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Tata Steel to raise $5.1bn to help refinance debt

Bloomberg Tata Steel Ltd. has sounded out banks about raising the equivalent of $5.1 billion through loan facilities and a bond issue to help refinance debt, according to people familiar with the matter. The Indian steelmaker plans a $2.15 billion six-year syndicated facility to refinance loans in the books of units, TS Global Holdings Pte. and NatSteel Asia Pte., said ...

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China’s top copper producer halts output

Bloomberg Jiangxi Copper Co., China’s largest producer, is halting all output in the province after the local government ordered the curbs to reduce pollution, a company official said on Tuesday. The smelter received the order to stop production for at least a week before a further assessment based on local pollution levels, the official said, asking not to be identified ...

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Apple drags down tech shares as oil rises past $59

Bloomberg US technology shares slipped on speculation Apple Inc.’s phone sales will fall short of estimates, with trading volumes thin on the day after Christmas. Oil jumped after reports of a pipeline explosion in Libya. The Nasdaq Composite Index fell while the S&P 500 edged lower, with Apple and some of its suppliers among the worst performers. Energy shares rallied ...

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