Receive Breaking News updates as they occur
Management buyout group Excalibur, one of the bidders for Tata's British steelmaking business, said on Wednesday that it intended to pursue its plans to buy the assets despite Tata pausing the sale process to explore joint ventures. "The Excalibur Board has concluded it will continue the development of a series of opportunities that help meet its ambitions and plans to acquire the Tata Steel UK business," an emailed statement said. Earlier this month, Tata Steel put the process of selling its major British assets on hold because of the uncertainty caused by the Brexit vote and surrounding pension liabilities and said it would also look at forming a joint venture.
PHILADELPHIA (AP) — There have been millions of words, decades of video and reams of commentary devoted to the story of Bill and Hillary Clinton. It's been dissected, defended and decried at kitchen tables and on cable news, in tabloids and classrooms.
Australia removed Sri Lankan opener Kusal Perera cheaply after building an 86-run first-innings lead over their hosts as they took firm command Wednesday of a low-scoring Test in Pallekele. Perera fell to the last ball of the day, with the umpires once again forced to call a premature halt to proceedings following a downpour at the picturesque ground on the outskirts of Kandy. Australia were all out for 203 in reply to Sri Lanka's first innings total of 117, with spinner Lakshan Sandakan taking four wickets on his debut.