ThyssenKrupp Cancels Dividend After $4.7B Writedown

ThyssenKrupp AG, Germany’s biggest steelmaker, won’t pay an annual dividend after posting a second straight yearly loss, including a 3.6 billion-euro ($4.7 billion) writedown on its Steel Americas unit.

Global Business Report: Brazil Contraction, Banks Results
51:08 - Bloomberg's Alix Steel examines the latest global business news. She reports on "Bloomberg Markets." (Source: Bloomberg)
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