Rio Tinto Obtains $1.2 Billion Loan to Enhance Lithium Production in Argentina
Rio Tinto has secured a substantial loan to support its lithium project in Argentina, aiming to increase production amid rising demand.
Latest Banking stories from Money.
Rio Tinto has secured a substantial loan to support its lithium project in Argentina, aiming to increase production amid rising demand.
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Toss, a South Korean fintech company, has set an ambitious goal to phase out physical credit cards within three years, promoting facial recognition technology for payments.
IsoEnergy is making significant strides in the uranium sector by restarting one mine and expanding another, as the market faces a notable supply shortage.
In its latest financial report, HSBC disclosed a $100 million drop in first-quarter income, totaling $9.4 billion, which fell short of analysts' forecasts.
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The Bank of England's Monetary Policy Committee has decided to keep interest rates steady at 3.75%, while signaling readiness to increase rates if the ongoing energy crisis continues to affect the economy.
Despite setting aside $190 million to mitigate risks associated with the ongoing conflict in the Middle East, StanChart has announced a record quarterly profit.
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UBS has experienced an 80% surge in profits, attributed to heightened trading activity driven by market volatility linked to the ongoing conflict in the Middle East.
Citadel's founder, Ken Griffin, warns that many wealthy individuals may not fully grasp the risks associated with private credit investments, particularly regarding fund liquidity.
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Alumni from the Milken family office have successfully raised $4 billion, marking the largest credit fund to date for Silver Rock Capital Partners.