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Japan’s Nippon Paint eyes big acquisitions

Bloomberg Nippon Paint Holdings Co. is shopping for large acquisitions, including in Europe, to expand outside Japan amid a global consolidation among the biggest coatings makers. “While our expansion is centred on China and other Asian countries in line with our mid-term plan, we also aim to expand through M&A in Europe and the United States,” Nippon Paint President Tetsushi ...

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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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