Brazil firm makes Corus approach
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Brazilian steel group CSN may try to trump rival Tata after making a takeover approach to Anglo-Dutch firm Corus.
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Russia pledged to help Brazil become a commercial space power as the two countries laid foundations for a strategic partnership in a wide range of business and economic sectors.
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Tata Steel of India has bought Anglo-Dutch producer Corus for 13.7 billion dollars, beating Brazilian rival CSN in an auction that highlighted the growing global clout of emerging market companies.
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Russian steel firm Severstal   is mulling a bid for Anglo-Dutch rival Corus  ,  just days after its merger attempt with Luxembourg&#039;s Arcelor   was derailed, dealers said on Wednesday.
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LONDON (Dow Jones/AP) -- Corus Group PLC, one of the world&#39;s largest makers of steel, Thursday reported a profit for the first time in its five-year history.
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STEEL group Corus unveiled profits for the first time yesterday after soaring prices and a restructuring boosted the former British Steel business.
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Sifting through the best investments Brazil has to offer.
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Corus Group Plc, the UK&#39;s biggest steelmaker, reported its first profit and revived plans to sell 500 million euros ($608 million) of bonds to refinance debt after it benefited from higher steel prices and cost cuts.
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Japanese steel maker Nippon Steel Corp.  and Brazilian mining giant Companhia Vale do Rio Doce  said on Monday they had agreed to strengthen their strategic alliance and were considering further projects together such as the joint development of coal and iron ore.
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Brazilian steelmaker CSN  said on Monday it had agreed to buy Anglo-Dutch rival Corus  for 4.9 billion pounds ($9.6 billion), trumping an offer from India's Tata Steel  announced only hours before.
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Brazilian steel maker CSN raised the stakes yesterday in the takeover war for Britain's Corus Group PLC with a $9.6 billion bid that topped a sweetened offer by Tata Steel of India.
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LONDON/MUMBAI  - Brazilian steelmaker CSN  has agreed to buy Anglo-Dutch rival Corus Group  for 4.9 billion pounds ($9.6 billion) in cash, trumping an offer agreed only hours earlier with India's Tata Steel .
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Anglo-Dutch steel producer Corus yesterday reported its first profit since it was formed by the merger of British Steel and Hoogovens almost five years ago.
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A fresh bidding war for Anglo-Dutch steelmaker Corus has erupted when Brazilian group CSN offered about 5.8 billion pounds (8.6 billion euros, 11.3 billion dollars) shortly after Corus had accepted a lower bid from Tata Steel of India.
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The company may be hinting at going public.
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Sifting through the best that Brazil has to offer.
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Attempts by competing Indian and Brazilian steelmakers to acquire the Anglo-Dutch steel producer Corus Group developed into a full-fledged bidding war today.