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May 30, 2024
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bhp walks away from anglo american, as the uk mining giant refuses to accept its $49 billion takeover offer. if you've done some online shopping recently, you may find it's taking more time to receive your parcels. we find out why. hello and welcome to business today. i'm mariko oi. to our top story this morning — the australian mining giant, bhp, has scrapped its $49 billion offer to buy its british rival, anglo american. its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp's previous offers, saying they undervalued the company and its prospects. spea
bhp walks away from anglo american, as the uk mining giant refuses to accept its $49 billion takeover offer. if you've done some online shopping recently, you may find it's taking more time to receive your parcels. we find out why. hello and welcome to business today. i'm mariko oi. to our top story this morning — the australian mining giant, bhp, has scrapped its $49 billion offer to buy its british rival, anglo american. its decision came after anglo american rejected a request to extend a...
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May 29, 2024
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anglo american shares down a touch by 0.86%. john, we haven't gotten a response from anglo american just yet. what do you think they'll do? >> look, i think they're running around trying to figure this one out. it really depends on how much anglo want to do the deal because there's a lot of work to be done before this can go through. bhp has a lot to do in the south africa sector such as maintaining r & d, an office in johannesburg. looks like they're going to help buy shares for others. so they're making lots of noises saying no one in south africa is going to get disadvantaged in all of this. what that means is the pressure is on anglo american to accept an offer. and i think at that point, bhp would then formalize the offer because bhp really need anglo to be working hard to make this deal work. at the moment bhp shares have been going up and anglo american shares going down, indicating perhaps this will not happen, they won't go ahead. but it's a 50-50 right now in my view. >> all right. it's a 50-50 chance as to whether thi
anglo american shares down a touch by 0.86%. john, we haven't gotten a response from anglo american just yet. what do you think they'll do? >> look, i think they're running around trying to figure this one out. it really depends on how much anglo want to do the deal because there's a lot of work to be done before this can go through. bhp has a lot to do in the south africa sector such as maintaining r & d, an office in johannesburg. looks like they're going to help buy shares for...
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May 30, 2024
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its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp's previous offers, saying they undervalued the company and its prospects. speaking of deals, it's been a big week for consolidation in the energy sector. the latest development? conocophillips�*s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. speaking of deals, it's been a big week for consolidation in the energy sector. the latest development? conocophillips�*s acquisition of marathon 0il in a $22.5 billion deal. erin de
its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said their proposal was the...
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May 14, 2024
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anglo american announcing a slew of structural changes. the demerger of the platinum, diamond and steel making coal unit. it rejected the 34 billion pound takeover from rival bhp yesterday. let's chat to john meyer who jo joins us now. john, how significant is this with anglo splitting off part of the business and demerging part of it. is it digging deep to save this company from a hostile takeover? >> yeah, they are certainly digging deep and you could argue they should have been doing this anyway. it takes an event like b php wi what looks like a hostile offer to make this all happen. i don't think bhp will easily win this. the board of anglo don't have that much reason to want to do it. there's a lot of improvement they with make on their own. they have taken some of the bhp ideas, but they don't want to sell the iron/ore material which they sell in south africa. they can demerge platinum and take on board the shareholders. the discount given to assets in south africa is pretty broad and that's really why bhp don't want to be there. the
anglo american announcing a slew of structural changes. the demerger of the platinum, diamond and steel making coal unit. it rejected the 34 billion pound takeover from rival bhp yesterday. let's chat to john meyer who jo joins us now. john, how significant is this with anglo splitting off part of the business and demerging part of it. is it digging deep to save this company from a hostile takeover? >> yeah, they are certainly digging deep and you could argue they should have been doing...
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May 23, 2024
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assets and the anglo american assets, particularly around the price of iron ore. there may be an ability for bhp to put a safety net to form a better term around the value of the iron ore assets. it will allay some concerns around the flowback of the shares in the event of the spent and without winningly increasing the ratio.- spent and without winningly increasing the ratio. copper is a centre of— increasing the ratio. copper is a centre of this _ increasing the ratio. copper is a centre of this with _ increasing the ratio. copper is a centre of this with demand i increasing the ratio. copper is. a centre of this with demand so high with the push for renewables but it is complicated because it involves government interests as well? yes, there is. i guess, the key challenge when the deal first landed on the table or the first concerns were primarily around concerns that china might have. obviously there is concern from the south african government in respect of how it looks from their side to give considerable assets. obviously with the increase of free floats,
assets and the anglo american assets, particularly around the price of iron ore. there may be an ability for bhp to put a safety net to form a better term around the value of the iron ore assets. it will allay some concerns around the flowback of the shares in the event of the spent and without winningly increasing the ratio.- spent and without winningly increasing the ratio. copper is a centre of— increasing the ratio. copper is a centre of this _ increasing the ratio. copper is a centre of...
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May 14, 2024
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basic resources sits .50% down off the anglo american news. anglo american is down significantly in the early morning trade, dom. >> thank you, arabile gumede in london with the latest. let's keep this conversation going and bring in mark avalone. arabile mentioned aw wait-and-se mode. the inflation story, mark, is it front and center for you and investors out there? >> good morning. we have never felt that inflation had been tamed. we talk about it and we were saying level for longer. the fed was stuck. they had gotten ahead verbally a few months ago. the market ran up in anticipation. you have issues under the surface. the wage pressures and unionization. hollywood went on strike, u.p.s. went on strike, healthcare workers went on strike. other workers see that and they want a piece of it. you have other unionization efforts and employers need to pay more so workers don't leave for higher paying jobs. i know the fed raising rates and they are trying to weaken the employment market as an effect to lower unemployment and raise unemployment and
basic resources sits .50% down off the anglo american news. anglo american is down significantly in the early morning trade, dom. >> thank you, arabile gumede in london with the latest. let's keep this conversation going and bring in mark avalone. arabile mentioned aw wait-and-se mode. the inflation story, mark, is it front and center for you and investors out there? >> good morning. we have never felt that inflation had been tamed. we talk about it and we were saying level for...
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May 30, 2024
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is walking away from its $49 billion bid for anglo american. the ways it could expand its copper business, coming up next. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh haslinda: here's a look at how bhp is trading. under pressure, down almost 2% after it decided aga
is walking away from its $49 billion bid for anglo american. the ways it could expand its copper business, coming up next. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at...
