Cobalt Holdings plans London IPO with Glencore taking 10% stake
Metal investment company aims to raise $230mn from listing next month
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Dispatch from the Milken jamboree
Plus, Pimco’s warning, a US copper rush and the National Gallery’s rehang
US tariff policy accelerates deeper structural changes
Unusual swings in markets and consensus economic narratives point to longer-term forces
The Nigerian companies leading historic shift in oil wealth ownership
Local producers are stepping in to fill the gap vacated by foreign majors retreating from Africa’s largest producer
World’s largest EV battery maker CATL to raise at least $4bn
Offering is set to be Hong Kong’s biggest listing this year