Credit Suisse has recently dissolved its personal lending relationship with SoftBank founder Masayoshi Son, the Wall Street Journal reported. The move is part of the Swiss bank’s broader efforts to reduce risks after the collapse of SoftBank-backed Greensill Capital, which was a key client of Credit Suisse. Bloomberg and other news outlets reported last month that Credit Suisse was cutting...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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