Recent Posts

BHP vows to stay out of Lithium shortage rush

Bloomberg Among elevated metal prices, lithium stands out, as booming electric-vehicle sales send the battery component skyrocketing. Conspicuously, the world’s biggest mining company has no plans to join the rush. For BHP Group, the frenzied talk about looming lithium shortages in a clean-energy transition will fade given it’s one of the more abundant elements in nature. Ironically, given the silvery-white ...

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Issa brothers mull piling debt on Asda to fund Boots buyout

  Bloomberg The owners of Asda Group are considering piling debt onto the supermarket chain to raise the money to buy Boots, another fixture on UK high streets. Brothers Zuber and Mohsin Issa, alongside TDR Capital LLP, have discussed saddling the supermarket with as much as 4.5 billion pounds ($5.6 billion) of additional debt, on top of the multi-billion pound ...

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Latam Air creditors vote for bankruptcy exit plan

Bloomberg A majority of Latam Airlines Group SA’s unsecured creditors have voted in favour of its proposed restructuring plan, easing the Chilean carrier’s path out of bankruptcy. About 65% of the low-ranking creditors voted to accept the plan, the company said in a statement, giving Latam a crucial level of support before asking its bankruptcy judge to sign off on ...

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