Bloomberg Newmont Corp. is offering $17 billion to acquire Australia’s Newcrest Mining Ltd. and create a global precious metal behemoth in the largest takeover deal globally this year. The takeover, if completed, would also be one of the biggest in Australian history, according to data compiled by Bloomberg. Newcrest jumped as much as 14% in Sydney, the most since ...

  Bloomberg A shakeup involving the replacement of Ukraine’s defense chief may be delayed as President Volodymyr Zelenskiy’s government braces for a Russian offensive. A day after a senior lawmaker in Zelenskiy’s party announced that Defense Minister Oleksii Reznikov will be replaced by Ukraine’s head of military intelligence, a parliamentary official said no decisions on staff changes will be made ...

Bloomberg China and Australia’s top trade officials have met for the first time since 2019, in the latest sign of warming diplomatic relations between the two countries. Commerce Minister Wang Wentao and Trade Minister Don Farrell held virtual talks on Monday for more than 90 minutes, according to an Australian government statement that confirms a report by Bloomberg News. Both ...

  Bloomberg A United Nations peacekeeper died and another was seriously wounded after their helicopter was shot at in eastern Democratic Republic of Congo on Sunday, a day after East African Community leaders met to steady a flailing peace process. The helicopter was flying from Beni to the trading hub of Goma when it came under fire from unidentified assailants, ...

  Bloomberg Venezuela condemned what it called an “attack by the United States against an unmanned civilian aircraft of Chinese origin,” taking a clear side in the growing international dispute after a similar balloon was reported over Latin America. The US once again “resorts to the use of force” against a device that didn’t represent any military or physical threat ...

  Bloomberg As the dust settles on the wave of ESG fund downgrades that swept through Europe’s investment industry, BNP Paribas SA has managed to climb several notches up a controversial ladder. BNP Paribas Asset Management (AM) is now the second-biggest provider of the European Union’s top environmental, social and governance (ESG) fund class, known as Article 9. Its decision ...

  Bloomberg Australia’s central bank (RBA) is all but certain to increase interest rates at its first meeting of the year, with some observers pointing to the risk of a resumption of outsized moves to counter a surprising surge in inflation. Most economists and traders see the Reserve Bank lifting its cash rate by a quarter-point on Tuesday to 3.35%, ...

Bloomberg The Hong Kong dollar is rapidly heading toward the weak end of its trading band against the greenback as traders sell the currency to buy higher-yielding US assets. The local exchange rate is one of the worst performers worldwide in the past two months with a 0.74% drop against the US dollar, and last traded at HK$7.8473. Depreciating past ...

Bloomberg The European Central Bank (ECB) should actively fight inflation until people feel price stability in their everyday lives, according to Governing Council member Robert Holzmann. “The risk of over-tightening seems dwarfed by the risk of doing too little,” Holzmann told a conference Monday in Budapest. “Monetary policy must continue to show its teeth until we see a credible convergence ...

  Bloomberg All it took was a strong US jobs report to expose the fragility of last week’s bond rally in Europe. Within minutes of the print, German bonds had erased almost half of their day-before rally, which had been turbocharged by expectations central banks were nearing an end to their hiking cycles. Jubilation is giving way to fresh anxiety ...