Bloomberg South Korean energy supplier SK Innovation Co and SK IE Technology Co have raised 2.25 trillion won ($2 billion) in the battery material unit’s initial public offering, the country’s biggest in four years. SK IE Technology has priced the offering at 105,000 won per share, the top of a marketed range, according to an exchange statement. The portion for ...

Bloomberg Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets. Aluminum is surging and iron ore jumped to a fresh high as commodities advance toward the highs of the last supercycle. Metals are benefiting as the world’s largest economies announce programs to build back greener from the ...

Bloomberg French energy giant Total SE suspended its $20 billion liquefied natural gas project in Mozambique indefinitely due to an escalation of violence in the area, including a March attack by IS-linked extremists. The decision is a blow to Total, which bought an operating stake in the project for $3.9 billion in 2019, hoping to start exporting the super-chilled fuel ...

Bloomberg US Treasury yields climb amid confidence the Federal Reserve will remain accommodative even as robust growth takes the world’s largest economy back to pre-pandemic levels. Stock-index futures were little changed. Havens including the dollar and government bonds were under pressure while copper, seen as a barometer of growth, surged to the highest in a decade. The US 10-year rate ...

Bloomberg Hong Kong plans to expand its trading link with the mainland to include southbound flows on bonds in early July, the Hong Kong Economic Journal (HKEJ) reported, citing an unidentified source. The southbound link will have quotas in place and only allow trading in certain eligible bonds, the HKEJ reported on Monday. Hong Kong has a trading link with ...

Bloomberg Bitcoin rallied on Monday as investors took advantage of the lowest levels in seven weeks to pile back in. The largest cryptocurrency is on track for its biggest gain since February 8 after dropping as low as $47,079 in early Asia trading before rebounding. It rose as much as 9.6% to $52,747 and was trading around $52,500 as of ...

Bloomberg Southwest Airlines Co expects to stop burning cash by June and is adding summer flights almost to 2019 levels as increasing vaccination rates spur trips by vacation-hungry Americans. For the second quarter as a whole, average core cash burn will fall to a range of $2 million to $4 million a day, down from $13 million in the first ...

Bloomberg Virgin Atlantic Airways Ltd is aiming to get all of its planes flying by October or November amid continuing uncertainty over how far Covid-19 border curbs will be eased before the end of the summer. The carrier controlled by billionaire entrepreneur Richard Branson is working towards the return to full capacity while awaiting details of UK plans to begin ...

Bloomberg LVMH, Richemont’s Cartier and Prada SpA are joining forces to offer a blockchain solution to their customers seeking an extra seal of authenticity for the goods they’re buying. The alliance of the world’s largest luxury-goods makers plans to make a blockchain-enabled solution available to all luxury brands to provide shoppers with assurance what they’re buying is authentic, the companies ...

Bloomberg The Port Authority of New York & New Jersey approved a scaled-down plan to redevelop Terminal 4 at John F Kennedy International Airport — where Delta Air Lines Inc is the anchor tenant — after the Covid-19 pandemic put a $3.8 billion expansion on hold. The bi-state agency authorised a $1.5 billion first phase with the potential for expansion ...