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May 29, 2024
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that's why bhp wants them. maybe they might come back in six months' time, but i would hope that anglo has built a bigger rating by then. >> john, thanks so much for your insights. i really appreciate it. john meyer with angle. >>> hess shareholders approve a $53 billion sale to chevron. exxonmobil has challenged chevron's shares of the drilling cons consortium. conocophillips is in advanced talks to buy marathon oil. a deal appears to have been imminent last night. there is still word talks could emerge. >>> shares in american airlines are lower in the extended trade after they issued a profit warning for the second quarter, the flag carrier blaming a weaker pricing power. they now are at $1.5 a share. i read an article about the end of revenge travel by americans. >>> now, still coming up in the show, polls open in south africa if what's set to be the most competitive election in years. we'll have a live report from johannesburg next. don't go away. ah, these bills are crazy. she has no idea she's sitting on
that's why bhp wants them. maybe they might come back in six months' time, but i would hope that anglo has built a bigger rating by then. >> john, thanks so much for your insights. i really appreciate it. john meyer with angle. >>> hess shareholders approve a $53 billion sale to chevron. exxonmobil has challenged chevron's shares of the drilling cons consortium. conocophillips is in advanced talks to buy marathon oil. a deal appears to have been imminent last night. there is...
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May 23, 2024
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and anglo american agreed to talks with bhp, and what could become the biggest mining deal in over a decade. and the outlook for china's summer vacation season and the outlook. let's get you to markets. avril home, it is about ships. -- chips. >> there is a push and pull in terms of monetary policy and earnings from nvidia delivering on the monetary policy front. we saw how the fomc minutes came in more hawkish perhaps more than powell led on during his speech and that is bringing a resurgence in the dollar and putting pressure on asian currencies, particularly on the chinese yen. pboc seems to be leaning in. they said that six at the weakest level since january, allowing declines. we see the korean won under pressure no thanks to the strengthen the dollar but it mostly held steady after the bok kept rates unchanged as expected . yen has been moving up towards 156.9 earlier the session, i want to highlight what we see in chinese equities, it declines on a day where other counterparts are gaining. there also concerns about geopolitical tensions. hang seng leading declines dragging the
and anglo american agreed to talks with bhp, and what could become the biggest mining deal in over a decade. and the outlook for china's summer vacation season and the outlook. let's get you to markets. avril home, it is about ships. -- chips. >> there is a push and pull in terms of monetary policy and earnings from nvidia delivering on the monetary policy front. we saw how the fomc minutes came in more hawkish perhaps more than powell led on during his speech and that is bringing a...
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May 14, 2024
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i don't think bhp will easily win this. the board of anglo don't have that much reason to want to do it. there's a lot of improvement they with make on their own. they have taken some of the bhp ideas, but they don't want to sell the iron/ore material which they sell in south africa. they can demerge platinum and take on board the shareholders. the discount given to assets in south africa is pretty broad and that's really why bhp don't want to be there. they don't have to deal with the south african situation. requiring the target company to offload all those assets in order to achieve a hostile takeover is slightly bizarre. remember, we've got in the background the chinese regulatory authorities who almost certainly want to require the sale of the copper mines, particularly now that chinese is getting a stronghold on the copper trades. >> this is bound to be a long-standing issue and our last guest could see glencore entering the picture. does this make them ripe for purchases from others whether it is the likes of glencor
i don't think bhp will easily win this. the board of anglo don't have that much reason to want to do it. there's a lot of improvement they with make on their own. they have taken some of the bhp ideas, but they don't want to sell the iron/ore material which they sell in south africa. they can demerge platinum and take on board the shareholders. the discount given to assets in south africa is pretty broad and that's really why bhp don't want to be there. they don't have to deal with the south...
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May 30, 2024
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bhp walks away from anglo american, as the uk mining giant refuses to accept its $49 billion takeover offer. if you've done some online shopping recently, you may find it's taking more time to receive your parcels. we find out why. hello and welcome to business today. i'm mariko oi. to our top story this morning — the australian mining giant, bhp, has scrapped its $49 billion offer to buy its british rival, anglo american. its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp's previous offers, saying they undervalued the company and its prospects. spea
bhp walks away from anglo american, as the uk mining giant refuses to accept its $49 billion takeover offer. if you've done some online shopping recently, you may find it's taking more time to receive your parcels. we find out why. hello and welcome to business today. i'm mariko oi. to our top story this morning — the australian mining giant, bhp, has scrapped its $49 billion offer to buy its british rival, anglo american. its decision came after anglo american rejected a request to extend a...
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bhp is another. we are seeing a bit of a downside as we get started with a staggered open in sydney. the aussie dollar is flat at the moment, .6648. we could see a move when it comes to a small slow down with expecting inflation to move lower but still some upward bias coming from the likes of rent, insurance, utilities costs that will complicate the view for the rba. but we still could see some resilience from the aussie dollar at this point, given that we still see some key minerals ranging pretty strongly. it was largely the treasury story overnight, as we see the idea that hikes are still on the table. a couple of weak u.s. no sales did not help either. securities about the pre-auction level. he did see weakening in an earlier offering as well. take a listen. >> i have been asked many times when we take potential interest rate increases off the table. i don't think anybody has formally taken them off the table, even me. i think we could sit here for as long as necessary until we get convinced tha
bhp is another. we are seeing a bit of a downside as we get started with a staggered open in sydney. the aussie dollar is flat at the moment, .6648. we could see a move when it comes to a small slow down with expecting inflation to move lower but still some upward bias coming from the likes of rent, insurance, utilities costs that will complicate the view for the rba. but we still could see some resilience from the aussie dollar at this point, given that we still see some key minerals ranging...
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bhp have until 5:00 p.m. today for a final takeover bid for anglo american, but will the mining giants iron out a final deal? more on that next. this is bloomberg. ♪ >> is a change in mindset which puts competitiveness first. europe has had many years and all of anything else but competitiveness had priority, now we have a very detailed micromanagement of almost everything that omicron correctly address this issue yesterday saying we are competing when there are no rules involved for many areas. i think they have to revise the economic policy and has to reconsider its regulation and be more competitive. >> how can remake the capital markets union an interesting topic for people? a lot of topics for people, a lot of promise for unlocking potential is there. how do you make the capital markets union sexy? >> it affects everybody, it affects people who are saving for whatever reason, for their pension or other purposes. they can do so most efficiently for the capital markets. so we need to organize an environm
bhp have until 5:00 p.m. today for a final takeover bid for anglo american, but will the mining giants iron out a final deal? more on that next. this is bloomberg. ♪ >> is a change in mindset which puts competitiveness first. europe has had many years and all of anything else but competitiveness had priority, now we have a very detailed micromanagement of almost everything that omicron correctly address this issue yesterday saying we are competing when there are no rules involved for...