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May 23, 2024
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british mining giant anglo american has rejected bhp's anglo american has rejected bhp�*s third takeover proposal worth around $49 billion. they have agreed to a one—week extension to allow bhp to make another binding offer. anglo american dismissed the first two office for being too cheap but says the third offer was ruled out due to the structure of the deal. in the european says —— space agency has appointed with a satellite to detect the sound energetic outburst. called the visual, it will be able to forecast a further three — four days notice of solar storms, it will be built in britain and cost about $370 million. —— european space agency. that's it for business today, thank you for watching and i'll see you again at the same time tomorrow. for now. hey, i'm zof with the catch up. tonight — a uk general election begins, palestinian statehood and flamingoes. so, i hope you don't have many summer plans because prime minister rishi sunak hasjust announced a new general election. that's right — after months of batting away speculation about when the vote might be, he's
british mining giant anglo american has rejected bhp's anglo american has rejected bhp�*s third takeover proposal worth around $49 billion. they have agreed to a one—week extension to allow bhp to make another binding offer. anglo american dismissed the first two office for being too cheap but says the third offer was ruled out due to the structure of the deal. in the european says —— space agency has appointed with a satellite to detect the sound energetic outburst. called the visual,...
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May 13, 2024
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. ♪ ♪ >> anglo american has rejected a second approach, $43 billion. the takeover would have made me the world largest copper review. frank paul allen out of melbourne. still no deal. what is the sticking point? paul: the borrower last night responded to bhp's offer by thick it is undervaluing the company and future prospects. the structure of the deal would require them to an there iron ore projects. management spoke to shareholders within anglo-american and they are under a lot of pressure. anglo-american has failed to keep up including glencore and bhp. >> and -- and -- and -- and they are under pressure so we understand we will get more details? paul: yeah, it was last year when anglo-americans board launched a formal review into its internal assets and future strategy. strategic review is the precursor to divestments or spinoffs, however shareholders have been left in the dark ever since that strategic review was launched. overnight, the company said it would release results of the review so they have been scrambling to present shareholders with a
. ♪ ♪ >> anglo american has rejected a second approach, $43 billion. the takeover would have made me the world largest copper review. frank paul allen out of melbourne. still no deal. what is the sticking point? paul: the borrower last night responded to bhp's offer by thick it is undervaluing the company and future prospects. the structure of the deal would require them to an there iron ore projects. management spoke to shareholders within anglo-american and they are under a lot of...
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May 14, 2024
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this has not one over the anglo-american board. paul: the -- the -- the offer is now up to $43 billion, but yes, the response was bhp's approach undervalued the company so that includes copper. where the risk came from has been the structure of the deals so as part of the deal, they would be required to spin off its platinum metal business and iron or business in south africa. getting approval and regulatory green lights to spin off those parts of the business as soon -- are seen as key risks. anglo said it could take a long time and was not worth it for shareholders. management are under a lot of pressure. anglo has failed to keep up with glencore, bhp so it is quite undervalued. last year, the board announced they would undertake a review you of assets and the business. shareholders have been in the dark, not knowing what is next. management promised today that they would release the strategic review and outline value for shareholders. haidi: it has been underway for months and rushed into the market. what is in there that will i
this has not one over the anglo-american board. paul: the -- the -- the offer is now up to $43 billion, but yes, the response was bhp's approach undervalued the company so that includes copper. where the risk came from has been the structure of the deals so as part of the deal, they would be required to spin off its platinum metal business and iron or business in south africa. getting approval and regulatory green lights to spin off those parts of the business as soon -- are seen as key risks....
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May 29, 2024
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its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant�*s copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american.
its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant�*s copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american.
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May 21, 2024
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look at shares in anglo american. up 8.7% as we speak. >>> south africa is in the midst of the seventh democratic ele election since apartheid. the vote could mark a watershed for south african politics with the governing anc could lose for the first time in decades. this is amid sky high unemployment and high crime rates and rolling blackouts across the country. yesterday, former president jacob zuma was barred from running for parliament with the constitutional court ruling that the prison sentence of 2021 disqualifies him. it does not impact the campaign at all according to his team. we have arabile with more on the conversation. let me toss it out to you. >> reporter: carolin, thank you for very much. you are highlighting significant factors for south africa. we are in the middle of the election and the ex-pats voting this weekend. and the election is very important because it is 30 years since south africa got democracy in the first open efficiently vote in 1994. a significant move in a country that has been plag
look at shares in anglo american. up 8.7% as we speak. >>> south africa is in the midst of the seventh democratic ele election since apartheid. the vote could mark a watershed for south african politics with the governing anc could lose for the first time in decades. this is amid sky high unemployment and high crime rates and rolling blackouts across the country. yesterday, former president jacob zuma was barred from running for parliament with the constitutional court ruling that the...
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May 22, 2024
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what do you think will happen to anglo american? will it fall into the hands of bhp or will it stay independent and break up? i or will it stay independent and break op?— break up? i think eventually it will aet break up? i think eventually it will get swallowed _ break up? i think eventually it will get swallowed up, - break up? i think eventually it will get swallowed up, eitherl will get swallowed up, either by bhp, or another company. cough up its main assets people are trying to bet and win, it is just to attractive a long—term metal — copper, its main asset. long-term metal - copper, its main asset-— main asset. good to talk to ou. to the us now, where, at the moment, another day means another record close on wall street. this time both the s&p 500 and the tech heavy nasdaq hit all—time highs at the close on tuesday. so what is fuelling this bull run? well, some say investors are betting big on stellar results from the chip giant, nvidia, which are due out later today, and there is continued good cheer, brought on by
what do you think will happen to anglo american? will it fall into the hands of bhp or will it stay independent and break up? i or will it stay independent and break op?— break up? i think eventually it will aet break up? i think eventually it will get swallowed _ break up? i think eventually it will get swallowed up, - break up? i think eventually it will get swallowed up, eitherl will get swallowed up, either by bhp, or another company. cough up its main assets people are trying to bet and...
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May 23, 2024
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and anglo american agreed to talks with bhp, and what could become the biggest mining deal in over a decade. and the outlook for china's summer vacation season and the outlook. let's get you to markets. avril home, it is about ships. -- chips. >> there is a push and pull in terms of monetary policy and earnings from nvidia delivering on the monetary policy front. we saw how the fomc minutes came in more hawkish perhaps more than powell led on during his speech and that is bringing a resurgence in the dollar and putting pressure on asian currencies, particularly on the chinese yen. pboc seems to be leaning in. they said that six at the weakest level since january, allowing declines. we see the korean won under pressure no thanks to the strengthen the dollar but it mostly held steady after the bok kept rates unchanged as expected . yen has been moving up towards 156.9 earlier the session, i want to highlight what we see in chinese equities, it declines on a day where other counterparts are gaining. there also concerns about geopolitical tensions. hang seng leading declines dragging the
and anglo american agreed to talks with bhp, and what could become the biggest mining deal in over a decade. and the outlook for china's summer vacation season and the outlook. let's get you to markets. avril home, it is about ships. -- chips. >> there is a push and pull in terms of monetary policy and earnings from nvidia delivering on the monetary policy front. we saw how the fomc minutes came in more hawkish perhaps more than powell led on during his speech and that is bringing a...
