Activist Elliott Builds $1 Billion Anglo American Stake
Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc, the UK-listed miner that’s received an unsolicited takeover approach from Australia’s BHP Group Ltd.
Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc, the UK-listed miner that’s received an unsolicited takeover approach from Australia’s BHP Group Ltd.
A closed-end fund that holds shares of private technology firms like Elon Musk’s SpaceX, OpenAI and Epic Games Inc. has been mostly defying gravity since its debut a month ago, until now.
The yen fell to a fresh 34-year low against the dollar after the Bank of Japan indicated monetary policy will stay easy, heightening speculation authorities may soon intervene in the market to stop the currency’s decline.
Lawmakers in Guinea’s transition administration approved an agreement signed last year between the government and West Africa LNG Group, meaning a potential $3 billion investment in liquefied natural gas import infrastructure.
Physical crude oil flows in pipelines across the US are flat compared with last year, underscoring estimates that oil production will grow little in 2024, according to research firm Wood Mackenzie Ltd.
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