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BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says May 17, 2024 05:46AM

By Anousha Sakoui

LONDON (Reuters) - BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.

They raised their price target for London-listed Anglo to 27.75 pounds a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the... (continue reading...)


Russia and China to sign Power of Siberia-2 gas pipeline contract 'in near future', says Novak May 17, 2024 05:37AM

MOSCOW (Reuters) - Russia and China expect to a sign a contract "in the near future" on the Power of Siberia-2 gas pipeline, which will carry Russian gas to China, Russian Deputy Prime Minister Alexander Novak was cited as saying by Interfax late on Thursday.

Russia has been in talks for years about building the Power of Siberia-2 pipeline to carry 50 billion cubic metres of natural gas a year from the Yamal region in northern Russia to China via... (continue reading...)


Futures edge lower as rally loses some steam May 17, 2024 05:29AM

(Reuters) - U.S. stock index futures slipped on Friday, near the end of a week of sharp Wall Street gains underpinned by hopes of Federal Reserve interest rate cuts after softer-than-expected consumer inflation data.

All three main indexes had touched record highs on Thursday and the Dow briefly crossed the 40,000 milestone, before reversing gains and closing in the red.

Nevertheless, the S&P 500 and Nasdaq were set for their fourth... (continue reading...)


UN rights chief warns of catastrophe in Sudan's al-Fashir May 17, 2024 05:27AM

GENEVA (Reuters) - The U.N. human rights chief said on Friday he was "horrified" by escalating violence near Sudan's al-Fashir and held discussions this week with commanders from both sides of the conflict, warning of a humanitarian disaster if the city is attacked.

Hundreds of thousands of people are sheltering in al-Fashir without basic supplies amid fears that nearby fighting will turn into an all-out battle for the city, the Sudanese army's last... (continue reading...)


Forty Thai senators seek PM's dismissal over cabinet appointment May 17, 2024 05:16AM

BANGKOK (Reuters) - Forty caretaker senators on Friday petitioned Thailand's Constitutional Court to dismiss Prime Minister Srettha Thavisin over a cabinet appointment which they say breaches the constitution.

The senators object to the appointment of Pichit Chuenban, a former lawyer, as minister to Srettha's office last month during a cabinet reshuffle.

Pichit was jailed for six months in 2008 for contempt of court after an alleged... (continue reading...)


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