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but bhp has began trading, seeing weakness, off 0.3% after bhp walked away from its bid to purchase anglo american. bhp shares of retreating a little bit in the early going. elsewhere we have got trading open for u.s. debt, the 10 year at 4.62. yields advanced after a fairly weak auction of the beige book, forecasting slight to moderate growth in the u.s. economy. a little bit of strength for the aussie dollar as well. haidi: let's get more with garfield reynolds who leads our markets live asia coverage. secondly for japan, but more broadly, are we getting to the point where rising yields are starting to create risk for the equities rally? garfield: yes, that is clearly what is happening. in the initial moves higher in the recent path up for treasury yields, equities seem to be mostly -- the calculation was that higher yields are part of a stronger economy, a stronger economy is good for earnings. nvidia earnings came and went and they were very good, and nvidia rallied. the problem was the that he had what was a very narrow equity rally with the mag 7, now it is almost only nvidia that i
but bhp has began trading, seeing weakness, off 0.3% after bhp walked away from its bid to purchase anglo american. bhp shares of retreating a little bit in the early going. elsewhere we have got trading open for u.s. debt, the 10 year at 4.62. yields advanced after a fairly weak auction of the beige book, forecasting slight to moderate growth in the u.s. economy. a little bit of strength for the aussie dollar as well. haidi: let's get more with garfield reynolds who leads our markets live asia...
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let's see how bhp when we get going at the top of the hour. haidi: some other headlines we are tracking, activist investor nelson peltz has reportedly sold his entire disney stake according to cnbc. his fund management last month lost its bid to obtain disney board sheets -- seats. sources say saudi arabia set to launch a secondary offering of shares in oil giant saudi aramco that could raise over $10 billion. we are told the sale could happen as soon as sunday with informal interest all purity -- already being expressed. proceeds will diversify the saudi economy away from oil. conocophillips has agreed to buy marathon. the move expands their footprint in u.s. shale. it also extends a buying spree among major u.s. and oil gas layers. marathon surged following the news. bloomberg is learned sony music is in talks to acquire queen's muted catalog which includes hits like bohemian rhapsody. sony is working with another investor on the purchase, which could total $1 billion. earlier this year sony acquired a half interest in michael jackson's cata
let's see how bhp when we get going at the top of the hour. haidi: some other headlines we are tracking, activist investor nelson peltz has reportedly sold his entire disney stake according to cnbc. his fund management last month lost its bid to obtain disney board sheets -- seats. sources say saudi arabia set to launch a secondary offering of shares in oil giant saudi aramco that could raise over $10 billion. we are told the sale could happen as soon as sunday with informal interest all purity...
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May 20, 2024
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it has taken some of the wind out of the bhp bid because the proposal is so similar to bhp's. all of this comes against the background of record copper price. reaching above $11,000 earlier today. as we know, the whole motivation behind this bid was for those copper mines, so it's been an interesting week in the metals and mining space. tom: we count down to that deadline and they have to make that decision by 5 p.m. wednesday time. martin richie with the details on the bhp-anglo american potential takeover saga. martin was talking about the cover price. that is the gem at the heart of the anglo business that bhp are angling for. copper is now at 10,900 81, of 3% in the session, year to date it is up 20%. the short squeeze in new york leading to many of the shipments being re-diverted to new york, that is putting further pressure on the upside. 10,981 on cover. gold breaking through fresh records, of 1%, part of it is geopolitics, part of it is expectations around cuts from the fed. iron ore rallying link to the property story in china. property story in china. we will be spea
it has taken some of the wind out of the bhp bid because the proposal is so similar to bhp's. all of this comes against the background of record copper price. reaching above $11,000 earlier today. as we know, the whole motivation behind this bid was for those copper mines, so it's been an interesting week in the metals and mining space. tom: we count down to that deadline and they have to make that decision by 5 p.m. wednesday time. martin richie with the details on the bhp-anglo american...
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May 23, 2024
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bhp wants anglo to sell those companies. it leaves shareholders exposed to regulatory risks if the south african government were to impose conditions on the spinoffs of the company's after, so bhp really has to address that to reassure anglo shareholders and reassure regulators in south africa that its plan is satisfactory from their point of view. at the same time, they have to be mindful of bhp's shareholders. i think there is less room for them to lift the offer some more, but there may be wiggle room in the conditions. tom: martin ritchie on this proposed potential deal and how it is moving forward and a one-week extension. thank you very much indeed. a company is keeping its contract with a russian aluminum giant despite sales volumes dwindling and international sanctions. bloomberg understands the deal for delivery of one million tons of aluminum has been rolled over into early 2026. the company has been shipping only a fraction of that amount. let's check in on the commodity space, because there is pressure coming thr
bhp wants anglo to sell those companies. it leaves shareholders exposed to regulatory risks if the south african government were to impose conditions on the spinoffs of the company's after, so bhp really has to address that to reassure anglo shareholders and reassure regulators in south africa that its plan is satisfactory from their point of view. at the same time, they have to be mindful of bhp's shareholders. i think there is less room for them to lift the offer some more, but there may be...
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May 14, 2024
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anglo has failed to keep up with glencore, bhp so it is quite undervalued. last year, the board announced they would undertake a review you of assets and the business. shareholders have been in the dark, not knowing what is next. management promised today that they would release the strategic review and outline value for shareholders. haidi: it has been underway for months and rushed into the market. what is in there that will impress shareholders? paul: it remains to be seen. a strategic review is a precursor to divestment or spin off so we will watch anglos business, fertilizer resource. a $9 billion project with something like a 34 call ahmed or tunnel. this project requires a lot of capital and no joint venture partner. that is something we are watching and the diamond business has been struggling in the current market. haidi: the scramble for copper is on. is this going to spark a wider wave of competitors? paul: yeah. most people are presuming there could be another competitive bid but they are not quite sure where that will come from. broadly speaking
anglo has failed to keep up with glencore, bhp so it is quite undervalued. last year, the board announced they would undertake a review you of assets and the business. shareholders have been in the dark, not knowing what is next. management promised today that they would release the strategic review and outline value for shareholders. haidi: it has been underway for months and rushed into the market. what is in there that will impress shareholders? paul: it remains to be seen. a strategic...
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May 23, 2024
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bhp has said the latest one is final. but anglo has agreed to enter talks with bhp, extending a deadline for a binding offer under uk stock market rules, until may 29. let's go to sydney and speak to todd warren, from tribeca investment partners, which holds shares in both companies. talk us through the options. a reset in talks, anglo could split or a rival could come in? absolutely. obviously, the news that anglo american are willing to talk, the board has opened a jar at least two bhp people to engage further and that is progress and it would indicate there is a willingness to discuss further the deal. the language in the announcements from both companies is key and the devil is in the detail with regards to their wedding of the anglo american in particular being that they have not used the words value. it is more around structure. obviously thatis around structure. obviously that is more structure to be had and it would indicate bhp still have a hope of completing a deal here. still have a hope of completing a deal he
bhp has said the latest one is final. but anglo has agreed to enter talks with bhp, extending a deadline for a binding offer under uk stock market rules, until may 29. let's go to sydney and speak to todd warren, from tribeca investment partners, which holds shares in both companies. talk us through the options. a reset in talks, anglo could split or a rival could come in? absolutely. obviously, the news that anglo american are willing to talk, the board has opened a jar at least two bhp people...
