German steelmaker aims to benefit from China's restructuring
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German steelmaker Georgsmarienhuette GmbH plans to play a part in the modernisation of China's former industrial heartland in the northeast, the company's new representative in Beijing said on Sunday.
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German Chancellor Gerhard Schroeder began a three-day visit to China Monday seeking further trade and to have the country revalue its currency.
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The head of the world's largest instant noodle manufacturer is trying to transform what was one of Asia's most influential overseas Chinese operations.
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The steelmaker faces serious headwinds, but it has the resources to batten down the hatches.
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DaimlerChrysler (DCXGn.DE)   shareholder DWS has called on the carmaker's management to  consider a spin-off of the firm's ailing U.S. Chrysler unit as  an option as it gets ready to unveil its latest restructuring  plan for Chrysler, a German newspaper reported.
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German automaker Volkswagen AG would fight for its dominant position in the promising Chinese market by introducing new models, its chairman Bernd Pischetsrieder said Tuesday.
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Mittal Steel said it had signed a deal to take a 37 percent stake in one of China's leading steelmakers, giving the group its first production platform in the world's fastest growing steel market.
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Labour conflict looks set to boil over in the German automobile sector in the coming weeks as car makers such as Volkswagen and Opel seek to impose rigorous belt-tightening measures as an answer to chronically weak demand.
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Europe's two biggest steelmakers, ArcelorMittal SA and ThyssenKrupp AG, were upbeat about weathering any global downturn this year, saying Wednesday they expected strong steel demand and higher prices to cover soaring costs.
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Shanghai Automotive Industry Corporation, China's largest carmaker, is consolidating its assets into a new company as it considers listing its shares abroad.
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German Chancellor Gerhard SchrÃ¶der arrived in Beijing on Monday for a three-day visit focusing on expanding trade ties and the European Unionâs ban on arms sales to China.
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Germany's largest steelmaker,  ThyssenKrupp , will go through with the 2.3 billion  euro ($3.04 billion) construction of a downstream steel mill in  the United States irrespective of whether it can acquire  Canada's Dofasco.
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German Foreign Minister Frank-Walter Steinmeier is to hold talks with his Chinese counterpart, Yang Jiechi, in Berlin on Tuesday. via Deutsche Welle
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A once-ailing heavy industry is now in heavy demand. The next step? Global consolidation. For the last decade, much of the West&#39;s steel industry has been in the doldrums.
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Seven years ago, after Lakshmi Mittal took his fledgling steel group public, he was asked how he could compete in a global industry undergoing huge upheavals.
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The Chinese government asked the nation&#39;s biggest carmaker and largest coal miner to add domestic share sales to overseas initial public offerings to help boost a stock market that lost
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.