Rio Tinto (RIO LN) and Glencore (GLEN LN) reportedly to decide against pursuing a merger as Rio Tinto could not reach an agreement delivering shareholder value, Bloomberg sources report
The decision for Rio Tinto and Glencore to abandon merger talks signals a potential setback for both companies in terms of achieving growth through consolidation.
US Senate Republican Leader Thune says Democrats' demand for DHS funding is unrealistic
Approximately 2mln barrels of Venezuelan crude is departing for Spain's Repsol (REP SM)
Rio Tinto (RIO LN) and Glencore (GLEN LN) reportedly to decide against pursuing a merger as Rio Tinto could not reach an agreement delivering shareholder value, Bloomberg sources report
[MARKET UPDATE] Bitcoin tests 68k to the downside while US equity futures continue to print fresh session lows and debt futures gain; newsflow light
US envoy Kushner and Witkoff arrive in Doha ahead of tomorrow's Iran talks in Oman, Whitehouse official tells Al Jazeera
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This outcome may impact their stock prices as investors reassess the strategic outlook for each firm, particularly in the context of shareholder value creation and capital allocation moving forward.
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