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Stock Market & Financial Investment News

News Breaks
September 26, 2012
07:18 EDTSKM, PKXSK Telecom to sell most of POSCO stake, Reuters reports
South Korea’s SK Telecom (SKM) will sell part of its stake in steelmaker POSCO (PKX) for $390.66M, leaving it with a 1.42% stake after the sale, reports Reuters. Reference Link
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May 10, 2013
05:57 EDTPKXPosco's delayed $12B India steel project helped by court order, Reuters reports
In India, Posco's planned $12B project received a boost after a top court said the federal government will decide on giving the South Korean steelmaker's long-delayed plant preferential access to iron ore, reports Reuters. Posco has waited eight years to get necessary clearances, land and an iron ore mining license to start work on the project, called India's largest foreign direct investment. Reference Link

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