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SoftBank in talks to add $15bn for huge tech fund

Softbank group corp. earnings for fiscal year 2016

Bloomberg For SoftBank Group, $100 billion isn’t enough. The Japanese conglomerate, which has reshaped the technology startup landscape with its Saudi-backed Vision Fund, is in talks with investors to add as much as $15 billion more to its already-massive fund, said people familiar with the discussions. In about two years, the Vision Fund has invested more than $70 billion in ...

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Tata Steel posts record Indian output post deal

Thyssenkrupp and tata steel agree on steel merger

Bloomberg Tata Steel Ltd’s Indian steel output rose to a record in its latest financial year thanks to its 2018 acquisition of Bhushan Steel Ltd assets, potentially making Tata the country’s biggest producer. Production rose 35 percent to 16.79 million tons in the year ended March 31, as Bhushan Steel added 4.2 million tons to output, the Mumbai-based company said ...

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South Sudan offers more oil to China to fund roads

Bloomberg South Sudan tripled the amount of oil it’s providing to the Export-Import Bank of China to fund the nation’s biggest infrastructure-development project. The East African country will provide 30,000 barrels per day of crude to the state-owned lender, up from 10,000 barrels it agreed in February, Information Minister Michael Makuei Lueth told reporters in the capital, Juba. The country ...

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