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May 30, 2024
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its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver
its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said their proposal was the...
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May 29, 2024
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that always has been the problem for anglo american. everyone knows the copper piece of it is brilliant, but what do you do with the south african assets? tom: what are we watching for? we have the 5:00 p.m. deadline and then the potential scenarios after that. >> up in it -- the potential scenarios are they agree and we will see a firm bid from bhp. if they do know it but see enough space to potentially reach that, we could see another extension. anglo has to ask for that so you have to see some competence from the anglo board that they could see movement on the bhp side otherwise bhp walks away and has to stay away for six months. if that happens, it is not the end. it's a marathon, not a sprint. the anglo board would have six months to make park -- progress with her self-help plan. if they do not, they become a target again and not just for bhp. tom: the self-help plan of thank you very much in terms of the latest with what we hand down to the latest in terms of the offering, 5:00 p.m. u.k. time. plenty more coming up. stay with us.
that always has been the problem for anglo american. everyone knows the copper piece of it is brilliant, but what do you do with the south african assets? tom: what are we watching for? we have the 5:00 p.m. deadline and then the potential scenarios after that. >> up in it -- the potential scenarios are they agree and we will see a firm bid from bhp. if they do know it but see enough space to potentially reach that, we could see another extension. anglo has to ask for that so you have to...
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May 13, 2024
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mining giant bhp says that, anglo american has rejected a revised buyout offer valuing the company at $42.67 billion. this is the second offer anglo american has turned down since april, calling it opportunistic and significantly undervalueing its prospects. bhp claims a combination of the two businesses would deliver significant value for all shareholders. a bid by australia's online watchdog to impose a ban on posts on acts. thejudge refused to to impose a ban on posts on acts. the judge refused to extend a temporary order to take down the post showing the stabbing of a sydney priest in april. pending further legal action. we sydney priest in april. pending further legal action.— sydney priest in april. pending further legal action. we have had comments _ further legal action. we have had comments from _ further legal action. we have had comments from the _ further legal action. we have had comments from the said - further legal action. we have had comments from the said vice - further legal action. we have hadl comments from the said vice chair saying that the bank should keep of
mining giant bhp says that, anglo american has rejected a revised buyout offer valuing the company at $42.67 billion. this is the second offer anglo american has turned down since april, calling it opportunistic and significantly undervalueing its prospects. bhp claims a combination of the two businesses would deliver significant value for all shareholders. a bid by australia's online watchdog to impose a ban on posts on acts. thejudge refused to to impose a ban on posts on acts. the judge...
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bhp abandoned its bid for anglo american. we will discuss what that means for mining's biggest names. that is next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." after a five-week battle bhb as abandoned its $49 billion bid for anglo american. the commodities giant walking away from now for what would it been the biggest mining deal in every bag -- in over a decade. talk to us about the main issues. >> the big issue was that anglo's management did not want to talk to bhb, so for five weeks we have seen bhb repeatedly make higher bids to try to engineer this takeover to create a global corporate giant, but anglo's management said, sorry, we did not really like to a or your proposal, which was complex, and we will not talk about it, so by yesterday there was a u.k. deadline for a formal takeover offer to be met. anglo was not talking and bhp said we will not go ahead with this. lizzy: is that it, or do you reckon bhb will come knocking again in another six months? >> the six months you refer to is
bhp abandoned its bid for anglo american. we will discuss what that means for mining's biggest names. that is next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." after a five-week battle bhb as abandoned its $49 billion bid for anglo american. the commodities giant walking away from now for what would it been the biggest mining deal in every bag -- in over a decade. talk to us about the main issues. >> the big issue was that anglo's management did...
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May 29, 2024
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bhp is in focus after the aussie miner abandoned its bid for anglo american. sony is in talks to acquire queen's music catalog which could total of $1 billion. and keep an eye on australian agricultural and others as canberra announced that these exports to china are said a result. asian carrie is also in focus after american airlines cut its guidance. haidi: when it comes to commodities, oil in particular, this is the picture. new york crude is flat, just under $80 a barrel. retreating on wednesday on broader risk-off sentiment offsetting the heightened tensions that we continue to watch in the middle east, this before the opec-plus supplier meeting on sunday. we see a bit of a decline, also some studying. commodities more broadly following bonds and stocks in the u.s., at lower. that disappointing cell of treasuries is reverberating across asset classes including commodities. also watching copper. the historic squeeze on the new york copper futures. iron ore is one to watch as well, seeing a bit of weakness there, but the advance we saw from the lowest close
bhp is in focus after the aussie miner abandoned its bid for anglo american. sony is in talks to acquire queen's music catalog which could total of $1 billion. and keep an eye on australian agricultural and others as canberra announced that these exports to china are said a result. asian carrie is also in focus after american airlines cut its guidance. haidi: when it comes to commodities, oil in particular, this is the picture. new york crude is flat, just under $80 a barrel. retreating on...
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May 29, 2024
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its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said... anglo had rejected bhp's previous offers, saying they undervalued the company and its prospects. speaking of deals, it's been a big week for consolidation in the energy sector. the latest development? conocophillips�*s acquisition of marathon oil in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic. people are stuck at home, not going out and not driving their cars. 0il at home, not going out and not driving their cars. oil prices crashed, but sent them, prices have come back then. —— back—up. take conocophillips. the share
its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said... anglo had rejected...
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May 26, 2024
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an anglo american invasion force landed in north africa to clear the continent of axisces and the german advance. the soviet union was stoed in a series of hard fought battles. in 1943, the tide of battle continued to turn in favor of the allies as they gained greater and greater control of the fighting in bothope and the pacific. the soviet union turned back the german invasion and hitler's armies westward. in july the allies invaded sicily. the invasion led to the overthrow of mussolini's government. italy's surrender. soon after. the battle of the atlae campaign end. the german submarine menace in the atlantic ocean began ton the allies favor as well. the allies to eliminate this threat so they could begin the giant build up of men and supplies in great britain thatd for the decisive of northwest from 1942 to 1944, the allies pondered, when, where and how a second front in europe could be open this issue caused considerable the big three. as roosevelt, churchill and stalin eachhe plan of attack. stalin demanded that his allies empire in northwestern europe to distract and draw off a p
an anglo american invasion force landed in north africa to clear the continent of axisces and the german advance. the soviet union was stoed in a series of hard fought battles. in 1943, the tide of battle continued to turn in favor of the allies as they gained greater and greater control of the fighting in bothope and the pacific. the soviet union turned back the german invasion and hitler's armies westward. in july the allies invaded sicily. the invasion led to the overthrow of mussolini's...
