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Tanzanian Helium discovery may be double initial estimate

Bloomberg Helium resources discovered in Tanzania last year may be almost twice as large as first thought, helping address possible future shortages of the gas used in medical scanners and nuclear energy when production begins, possibly as early as 2020, the exploration company said. Researchers working with Lisbon-based Helium One Ltd. calculated the Rukwa gas field in southwestern Tanzania could ...

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Apple supplier to plan India expansion in iPhone push

Bloomberg Apple Inc.’s primary iPhone assembler in India is scouting for about 100 acres of land in Bangalore to expand its facilities for the world’s most valuable company, according to people familiar with the matter said. Wistron Corp. executives toured the city last week and have shortlisted a few parcels including one plot close to the airport, said the people, ...

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China’s Ruyi pays Koch Industries $2bn for Lycra

Bloomberg China’s Shandong Ruyi Group is paying more than $2 billion to buy the owner of Lycra, the form-fitting elastic material used in everything from jeans to yoga pants, people with knowledge of the matter said. The purchase from Koch Industries Inc. is part of the Chinese apparel producer’s goal to acquire leading global textile brands, one of the people ...

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