According to a source familiar with the matter, BHP Group is contemplating an enhanced offer for Anglo American after its initial $39 billion proposal was turned down by the London-listed miner. Discussions are underway regarding a revised bid, which is expected to be presented in the upcoming weeks. However, the group has not yet finalized
Potential
In today’s rapidly evolving technological landscape, it is crucial for investors to stay ahead of the curve by identifying key areas of growth and opportunity. According to ARK Invest’s chief futurist, Brett Winton, there are five groups that tech investors should focus on to gain a competitive edge. These areas include robotics, artificial intelligence, multi-omics
In light of the U.S. House of Representatives passing a bill that would enable the Biden administration to seize Russian assets held in American banks and transfer them to Ukraine, tensions between the United States and Russia have escalated. Dmitry Medvedev, a senior security official in Russia, has issued a stern warning that Russia would
The latest data from the National Bureau of Statistics (NBS) in China revealed that industrial profits in the first quarter experienced a smaller increase compared to the first two months of the year. The profits of China’s industrial firms only rose by 4.3% year-on-year, which is significantly slower than the 10.2% growth recorded in the
As investors eagerly await the conclusion of the U.S. Federal Reserve meeting, all eyes are on whether interest rate cuts are still on the table for this year. While it is unlikely that there will be any rate action, Federal Reserve Chair Jerome Powell’s comments about potential policy easing later in 2024 will be closely
As the U.S. Treasury Department gears up to announce its refunding plans for the upcoming quarter, investors are eagerly anticipating a sense of relief after several quarters of auction size increases. The expectation is that the Treasury will maintain the size of most of its auctions, with potential increases in specific issues such as the
When it comes to making financial decisions, it is crucial to emphasize the importance of conducting thorough due diligence checks. While sources may provide information, it is essential to verify the accuracy and reliability of such information through independent research. Relying solely on the content provided by a website or third party without performing your
As GBP/USD attempts to recover from the 1.2300 level, it is facing key resistance near 1.2520. The pair has been struggling to break above this resistance, with a major bearish trend line forming at this level. The recent decline from the 1.2900 zone has put the British Pound in a bearish zone against the US
The US economy experienced a slowdown in the first quarter of the year, falling below the Federal Reserve’s estimates of its long-run potential. This deceleration, coupled with a rapid rise in inflation, presents a unique challenge for the central bank. While the 1.6% growth rate indicated a cooling economy, the persistently high inflation rates have
As individuals, it is crucial to be aware of the disclaimers and terms provided by financial websites. The content displayed on these platforms, including news, analysis, and opinions, should be viewed as informative rather than prescriptive. It is essential to conduct personal research and seek advice from financial experts before making any investment decisions. The
The gold price is currently experiencing a slight uptick, supported by a decrease in the value of the US dollar. Despite this positive movement, there is a lack of significant follow-through, suggesting that the upside potential may be limited. The global risk sentiment is also playing a role in supporting the precious metal, with traders
The proposal to utilize future interest earned on some $300 billion worth of frozen Russian assets to support Ukraine, instead of seizing them outright, is gaining traction among the Group of Seven nations. The plan involves collateralizing the interest accrued on these assets, estimated at around $5 billion annually, which seems to be a favored