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concerns on the anglo american side, particularly regarding structure and the cost of some of what bhp wants to do with her south african assets. this is an iron ore business in the platinum business if they can get close enough, it's likely we will have an extension if not actually a final bid today. that would at least be progress. it is of course possible that they do not see -- and that one week is not enough and at one point bhp could walk away and would have to stay away for six months. tom: is that the crux of the disagreement, less about the value of this bid and more about the south african assets? >> it is really about the structure. if you look at the change in the initial rejections focused on undervaluing and what we find in rejection statements from targets. it was about undervaluing a
concerns on the anglo american side, particularly regarding structure and the cost of some of what bhp wants to do with her south african assets. this is an iron ore business in the platinum business if they can get close enough, it's likely we will have an extension if not actually a final bid today. that would at least be progress. it is of course possible that they do not see -- and that one week is not enough and at one point bhp could walk away and would have to stay away for six months....
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May 30, 2024
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bhp has made it very public that that is what they want. that's what the whole mining industry wants. very large copper mines are difficult to find and develop. they take 30 years even when you do find them. anglo american's assets are the jewel, surprise everyone wants. the question now for bhp is, if anglo american stumbles, can they come back in six months and get this more cheaply >> do they simply progress with their own options to try to grow this copper production themselves? are there other targets out there? haslinda: thank you so much for that. in the markets, we are keeping an eye on china property stocks on the back of news from logan. this is the chinese developer entering a crucial stage in its a billion-dollar offshore restructuring with just three months to pay or refinance a loan or risk losing control of the key luxury home project. we've heard that jp morgan has been engaged to engage in free work -- in refinancing. down almost 3%. sumac china also under a lot of pressure. down more than 5%. we are keeping an eye on china
bhp has made it very public that that is what they want. that's what the whole mining industry wants. very large copper mines are difficult to find and develop. they take 30 years even when you do find them. anglo american's assets are the jewel, surprise everyone wants. the question now for bhp is, if anglo american stumbles, can they come back in six months and get this more cheaply >> do they simply progress with their own options to try to grow this copper production themselves? are...
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May 21, 2024
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the deadline is tomorrow for bhp and anglo american. when it comes to the yields across europe, but the u.s., the cpi is firmly in the rearv-view mi mirror. we are seeing yields across the eurozone just a touch weaker this week. massive back flows according to the government bond yield spreads this week. the ten-year bund is 2.5%. treasuries with 4.83% for the short end. let's stay in the u.s. markets. i want to show you a snapshot of the futures. application mixed with the s&p 500 up 4 points. the dow jones industrial average is up 9 points. fairly in line with yesterday's trading session. henrik johnson is here with us from deutsche bank. good to see you here. >> thanks for having me. >> maybe a bit of profit taking for the u.s. markets and european markets, but by and large, so much exuberance in the markets. how is this reflected in the daily bread and butter? >> these are the best market conditions we had for primary issuance for two years if not longer. you have credit spreads at three or four-year lows and equity markets at all-t
the deadline is tomorrow for bhp and anglo american. when it comes to the yields across europe, but the u.s., the cpi is firmly in the rearv-view mi mirror. we are seeing yields across the eurozone just a touch weaker this week. massive back flows according to the government bond yield spreads this week. the ten-year bund is 2.5%. treasuries with 4.83% for the short end. let's stay in the u.s. markets. i want to show you a snapshot of the futures. application mixed with the s&p 500 up 4...
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May 22, 2024
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bhp had said before they would prefer to wait until after the election to do this. it's a complicated time to be engineering a bid for a company that has a very long history of more than a century in south africa, but their hand was forced. it all relies on the south african businesses, and what bhp does with the structure of this view to ameliorate those concerns. that is what we will be looking for next week. haidi: how much would they realistically try to sweeten the deal? isn't it the argument that they could just wait? i know the next few years we would imagine there will be greater competition and maybe a higher valuation after the restructuring has happened. martin: we have already had three bids. the last 1, 40 $9 billion. all of them rejected by anglo. i think the signals bhp is standing so far, is that this is final, that valuation is final. anglo with think, is also happy with the valuation. but it is the structure that is important. to the point about waiting until angle itself is a structure that has its own plan, if bhp doesn't make the bid now, it mig
bhp had said before they would prefer to wait until after the election to do this. it's a complicated time to be engineering a bid for a company that has a very long history of more than a century in south africa, but their hand was forced. it all relies on the south african businesses, and what bhp does with the structure of this view to ameliorate those concerns. that is what we will be looking for next week. haidi: how much would they realistically try to sweeten the deal? isn't it the...
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May 22, 2024
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. 0ther loss if it does get taken out by bhp. other companies have been leaving voluntarily, not just via mergers and acquisitions, and so london is in for a battle. it is trying to fight for its place in the globalfinancial to fight for its place in the global financial system. but, you know, it is very finely balanced, less. companies are leaving because of low valuations in the uk, because executive pay, for example, is higher in the us, so there's a number of forces at work. but at the same time, the uk government is fighting back, and the chancellor is holding a summit with company, executives and people from the city to try and people from the city to try and figure out the strategy and stop the leakage of listed companies abroad. find stop the leakage of listed companies abroad. and its interesting, _ companies abroad. and its interesting, because - companies abroad. and its interesting, because we i companies abroad. and its - interesting, because we spoke to the chief executive of the london stock exchange last week, ju
. 0ther loss if it does get taken out by bhp. other companies have been leaving voluntarily, not just via mergers and acquisitions, and so london is in for a battle. it is trying to fight for its place in the globalfinancial to fight for its place in the global financial system. but, you know, it is very finely balanced, less. companies are leaving because of low valuations in the uk, because executive pay, for example, is higher in the us, so there's a number of forces at work. but at the same...
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May 28, 2024
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that is the main reason the hp wants -- the reason bhp wants anglo. anglo actually has its own plan to restructure and that involves spinning off its platinum business and exiting diamond mining and coal. this is a good -- this is good timing for bhp given where anglo's share price is at. the fact anglo has strong roots in south africa and employs a lot of people, the fact this is happening before the south african election potentially complicates things a little more. we will -- it will be interesting to see whether we get another extension and whether bhp wants it enough they will be prepared to change the structure. annabelle: we will continue to monitor that story -- haidi: we will continue to monitor that story. we have to talk about t osha speaking about drama tension to elect a chairman. coming under pressure against two leading proxy advisory firms which have advice shareholders to vote against the founding family heir. it is always fascinating, the board room dramas. this is in part why we are seeing optimism toward improvement in governance
that is the main reason the hp wants -- the reason bhp wants anglo. anglo actually has its own plan to restructure and that involves spinning off its platinum business and exiting diamond mining and coal. this is a good -- this is good timing for bhp given where anglo's share price is at. the fact anglo has strong roots in south africa and employs a lot of people, the fact this is happening before the south african election potentially complicates things a little more. we will -- it will be...
