Funding & Business
Anglo’s Swoop for Teck Leaves Bigger Mining Rivals on Back Foot
Anglo American Plc’s swoop for Teck Resources Ltd. swiftly found rival mining executives jumping on calls with bankers and advisers to find out more about the roughly $60 billion deal — realizing that two of mining’s best prizes had eluded them.
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Botswana’s credit rating was cut by S&P Global Ratings, another blow to its diamond-dependent economy that’s struggling with a slump in demand for its gems.
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Snam SpA’s purchase of a stake in German gas network operator Open Grid Europe from Abu Dhabi’s Infinity Investments is unlikely to close this month as planned, Il Sole 24 Ore reported.
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Funding & Business
<strong>Vaneer Bhansali on Losing Fed Independence as the Biggest Tail Risk Right Now</strong>
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