Vedanta Resources gets $300 million loan commitment for debt refinancing
The company is looking to upsize the deal and is in advance discussions with other banks for additional loans of $200 million.
Andrew Hepburn writes that everyone is looking for signs that China is falling apart, but forget to consider how badly Canada would be hurt:
Many of the bullish bets on resources by international hedge funds, pension funds and other speculators are predicated on the “story” of an ever-growing China et al. And the problem is, as the BRIC slowdown shows, that story is coming unglued. With its unraveling we are starting to see the bursting of a speculative commodity bubble. Financial players overran these tiny markets and prices soared, which can only mean falling prices when they leave the scene.