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May 23, 2024
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british mining giant anglo american has rejected bhp's anglo american has rejected bhp�*s third takeover proposal worth around $49 billion. they have agreed to a one—week extension to allow bhp to make another binding offer. anglo american dismissed the first two office for being too cheap but says the third offer was ruled out due to the structure of the deal. in the european says —— space agency has appointed with a satellite to detect the sound energetic outburst. called the visual, it will be able to forecast a further three — four days notice of solar storms, it will be built in britain and cost about $370 million. —— european space agency. that's it for business today, thank you for watching and i'll see you again at the same time tomorrow. for now. hey, i'm zof with the catch up. tonight — a uk general election begins, palestinian statehood and flamingoes. so, i hope you don't have many summer plans because prime minister rishi sunak hasjust announced a new general election. that's right — after months of batting away speculation about when the vote might be, he's
british mining giant anglo american has rejected bhp's anglo american has rejected bhp�*s third takeover proposal worth around $49 billion. they have agreed to a one—week extension to allow bhp to make another binding offer. anglo american dismissed the first two office for being too cheap but says the third offer was ruled out due to the structure of the deal. in the european says —— space agency has appointed with a satellite to detect the sound energetic outburst. called the visual,...
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May 23, 2024
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bhp, seeing declines of 2.7% as we saw anger opening up talks again with bhp after rejecting the offer. it increased the offer from bhp, but it was a more complicated structure from the angle of the shares are trading below the value of the offer. but we are getting the extension of that deadline mid-week london time. 5:00 p.m. had been the deadline but bhp has an additional week to try to convince anglo about its south african plant. the structure of the deal remains a sticking point with anger wanting bhp to cover the cost of a deal in south africa. so that extra week will be the key as to whether the takeover plan will get over the line. that intractable obstacle about what to do when it comes to south africa will be front and sent her the next few days. the valuation is now closer, is what we are hearing. you can get a roundup of the stories you need to know to get your day going. dayb on the terminal, also on the mobile and bloomberg anywhere app as well. you can customize the settings so you only get the news on the industries you care about. this is bloomberg. ♪ ♪ when
bhp, seeing declines of 2.7% as we saw anger opening up talks again with bhp after rejecting the offer. it increased the offer from bhp, but it was a more complicated structure from the angle of the shares are trading below the value of the offer. but we are getting the extension of that deadline mid-week london time. 5:00 p.m. had been the deadline but bhp has an additional week to try to convince anglo about its south african plant. the structure of the deal remains a sticking point with...
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May 1, 2024
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you saw bhp make a bed last week. to put it into perspective, our portfolio that we are now delivering against -- by the time we finished the expansion, almost the same size as anglo american copper portfolio. bhp is billing for. that is a valuable portfolio, as you have seen. we are excited about our business and we are definitely on that delivery path to be able to become a significant copper producer as we are gold. katie: eu brought up the takeover and i'm wondering, are there any anglo assets that you might be interested in, if that bhp takeover proceeds? >> bhp is the ultimate 5000 pound gorilla in the mining industry. is the determined company. right now we are focused on organic growth. katie: we appreciate your time. still ahead, people take a look at the company is making the most social buzz in our social climbers segment, next. this is bloomberg. ♪ ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals how am i going to find a doctor when
you saw bhp make a bed last week. to put it into perspective, our portfolio that we are now delivering against -- by the time we finished the expansion, almost the same size as anglo american copper portfolio. bhp is billing for. that is a valuable portfolio, as you have seen. we are excited about our business and we are definitely on that delivery path to be able to become a significant copper producer as we are gold. katie: eu brought up the takeover and i'm wondering, are there any anglo...
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May 30, 2024
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bhp abandoned its bid for anglo american. we will discuss what that means for mining's biggest names. that is next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." after a five-week battle bhb as abandoned its $49 billion bid for anglo american. the commodities giant walking away from now for what would it been the biggest mining deal in every bag -- in over a decade. talk to us about the main issues. >> the big issue was that anglo's management did not want to talk to bhb, so for five weeks we have seen bhb repeatedly make higher bids to try to engineer this takeover to create a global corporate giant, but anglo's management said, sorry, we did not really like to a or your proposal, which was complex, and we will not talk about it, so by yesterday there was a u.k. deadline for a formal takeover offer to be met. anglo was not talking and bhp said we will not go ahead with this. lizzy: is that it, or do you reckon bhb will come knocking again in another six months? >> the six months you refer to is
bhp abandoned its bid for anglo american. we will discuss what that means for mining's biggest names. that is next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." after a five-week battle bhb as abandoned its $49 billion bid for anglo american. the commodities giant walking away from now for what would it been the biggest mining deal in every bag -- in over a decade. talk to us about the main issues. >> the big issue was that anglo's management did...
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May 19, 2024
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whether bhp can pull up with a third offer is yet to be seen. just to recap, they came back to the board and said u.s. $43 billion are you interested? anglo currently released results of a strategic review, which we spoke about last week. just about everything we spoke about last week came true. they are going to divest their platinum business, divest their coal business, and debeers diamond business. simplifying itself into three different areas. controversially, they are holding onto the woodsmith proj ect, which is a $9 billion fertilizer mine. the market for poly halite is relatively unknown. it is a commodity that does not quite have a market there yet. it's also been a bit of a cash sink. they have been spending about $1 billion a year on it. they will also hang onto their copper assets, which is the reason why bhp is looking to take over anglo. and there holding onto their iron ore business which came as a bit of a shock to us. the ball is now very much in the shareholder's court. a big question that is presenting itself to shareholders i
whether bhp can pull up with a third offer is yet to be seen. just to recap, they came back to the board and said u.s. $43 billion are you interested? anglo currently released results of a strategic review, which we spoke about last week. just about everything we spoke about last week came true. they are going to divest their platinum business, divest their coal business, and debeers diamond business. simplifying itself into three different areas. controversially, they are holding onto the...
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May 30, 2024
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in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver
in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver
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May 29, 2024
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in a statement, bhp ceo mike henry said... anglo had rejected bhp's previous offers, saying they undervalued the company and its prospects. speaking of deals, it's been a big week for consolidation in the energy sector. the latest development? conocophillips�*s acquisition of marathon oil in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic. people are stuck at home, not going out and not driving their cars. 0il at home, not going out and not driving their cars. oil prices crashed, but sent them, prices have come back then. —— back—up. take conocophillips. the share price has nearly tripled and now it's acquiring marathon 0il worth $25 billion including debt. that will help conoco expand drilling in mexico, north dakota and texas and are to equatorial guinea. large and midsize oil companies have been competing to buy up the smaller rivals. according to reuters, the deal—making totalled some 250 billion last year. 60 billion of that is than
in a statement, bhp ceo mike henry said... anglo had rejected bhp's previous offers, saying they undervalued the company and its prospects. speaking of deals, it's been a big week for consolidation in the energy sector. the latest development? conocophillips�*s acquisition of marathon oil in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic. people are stuck at home, not going out and not driving their cars. 0il at...