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May 19, 2024
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a simplified anglo american could have a much of i -- much higher valuation. this is the big question, is bhp willing to spend a higher premium on anglo for its copper assets in six or 12 months? so you are right on the money there. haidi: as we count down to the wednesday london time 5:00 p.m. deadline, we will be watching for any developments for you. they cannot comment on a regulatory investment as they face pressure to compensate thousands who bought complex securities tied to a chinese stock index that performed badly. our asia stocks reporter joins us for more. what we know about this story and what is the contention? >> they were one of the six south korea nationwide banks investigated by south korean authorities for their miss selling of the exotic notes tied to the pricing index. even though standard chartered bank kirby is one of the top 10 banks, one of the rather smaller banks in south korea when it comes to commercial banks lending. it was one of the top five sellers of the housing china exotic notes. the bank sold about $900 million worth of pro
a simplified anglo american could have a much of i -- much higher valuation. this is the big question, is bhp willing to spend a higher premium on anglo for its copper assets in six or 12 months? so you are right on the money there. haidi: as we count down to the wednesday london time 5:00 p.m. deadline, we will be watching for any developments for you. they cannot comment on a regulatory investment as they face pressure to compensate thousands who bought complex securities tied to a chinese...
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May 1, 2024
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anglo-american pushing the stocks. we also want to take a look at u.s. futures ahead of a big fed decision day today. coming up we'll hear from fed chair jay powell around 2:00 p.m. eastern time. no rate decision expected. you can see markets trading lower. it appears the dow would open at just about 50 points lower, the nasdaq falling close to 1% again in the premarket. we have seen a lot of movement in the premarket in the u.s. big day coming up. >>> coming up here on this show, we've got a big show for you. euros and scents. the new fragrance as spanish beauty brand puig gets ready for s rkitmaet debut. we'll have all the details coming up. pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free what is cirkul? cirkul is the fuel you need to take flight. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons y
anglo-american pushing the stocks. we also want to take a look at u.s. futures ahead of a big fed decision day today. coming up we'll hear from fed chair jay powell around 2:00 p.m. eastern time. no rate decision expected. you can see markets trading lower. it appears the dow would open at just about 50 points lower, the nasdaq falling close to 1% again in the premarket. we have seen a lot of movement in the premarket in the u.s. big day coming up. >>> coming up here on this show,...
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May 30, 2024
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this is going on after they decided against making an offer for anglo american and is now walking away from what would have been the biggest mining deal in more than a decade. managing editor for energy and commodities in asia for bloomberg joins us now. clara, let's get to the anglo side of the equation in a moment, but first, for bhp, this was going to be a fast way to get some copper assets. what do they do now? clara: they have time on their hands. they got so far but they couldn't go further without making concessions about structure and price. i think shareholders were a bit disappointed perhaps that they got so close to this big deal and couldn't make it happen, but at the same time, a lot of release among people we have spoken to that they didn't overpay. if you remember, mining companies have a poor track record when it comes to big acquisitions, they tend to get excited and destroy a lot of value, so the restraint should be encouraging. bhp has come out and said it needs copper so badly that it would go ahead with this extremely complex transaction. now we need to see what th
this is going on after they decided against making an offer for anglo american and is now walking away from what would have been the biggest mining deal in more than a decade. managing editor for energy and commodities in asia for bloomberg joins us now. clara, let's get to the anglo side of the equation in a moment, but first, for bhp, this was going to be a fast way to get some copper assets. what do they do now? clara: they have time on their hands. they got so far but they couldn't go...
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May 29, 2024
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bhp has asked for an extension to buy anglo american. they say the likelihood of this deal going through is only at 50-50. i want to show you the sectors one by one here. you will see that telco's insurance retail holding up reasonably well along with oil and gas that probably has to do with the big deals that you're talking about on your side of the pond. on the downside, financial, travel and leisure and household down. we're seeing airlines are under pressure on the back of the american airlines slashing its sales guidance. back over to you. >> anglo american story has been continuing for weeks now. it will be interesting to see how it resolves itself. >>> time now for our big money mo moves. >>> we're going to start out with cava. they expect sales to grow by 6.5% from the previous forecast as customers lean toward more protein. for more catch the ceo of cava on mo"money movers"" later toda on cnbc. >>> robinhood sl working on a $1 billion share buyback. they're bringing in new customers by offering credit cards and share accounts. u
bhp has asked for an extension to buy anglo american. they say the likelihood of this deal going through is only at 50-50. i want to show you the sectors one by one here. you will see that telco's insurance retail holding up reasonably well along with oil and gas that probably has to do with the big deals that you're talking about on your side of the pond. on the downside, financial, travel and leisure and household down. we're seeing airlines are under pressure on the back of the american...
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May 23, 2024
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british mining giant anglo american has rejected bhp's third takeover proposal worth around $49 billion. but they have agreed to a one—week extension, to allow bhp to make another binding offer. anglo had dismissed the first two offers for being too cheap, but says the third offer was ruled out due to the structure of the deal, the european space agency has allocated money for a new space weather satellite. called vigil, it will be able to see the side of the sun about to face sun, giving forecasters a further three to four days' notice of solar storms. it will be built in britain at a cost of about $370 million. and that's it for this edition of business today. thanks for watching. hey, i'm zof with the catch up. tonight — a uk general election begins, palestinian statehood and flamingoes. so, i hope you don't have many summer plans because prime minister rishi sunak hasjust announced a new general election. that's right — after months of batting away speculation about when the vote might be, he's finally pulled the trigger for the fourth ofjuly. the conservatives are currently b
british mining giant anglo american has rejected bhp's third takeover proposal worth around $49 billion. but they have agreed to a one—week extension, to allow bhp to make another binding offer. anglo had dismissed the first two offers for being too cheap, but says the third offer was ruled out due to the structure of the deal, the european space agency has allocated money for a new space weather satellite. called vigil, it will be able to see the side of the sun about to face sun, giving...
