday, in an encouraging sign for the broader euro zone.
Gross domestic product grew 0.3 percent in the first quarter from the last three months of 2011 and by 0.5 percent compared with same period last year, Belgium’s central bank said.
BRUSSELS (Reuters) – Unemployment in the euro zone rose to a 15-year high of 10.9 percent in March, driven by lay-offs in Italy and Spain, and economists said worse was to come as the impact of the debt crisis extracts an ever greater toll.
The jobless rate in the 17 nations using the single currency increased by a tenth of a percentage point from February, as expected by economists polled by Reuters, the EU’s statistics office Eurostat reported on Wednesday.
BRUSSELS, April 26 (Reuters) – Bailed out Franco-Belgian
bank Dexia SA may need fresh capital at some point,
but is not in urgent need of funds to stay afloat, Belgium’s
central bank governor told a parliamentary committee, according
Bank governor Luc Coene spoke on Wednesday to a hearing of
the finance committee, some of which was held behind closed
BRUSSELS, April 18 (Reuters) – Heineken, the
world’s third-largest brewer, sold more beer than expected in
the first quarter and persuaded consumers to switch to premium
brands, helping its shares to a four-year high.
Europe’s largest beermaker said on Wednesday beer volume
grew 4.7 percent on a like-for-like basis, with revenue up 6.8
percent. Volume growth was more than double the rate the market
BRUSSELS (Reuters) – Oil prices at record levels in euro terms are threatening to rock the euro zone’s economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.
Standard estimates of the impact of oil prices on the euro zone economy are that a 10 percent price hike dents annual growth by some 0.2 percent in the ensuing three years, with disagreement over whether the hit is greater at the start or at the end.