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May 23, 2024
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but they have agreed to a one—week extension, to allow bhp to make another binding offer. anglo had dismissed the first two offers for being too cheap, but says the third offer was ruled out due to the structure of the deal, the european space agency has allocated money for a new space weather satellite. called vigil, it will be able to see the side of the sun about to face sun, giving forecasters a further three to four days' notice of solar storms. it will be built in britain at a cost of about $370 million. and that's it for this edition of business today. thanks for watching. hey, i'm zof with the catch up. tonight — a uk general election begins, palestinian statehood and flamingoes. so, i hope you don't have many summer plans because prime minister rishi sunak hasjust announced a new general election. that's right — after months of batting away speculation about when the vote might be, he's finally pulled the trigger for the fourth ofjuly. the conservatives are currently behind the labour party in the polls, but after positive news today that the rate of inflation
but they have agreed to a one—week extension, to allow bhp to make another binding offer. anglo had dismissed the first two offers for being too cheap, but says the third offer was ruled out due to the structure of the deal, the european space agency has allocated money for a new space weather satellite. called vigil, it will be able to see the side of the sun about to face sun, giving forecasters a further three to four days' notice of solar storms. it will be built in britain at a cost of...
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May 13, 2024
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mining giant bhp says that, anglo american has rejected a revised buyout offer valuing the company at $42.67 billion. this is the second offer anglo american has turned down since april, calling it opportunistic and significantly undervalueing its prospects. bhp claims a combination of the two businesses would deliver significant value for all shareholders. a bid by australia's online watchdog to impose a ban on posts on acts. thejudge refused to to impose a ban on posts on acts. the judge refused to extend a temporary order to take down the post showing the stabbing of a sydney priest in april. pending further legal action. we sydney priest in april. pending further legal action.— sydney priest in april. pending further legal action. we have had comments _ further legal action. we have had comments from _ further legal action. we have had comments from the _ further legal action. we have had comments from the said - further legal action. we have had comments from the said vice - further legal action. we have hadl comments from the said vice chair saying that the bank should keep of
mining giant bhp says that, anglo american has rejected a revised buyout offer valuing the company at $42.67 billion. this is the second offer anglo american has turned down since april, calling it opportunistic and significantly undervalueing its prospects. bhp claims a combination of the two businesses would deliver significant value for all shareholders. a bid by australia's online watchdog to impose a ban on posts on acts. thejudge refused to to impose a ban on posts on acts. the judge...
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May 14, 2024
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what does that mean in the context of bhp looking to purchase anglo american? it seems like the fight continues. this comes shortly after anglo american actually said no to bhp's 34 billion pound offer not so long ago. we will see what it means for the overall market. the ftse 100 is still above 8,400 points. very close on to the record figure overall. you are seeing the sectors with the likes of autos being the ones that the market is looking toward here up .80%. utilities gaining .30%. travel and leisure is down more than 1% as we head toward the summer. that's the picture for you right now. basic resources sits .50% down off the anglo american news. anglo american is down significantly in the early morning trade, dom. >> thank you, arabile gumede in london with the latest. let's keep this conversation going and bring in mark avalone. arabile mentioned aw wait-and-se mode. the inflation story, mark, is it front and center for you and investors out there? >> good morning. we have never felt that inflation had been tamed. we talk about it and we were saying lev
what does that mean in the context of bhp looking to purchase anglo american? it seems like the fight continues. this comes shortly after anglo american actually said no to bhp's 34 billion pound offer not so long ago. we will see what it means for the overall market. the ftse 100 is still above 8,400 points. very close on to the record figure overall. you are seeing the sectors with the likes of autos being the ones that the market is looking toward here up .80%. utilities gaining .30%. travel...
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May 30, 2024
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bhp walks away from anglo american, as the uk mining giant refuses to accept its $49 billion takeover offer. if you�*ve done some online shopping recently, you may find it�*s taking more time to receive your parcels. we find out why. hello and welcome to business today. i�*m mariko 0i. to our top story this morning — the australian mining giant, bhp, has scrapped its $49 billion offer to buy its british rival, anglo american. its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant�*s copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american.
bhp walks away from anglo american, as the uk mining giant refuses to accept its $49 billion takeover offer. if you�*ve done some online shopping recently, you may find it�*s taking more time to receive your parcels. we find out why. hello and welcome to business today. i�*m mariko 0i. to our top story this morning — the australian mining giant, bhp, has scrapped its $49 billion offer to buy its british rival, anglo american. its decision came after anglo american rejected a request to...
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May 30, 2024
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the deal between bhp and anglo is not going through. not for the next six months. that is putting a lot of pressure here on those plays. oil and gas doing pretty well yesterday. we saw the two mega deals in the u.s., but today that sector is re-tracing. let's check the u.s. close yesterday. the dow jones industrial average off by a little bit more than 1%. the s&p 500 with more than 400 stocks in the red yesterday. off .75%. all of the sectors in the red again. it is the yields that trended higher. nasdaq off 0.6%. futures are still looking bleak. s&p 500 is off 21 points. the dow jones industrial average could be losing 300 points. nasdaq off 30 points. let's see if those recover in the next couple hours here given we have a slightly firmer print here when it comes to the european trading session. on to the bond markets. that was the source of the jitters in the markets with the equity markets. we see the yields on the decline. ten-year bund yield is close to the six-month high. we have the german cpi numbers out for the month may which did come in higher at 2.8%.
the deal between bhp and anglo is not going through. not for the next six months. that is putting a lot of pressure here on those plays. oil and gas doing pretty well yesterday. we saw the two mega deals in the u.s., but today that sector is re-tracing. let's check the u.s. close yesterday. the dow jones industrial average off by a little bit more than 1%. the s&p 500 with more than 400 stocks in the red yesterday. off .75%. all of the sectors in the red again. it is the yields that trended...
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May 15, 2024
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they talked about a room for a third offer from bhp. bhp's previous was rejected and announced a revamp that includes exiting diamonds, platinum and coal. paramount is said to have had discussions with amazon about expanding ties between their businesses. paramount has struggled with add sales and money-losing businesses, fielding takeover offers from an independent producer and global apollo management. bloomberg learned that hpcc -- hsbc is going to point its next ceo from internal candidates. we are told that they have engaged an external recruitment firm to benchmark them against external candidates for the role. annabelle: the bridgewater ceo his warning investors of becoming overconfident in positions. we spoke to the ceo at the qatar economic forum. >> what environment is your portfolio going to perform well in and where is it not and then stress tested. say, hey, what if policy stays type or what if inflation remains higher, what if u.s. outperformance will not persist, what will happen to my portfolio? measure that against her
they talked about a room for a third offer from bhp. bhp's previous was rejected and announced a revamp that includes exiting diamonds, platinum and coal. paramount is said to have had discussions with amazon about expanding ties between their businesses. paramount has struggled with add sales and money-losing businesses, fielding takeover offers from an independent producer and global apollo management. bloomberg learned that hpcc -- hsbc is going to point its next ceo from internal...
