BHP offers £31bn takeover of Anglo American to boost copper mining portfolio
BHP Proposes Takeover of Anglo American in £31bn Deal
On Thursday, BHP made an offer of £31bn to acquire Anglo American in one of the largest mining industry transactions ever. The deal would bring together two global mining companies and increase BHP’s capacity for copper mines as demand for copper is set to soar due to a global transition towards renewable energy projects and electric vehicles.
The Benefits and Risks
The merger will significantly increase BHP’s exposure to future-facing commodities through Anglo American’s world-class copper assets. Additionally, the proposal includes spin-offs of two South African units—platinum division known as Amplats, and Kumba Iron Ore.
However, the proposed takeover may become controversial in South Africa ahead of their forthcoming general election.
Though some investors believe there is little detail on whether this acquisition would benefit shareholders or destroy value
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BHP offers £31bn takeover of Anglo American to boost copper mining portfolio
NBR Notification on Tax Exemption on Offshore Banking Profits
– 2024-04-25 07:55:52
No tax is payable on the profit or interest earned by the offshore banking unit. The National Board of Revenue (NBR) has issued a notification in this regard on Monday (April 22). This order will come into effect with immediate effect, the notification said.
This exemption is granted by virtue of sub-section (1) of section 76 of the Income-tax Act, 2023. It states that any tax exemption provided in any other law shall not be effective until the NBR issues a notification regarding the exemption through official notification.
Recently, the Financial Institutions Division of the Ministry of Finance prepare
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https://www.worldysnews.com/nbr-notification-on-tax-exemption-on-offshore-banking-profits-2024-04-25-075552/
There is another Swiss giant wanting to compete in wealth management in Portugal – Markets
#Swiss #giant #wanting #compete #wealth #management #Portugal #Markets
There is a new “player” in wealth management about to arrive in Portugal. Swiss bank Julius Baer plans to open an office in Lisbon next yearin order to respond to the movement of rich foreigners who make the country their home, according to Bloomberg.
According to sources familiar with the matter, the Swiss wealth manager is already handling all necessary regulatory approvals to operate in Portugal. Contacted by Bloomberg, Julius Baer’s official source declined to comment on the news.
The same source adds that, in total, 14 work
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There is another Swiss giant wanting to compete in wealth management in Portugal – Markets
FINANCIAL AID – Two juxtaposed projects with the IMF
You have been rate-limited for making too ma
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Widow’s pension. We checked how much the payments can be. A big difference
Currently, after the death of the spouse, the widow or widower must decide whether they wish to receive the survivor’s allowance or pension. Widowers usually keep their benefit because it is higher. Widows very often receive a survivor’s pension. Even if it’s 85%. the pension of the deceased, because it is usually more economically advantageous for him (women usually have lower pensions).
But how is it possible to maintain an apartment or a house and pay the bills with less than a pension, when until recently there were two benefits? Widows and widowers have been asking for changes to the legislation for years, but successive governments have not wanted to address this problem. The issue was taken into hand by the trade unionists of the OPZZ, who collected signatures for a popular bill introducing pensions for widows and presented it in the previous legislature to the Sejm.
2024-04-25 09:00:00
widows-pension-we-checked-how-much-the-payments-can-be-a-big-difference
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Widow’s pension. We checked how much the payments can be. A big difference
Gold Prices Near Key Levels as Demand for Safe Assets Declines and US Interest Rates Rise
Investing.com – Gold prices fell near key levels in Asian markets today. This is due to a reduction in demand for safe assets. and the trend of higher US interest rates for a long time
Gold prices have fallen significantly from record highs over the past week. This is because the conflict between Iran and Israel has not escalated. This has led to a sharp drop in demand for the safe haven gold asset.
Weak demand makes gold more vulnerable to pressure from US interest rates. This is because higher interest rates in the long term increase the opportunity cost of investing in gold.
0.1% to $2,313.62 an ounce, while those due in June were down 0.6% to $2,325.05 an ounce at 00:26 ET (04:26 GMT).
Gold tests support at 2,300 ahead of further interest rate signals.
Spot prices are now c
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Gold Prices Near Key Levels as Demand for Safe Assets Declines and US Interest Rates Rise
Marelli in Beijing with new functions for on-board management and connectivity
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At the upcoming Beijing International Automotive Exhibition, Marelli will present ProConnect and the demo of a LiDAR sensor in a headlight.
ProConnect: the platform for the Chinese market
ProConnect is a platform that manages the instrument panel, infotainment devices and 5G connectivity in an integrated manner. The solution is designed for the Chinese market, where many carmakers are integrating the functions related to the m
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Marelli in Beijing with new functions for on-board management and connectivity
Oil Oil rises 1% after an unexpected drop in US crude inventories
2024-04-25 09:12:27
Oil prices rose in early trading, Wednesday, extending their gains in the previous session after industry data showed a surprising drop in US crude inventories last week, an indication of increased demand and a shift in attention away from hostilities in the Middle East.
Brent crude rose
Brent crude futures rose nine cents, or 0.1 percent, to $88.51 per barrel by 0031 GMT. US West Texas Intermediate crude futures increased ten
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Oil Oil rises 1% after an unexpected drop in US crude inventories
Wall Street mixed after Middle East tension spike
– 2024-04-25 09:36:04
Wall Street opened this Friday on mixed terrain and the Dow Jones Industrialsits main indicator, rose 0.20%, to 37,852 points, after a peak in tension in middle East for the latest Israeli attack on Iranwhich was soon attenuated when its limited impact was confirmed.
Seven minutes after the trading floor opened, the selective S&P 500 fell 0.14%, to 5,004 points, and the technological Nasdaq lost 0.52% to stand at 15,520 points.
For its part, the yield on the 10-year Treasury bond fell to 4.606%.
Analysts are pending the situation in middle Eastwhen it seems increasingly evident, due to the words c
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Wall Street mixed after Middle East tension spike – 2024-04-25 09:36:04
European Stocks Open Lower, Nikkei 225 Falls 2%, SK Hynix Posts Profit, South Korea GDP Climbs: Market Updates
European stocks opened slightly higher on Wednesday, with the benchmark Stoxx 600 index down 0.2% by 8:15 a.m. London time. The U.K.’s FTSE 100 climbed 0.5% after it snapped a five-day winning streak on Thursday, while France’s CAC 40 was 0.2% lower, and Germany’s DAX down 0.5%.
In Asia, Japan’s Nikkei 225 index fell 2.1% in afternoon trading, while the broader Topix index dropped 1.64%. The benchmark Nikkei 225 has fallen 8.3% from a record high hit in late March. Investors are waiting for the Bank of Japan’s monetary policy decision on Friday. It will be closely watched for inflation outlook against a backdrop of a weakening yen, higher oil prices, and strong wage growth. The yen slipped past 155 against the U.S. dollar on Thursday, touching a new 34-year low.
SK Hynix, a South Korean chipmaker, p
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