Funding & Business
Copper Set for Weekly Decline After Trump’s Surprise Tariff Move
Copper was on track for a weekly fall, as President Donald Trump’s shock decision not to place tariffs on refined products had traders rushing to book up London Metal Exchange storage space to house the metal.
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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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Gold held its latest gains that saw it rise above $3,700 an ounce for the first time, boosted by traders’ bets for a rate cut at Wednesday’s Federal Reserve meeting.
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WaterBridge Infrastructure LLC raised $634 million in its upsized US initial public offering, pricing its shares at the top of a marketed range.
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