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May 29, 2024
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bhp has asked for an extension to buy anglo american. they say the likelihood of this deal going through is only at 50-50. i want to show you the sectors one by one here. you will see that telco's insurance retail holding up reasonably well along with oil and gas that probably has to do with the big deals that you're talking about on your side of the pond. on the downside, financial, travel and leisure and household down. we're seeing airlines are under pressure on the back of the american airlines slashing its sales guidance. back over to you. >> anglo american story has been continuing for weeks now. it will be interesting to see how it resolves itself. >>> time now for our big money mo moves. >>> we're going to start out with cava. they expect sales to grow by 6.5% from the previous forecast as customers lean toward more protein. for more catch the ceo of cava on mo"money movers"" later toda on cnbc. >>> robinhood sl working on a $1 billion share buyback. they're bringing in new customers by offering credit cards and share accounts. u
bhp has asked for an extension to buy anglo american. they say the likelihood of this deal going through is only at 50-50. i want to show you the sectors one by one here. you will see that telco's insurance retail holding up reasonably well along with oil and gas that probably has to do with the big deals that you're talking about on your side of the pond. on the downside, financial, travel and leisure and household down. we're seeing airlines are under pressure on the back of the american...
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May 1, 2024
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. >>> anglo american chair to meet with the top shareholders over bhp bid. he said he was banned from proposing the $39 billion bid and he said business was proceeding as usual. they rejected last week's proposal saying it was too opportunistic, however, right ters reported they're improving. you can see shares up 1.25%. >>> we're also taking a look at next. they maintained its forecast of 2.5% sales growth across the year. you can see shares are down just a half a percent. and as on the martin shares are on the move. the luxury carmaker made fewer cars than expected. it has a plan to ramp up its new production model and keep its outlook unchanged. investor didn't like that. 7% decline when it comes to aston martin's shares. and most of europe is taking the day off due to a european holiday. ftse up a third of a percent. we mentioned some of the stocks moving the ftse. anglo-american pushing the stocks. we also want to take a look at u.s. futures ahead of a big fed decision day today. coming up we'll hear from fed chair jay powell around 2:00 p.m. eastern ti
. >>> anglo american chair to meet with the top shareholders over bhp bid. he said he was banned from proposing the $39 billion bid and he said business was proceeding as usual. they rejected last week's proposal saying it was too opportunistic, however, right ters reported they're improving. you can see shares up 1.25%. >>> we're also taking a look at next. they maintained its forecast of 2.5% sales growth across the year. you can see shares are down just a half a percent....
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May 13, 2024
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anglo-american has failed to keep up including glencore and bhp. >> and -- and -- and -- and they are under pressure so we understand we will get more details? paul: yeah, it was last year when anglo-americans board launched a formal review into its internal assets and future strategy. strategic review is the precursor to divestments or spinoffs, however shareholders have been left in the dark ever since that strategic review was launched. overnight, the company said it would release results of the review so they have been scrambling to present shareholders with an option of growth and promising value in the future. popular business will be a significant asset as the world transitions, it's a key metal and that is why vhp is seven kane their hands on it. there are a few things the board could do, the first is a fertilizer project, $9 billion project eating up a lot of money. that is one option to slow down or find a joint venture partner. two other assets, one is the diamond business struggling for quite some time and the amplatz business. we wait to see what the strategic review says
anglo-american has failed to keep up including glencore and bhp. >> and -- and -- and -- and they are under pressure so we understand we will get more details? paul: yeah, it was last year when anglo-americans board launched a formal review into its internal assets and future strategy. strategic review is the precursor to divestments or spinoffs, however shareholders have been left in the dark ever since that strategic review was launched. overnight, the company said it would release...
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May 30, 2024
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australian mining giant bhp is walking away from its $49 billion attempt to buy uk rival anglo american, after a month of wrangling between the two. bhp was keen to get hold of anglo's copper mines, with demand for the metal soaring because of the transition to renewables and electric power. but the future of anglo's—platinum mining business in south africa proved politically sensitive. the czech billionaire who is buying the uk's royal mail says the firm needs major investment to avoid a "fatal" loss of market share. speaking to the reuters news agency, daniel kretinsky said europe's postal market is evolving towards "out of home delivery" — where people collect parcels from delivery lockers and pick—up spots. the london newspaper the evening standard has announced its set to scrap its daily editions in favour of a weekly publication. the newspaper is currently circulated free of charge at the capital's underground stations from monday to friday. but the paper is blaming home working and the availability of wi—fi on the tube for falling circulation. coming up, preparing for tak
australian mining giant bhp is walking away from its $49 billion attempt to buy uk rival anglo american, after a month of wrangling between the two. bhp was keen to get hold of anglo's copper mines, with demand for the metal soaring because of the transition to renewables and electric power. but the future of anglo's—platinum mining business in south africa proved politically sensitive. the czech billionaire who is buying the uk's royal mail says the firm needs major investment to avoid a...
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May 29, 2024
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we�*re watching merger talks between mining giants bhp and the uk�*s anglo american. so far, both companies have failed to make progress on terms for $49 billion deal. but the clock is ticking, as the deadline for negotiations will expire at 5pm london time on wednesday. that�*s midnight for us here in singapore. let�*s turn to sri lanka now — the government has ordered the nation�*s tea industry to raise workers�* wages by next month. companies that refuse to do so could be taken over by the government. tea producers are warning that the 70% increase in pay for tea workers, to around $5.50 a day, would hurt their business. sri lankan tea is one of the country�*s biggest exports. the industry is worth at least $1.3 billion and brings in much needed foreign currency into the country. ganeshan wignaraja, a visiting seniorfellow at think tank odi, explained why the government was mandating such a move now. the administration in sri lanka announced this wage hike for plantation workers in response to the political cycle the president is facing elections in sep
we�*re watching merger talks between mining giants bhp and the uk�*s anglo american. so far, both companies have failed to make progress on terms for $49 billion deal. but the clock is ticking, as the deadline for negotiations will expire at 5pm london time on wednesday. that�*s midnight for us here in singapore. let�*s turn to sri lanka now — the government has ordered the nation�*s tea industry to raise workers�* wages by next month. companies that refuse to do so could be taken...