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May 29, 2024
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we�*re watching merger talks between mining giants bhp and the uk�*s anglo american. so far, both companies have failed to make progress on terms for $49 billion deal. but the clock is ticking, as the deadline for negotiations will expire at 5pm london time on wednesday. that�*s midnight for us here in singapore. let�*s turn to sri lanka now — the government has ordered the nation�*s tea industry to raise workers�* wages by next month. companies that refuse to do so could be taken over by the government. tea producers are warning that the 70% increase in pay for tea workers, to around $5.50 a day, would hurt their business. sri lankan tea is one of the country�*s biggest exports. the industry is worth at least $1.3 billion and brings in much needed foreign currency into the country. ganeshan wignaraja, a visiting seniorfellow at think tank odi, explained why the government was mandating such a move now. the administration in sri lanka announced this wage hike for plantation workers in response to the political cycle the president is facing elections in sep
we�*re watching merger talks between mining giants bhp and the uk�*s anglo american. so far, both companies have failed to make progress on terms for $49 billion deal. but the clock is ticking, as the deadline for negotiations will expire at 5pm london time on wednesday. that�*s midnight for us here in singapore. let�*s turn to sri lanka now — the government has ordered the nation�*s tea industry to raise workers�* wages by next month. companies that refuse to do so could be taken...
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May 22, 2024
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british mining giant anglo—american has were rejected a proposal worth around four $9 billion, but agreed to an extension to make another binding offer. anglo had dismissed the first two offers for being too cheap, but said that third was rolled out due to the structure of the bill. anglo believes it's too complicated and requires its own shareholders. turning to india. they have seen lower inflows of investment for... the amount of money of raise is slipping to five—year lows. these numbers show that india raise about $71 billion in 2023-24. that is raise about $71 billion in 2023—24. that is marginally 2023—211. that is marginally lower than the previous year, but about 13% below the highs that we saw in 2020. the slowdown in foreign inflows raises concerns about india's ambitions to emerge as an alternative investment decision to china. the rbi says inflows have been affected by rising inflation and tough geopolitics. spender capital and private equity funding and startups and private equity funding and startu ps could and private equity funding and startups could also have an im
british mining giant anglo—american has were rejected a proposal worth around four $9 billion, but agreed to an extension to make another binding offer. anglo had dismissed the first two offers for being too cheap, but said that third was rolled out due to the structure of the bill. anglo believes it's too complicated and requires its own shareholders. turning to india. they have seen lower inflows of investment for... the amount of money of raise is slipping to five—year lows. these...
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May 20, 2024
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say, it was appropriate, and indeed, i believe that personal terror is the strong point of western anglo-american intelligence services in the first place, and in general some thoughts, some kind of i don’t know pink snot from the late eighties about well, they’re not like that, they’re not like that they will do it, no matter what, for them this is their strong point, and in general i’m sure that, by the way, they would kill all absolutely unwanted leaders if they could reach them, absolutely everyone, yes, that is, the only question there is that they can reach or they can’t reach it, but this moment is right, not right, yes, so it’s quite possible that this wave of, so to speak, assassinations, which means, on leaders who disagree with the west, it’s not accidental, it will continue, which is what i wanted to say about iran, i'm sure absolutely, that... from the side of sanctions, that is, in fact , the country is headed by a council, so to speak, of spiritual leaders, collective, yes, there are elders, but in principle this is a council, this is a collective form, yes, it has ve
say, it was appropriate, and indeed, i believe that personal terror is the strong point of western anglo-american intelligence services in the first place, and in general some thoughts, some kind of i don’t know pink snot from the late eighties about well, they’re not like that, they’re not like that they will do it, no matter what, for them this is their strong point, and in general i’m sure that, by the way, they would kill all absolutely unwanted leaders if they could reach them,...
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May 20, 2024
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martin richie with the details on the bhp-anglo american potential takeover saga. martin was talking about the cover price. that is the gem at the heart of the anglo business that bhp are angling for. copper is now at 10,900 81, of 3% in the session, year to date it is up 20%. the short squeeze in new york leading to many of the shipments being re-diverted to new york, that is putting further pressure on the upside. 10,981 on cover. gold breaking through fresh records, of 1%, part of it is geopolitics, part of it is expectations around cuts from the fed. iron ore rallying link to the property story in china. property story in china. we will be speaking nvidia, food isn't just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when people are fed, futures are nourished. join the movement to end hunger and together we can open
martin richie with the details on the bhp-anglo american potential takeover saga. martin was talking about the cover price. that is the gem at the heart of the anglo business that bhp are angling for. copper is now at 10,900 81, of 3% in the session, year to date it is up 20%. the short squeeze in new york leading to many of the shipments being re-diverted to new york, that is putting further pressure on the upside. 10,981 on cover. gold breaking through fresh records, of 1%, part of it is...
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May 1, 2024
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one of the reasons behind that was the attempt by bhp to buy anglo american. anglo american refused that offer, however, it did shed light that perhaps some uk stocks are actually cheap and, therefore, there's the potential for some dealmaking. it came in from autos, down by more than 6% for the month. some of the corporate releases, particularly volkswagen didn't help the sector. let's see what else happens for the month of may. >>> we're going to turn our attention now to a bringing news story we brought to you earlier this morning. the protest on columbia university's new york campus. at least 100 people have been arrested at the school after police cleared out protesters from its hamilton hall building and campus last night. demonstrators have barricaded themselves inside the administration building nearly 24 hours earlier to protest the israel/hamas war. the nypd moved in around 9:00 p.m. ohm after the school sent a letter asking for help. nypd officials describing the scene inside hamilton last night. >> they were barricaded with large conference tables,
one of the reasons behind that was the attempt by bhp to buy anglo american. anglo american refused that offer, however, it did shed light that perhaps some uk stocks are actually cheap and, therefore, there's the potential for some dealmaking. it came in from autos, down by more than 6% for the month. some of the corporate releases, particularly volkswagen didn't help the sector. let's see what else happens for the month of may. >>> we're going to turn our attention now to a bringing...
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it is to be expected that relations between anglo-americans and russians will become so strained that it may lead to open conflict between them. our task, says hitler, is now to gain time by all means and to help our opponents come to blows as soon as possible. then germany will introduce itself. a brilliant opportunity to come to an agreement with the anglo-americans in order to destroy bolshevism together with them. according to the fuhrers, at the beginning of 1945, german troops with a powerful blow were supposed to separate the british american army, and then conclude a separate peace with each of them moscow's back. but due to the grandiose offensive of the red army from the baltic sea to the carpathians, the nazis had to transfer all the forces of the western front to the east. thanks to soviet heroism. soldiers, american and british troops easily entered the territory of the third reich from the west, and the hitler regime soon capitulated. the flag of the united kingdom is raised to signify the british capture of their sector of berlin. british marky burn armored personnel ca
it is to be expected that relations between anglo-americans and russians will become so strained that it may lead to open conflict between them. our task, says hitler, is now to gain time by all means and to help our opponents come to blows as soon as possible. then germany will introduce itself. a brilliant opportunity to come to an agreement with the anglo-americans in order to destroy bolshevism together with them. according to the fuhrers, at the beginning of 1945, german troops with a...
