- Associated Press Finance
Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations
Shares in U.K.-based mining giant Anglo American surged Thursday after it received a 31 billion-pound ($39 billion) takeover approach from rival BHP Billiton, a deal that would create the world’s biggest copper miner, with around 10% of global output — a hugely lucrative market in the transition to clean energy. Anglo American's share price closed up 16% in London after revealing that BHP, the world's biggest miner, had put forward the “unsolicited” and “highly conditional” takeover proposal. Anglo American, which owns a majority stake in the world-famous De Beers diamond company, said its board was reviewing the approach from BHP.
- Reuters
Canadian dollar gains as investors eye US inflation pressures
The Canadian dollar strengthened against its U.S. counterpart on Thursday as domestic data showed wage growth picking up and ahead of U.S. inflation data that could offer clues on the prospect of Federal Reserve interest rate cuts. The loonie was trading 0.3% higher at 1.3765 to the U.S. dollar, or 73.18 U.S. cents, clawing back much of the previous day's decline. The data raised concern that the U.S. economy is slowing while inflation is still strong, Darren Richardson, chief operating officer at Richardson International Currency Exchange Inc, said in a note.
- Business Insider
A millennial couple who reached financial independence by their mid-30s but don't want to retire early share how they still save 80% of their income
Lindsey and David Barber save 80% to 85% of their income for retirement and their son's future, though neither want to retire early.
