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Investors signal big-premium deals over after bad year for energy M&A

Bloomberg After a fairly abysmal 2019 for US energy mergers and acquisitions, investors are signalling to oil executives and investment bankers that the days of big-premium deals are over. Some of the year’s most notable mergers, including Occidental Petroleum Corp’s blockbuster takeover of Anadarko Petroleum Corp, were met with investor criticism and the sustained selling of the acquirer’s stock. Shareholders ...

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Rio Tinto all set to restart its mine in South Africa

Bloomberg Rio Tinto Group is resuming operations at its South African mine that was shuttered earlier this month because of escalating violence in surrounding communities. The Richards Bay Minerals unit should be back at full operations in early January, leading to regular production in early 2020, Rio said in a statement on Monday. The decision was taken after discussions led ...

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US urged to honour One-China policy amid trade deal talks

Bloomberg A senior Chinese diplomat said China will honour its phase-one trade commitments, and suggested that the US live up to theirs on issues such as Taiwan. In an interview with Chinese state television CGTN on December 28 night, Cui Tiankai, China’s ambassador to the US, also said talk of a new cold war was “very irresponsible.” The comments came ...

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