U.S. Steel says Union cannot Block Companys Sale

Aug 17 Reuters U.S. Steel said on Thursday that its labor agreement with United Steel Workers USW does not afford the union the right to veto a sale of the company that may arise from its recently announced strategic review. U.S. Steel39;s statement came after USW said this week it would only back ClevelandCliffs Inc as a suitor for […]
Read More

Chiles Codelco at Risk of Insolvency as Debt Grows, CESCO

LONDON, Aug 17 Reuters Chile39;s Codelco, the world39;s largest copper producer, is at risk of insolvency due to rising costs and a growing debt pile stemming from projects that missed output targets, Chiles Centre for Copper and Mining Studies CESCO said in a report seen by Reuters. In a rare intervention, the influential industry body […]
Read More

UBS Names 21 Country Heads Across EMEA Region Memo

ZURICH, Aug 17 Reuters UBS has appointed or confirmed 21 country heads across the Europe, Middle East, and Africa EMEA region, according to an internal memo seen by Reuters on Thursday. Five of the positions will be filled by employees from recently acquired Credit Suisse, the memo sent to employees by executive board member Beatriz Martin […]
Read More