Cevian sees SSAB as healthiest steel partner for Thyssenkrupp

Activist fund Cevian, Thyssenkrupp’s (TKAG.DE) No.2 shareholder, has identified Swedish steelmaker SSAB (SSABa.ST) as the financially strongest partner for a potential steel tie-up, two people familiar with the matter said. Among the possible partners, which include Germany’s Salzgitter (SZGG.DE) and Tata Steel (TISC.NS), SSAB is the healthiest in terms of balance sheet, the sources said, […]

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Inflation-protected U.S. bonds have rallied but not everyone buys the story

A recent rush into inflation-protected U.S. Treasury bonds has sent yields to near historic lows, but not all investors are buying into the story of higher inflation ahead. Treasury Inflation-Protected Securities (TIPS) and gold have lured investors, who reckon unprecedented monetary and fiscal stimulus will eventually produce higher prices. In June alone, investors poured a […]

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