Bloomberg Business Secretary Sajid Javid declined to rule out a temporary nationalization of Tata Steel’s U.K. operations, while reiterating the government would prefer not to do so. “I don’t think nationalization is a solution for this,” Javid told BBC Television’s “Andrew Marr Show” on Sunday. “I also think it wouldn’t be prudent to rule anything out.” The British government is ...

Port Talbot, Wales / Reuters The closure of Tata Steel’s operations in Britain would leave a hole in manufacturers’ supply chains, dealing a blow to thousands of smaller firms across the country and creating a logistical headache for the car industry. India’s Tata Steel, Britain’s biggest producer, put all of its operations up for sale, including the country’s largest steelworks ...

Bucharest / Reuters Romanian state-owned power producer Hidroelectrica expects to finally exit its insolvency process by next month, and aims to sell a minority stake in an initial public offering by November, its manager told Reuters on Sunday. Romania’s largest and cheapest power producer has been run by a court-appointed manager after it became insolvent for the second time in ...