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...State entity Public Investment Corporation is a major shareholder in Anglo....
...But David Masondo, South Africa’s deputy finance minister and chair of the Public Investment Corporation, which owns 8.4 per cent of Anglo, said the state-owned entity had yet to take a position based on...
...Wanblad said on Monday he was not looking at asset sales and was planning first to make them more resilient to low commodity prices, despite insisting in December that the business has “no sacred cows” —...
...The company started off in 1917 after Ernest Oppenheimer, a German-born diamond trader, raised £1mn to found the Anglo-American Corporation to mine gold around Johannesburg....
...In its first material statement since tabling a bid for Anglo last week, Australian-headquartered BHP sought to “clarify” perceptions that its planned spin-off of Anglo American Platinum and Kumba Iron Ore...
...Anglo, whose largest investor is South African state entity Public Investment Corporation, on Friday rejected BHP’s offer as “highly unattractive”. BHP has until May 22 to submit a formal bid....
...Bloomberg first reported that BHP was considering a takeover of Anglo. BHP has until May 22 to make a formal offer....
...The country’s Public Investment Corporation is Anglo’s biggest shareholder....
...The offer is complicated by its preconditions that it excludes Anglo’s large iron ore and platinum mines in the country and by the fact that South Africa’s Public Investment Corporation is the biggest shareholder...
...Imagine making an offer on a house but only on condition that the owners demolish part of it first....
...BHP in 2001 merged with South African miner Billiton and a South African state-owned entity, Public Investment Corporation, is Anglo’s biggest shareholder....
...Lending by US banks dropped by $36bn in the first three months of the year compared to the end of 2023, the biggest quarterly drop in more than three years....
...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....
...Bloomberg first reported news that BHP was considering a potential takeover of Anglo American....
...Under the Australian group’s initial proposal, Anglo would have to sell its majority stakes in its South African platinum and iron ore businesses to its shareholders for the deal to go ahead....
...BHP’s proposal requires Anglo first to hand its stakes in the Johannesburg-listed platinum and Kumba iron ore businesses to investors. Anglo could do this itself, but has not....
...The Philippines announces first-quarter gross domestic product....
...The Oversea-Chinese Banking Corporation, Singapore’s second-largest lender, has made an offer to fully acquire its life insurance subsidiary Great Eastern Holdings....
...Apple’s global iPhone shipments declined 9.6 per cent in the first three months of 2024 compared with the same period in 2023, according to a report from the International Data Corporation....
...One thing to start: Alphabet’s first-quarter revenue jumped 15 per cent and it announced its first-ever dividend of 20 cents a share alongside a stock buyback of $70bn, buoyed by a rise in earnings across...
...The new 10,000-peso bills were printed in China by its state-owned China Banknote Printing and Minting Corporation....
...First Quantum has legal problems in Panama. Freeport-McMoRan is too big to swallow....
...The forecast surplus, which is projected to hit €10.7bn in 2027, comes after a nearly 25 per cent drop in corporation tax receipts in the first quarter this year, including a sharp decline in March that...
...Overall in the year to date, corporation tax has raised €22bn compared with a little over €21.1bn in the first 11 months of last year....
...She said that the economic landscape and the state of the public finances had changed significantly since she first made the £28bn pledge in late 2021....
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