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...Anglo American’s key South African shareholders are open to a takeover offer from BHP, despite government concerns that the miner’s £30bn-plus proposal is bad for Africa’s most industrialised economy....
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...BHP’s potential bid for fellow miner Anglo American threatens to put a dent in that hard built reputation....
...How poisonous is Anglo American’s ‘poison pill’, really?...
...The investment policies of university endowments are at the heart of the recent US student protests....
...The following year people were glued to their TV sets for “the trial of the century”....
...Close to 52mn Americans, a third of all workers, earn less than $15 per hour. Half of the jobs in the US pay less than $42,000 annually....
...The 107-year-old Anglo is an iconic institution that has dominated the South African economy for most of the past century....
...“Anglo American is a local mining story that goes back more than 100 years in South Africa,” said Zwelakhe Mnguni, chief investment officer of Johannesburg-based Benguela Global Fund Managers....
...Asia and the US are the two growth engines [in the luxury sector], and it would be logical to see more Asian and more American heads,” Rambourg says....
...An additional $447bn of investment has since been announced in 83 separate projects across 25 states....
...China has vastly expanded trade and investment in Latin America this century, displacing the US as the region’s biggest trading partner....
...In the 1920s, more than a century after France lost the Napoleonic wars, and therefore its place as Europe’s leader, Paris was the art centre of the world....
...BHP has said the structure of its proposed takeover of Anglo American, which excludes platinum and iron ore assets in South Africa, did not reflect a negative view of the country as an investment destination...
...BHP said it was “disappointed that the Anglo American board has chosen not to engage”....
...The downturn in the platinum metals markets has come as South Africa’s mining industry has been embattled by power outages and crumbling infrastructure after years of government under-investment....
...Half a century ago, a renowned energy analyst called Philip Verleger became embroiled in an antitrust battle as an adviser to American manufacturers that wanted to sue the mighty Opec oil cartel over price...
...Anglo American’s largest shareholders have criticised BHP’s £31bn proposal to take over its London-listed rival as an “opportunistic” bid that substantially undervalues the company....
...The author Bret Easton Ellis said in 2016 that if his novel American Psycho were updated for this century, its investment banker protagonist could “just as easily be a hedge-funder in New York: Patrick Bateman...
...I should be careful about talking about work-life balance, but the Americans just work harder.”...
...Lectures about China’s fondness for authoritarianism sounded rich coming from a nation that backed anti-communist coups across the region in the last century....
...Reykjavik when the English financier Jim Slater doubled the prize fund; and then again when, after losing the first game due to a Bxh2 blunder and defaulting the second after a dispute over TV cameras, the American...
...A century later the group is the world’s largest producer of platinum and operates some of the world’s highest-quality copper mines in Chile and Peru. It also owns the De Beers diamond group....
...Why does BHP want to own Anglo American? It doesn’t, it wants to own some of Anglo American, specifically the bits that don’t need fixing....
...Without exception the return on public investment is negative,” says JC Bradbury, a sports economist who has studied public funding of US sports venues....
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