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May 23, 2024
05/24
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bhp has won an extra week to convince anglo american on its $49 billion to go -- takeover plan. bhp raised the value of its proposal for a third time earlier this week. let's get to martin ritchie. it looks positive for bhp. they get this one-week extension. talk to us about how the agreement or discussions are moving forward. what tends we get from both parties? >> the saga continues. we did think it was a make or break time yesterday, but as you said bhp gets another week to come up with the firm bid, and the most important thing here is the anglo management are talking with bhp for the first time. the world's biggest mining company has produced three offers already, all refused, but now they are still in proper negotiations at least. that is looking at it positively from that bhp point of view. the most important part is ironing out complexities around the deal in south africa. anglo is a company dedicated -- is a complicated company. it is a multistate bid where some assets have to get sold first. tom: $49 billion question, what will it take to get this deal over the line? >
bhp has won an extra week to convince anglo american on its $49 billion to go -- takeover plan. bhp raised the value of its proposal for a third time earlier this week. let's get to martin ritchie. it looks positive for bhp. they get this one-week extension. talk to us about how the agreement or discussions are moving forward. what tends we get from both parties? >> the saga continues. we did think it was a make or break time yesterday, but as you said bhp gets another week to come up...
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May 2, 2024
05/24
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anglo-americans' u.s. listed shares jumped on the report glencore is considering a potential bid setting up a takeover battle with the hp group. reuters reports that glencore has had preliminary discussions. glencore last week rejected an all stock offer from bhp -- anglo american last week rejected an all-stock offer from bhp. haidi: mike where a decline in profits. our guest joins us for a closer look. this was well signaled from it what was the weakness here? paul: the commodities business declined 47%. its contribution to the net profit from previously at major events like the russia-ukraine war had helped prop up commodity prices. it has been seeing substantially lower inventory management, according to a statement. the investment arm was another weak spot. contribution to net profit there down 48 percent. it has been a weak environment for m&a and dealmaking. no surprise that macquarie signaled this was coming. the cash dropped 3.2 5 billion. 30% decline from last year. dividends sounds pretty good.
anglo-americans' u.s. listed shares jumped on the report glencore is considering a potential bid setting up a takeover battle with the hp group. reuters reports that glencore has had preliminary discussions. glencore last week rejected an all stock offer from bhp -- anglo american last week rejected an all-stock offer from bhp. haidi: mike where a decline in profits. our guest joins us for a closer look. this was well signaled from it what was the weakness here? paul: the commodities business...
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May 29, 2024
05/24
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as well as a concern that time is running out on that wednesday afternoon deadline between bhp and anglo-american to seal that deal. critical minerals is in focus in particular in today's trading session. 6644 is what we are trading, some weakness for the aussie dollar but it is seeing potentially the resilience we have seen in trading and the aussie can withstand even a small move in that inflation number. but the broader picture of the less certain for the aussie, given some prolonged weakness and the fade we are getting from the policy measures out of china. we are of course getting the westpac leading index seeing just a marginal decline at this point. mostly unchanged, 0.03% month on month. annabelle: fairly quiet so far in parts of the equity market but more of the action coming through perhaps in bonds. as well as moves around the dollar. here we are tracking the japanese yen around the 157 mark but take a look at this chart here because you are seeing the japanese yen versus the british pound today. you at a level you have not seen going back 16 years. the weakest since august 2008. it is
as well as a concern that time is running out on that wednesday afternoon deadline between bhp and anglo-american to seal that deal. critical minerals is in focus in particular in today's trading session. 6644 is what we are trading, some weakness for the aussie dollar but it is seeing potentially the resilience we have seen in trading and the aussie can withstand even a small move in that inflation number. but the broader picture of the less certain for the aussie, given some prolonged...
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May 2, 2024
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show that the russians can’t do anything, that they are worth nothing, that the war was won by the anglo-americans, and they may not even mention it, not to mention the crumbling monuments, demolished monuments to the victory, soviet soldier in europe. russophobia, as an ideology, as a philosophy, has long roots. gidemetan, an outstanding swiss politician and philosopher, said that russaphobia generally has a history from charlemagne to the present day, and i completely agree with him, in the ideology of europeans in general there is a lot of racism, a lot of nationalistic ideas. well, officially, if you and i look at the history of philosophy, it was only after the second world war in europe that they began to censor works that were, in principle, extolled colonialism, nationalism and as xenophobic ideas, if we read with you all of hegel, who we all study at the university, we will see such russophobic and then in principle, from the point of view, it means, of the russian nation, the russian nation, it should be banned here, you see, what’s the matter, but they were normal ideas, they were con
show that the russians can’t do anything, that they are worth nothing, that the war was won by the anglo-americans, and they may not even mention it, not to mention the crumbling monuments, demolished monuments to the victory, soviet soldier in europe. russophobia, as an ideology, as a philosophy, has long roots. gidemetan, an outstanding swiss politician and philosopher, said that russaphobia generally has a history from charlemagne to the present day, and i completely agree with him, in the...
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May 27, 2024
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wednesday is the deadline for bhp-anglo american talks. bhp have now made three offers to purchase anglo american. this time around, they are giving them a couple days to come back with a renegotiated offer, we will see whether there is further information about potential divestments. friday, the big event for u.s. investors will be that pce indicator, the fed's preferred inflation gauge. it is expected show moderation to the lowest level this year. also coming up, south africa's president urges people to turn out in the country's general election. we are live in cape town ahead of wednesday's poll. this is bloomberg. ♪ joumanna: welcome back to "bloomberg daybreak europe." president cyril ramaphosa is urging citizens to turn out in wednesday's election, as south africa's ruling anc party risks losing his parliamentary majority for the first time since the end of apartheid in 1994. the minister says the party will come out on top. >> they and see still rub -- the anc represents the best interests of all south africans. that it will climb
wednesday is the deadline for bhp-anglo american talks. bhp have now made three offers to purchase anglo american. this time around, they are giving them a couple days to come back with a renegotiated offer, we will see whether there is further information about potential divestments. friday, the big event for u.s. investors will be that pce indicator, the fed's preferred inflation gauge. it is expected show moderation to the lowest level this year. also coming up, south africa's president...
