• Most Popular
  • Most Shared

Baosteel source says unaware of move on BHP stake

Wed Apr 9, 2008 1:22am EDT

Stocks

   

SHANGHAI, April 9 (Reuters) - A source close to top management at China's Baosteel Group said on Wednesday that he was not aware of any move to buy a stake in global miner BHP Billiton (BHP.AX)(BLT.L).

"If Baosteel has any plan (to do this) then I should be informed, but I haven't been," the source told Reuters.

BHP shares were up 4 percent in afternoon trade in Sydney. On Tuesday, its London-listed shares jumped 4.6 percent on market talk that Baosteel Group, China's biggest steelmaker, may buy a BHP stake. (Reporting by Alfred Cang; Editing by Edmund Klamann)



More from Reuters

Incident on second NWA flight 253: officials

WASHINGTON (Reuters) - The U.S. Transportation Security Administration said on Sunday that a passenger on Northwest Airlines flight 253 from Amsterdam to Detroit has been taken into custody at the Detroit airport.

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets