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Write‐downs
RECENT NEWS
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Week in review, May 18
Financial Times
May 17
Comment
Tony Hayward returns from the depths; Tata Steel writedown; Google turns up the challenge;
Caterpillar settles with former ERA owners
Financial Times
May 17
Comment
The US group secures a $135m reduction to the purchase price of the Chinese group it bought in 2012, following writedown in January
ThyssenKrupp losses deepen after writedown
Financial Times
May 15
Comment
Essen-based steel and engineering conglomerate hit by fresh writedown on its network of Americas steel plants that it has been trying to sell
Hopes of Americas sale rise as Thyssen takes writedown
Reuters
May 15
Comment
Sims issues another round of writedowns
Sydney Morning Herald
May 14
Comment
Metals recycler Sims Metal has added further inventory write-downs following its earlier provisions following fraud at its UK operations.
Tata Steel shares recover; writedown sparks fund-raising worries
The Economic Times
May 14
Comment
Its shares fell as much as 3 per cent in early trade in Mumbai, but later recovered and by 12.15 p.m. were trading at Rs 303.55, down just 0.6%.
Tata Steel Flags $1.6 Billion Writedown on Weak Europe Demand
Bloomberg
May 14
Comment
Tata Steel writedown sparks fund-raising worries
Reuters
May 14
Comment
Tata Steel reveals $1.6bn writedown
Financial Times
May 13
Comment
Weak European economy blamed for record writedown by an Indian company, as chronic overcapacity across the continent hits steelmakers
OGX dry oil-well write-downs push losses higher, revenue grows
Reuters
May 10
Comment
* Revenue from oil, gas output jumps 66 pct to 289 mln reais
PostNL turns to Q1 loss on TNT Express writedown
Reuters
May 7
Comment
Dutch mail group PostNL swung to a first-quarter loss because of a 440 million euro ($575 million) writedown on its stake in TNT Express after UPS withdrew its takeover...
AACo writes down herd value by $43m
Sydney Morning Herald
May 3
Comment
Australian Agricultural Company has written down the value of its herd by about $43 million following dry weather as more cattle come to market
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