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BHP shares hit 3-month high as deadline for formal Anglo bid looms May 21, 2024 02:39AM

By Melanie Burton and Lewis Jackson

PERTH (Reuters) -Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43 billion takeover proposal.

The world's largest listed miner's shares are benefiting from good news including fresh stimulus for China's property sector, copper prices reaching record highs and a growing... (continue reading...)


Analysis-Tourism a boon for Spain's economy but a bane for some locals May 21, 2024 02:37AM

By Belén Carreño and Corina Pons

MADRID (Reuters) - Fresh from a tour of Real Madrid's glittering Santiago Bernabeu stadium in the Spanish capital, Guadalupe Rebollo says a holiday in Spain with her 15-year-old daughter is a better deal than one on the beach in her native Mexico.

The Rebollos are part of a record surge in foreign visitors to Spain that is helping its economy outperform European peers and create jobs at a rapid rate.... (continue reading...)


Swarmed with tourists, Japan town blocks off viral view of Mt. Fuji May 21, 2024 02:27AM

By Tom Bateman

FUJIKAWAGUCHIKO, Japan (Reuters) - Japan's majestic Mt. Fuji was some 700,000 years in the making, but on one sultry May morning, it was gone.

At least on one side of a busy road, views of the 3,776-metre (12,388 foot) symbol of Japan and the Lawson convenience store beneath it have vanished, as officials finished a 20-metre by 2.5-metre barrier to obstruct a photo spot that had become viral among tourists.

... (continue reading...)


Britain proposes obligations on Mastercard and Visa to increase competition May 21, 2024 02:22AM

LONDON (Reuters) - There is no effective competition in core credit card services where Visa and Mastercard are the biggest players, and more transparency for users is needed, Britain's Payment Systems Regulator said in an interim report on Tuesday.

"The PSR found that over the past five years, and after taking account of volume changes, Mastercard and Visa have increased their scheme and processing fees by more than 30% in real terms. There is little... (continue reading...)


German producer prices fall more than expected in April May 21, 2024 02:11AM

(Reuters) - German producer prices fell more than expected in April due mainly to lower energy prices, the federal statistics office reported on Tuesday.

Producer prices decreased by 3.3% on the year. Analysts polled by Reuters had expected a 3.1% decline.

Energy prices were down 8.2% year-on-year in April, due mainly to lower prices for natural gas and electricity, the statistics office said.

Excluding energy prices,... (continue reading...)


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