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Rio Tinto (RIO LN) is pushing for its Chair and Chief Executive in combined company while Glencore (GLEN LN) holds out for Premium, FT reports

Rio Tinto's bid for a combined leadership structure while Glencore seeks a premium reflects strategic maneuvering in M&A discussions.

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Nike (NKE) faces US investigation into workplace diversity policies that allegedly discriminated against white people

NY Fed RRP op demand at 2.41bln (prev. 1.8bln) across 18 counterparties (prev. 18).

Rio Tinto (RIO LN) is pushing for its Chair and Chief Executive in combined company while Glencore (GLEN LN) holds out for Premium, FT reports

Russian Foreign Ministry says Russia has not received a formal response from US on the expiring START treaty; US approach to Russia's initiative on new START treaty is misguided and regrettable

US Treasury Secretary Bessent says he has no opinion on whether Trump has the authority to fire Fed chair or board member over a policy disagreement

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  • The talks are expected to be extended beyond Thursday’s deadline.
Context

The extension of negotiations beyond the deadline indicates potential deal complexities, which may affect market sentiment and valuations in the metals and mining sector as stakeholders reassess the implications of a possible merger.

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