Rescue

Cobalt miner Jervois in rescue deal to better compete with China By Reuters

By Ernest Scheyder, Eric Onstad (Reuters) -Cobalt miner Jervois Global said on Thursday that one of its lenders will take the company private as part of a pre-packaged bankruptcy, the latest Western miner scrambling to survive as competition from China intensifies. U.S. fund manager Millstreet Capital Management will take control…

China just announced a .4 trillion plan to rescue its local governments

China has announced a local government debt rescue program days after Trump won the US election.Trump has threatened tariffs of 60% on Chinese goods, complicating China’s economic gloom.China’s economy faces multiple issues, including a property crisis and high youth unemployment. China announced a debt rescue program to the tune of…