Page 25 - Glencore News Today

Heres a roundup of local stories that ran this week.

BHP's bold bid for Anglo American, the proposed $39 billion merger, though rejected, could reshape global mining.

Swiss company considers making takeover offer, while BHP could move again after initial rejection

Global stock markets rose Friday before vital US payrolls data, with London hitting another record high as investors tracked speculation of a bidding war for mining giant Anglo American.

On May 3, 2024, Londons FTSE 100 index approached record highs, driven by strong corporate results and global market dynamics. -May 03, 2024 at 04:32 am EDT - MarketScreener

-Britains FTSE 100 hit a record high on Friday, boosted by Anglo-American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced...

European stocks inched higher on Friday after European Central Bank policymaker Yannis Stournaras said he sees three rate cuts in 2024. Stournaras reportedly said in an interview that three rate cuts in 2024 is the more likely scenario after considering recent growth and inflation data.

The Environmental Protection Agency made its strongest case yet for a “waste in place” solution for the cleanup of the Columbia Falls Aluminum Co. Superfund site during a public meeting last week.

The major U.S. index futures are currently pointing to a sharply higher open on Friday, with stocks likely to extend the rally seen over the course of the previous session.

Anglo and Glencore are considering a deal while BHP contemplates an improved offer, setting up a potential bidding war.