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...It was also better placed to take over construction sites in case of defaults, she added....
...Bloomberg first reported news that BHP was considering a potential takeover of Anglo American....
...Brera Ilch FC (formerly Bayanzürkh Sporting Ilch) last Saturday sank to a 6-1 loss in its first game under the control of Brera Holdings, a Nasdaq-listed “social impact football (American soccer) business...
...US activist hedge fund Elliott Management has built a $1bn stake in UK-listed mining group Anglo American amid a £31bn ($39bn) approach for the company by BHP....
...Diamond output for Anglo American’s De Beers slumped 23 per cent in the first quarter, as production was cut in response to an expected slow recovery in demand given the pullback in luxury spending and the...
...American reported a net loss of $312mn for the first quarter, compared to $10mn in net income for the same period a year ago....
...He was sacked from Cheniere before its first cargo set sail after a bitter clash with investor Carl Icahn....
...Absent early repayment via massive tax rises, miraculous growth and/or default, “interest payments could total over $6.5tn by the 2050s”....
...Economic data: US first-quarter growth is expected to slow from the fourth quarter of 2023 and new applications for unemployment aid are expected to have edged higher....
...BHP has proposed a £31bn deal to buy Anglo American, one of its largest rivals, in a deal that would mark the mining sector’s biggest on record....
...UK lenders reported a return to growth in the demand for mortgages in the first three months of 2024, according to the latest official data, providing further evidence of the property market stabilising....
...North American private-credit funds have on aggregate called more capital from investors than they’ve distributed for several years now....
...It’s not just the default risk, but where the corporate structure the terms of default will apply....
...De Beers said a nascent recovery had begun in the first quarter, buoyed by improved demand for diamond jewellery around Christmas and new year in the US....
...Democrats would have to agree to vote repeatedly and consistently to keep Johnson in his job — the first test of which could come in the next few days....
...There were some slightly halfhearted attempts to press trading partners on currencies during Donald Trump’s first term....
...The Central American nation priced $1 billion in debt due in 2030 at 89.923 cents on the dollar to yield 12%, according to people familiar with the matter....
...The bank had not been hit by any new defaults in the first two months of the new year, he said. The bank earmarked €350mn for loan loss provisions for 2024, compared with €441mn last year....
...Africa’s second most populous country first sought debt relief in 2021 as pressures from the coronavirus pandemic and conflict in the northern Tigray region hampered economic growth....
...Construction, real estate and financial services companies were particularly at risk of default....
...NatWest reported a 27 per cent drop in first-quarter profits, as UK banks put the windfall gains from rapidly rising interest rates behind them....
...The rating agency’s baseline scenario is for the global default rate to peak at 4.9 per cent in the first three months of 2024, before declining “more modestly and gradually” than it did in both the 2008...
...Bloomberg first reported that BHP was considering a takeover of Anglo. BHP has until May 22 to make a formal offer....
...Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...“We are the first ones to get the ball rolling, but when we are successful, it will be everyone’s success within the industry, except for the executives.”...
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