South32 was a sprawling "CrapCo" when spun out of BHP in 2015. The $5.6 bln aluminium sale to Alcoa means departing CEO Graham Kerr has created a leaner miner earning most of its money from the red ...
Berlin wants to create a retirement fund backed by mandatory contributions to supplement the pay-as-you-go system. It could ...
G7 pressure for Beijing to revalue its currency have resurfaced but even a 25% increase in the yuan would not overcome ...
Whiskey distiller Brown-Forman rejected Sazerac’s $15 bln bid and ended talks with Pernod-Ricard. Staying independent ...
The electric-two-wheeler company is targeting $180 mln and a $1.8 bln valuation. At 17 times 2025 free cash flow, new ...
The Supreme Court shielded central bankers from presidential firing, while letting the White House gut every other agency. It's a Pyrrhic victory on the eve of the country's 250th anniversary.
PM-in-waiting Andy Burnham plans to give more power to UK cities and regions, which raise only 8% of tax revenues versus a ...
Kunlunxin may bag a $50 bln valuation, up 17-fold in months as semiconductor shortages continue, accounting for most of its top owner’s worth. The implied 25 times sales is akin to listed rivals.
AI advances, policy support and Unitree's dancing humanoids have turbocharged an industry with 50 IPOs in waiting and an ...
This year’s stress test predicted that big US banks would lose just 1% of their $3 trln of market assets in a 2008-like ...
Rocket Lab’s space transit business is growing, while Iridium’s satellites throw off cash. Combining them should strengthen ...
The UK and US telecom groups will form a 50-50 venture for their international units, with $4 bln of revenue. It shows how ...
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