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US Gold Miner Newmont Takes Over Australian Rival Newcrest in $19 Billion Deal

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[ad_1] Last Updated: May 15, 2023, 06:07 IST Melbourne-based Newcrest’s shareholders will receive 0.4 of the US firm’s shares for each one they currently own. (Representative image/AP) By swallowing up Newcrest, the US mining group expands its large gold and copper mining assets Australian mining company Newcrest said Monday it had agreed to a takeover … Read more

Dollar Reacts to Political Impasse and Tightening Credit Conditions

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[ad_1] The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency against six rivals, pared gains that … Read more