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May 30, 2024
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anglo american shares off 9% this morning. we saw bigger losses in yesterday's trade. bhp, you would see relief for the acquirer here. not really happening this morning. shares are off by roughly 1%. >>> china's foreign ministry has call on the eu to end the probe into chinese electric vehicles amid reports russells will postpone any tariffs on until after the european elections on june 9th. the ministry claims it is unreason able and not in line with international rules. a commission spokesperson told cnbc the investigation is ongoing. >>> auto trader has posted a pre-tax profit of 345 million pounds per year and revenue climbing to 571 million pounds beating the estimate. the ceo told cnbc the company is benefitting from new and yoord cars. >> the price charges are reasonably stable. even with the evs which have been well covered by the news, those values have come down, but stabilized stabilized. as long as is there a stable environment to buy and sell cars, it is avoiding the sharp changes. at the moment, retailers' health is good. lots of people were not able to b
anglo american shares off 9% this morning. we saw bigger losses in yesterday's trade. bhp, you would see relief for the acquirer here. not really happening this morning. shares are off by roughly 1%. >>> china's foreign ministry has call on the eu to end the probe into chinese electric vehicles amid reports russells will postpone any tariffs on until after the european elections on june 9th. the ministry claims it is unreason able and not in line with international rules. a commission...
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May 20, 2024
05/24
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matt: what is this move from anglo american, what does it mean to you? does it really change the structure of how these things are mined and shipped and sold? ankur: historically, what debeers has done is they have customers called site holders and they have to buy from them. 10 times a year they will say this is your parcel, they cut and polish it, it goes wholesale into the market. that structure may very well remain. the problem i'm seeing is debeers itself went from an operating profit of 550 million in 2022 to -315 million in 2023 and this year will be even lower. revenue for debeers was 6 billion on the core mining operation this year. went down to 3.6 and 23. a 40% drop. in a high fixed costs of business, that becomes the -- difficult in this year will be even tougher. historically they been a proponent for marketing behind natural diamonds but they are no longer able to do that. monopoly power is gone and the core economics of the business are very difficult now. matt: what else in the supply chain has changed the story? lab grown diamonds have b
matt: what is this move from anglo american, what does it mean to you? does it really change the structure of how these things are mined and shipped and sold? ankur: historically, what debeers has done is they have customers called site holders and they have to buy from them. 10 times a year they will say this is your parcel, they cut and polish it, it goes wholesale into the market. that structure may very well remain. the problem i'm seeing is debeers itself went from an operating profit of...
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May 23, 2024
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let me tell you about the other corporate stories we're watching >>> shares of anglo american and bhp after anglo announced they are rejecting the third takeover offer for the company. they submitted an increased and final offer on monday valuing the firm at 38 billion pounds. anglo is still concerned over the structure of the offer, but it is willing to continue to engage extending the deadline for talks until next wednesday anglo american up 0.2% in this morning's trade. >>> and hargreaves has rejected a takeover bid including the capital partners and abu dhabi partners a nice pop to the tune of 9% >>> julius baer missing expectations with 1 billion swiss francs in the first half of the year. the bank is seeing signs of recovery after the negative start to the year. investors not caring about the miss on the top line shares up almost 2%. >>> quick check on u.s. futures this morning you are seeing the nvidia effect up 6% after hours. nasdaq could open higher to the tune of 146 points s&p 500 up by 23 points. the dow jones industrial average seen off by 12 points after a down day for
let me tell you about the other corporate stories we're watching >>> shares of anglo american and bhp after anglo announced they are rejecting the third takeover offer for the company. they submitted an increased and final offer on monday valuing the firm at 38 billion pounds. anglo is still concerned over the structure of the offer, but it is willing to continue to engage extending the deadline for talks until next wednesday anglo american up 0.2% in this morning's trade. >>>...
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May 25, 2024
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their hearts, steadfastness in their fai invat hitler's armies trapped in a vise, fighting an expanding anglo-american canadian force in the west and the sovts■ army in the east. the allies began to tighten the by 1945, time was running out for the german and japanese forces. the year before the allied had empire.deep into japan's by autumn of 1940 for the liberation of the philippines american had begun a devastating fire campaign against japanese cities. bases in thefighting the war. marines landed on the island, iwo jima, midway between the marianas and tokyo. america was now in a position to begin the end game in the war against japan and germany. franklin roosevelt lived long enough to know that victory was assured. but on the morning of april45, d its 2,051st day, an exhausted president roosevelt woke in his cottage at the presidential;t?6 rem springs georgia, worn down by heart disease, the stress of wartime leadership. he had there for a brief vacation at 1 p.m. he was studying papers and sitting for a portrait painter when he suddenly complained of a terrific. seconds later, he. within hour
their hearts, steadfastness in their fai invat hitler's armies trapped in a vise, fighting an expanding anglo-american canadian force in the west and the sovts■ army in the east. the allies began to tighten the by 1945, time was running out for the german and japanese forces. the year before the allied had empire.deep into japan's by autumn of 1940 for the liberation of the philippines american had begun a devastating fire campaign against japanese cities. bases in thefighting the war....
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May 22, 2024
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that is anglo american agreeing to enter talks with its larger rival, b.h.p., after it rejected its third proposal worth $49 billion. this, of course, opens the door to what could be the biggest mining deal in over a decade. will kennedy is bloomberg's senior executive editor for energy and commodities, is here with the latest. so the door is open to talks, but is there a chance here that we could see b.h.p. walk away? >> i think there's every chance. b.h.p. says this is the final offer, although there is probably some wiggle room if there is an agreed deal. but for now they say this is the best and final offer. interestingly, anglo has removed the language in their latest statement saying the offer undervalues the company, which suggests the valuations may be coming close together. but it says it still rejects this complicated structure b.h.p. has proposed on merging to south african units before the merger can go ahead. that seems to be where the sticking point is at this stage. katie: we'll, of course, see if that really was their final offer. but let's get to the heart of the matter h
that is anglo american agreeing to enter talks with its larger rival, b.h.p., after it rejected its third proposal worth $49 billion. this, of course, opens the door to what could be the biggest mining deal in over a decade. will kennedy is bloomberg's senior executive editor for energy and commodities, is here with the latest. so the door is open to talks, but is there a chance here that we could see b.h.p. walk away? >> i think there's every chance. b.h.p. says this is the final offer,...
