Funding & Business
BHP to Shutter Australia Coal Mine Due to High State Royalties
BHP Group Ltd. said it will shutter one of its Queensland coal mines and slash about 750 jobs across the division, citing high state royalties and weak market conditions that have made low-margin operations unsustainable.
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Indian firms that make active pharmaceutical ingredients, or APIs, are gearing up to supply the basic ingredient that goes in making copies of Novo Nordisk A/S’s weight-loss drugs that are losing patent protection next year in several large markets.
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Australia’s strategic outlook is darkening because of intensifying great-power rivalry between the US and China, according to a senior government official.
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Hellman & Friedman-backed alarm firm Verisure Plc announced it’s planning to raise about €3.1 billion ($3.7 billion) via an initial public offering in Stockholm, a highly anticipated listing that could be Europe’s largest such deal in three years.
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