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May 27, 2024
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the extended bid for bhp to come back with the proposed restructure of their proposal. annabelle: still ahead, the french finance minister saying the entire world economy is at risk from a glut of cheap chinese exports, but the china theme, beijing seeking south korea to maintain stable supply chains as they begin their first three-way summit japan since 2019. we will have details on that. this is bloomberg. ♪ [introspective music] recipes. recipes that are more than their ingredients. ♪ [smoke alarm] recipes written by hand and lost to time... can now be analyzed and restored using the power of dell ai. preserving memories and helping to write new ones. ♪ haidi: taking a look at live pictures of the boj governor ueda speaking at a conference relating to the boj's direction for monetary policy ahead, but what he is saying according to the text of his speech that has been released, essentially that we need to rethink our inflation expectations and some challenges are very difficult that are facing policymakers in japan. the weaker yen and how much that is starting
the extended bid for bhp to come back with the proposed restructure of their proposal. annabelle: still ahead, the french finance minister saying the entire world economy is at risk from a glut of cheap chinese exports, but the china theme, beijing seeking south korea to maintain stable supply chains as they begin their first three-way summit japan since 2019. we will have details on that. this is bloomberg. ♪ [introspective music] recipes. recipes that are more than their ingredients. ♪...
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May 14, 2024
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bhp is seeking to buy anglo for south american copper assets. bloomberg learned four parties in talks to form the next dutch government planned to cancel a 15% tax on share buybacks. the netherlands introduced the tax last year on share buybacks which is scheduled to come into effect in 2025, and it signaled -- trigger day cellophane shares when it was approved by the dutch parliament. a former ubs risk manager has slammed archegos capital management for what he called lives, taking the stand on the trial of the archegos founder. he described the debate over archegos as a client at ubs and how the office deceived the bank about investments. he denies the charges of inflating the value of stocks. coming up, more with the french president macron as he calls for greater financial integration within the european union. that is next. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million peop
bhp is seeking to buy anglo for south american copper assets. bloomberg learned four parties in talks to form the next dutch government planned to cancel a 15% tax on share buybacks. the netherlands introduced the tax last year on share buybacks which is scheduled to come into effect in 2025, and it signaled -- trigger day cellophane shares when it was approved by the dutch parliament. a former ubs risk manager has slammed archegos capital management for what he called lives, taking the stand...
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May 2, 2024
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offer from bhp. haidi: mike where a decline in profits. our guest joins us for a closer look. this was well signaled from it what was the weakness here? paul: the commodities business declined 47%. its contribution to the net profit from previously at major events like the russia-ukraine war had helped prop up commodity prices. it has been seeing substantially lower inventory management, according to a statement. the investment arm was another weak spot. contribution to net profit there down 48 percent. it has been a weak environment for m&a and dealmaking. no surprise that macquarie signaled this was coming. the cash dropped 3.2 5 billion. 30% decline from last year. dividends sounds pretty good. but it is down from $4.50 earlier as well. macquarie says the ongoing economic uncertainties subdued market conditions and other parts of the world as well. so a fairly downbeat forecast as well. annabelle: why did we get on the guidance front from macquarie? paul: very little. this was closely and this was
offer from bhp. haidi: mike where a decline in profits. our guest joins us for a closer look. this was well signaled from it what was the weakness here? paul: the commodities business declined 47%. its contribution to the net profit from previously at major events like the russia-ukraine war had helped prop up commodity prices. it has been seeing substantially lower inventory management, according to a statement. the investment arm was another weak spot. contribution to net profit there down 48...
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May 24, 2024
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we are seeing the bhp bit for anglo which is a bid for copper. are they right to be bullish >> the angle for anglo is the underlining issue. we don't have enough copper assets in the pipeline we have been talking about this for years and it is a surprising asset. the other issue is the demand is inel inelastic. you have a market that the demand is growing faster than supply and if nothing changes on the technology side or the c consumption side, that is a bullish call manufacturers don't sit and wait to run out of copper it will happen at some stage for now, under the current status, we will have sustained deficits >> let's see that big mega deal will go through. i know you are not an equities analyst. i do wonder how much uncertainty is attached to the outlook for copper with the supply outlook or the electrification of the world? when it comes to evs, we are seeing a certain pullback in terms of what can be implemented or a rollback in the very strict targets by the eu, for example how much unscertainty is there >> they downgraded our ev by two
we are seeing the bhp bit for anglo which is a bid for copper. are they right to be bullish >> the angle for anglo is the underlining issue. we don't have enough copper assets in the pipeline we have been talking about this for years and it is a surprising asset. the other issue is the demand is inel inelastic. you have a market that the demand is growing faster than supply and if nothing changes on the technology side or the c consumption side, that is a bullish call manufacturers don't...
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May 29, 2024
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ed: php does not intend to make a firm offer, your number bhp wanted anglo to extend the deadline that would allow talks for a deal but they've issued a statement saying they do not intend to make a firm offer. we are reading through the statement basically bhp saying they are unable to reach an agreement on views in respect of south african regulatory risk and also the cost of the deal. this is bloomberg technology. ♪ caroline: let's talk about openai. a former board member of openai has actually said the board didn't know about the original 2022 launch of chatgpt until afterwards and they only found out about it on twitter or acts. let's bring in seth for more on what seems to be more discussion in the press, i had already written about some of their worries about ai governance. this keeps building. >> a former board member who is going rogue at this moment really bashing the company and its current leadership. here is their biggest best-known product. no previous awareness, there's a caveat there. when they're released this product it was kind of a slow burn initially. people didn
ed: php does not intend to make a firm offer, your number bhp wanted anglo to extend the deadline that would allow talks for a deal but they've issued a statement saying they do not intend to make a firm offer. we are reading through the statement basically bhp saying they are unable to reach an agreement on views in respect of south african regulatory risk and also the cost of the deal. this is bloomberg technology. ♪ caroline: let's talk about openai. a former board member of openai has...
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May 27, 2024
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wednesday is the deadline for bhp-anglo american talks. bhp have now made three offers to purchase anglo american. this time around, they are giving them a couple days to come back with a renegotiated offer, we will see whether there is further information about potential divestments. friday, the big event for u.s. investors will be that pce indicator, the fed's preferred inflation gauge. it is expected show moderation to the lowest level this year. also coming up, south africa's president urges people to turn out in the country's general election. we are live in cape town ahead of wednesday's poll. this is bloomberg. ♪ joumanna: welcome back to "bloomberg daybreak europe." president cyril ramaphosa is urging citizens to turn out in wednesday's election, as south africa's ruling anc party risks losing his parliamentary majority for the first time since the end of apartheid in 1994. the minister says the party will come out on top. >> they and see still rub -- the anc represents the best interests of all south africans. that it will climb
wednesday is the deadline for bhp-anglo american talks. bhp have now made three offers to purchase anglo american. this time around, they are giving them a couple days to come back with a renegotiated offer, we will see whether there is further information about potential divestments. friday, the big event for u.s. investors will be that pce indicator, the fed's preferred inflation gauge. it is expected show moderation to the lowest level this year. also coming up, south africa's president...
