Anglo Rejects BHP Takeover Proposal as Significantly Undervalued
Anglo American Plc has rejected a $39 billion takeover proposal from BHP Group, saying it significantly undervalues the company.
Anglo American Plc has rejected a $39 billion takeover proposal from BHP Group, saying it significantly undervalues the company.
The US equity market will continue to rely on a handful of megacap stocks for direction until an uptick in real interest rates ignites recession fears, according to Bank of America Corp. strategists.
Exxon Mobil Corp. and Chevron Corp. declined after disappointing first-quarter performances.
Russia kept interest rates unchanged on Friday, shifting toward a more hawkish guidance as inflation risks from a persistently tight labor market and growing consumer spending limit the central bank’s options.
The European Union could move as much as €200 billion ($215 billion) a year into the real economy if the bloc improves the way savings are targeted, former European Central Bank policymaker Christian Noyer said.
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