Subsidiary

Kazakhstan confirms nationalization of ArcelorMittal subsidiary after mine fire kills at least 32

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LONDON — Kazakhstan confirmed the nationalization of ArcelorMittal Temirtau which operates the country’s largest steel plants and several coal and ore mines following a coal mine fire that killed on Saturday, according to emergency services, at least 32 workers while another 14 remained unaccounted for. Some 252 people were working at the Kostenko coal mine … Read more

Shares in Walmart’s Mexico subsidiary drop after company is investigated for monopolistic practices

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Shares in Walmart’s Mexico subsidiary have dropped about 3.3% after Walmart de Mexico announced it is being investigated for alleged monopolistic practices MEXICO CITY — Shares in Walmart’s Mexico subsidiary dropped about 3.3% Monday after Walmart de Mexico announced it is under investigation for alleged monopolistic practices. Analysts said it was not clear what regulators … Read more