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Thyssenkrupp warns of economic pressure as profit falls


By Christoph Steitz and Tom KäckenhoffFRANKFURT/DUESSELDORF (Reuters) - Steel-to-elevators group Thyssenkrupp on Tuesday warned of a darkening economic backdrop, a key driver of demand for its products, signalling tough times for its capital goods business ahead of a planned spin off.Fears of a global economic slowdown have increased in recent months, with euro zone businesses expanding at their weakest rate since mid-2013 at the start of the year as demand fell for the first time in four years.Thyssenkrupp, which said last year it would spin off its elevator, car parts and plant engineering ...

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First Published: Tue, February 12 2019. 14:45 IST