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May 30, 2024
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the latest is that bhp has said it's not going to go ahead with a firm offer for anglo-american, and this is after the latter rejected an extension in their take over conversations. now, what this saga really has told us is that there's a lot of interest in this space, and we could see mega-deals in the mining industry taking place. this is also because there's actually quite a lot of interest, quite a lot of demand for copper, and that is essentially shedding light on what could happen in this space and why mining is taking such a center stage when it comes to some of the interest among investors. >> and this one is my favorite. prices of orange juice have reached a new high forcing some makers to consider alternative fruits. all right, so what's driving the prices up? but also what are the alternative fruits? >> yeah. so after cocoa prices, coffee prices, we're now also looking at orange juice prices exactly because they have been going up. there's two main reasons behind this. first and foremost is extreme weather conditions, and on top of that disease in brazil, which is the larg
the latest is that bhp has said it's not going to go ahead with a firm offer for anglo-american, and this is after the latter rejected an extension in their take over conversations. now, what this saga really has told us is that there's a lot of interest in this space, and we could see mega-deals in the mining industry taking place. this is also because there's actually quite a lot of interest, quite a lot of demand for copper, and that is essentially shedding light on what could happen in this...
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May 23, 2024
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plus, dig deeper — anglo american gives rival bhp a week to improve its $49 billion takeover offer and secure a mining mega—merger. live from london, this is business today. i'm mark lobel. we start here in the uk, where in exactly six weeks' time the polls will be opening for a general election. prime minster rishi sunak made the shock announcement of a july 4th election just hours after official figures showed the rate of inflation fell in last month to its lowest in almost three years. with his conservative party trailing labour in opinion polls by more than 20 percentage points, he's gambling that voters will give him credit for an economy that has �*turned the corner�*. but any hopes of a boost from lower borrowing costs have evaporated. markets are now betting there will be no cut in uk interest rates before the election and possibly not until the autumn, after inflation fell less than expected last month.
plus, dig deeper — anglo american gives rival bhp a week to improve its $49 billion takeover offer and secure a mining mega—merger. live from london, this is business today. i'm mark lobel. we start here in the uk, where in exactly six weeks' time the polls will be opening for a general election. prime minster rishi sunak made the shock announcement of a july 4th election just hours after official figures showed the rate of inflation fell in last month to its lowest in almost three years....
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May 18, 2024
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the visit of blinkin and the invitation to russia of russia to the anniversary of the landing of the anglo-american, canadian, australian-new zealand troops in normandy in the 44th year, but all, all, all this will be mandatory sure, but after ads for lawn mowers, lubricants or gasoline for refueling, only convenience, comfort and a well -kept plot, order light and reliable kors trimmers from only uah 999, call, gasoline ones... so heavy, loud and uncomfortable, and yes i want to have a beautiful, well-kept plot, there is a solution, garden trimmers kors from unpack tv, order in time at a special price, only from uah 999. kors trimmers are compact, light and very powerful. mowing the lawn in the most difficult places, near fences, along the lines of paths, near the sidewalk, curb, around trees, trimming bushes and even branches, is simple and easy. leave big heavy mowers in the past. choose trimmers. the course is classic or with lawnmower function, light and comfortable, even women can use them, but just look at how powerful the trimmers are, which means our trimmers can handle even the thickest w
the visit of blinkin and the invitation to russia of russia to the anniversary of the landing of the anglo-american, canadian, australian-new zealand troops in normandy in the 44th year, but all, all, all this will be mandatory sure, but after ads for lawn mowers, lubricants or gasoline for refueling, only convenience, comfort and a well -kept plot, order light and reliable kors trimmers from only uah 999, call, gasoline ones... so heavy, loud and uncomfortable, and yes i want to have a...
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and freedom of the press, which anglo american imperialism will they call themselves the democratic free will . but we increase ac to be an isolated and aggressive group, the very wealthy finance calculus to really spend behind the politics and policy of our country. i'm constantly claim that they have a moral superiority based upon the rights of the individual to speak up the right to the free press. just recently we celebrated once again so called weld free. for this day. i think every a will free press pay is celebrated and trumpeted. we must look at any one who makes mention of it and say, if i don't mention julia. so, if i don't point out the obvious hypocrisy, that you are now deliver any message so long as it's in june, with the interests of fine until interest of the american imperialism. but if you speak against them, your rapidly move to be shut down, including criminal proceedings, and of course you're on the phone. and that's been a lot of concern highlighted from the un rough quote uh for quotes you have the condition, the student is still being held on the in bill most even
and freedom of the press, which anglo american imperialism will they call themselves the democratic free will . but we increase ac to be an isolated and aggressive group, the very wealthy finance calculus to really spend behind the politics and policy of our country. i'm constantly claim that they have a moral superiority based upon the rights of the individual to speak up the right to the free press. just recently we celebrated once again so called weld free. for this day. i think every a will...
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May 14, 2024
05/24
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they valued anglo at $43 billion. bhp is seeking to buy anglo for south american copper assets. bloomberg learned four parties in talks to form the next dutch government planned to cancel a 15% tax on share buybacks. the netherlands introduced the tax last year on share buybacks which is scheduled to come into effect in 2025, and it signaled -- trigger day cellophane shares when it was approved by the dutch parliament. a former ubs risk manager has slammed archegos capital management for what he called lives, taking the stand on the trial of the archegos founder. he described the debate over archegos as a client at ubs and how the office deceived the bank about investments. he denies the charges of inflating the value of stocks. coming up, more with the french president macron as he calls for greater financial integration within the european union. that is next. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million peop
they valued anglo at $43 billion. bhp is seeking to buy anglo for south american copper assets. bloomberg learned four parties in talks to form the next dutch government planned to cancel a 15% tax on share buybacks. the netherlands introduced the tax last year on share buybacks which is scheduled to come into effect in 2025, and it signaled -- trigger day cellophane shares when it was approved by the dutch parliament. a former ubs risk manager has slammed archegos capital management for what...
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in fact, the pots he has been supporting, supported from the anglo american establishment forgive for visits to london. stay mister tom. house thing tends to be consistent on having a separate wisdom oriented foreign policy. but none of those supports them reaching out to the united states for special electoral or besides, we appeal to you'll government to recognize the high stakes for south africa in the lead up to. and often most of the n p 2024 is in this context that we now formally request our partners in democracy to engage with consequences in the run up to the election. we have our regional organizations, we have s a d c. we have the african union, and indeed we have the united nations as well. they always come to monitor our elections. in fact, we invite them, we say do come and monitor, but now for a non state entity like this is basically saying we are mortgaging our democracy to other powers know south africa and will allow institution where i will sovereignties handed over on a silver platter. vin, this, the economy feed on site is the 3rd largest political part to you. s
in fact, the pots he has been supporting, supported from the anglo american establishment forgive for visits to london. stay mister tom. house thing tends to be consistent on having a separate wisdom oriented foreign policy. but none of those supports them reaching out to the united states for special electoral or besides, we appeal to you'll government to recognize the high stakes for south africa in the lead up to. and often most of the n p 2024 is in this context that we now formally request...