Monday, 13 May 2013

Tata Steel writes down value of European assets



India's Tata Steel, one of the world's biggest steelmakers, has announced a $1.6bn (£1bn; 1.34bn euros) writedown on the value of its European assets. The company, which paid $13.7bn for Anglo-Dutch steelmaker Corus in 2008, blamed weak European markets. via Pocket http://www.bbc.co.uk/news/business-22518044#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

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