Glencore makes offer for Teck’s steelmaking coal business
By Clara Denina LONDON (Reuters) -Glencore on Monday offered to buy Teck Resources’ steelmaking coal business as a standalone unit,…
Business
Thyssenkrupp pulls trigger on long-awaited IPO of hydrogen division Nucera
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp launched on Monday the long-awaited listing of its hydrogen division Nucera,…
Biogen rises as FDA panel backs Alzheimer’s drug, easing safety concerns
(Reuters) – Biogen’s shares rose 2% on Monday as a unanimous backing of its Alzheimer’s drug by the U.S. health…
Rio Tinto to invest $1.1 billion to expand aluminum smelter in Canada
(Reuters) -Rio Tinto will invest $1.1 billion to expand its “low-carbon” aluminum smelter at Complexe Jonquière in Quebec, Canada, the…
UBS CEO says about 10% of Credit Suisse staff have left
By Noele Illien and John Revill ZURICH (Reuters) -UBS Chief Executive Sergio Ermotti said on Monday that around 10% of…
Explainer-Why is the Canadian economy strong despite record pace of rate hikes?
By Steve Scherer OTTAWA (Reuters) – Despite the fastest monetary tightening cycle in the country’s history, Canada’s economy is still…
Retail media ad revenue forecast to surpass TV by 2028
By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast…
Wall Street banks expect ‘hawkish pause’ from Fed in June
(This story has been corrected to change the dateline to June 12) (Reuters) – Most big Wall Street banks expect…
Glencore, automakers to back $1 billion nickel, copper SPAC deal in Brazil
LONDON (Reuters) – Global miner Glencore, Chrysler parent Stellantis and Volkswagen’s battery unit PowerCo have agreed to back a $1…
Analysis-EU pork on a lean streak as higher standards drive up costs
By Gus Trompiz PARIS (Reuters) – Record pig prices could have spurred farmers like Carole Joliff to expand their herd,…