MELBOURNE (Reuters) – Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most likely prospect of a rival to bidder Newmont. But another alternative for Newcrest would be lifting its value through sale of assets, analysts said. Newmont,…
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank raised its cash rate 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, a more hawkish policy tilt than many had expected. Wrapping up its February policy meeting, the Reserve Bank of Australia (RBA) also dropped previous guidance…
By Chris Taylor NEW YORK (Reuters) – Look at the waves of layoffs happening across America right now, and you are probably pondering something you have not had to think about for quite a while: Plan B. Everyone has one, a rough idea of what they will do if Plan A goes totally haywire. With…
