Industrials

Steel producer and metals recycler Steel Dynamics INC.

China's recovery from its longest slowdown in growth since the global financial crisis is being driven by the two forces posing the biggest risks to the economy's increasingly urgent need to rebalance - investment and property.

Anglo American Platinum , the world's top platinum producer, said it will mothball two South African mines, sell another and cut 14,000 jobs in moves to restore profits that may provoke a repeat of last year's strikes when about 50 people died.

Pentagon and industry investigators have pinpointed a manufacturing quality problem as the most likely cause of an engine failure that led to the grounding of the Marine Corps version of the Lockheed Martin Corp F-35 fighter jet, sources familiar with the investigation told Reuters.

Toyota Motor Corp regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen .

Shares in Bombardier Inc fell on Thursday on news that rival planemaker Embraer had landed a large order to supply regional jets in the U.S. market, traditionally a strong market for Bombardier.

Pentagon and industry officials worked through the weekend to determine what caused the failure of a fuel line on the Marine Corps version of Lockheed Martin Corp's s F-35 fighter jet that prompted the plane's grounding on Friday.

London-listed coal miner Bumi Plc said an independent probe had not been able to prove misuse of funds at its Indonesian units, as documentary evidence had been obtained illegally and key witnesses had refused to cooperate.

China, the world's largest steel producer, aims to bring around 60 percent of total steel capacity under the control of its top 10 steel mills by 2015 as part of a wide-ranging plan to restructure its industries.

Chinese steel demand is expected to rise by 3.

Italian metal workers called off a strike at Europe's biggest steel plant on Saturday after an emergency meeting between government, unions and company management to save the ILVA factory from closure.

Caterpillar Inc on Friday said it had uncovered a "deliberate, multi-year, coordinated accounting misconduct" at a subsidiary of a Chinese company it recently acquired.

ThyssenKrupp AG Chairman Gerhard Cromme admitted on Friday to making mistakes that contributed to massive losses at the German steelmaker, but didn't bow to pressure from some shareholders to step down.

Lithium-ion batteries similar to those that prompted the Federal Aviation Administration to ground Boeing Co's new 787 airliner on Wednesday are also used on satellites and the U.S. military's new F-35 Joint Strike Fighter.

The European Union will not be drawn into a trade war with China, the EU's ambassador to the country said on Wednesday, a day after trade sources said the European Commission found that Beijing illegally subsidizes Chinese steel producers.

Homebuilder confidence in the market for single family homes held steady at near seven year highs in January, suggesting the outlook for the housing market remained upbeat.

SKF , the world's biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts.

Production cuts and closures carried out this year have helped Alcoa Inc , the world's largest aluminum producer, to move 4 percentage points down the aluminum smelting cost curve, its chief executive said on Tuesday.

Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.

Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.