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Tata Steel $13b debt in focus on Thyssenkrupp rupture

Bloomberg The collapse of Tata Steel Ltd’s planned joint venture with Thyssenkrupp AG has brought the Indian group’s more than $13 billion of debt in focus, with no immediate prospect of its European unit being hived off. The deal would have transferred some of the debt to the joint venture, allowing the Mumbai-based company to sharpen its focus on ramping ...

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SoftBank market value slides $9 billion as Uber IPO flops

Bloomberg As his company booked a $3.8 billion gain from its stake in Uber Technologies Inc, Masayoshi Son told SoftBank Group Corp investors that their time had finally come. Instead, they’re still waiting. The day after Son’s earnings presentation, SoftBank slid 5.4 percent and fell again on Monday, as dropping as much as 4.9 percent. Uber’s initial public offering was ...

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Nissan pushes back Renault’s renewed efforts to merge

Bloomberg Nissan Motor Co is opposing renewed efforts by alliance partner Renault SA to merge under a holding company because such a structure won’t help turn the Japanese carmaker around, a person with knowledge of the discussions said. Talks have been ongoing since Renault Chairman Jean-Dominique Senard first made an informal proposal to Nissan Chief Executive Officer Hiroto Saikawa, the ...

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