Mining giant Anglo American and copper-rich competitor Teck Resources will merge in an all-stock deal to achieve the mining industry’s largest combination in more than a decade.
Tag: Economy
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TOP TREND: ANOTHER GOLDEN YEAR FOR GOLD
Gold’s price surpassed $3,600 on 6 September and seems on its way to at least $3,700, analysts said.
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SPOTLIGHT: BIGS GETTING BIGGER
In one of Europe’s largest mergers in the last two years, Keurig Dr Pepper is buying JDE Peet's, a Dutch maker of coffee, teas, and soft drinks for $18.4 billion in cash.
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SPOTLIGHT: DIGITAL CURRENCY MOVES INTO THE MAINSTREAM
China is promoting the use of its digital currency more aggressively as part of its push to assert itself as an economic rival to the U.S. and its currency as alternative to the U.S. dollar.
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CHINESE CHIPMAKERS’ STOCK PRICES JUMP
Beijing’s pressure on domestic tech companies to stop buying computer chips from foreign makers is boosting share prices for Chinese companies making chips of all kinds.
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INSULTED, BEIJING MOVES AGAINST PURCHASE OF NVIDIA AI CHIPS
China’s government is increasing pressure on domestic artificial intelligence (AI) companies to not buy AI chips from Nvidia, the U.S. company that produces most of the world’s state-of-the-art AI processors.
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GERMAN BUSINESSES ARE THEIR MOST OPTIMISTIC IN MORE THAN A YEAR
Morale among German businesses rose this month to its highest since May 2024, according to the private Ifo Institute’s business climate index.
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U.K. INFLATION REACHES 18-MONTH HIGH IN JULY
Britain’s headline inflation accelerated to 3.8 percent in July, with inflation in services jumping 5 percent, giving the U.K. the highest inflation rate among the world’s richest countries.
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MORE CONSUMERS EAT IN, BOOSTING BUSINESS FOR SUPERMARKETS
Consumers in the U.S. and Europe are increasingly strapped for cash and are cutting back their visits to restaurants, which is likely to improve supermarkets’ bottom lines, Reuters said.