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May 30, 2024
05/24
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MSNBCW
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. >> all right, mining giant bhp is walking away from its roughly $50 billion take over bid for anglo american. what does that mean for the mining industry? >> so this has been a bit of a saga really that has keeping us all entertained over the last couple of weeks or so. the latest is that bhp has said it's not going to go ahead with a firm offer for anglo-american, and this is after the latter rejected an extension in their take over conversations. now, what this saga really has told us is that there's a lot of interest in this space, and we could see mega-deals in the mining industry taking place. this is also because there's actually quite a lot of interest, quite a lot of demand for copper, and that is essentially shedding light on what could happen in this space and why mining is taking such a center stage when it comes to some of the interest among investors. >> and this one is my favorite. prices of orange juice have reached a new high forcing some makers to consider alternative fruits. all right, so what's driving the prices up? but also what are the alternative fruits? >> ye
. >> all right, mining giant bhp is walking away from its roughly $50 billion take over bid for anglo american. what does that mean for the mining industry? >> so this has been a bit of a saga really that has keeping us all entertained over the last couple of weeks or so. the latest is that bhp has said it's not going to go ahead with a firm offer for anglo-american, and this is after the latter rejected an extension in their take over conversations. now, what this saga really has...
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May 4, 2024
05/24
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KRON
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there was nobody hit in that vehicle that the victim exit the freeway spoke with bhp. >> we've got a good description of the suspect which was a toyota corolla and drew the next few hours of investigation. current found a license plate. we need a vehicle without a runner. part and one of our officers actually located the vehicle. in a shopping plaza in rohnert park. in the vehicle was occupied at that time. we got extra patrol vehicles over there. to make contact with the driver. but then he fled the so that's when this pursuit started. and that was about 2 o'clock this afternoon. >> it went down 101 and then the vehicle was spotted. it was near the richmond. sandra fell bridge to police chase goldman frost, the to the east bay. yes. >> yes into these bay are in across. 37. >> 37 planes traveling. >> around normal freeway speeds like 65 70 miles an hour. so we yeah behind it the whole way with our air above. >> and i'm sorry. it was it across highway 37 or the richmond, sandra fell bridge had to go for the north bay stay well kept turning around on it was about yeah. to kind of went
there was nobody hit in that vehicle that the victim exit the freeway spoke with bhp. >> we've got a good description of the suspect which was a toyota corolla and drew the next few hours of investigation. current found a license plate. we need a vehicle without a runner. part and one of our officers actually located the vehicle. in a shopping plaza in rohnert park. in the vehicle was occupied at that time. we got extra patrol vehicles over there. to make contact with the driver. but then...
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May 29, 2024
05/24
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this is a big factor in that story between bhp. lisa: they say 49 billion dollars doesn't come close to the value in its whether bhp will offer them more and they have until 5 p.m. london time. annmarie: jeff curry says the best trait he seen in his lifetime. jonathan: more on that later. up next, the white house holding the line. >> i have no policy changes to speak to, it just happened and the israelis will investigate it and we will be taking great interest in what they find in that investigation. jonathan: that conversation is coming up next. live from new york city this morning, good morning. ♪ [introspective music] recipes. recipes that are more than their ingredients. ♪ [smoke alarm] recipes written by hand and lost to time... can now be analyzed and restored using the power of dell ai. preserving memories and helping to write new ones. ♪ hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from manag
this is a big factor in that story between bhp. lisa: they say 49 billion dollars doesn't come close to the value in its whether bhp will offer them more and they have until 5 p.m. london time. annmarie: jeff curry says the best trait he seen in his lifetime. jonathan: more on that later. up next, the white house holding the line. >> i have no policy changes to speak to, it just happened and the israelis will investigate it and we will be taking great interest in what they find in that...
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May 23, 2024
05/24
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BBCNEWS
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plus, dig deeper — anglo american gives rival bhp a week to improve its $49 billion takeover offer and secure a mining mega—merger. live from london, this is business today. i'm mark lobel. we start here in the uk, where in exactly six weeks' time the polls will be opening for a general election. prime minster rishi sunak made the shock announcement of a july 4th election just hours after official figures showed the rate of inflation fell in last month to its lowest in almost three years. with his conservative party trailing labour in opinion polls by more than 20 percentage points, he's gambling that voters will give him credit for an economy that has �*turned the corner�*. but any hopes of a boost from lower borrowing costs have evaporated. markets are now betting there will be no cut in uk interest rates before the election and possibly not until the autumn, after inflation fell less than expected last month.
plus, dig deeper — anglo american gives rival bhp a week to improve its $49 billion takeover offer and secure a mining mega—merger. live from london, this is business today. i'm mark lobel. we start here in the uk, where in exactly six weeks' time the polls will be opening for a general election. prime minster rishi sunak made the shock announcement of a july 4th election just hours after official figures showed the rate of inflation fell in last month to its lowest in almost three years....
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May 22, 2024
05/24
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the clock is ticking — mining giant bhp has until the end of the day to make a formal offer to buy its uk—based rival, anglo american. and — referees with eyes in the back of their heads — we take a look at the latest tech transforming sports. live from london this, is business today. i'm sally bundock. we start in the uk, where, injust underan hour and a half's time, we'll be getting the latest reading on the rate of price rises. the consumer price index figure for april is expected to show a significant drop in inflation, which has been heading in the right direction for the last few months, easing the pressure on the cost of living, and heading towards the bank of england's targets. let's take a look at the numbers. in february, inflation was running at 3.4% — it then came down to a two—and—a—half—year low of 3.2% in march, and now analysts are predicting inflation could come down to the bank of england's target rate of 2% for april. but households and businesses may not feel any better off in the short term, as ben king reports.
the clock is ticking — mining giant bhp has until the end of the day to make a formal offer to buy its uk—based rival, anglo american. and — referees with eyes in the back of their heads — we take a look at the latest tech transforming sports. live from london this, is business today. i'm sally bundock. we start in the uk, where, injust underan hour and a half's time, we'll be getting the latest reading on the rate of price rises. the consumer price index figure for april is expected to...
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May 29, 2024
05/24
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BBCNEWS
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we're also watching merger talks between mining giants bhp and the uk's anglo american. so far both companies have failed to make progress on terms of deal worth $49 billion. but the clock is ticking, as the deadline for negotiations will expire at 5pm london time on wednesday. when we come back — one dunk or two? today is national biscuit day here in the uk, and we'll be examining our insatiable appetite for the crunchy stuff. we will have a fun quiz and a special guest that you won't want to miss. around the world and across the uk, this is bbc news. welcome back to the programme. as the ecb edges closer to cutting interest rates next week, a new report out this morning shows that business confidence among ceos and chairs of many of europe's largest companies has rebounded to the highest level since may 2022. that's according to the conference board measure of ceo confidence for europe — but industry leaders are more positive about their companies' business outlook outside europe than within. live now to sara murray, global managing director of the conference board
we're also watching merger talks between mining giants bhp and the uk's anglo american. so far both companies have failed to make progress on terms of deal worth $49 billion. but the clock is ticking, as the deadline for negotiations will expire at 5pm london time on wednesday. when we come back — one dunk or two? today is national biscuit day here in the uk, and we'll be examining our insatiable appetite for the crunchy stuff. we will have a fun quiz and a special guest that you won't want...