03:51 AM EDT, 08/01/2024 (MT Newswires) -- Gerdau ( GGB ) reported late Wednesday Q2 adjusted net income of 945 million Brazilian reais ($167 million), down from 2.14 billion reais a year earlier. Analysts polled by Capital IQ expected 855.6 million reais. Net sales for the quarter were 16.62 billion reais, down from 18.27 billion reais a year earlier. Analysts...

Aug 1 (Reuters) - Nippon Steel Corp ( NISTF ): * NIPPON STEEL ( NISTF ) VICE CHAIRMAN: WE BELIEVE WITH A HIGH DEGREE OF CERTAINTY THAT WE CAN COMPLETE PLANNED ACQUISITION OF U.S. STEEL * NIPPON STEEL ( NISTF ) VICE CHAIRMAN: STEADY PROGRESS IS BEING MADE IN THE REVIEW OF U.S. STEEL DEAL BY U.S. AUTHORITIES * NIPPON...

03:59 AM EDT, 08/01/2024 (MT Newswires) -- ArcelorMittal ( MT ) reported Q2 earnings Thursday of $0.63 per diluted share, down from $2.20 a year earlier. Four analysts polled by Capital IQ expected $0.74. Revenue for the quarter ended June 30 was $16.25 billion, compared with $18.61 billion a year earlier. Analysts surveyed by Capital IQ expected $16.35 billion. Price:...

Exxon Mobil Corp ( XOM ) and its partner CNOOC Ltd have filed arbitration claims, asserting their right of first refusal to any sale of Hess Corp ( HES )‘s stake in a Guyana oil-producing joint venture. This move could potentially hinder Chevron Corp ( CVX )‘s proposed $53 billion acquisition of Hess. The arbitration panel is now expected to...