News Snapshot:
BEIJING (Reuters) - China's Baoshan Iron & Steel Co Ltd posted July-September net profit up 56.4% from the previous quarter, boosted by cost cuts and the country's economic recovery. For the first nine months of the year, China's biggest listed steel producer, known as Baosteel, made 7.86 billion yuan ($1.17 billion) in net profit, down 12.9% from the same period last year, it said in a filing to the Shanghai Stock Exchange on Thursday. That put third-quarter profit at 3.86 billion yuan, against 2.47 billion yuan in the second quarter. "In the third quarter ... demand from downstream sectors like...
