TotalEnergies’ Profit Drops Less Than Expected on Resilient Oil
TotalEnergies SE reported a smaller-than-expected drop in first-quarter profit as a resilient oil market partly offset lower gas prices.
TotalEnergies SE reported a smaller-than-expected drop in first-quarter profit as a resilient oil market partly offset lower gas prices.
The last time BHP Group took a swing at another major miner, it was Rio Tinto Plc back in 2007. That could have been a blockbuster $150 billion takeover, but with metals prices crashing as the financial crisis took hold and with China signaling its discontent, the plan crumbled.
The yen’s relentless decline continued in the wake of the Bank of Japan keeping its key interest rate unchanged, with the currency touching a fresh 34-year low versus the dollar.
CVC Capital Partners Plc shares climbed as much as 29% after the company and its investors raised €2 billion ($2.15 billion) in an initial public offering, bringing the long-delayed listing process for one of Europe’s marquee private equity firms to a resolution.
Anglo American Plc has rejected a $39 billion takeover proposal from BHP Group, saying it significantly undervalues the company.
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