The clean energy race could trigger the biggest mining deal in decades
CNN
Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record.
Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record. BHP said in a statement Thursday that it valued Anglo American shares at £25.08 ($31.40) apiece, or £31.1 billion ($38.9 billion) in total. If completed, the acquisition would increase BHP’s access to copper reserves, it added. The potential deal would have a higher value than the $38.3 billion acquisition of Switzerland’s Xstrata by commodities company Glencore in 2012, according to Dealogic data. It would also be the biggest merger or acquisition in the mining industry by value since Dealogic began collecting the data in 2004. Anglo American’s board is “currently reviewing this proposal,” the company said in a statement, adding that there was “no certainty” a formal offer would be made by BHP, or the terms of that potential offer. BHP has until May 22 to make a formal offer. Shares in Anglo American soared as much as 13.8% on the news. By 5.47 a.m. ET, they were trading at £24.55 ($30.72). Shares in BHP closed 0.6% down in Australia.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Sweeping changes are coming to the world’s most powerful central bank, President Donald Trump and his top advisers have said — and they’re already starting to make good on that promise.
The United States and the European Union avoided the worst-case scenario: a damaging, all-out trade war between allies that threatened to raise prices on a large number of goods and slow two of the world’s largest economies. The framework delivered a sense of relief for both sides – but few are cheering the arrangement itself.
For months, protesters have gathered outside Tesla showrooms in response to Elon Musk’s role in reducing US government spending as part of the Department of Government Efficiency.
Disney’s “The Fantastic Four: First Steps” stormed the domestic box office, topping superhero competitor “Superman” to finish No. 1 with $118 million.
President Donald Trump began talks Sunday in Turnberry, Scotland, with European Commission President Ursula von der Leyen, as Friday’s deadline looms to reach a trade deal to avoid the 30% tariffs on European imports.
The state of President Donald Trump’s economy is about to come into full view.
President Donald Trump took off for Scotland on Friday for his latest presidential trip mixing business and golf.
In recent months, animal rescues and shelters across the country are reporting sharp increases in animals being surrendered, with several of those organizations telling CNN that financial hardship was at the root of those owners’ decisions.
If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.
For the third time in as many months, US and Chinese officials will meet in Europe for trade talks — and this time, Beijing is arriving at the negotiating table more emboldened than ever.
Roughly 72,000 images, including 13,000 user selfies submitted for account verification prior to February 2024, were accessed in the breach.
When clients used to ask John Crawford if he thought cottage cheese could make a comeback, his answer was an emphatic: “No.”
As anyone who’s scoured the internet for a bridesmaid dress knows, online shopping can be a pain. Among almost unlimited options, it can be difficult to find just the right style, color, size and price point.