A red-hot trend in the car industry is for new entrants such as Fisker Inc. to hand over the complicated and capital-intensive work of engineering and building vehicles to a contract manufacturer.
A $21 Billion Wager on Who Will Build the Apple Car Read More »
L’or : objectif 6 300 $ JPMorgan is maintaining a bullish outlook on gold prices by setting an end-of-year price target of $6,300 an ounce amid a broader shift towards hard assets. In a note published late Sunday, the bank’s analysts cited the “ongoing diversification” trend that has driven gold to record highs in recent
JPMorgan sees gold price reaching $6,300 by year-end Read More »
Highland Valley Copper Operations in Canada. (Image courtesy of Teck.) The Canadian government has approved the $53-billion Anglo Teck mega-merger, clearing the way for the creation of one of the world’s largest copper producers as global demand for the metal accelerates. Although industry minister Mélanie Joly greenlit the merger on national security grounds in November, lawmakers still needed
Canada clears way for $53B Anglo-Teck merger Read More »
What Makes CMOC’s Kisanfu Mine Expansion a Strategic Game-Changer? What Makes CMOC’s Kisanfu Mine Expansion a Strategic Game-Changer? China Molybdenum Company’s ambitious $1.08 billion investment in the Kisanfu Mine expansion represents one of the most significant copper development projects currently underway in the Democratic Republic of Congo. This massive capital commitment positions CMOC to dramatically increase its
China’s CMOC $1.08B DRC Copper Mine Investment Expansion Read More »
Ivanhoe Mines co-chairperson Robert Friedland Canadian miner Ivanhoe Mines on Wednesday announced a $500-million investment from sovereign wealth fund Qatar Investment Authority (QIA). Under the terms of the private placement, Ivanhoe will issue 57.5-million common shares to QIA at C$12.00 a share, raising gross proceeds of about $500-million. On completion, QIA will hold about 4%
Ivanhoe secures $500m investment from Qatar sovereign wealth fund Read More »
Illustration; Source: Saudi Aramco Aramco, Saudi Arabia’s energy heavyweight, has dished out multiple deals spanning liquefied natural gas (LNG), fuels, chemicals, emission-reduction technologies, artificial intelligence (AI), and other digital solutions, manufacturing, asset management, short-term cash investments, and procurement of materials, equipment, and services. Thanks to these contract awards, U.S. companies have secured 34 memoranda of
Aramco goes on contracting spree as US players split its $90 billion cake into 34 slices Read More »
Packages of Pringles chips, manufactured by Kellanova. Photographer: Andrey Rudakov/Bloomberg Mars Inc.’s $36 billion bid for Pringles chips maker Kellanova faces a potential glitch after European Union opened an in-depth investigation over concerns the largest packaged-food deal in almost a decade could thwart competition. The deal will give Mars “several very popular brands of potato chips and cereals to
Mars’ $36 Billion Kellanova Deal Hit by Full-Scale EU Probe Read More »
Chile’s Atacama region. (Image by LMspencer | Stock Photo.) Chile’s state-run mining firm ENAMI aims for its new Rio Tinto lithium partnership at Altoandinos to begin production in 2032 with 35,000 metric tons of the battery metal per year, and ramp up over three years to 75,000 tons, ENAMI company chief Ivan Mlynarz said on Friday. The
Chile’s ENAMI says lithium venture with Rio Tinto to start production in 2032 Read More »
Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo NEW YORK, April 9 (Reuters) – Billionaire investor Bill Ackman’s Pershing Square Holdings portfolio has lost nearly 14% so far this year, the firm told investors
Ackman’s Pershing Square Holdings fund drops nearly 14% so far this year Read More »
The BlackRock headquarters in New York. Photo by Michael Nagle /Bloomberg BlackRock Inc.’s Global Infrastructure Partners is close to raising roughly $25 billion for its latest flagship fund, a sum that would make it one of the largest in the infrastructure industry, according to people familiar with the matter. (Bloomberg) — BlackRock Inc.’s Global Infrastructure Partners is
BlackRock’s GIP Is Close to Raising $25 Billion for New Fund Read More »
US President-elect Donald Trump (Jan 15): The uncertainty likely to be injected into markets this year by US President-elect Donald Trump promises to be yet another driver of attractive bond returns, according to Pacific Investment Management Co (Pimco). Unpredictability, paired with rising Treasury yields and diminished expectations for central bank easing is seen generating long-term
Pimco says own more bonds as Trump ushers in era of uncertainty Read More »
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