This was a non-cash investing activity. On February 16, , ArcelorMittal sold 2. On October 9, , the Company signed an agreement to divest its Wabush Mines was part.
Liabilities of 11 were classified as held for sale as of December 31, The total cash. A gain of 42 was recognized with respect to the. On July 5, , the Company completed the disposal of the Anzherskaya coal mine in Russia. The total cash consideration received was nil. In connection with the decision to sell and cease all future use of the tangible.
Inventories and trade receivables were written down by 3. See note 27 for discussion of shareholder approval. The table below provides details of the amounts presented in the statement of operations with respect to discontinued operations:. Cost of sales including depreciation and impairment of and for and , respectively 4, 5, The amounts disclosed above represent the operations of the stainless steel business, excluding the effects of any transactions with.
In accordance with IFRS 5, the Company remeasured certain assets at their fair value less cost to distribute upon initial classification. The fair value of these assets has been estimated based on trading multiples of. ArcelorMittal compared revenue growth, operating margins and capital expenditures according to the five year.
The Company also considered the. As a result of the remeasurement upon initial.
Following the subsequent remeasurement of fair value less cost to distribute at December 31, , the Company recognized an increase. The measurement of the fair value of the assets and liabilities held for distribution represents a Level 3 fair value measurement. As discussed in note 16, Level 3 measurements are based on inputs that are not based on observable market data and require management.
The measurement is most sensitive to changes in the selected trading multiple of.
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The table below provides details of the amounts presented in the statement of other comprehensive income. The table below provides details of the assets and liabilities held for distribution after elimination of intra-group balances in the statement. Trade accounts receivable and allowance for doubtful accounts as of December 31, are as follows:. For all significant customers the credit terms must be approved by the credit. Limits and scoring attributed to customers are reviewed periodically. There are no customers. Hwang was an institutional stock salesman at Hyundai Securities Co.
Updates with reasons behind selling in second paragraph For more articles like this, please visit us at bloomberg. Wall Street's main indexes fell on Monday after a surge in the previous session, as global banks said they faced potential losses of billion of dollars from a hedge fund's default on margin calls. Nomura and Credit Suisse warned of significant hit after the U. But on Monday, when Abu Dhabi begins selling futures contracts for its oil and then shipping the barrels from Fujairah, it will mark an aggressive shift by the emirate.
Investors globally are clamoring for commodities because of their high yields relative to other assets and to protect themselves against any rise in inflation. Creating a new benchmark will hardly be easy. Oil traders dislike change, especially when they believe markets already do a good job matching supply and demand. It was forced to shelve the plan indefinitely. Murban will also face competition regionally. Platts publishes price assessments for Dubai oil and the Dubai Mercantile Exchange trades futures for Omani crude. Both act as benchmarks for Middle Eastern shipments to Asia.
Abu Dhabi says the combination of high supply, easy access to oil-consuming markets from Fujairah and the absence of trading restrictions will attract plenty of buyers to its exchange. The futures platform will be run by Atlanta-based Intercontinental Exchange Inc. The Murban exchange and the capacity boost could raise tension within the Organization of Petroleum Exporting Countries, according to Hari of Vanda Insights.
The Gulf states dominate the cartel and tend to prize unity. They also began unprecedented production cuts last year to bolster prices as the coronavirus pandemic spread. For more articles like this, please visit us at bloomberg.
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. Visa subsequently confirmed the news in a statement.
Bloomberg -- A global semiconductor shortage has upended the supply of everyday devices from smartphones to gaming consoles to tech-dependent cars. With companies warning the issue may last into the second half, the fallout threatens to weigh on share prices for months to come. Since news broke in November that Apple Inc. Truckmaker Volvo Group and electric-vehicle company Nio Inc. The lack of chips has been caused by booming demand for tech gear, in large part because of the pandemic, and winter weather in Texas and a fire in Japan have added to the problem.
It triggered a 6. In Japan, shares of Toyota Motor Corp. Daiwa Securities cited the chip shortage in downgrading the stock and cutting estimates for this year and next. China is dealing with unrelated chip-supply issues of its own. Smartphone maker Xiaomi Corp. One positive aspect of the chip shortage: With demand for consumer electronics as strong as it is, it gives companies the power to raise prices and pass on higher costs, said Neil Campling, an analyst at Mirabaud Securities.
Lenovo Group Ltd. Sony Corp. While Samsung Electronics Co. Samsung this month warned of problems, including the possible cancellation of the launch of its new Galaxy Note, one of its best-selling smartphone models. Makers of networking equipment also have been feeling the pinch.
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Analysts at Oddo BHF flagged a DigiTimes report that the lead times for deliveries of networking chips are extending to as long as 50 weeks, suggesting that the chip shortage has also reached the networking segment and will likely last into early next year. ChipmakersWhile automakers have struggled, the flip side of the semiconductor shortage is that the companies supplying those chips could see a boost to their business.
Most semiconductor companies should report strong results for the first quarter and give good guidance for the second, said Janardan Menon, an analyst at Liberum Capital Ltd. In the U. There are also broader winners from the shortages in the semiconductor industry, with chip foundries such as leader Taiwan Semiconductor Manufacturing Co. Semiconductor-Equipment ManufacturersThe makers of equipment used to produce semiconductors are benefiting from the supply crunch as chipmakers rush to add capacity to their factories and governments concerned about national security risks are looking at measures to encourage local production.
The combination has created a spending environment that some analysts say will benefit the industry for years. The leu slipped as much as 0. New posts. Search forums. Log in. Install the app. For a better experience, please enable JavaScript in your browser before proceeding. You are using an out of date browser.
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It may not display this or other websites correctly. You should upgrade or use an alternative browser. Xerox finisher output tray paper jam. Thread starter adjoto Start date Dec 23, Hi everyone. I am new to digital printers. We just got a used xerox with finisher and after setting up. Machine test print paper keeps jamming at output tray and there's 2 pressure lines on the paper. Any idea on what it might be? PricelineNegotiator Well-known member. Do not output to the top tray and make sure you are sending it through face up - there is a reason for this.
Re: I fixed my persistent 1311 error (paper jam) by running cardstock through the paper feed
Output to your "finisher stacker tray". Face down vs face up sometime will depend on the stock labels usually want to be finished face down but I ALWAYS finish face up as the paper path is again a straighter line, as the machine must print on one side and then flip the sheet and output it to a tray.
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Also, a with those options may be overkill if you are new to digital printing, but then again I have only been in the business 2 years. Does that make sense? Thank you for the responds.