Barrick Gold Corp’s $18 billion hostile bid for rival Newmont Mining Corp is a “logical” tie-up that would generate value for shareholders of both companies and create an unrivaled global producer of the yellow metal, Chief Executive Officer Mark Bristow said in an interview on Monday.
Oil futures tumbled 3 percent on Monday after U.S. President Donald Trump called for OPEC to “relax and take it easy” on boosting crude prices, which he said were climbing too high.
Carmakers will be big customers for next-generation telecoms networks, helping to justify investment in 5G, but need to be more innovative if the technology is to take off, Spain’s SEAT said on Monday.
Volkswagen shuffled management responsibilities at its core brand on Monday, freeing up Group CEO Herbert Diess to oversee the carmaker’s radical strategy to mass produce electric cars.
Barrick Gold Corp Chief Executive Officer Mark Bristow said on Monday that his company’s $18 billion hostile bid for rival Newmont Mining Corp is a “logical” tie-up that would generate value for shareholders of both companies.
U.S. auto sales are expected to drop about 1 percent in February from a year earlier partly due to inclement weather, according to industry consultants J.D. Power and LMC Automotive.
A bipartisan group of senators on Monday urged the U.S. government to block Huawei Technologies Co Ltd from supplying solar energy generators just as it has acted to keep the Chinese giant out of the U.S. telecommunications network.
U.S. stocks climbed on Monday, boosted by technology and industrial shares, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports.
Volkswagen could sell a smaller stake in its Traton trucks division than expected if markets are shaken by Brexit, two sources familiar with the matter told Reuters on Monday.
Brazil’s oil regulator said on Monday that is has started an investigation into an oil spill at an offshore platform owned by Petroleo Brasileiro SA.
U.S. President Donald Trump said on Monday he was optimistic that a final trade deal could be reached with China and that he would hold a summit to sign any pact, but cautioned an agreement may still not happen.
U.S. stocks opened higher on Monday, led by industrial and technology shares, fueled by hopes of a trade resolution between the United States and China after President Donald Trump said he would delay a hike in tariffs on Chinese imports.
Shares of General Electric Co surged 15 percent on Monday after the industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21.4 billion, its first major asset sale under new Chief Executive Officer Larry Culp.
Freeport-McMoRan Inc Chief Executive Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is “comfortable” with engineering designs in place at existing dams.
Canada’s Barrick Gold Corp offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock on Monday, in a hostile takeover that seeks to combine the world’s two largest gold producers.
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