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Rio Tinto signals no rush to revive Glencore deal as standstill ends

Rio Tinto signals no rush to revive Glencore deal as standstill ends

By Melanie Burton MELBOURNE, Aug 4 (Reuters) - A freeze on Rio Tinto approaching Glencore for a takeover expires this week, but people who have been briefed by top executives don't expect any fresh tie-up talks for now as CEO Simon Trott focuses on cost cuts and asset sales.
Reuters Reuters
Glencore's energy trading profits soar on Iran war

Glencore's energy trading profits soar on Iran war

By Robert Harvey LONDON, Aug 5 (Reuters) - Glencore earned 66 times more from energy trading in the first half of 2026 than it did a year earlier, joining other major commodity traders profiting from market turmoil created by the Iran war.
Reuters Reuters
BHP faces weekend strike at Port Hedland iron ore hub as wage talks drag

BHP faces weekend strike at Port Hedland iron ore hub as wage talks drag

By Melanie Burton MELBOURNE, Aug 4 (Reuters) - A two-day strike will go ahead at BHP's Port Hedland operations in Western Australia this weekend despite progress in talks on Tuesday between unions and the global miner, a union spokesperson said.
TheStreet TheStreet
AstraZeneca-BMY megadeal talk sparks huge market rift

AstraZeneca-BMY megadeal talk sparks huge market rift

Two of the world's biggest drugmakers moved in opposite directions on Monday, and the split says a lot about how Wall Street reads a merger. Reports surfaced over the weekend that AstraZeneca (AZN) had held talks about combining with Bristol Myers Squibb (BMY).  The deal would be worth close ...
SB Nation SB Nation
The Rams will fly into Australia the day before playing the 49ers

The Rams will fly into Australia the day before playing the 49ers

This could either go incredibly wrong, or the Rams end up looking like geniuses.
Reuters Reuters
AstraZeneca investors baulk at $400 billion Bristol Myers talks

AstraZeneca investors baulk at $400 billion Bristol Myers talks

By Maggie Fick LONDON, Aug 3 (Reuters) - AstraZeneca's shares fell sharply on Monday as investors baulked at reports of merger talks with Bristol Myers Squibb about forming what would become one of the world's biggest drugmakers with a combined value of nearly $400 billion.
Reuters Reuters
UK's Segro agrees $19 billion Prologis takeover after investor pressure

UK's Segro agrees $19 billion Prologis takeover after investor pressure

Aug 4 (Reuters) - British warehouse landlord Segro has accepted a takeover offer by rival U.S. logistics firm Prologis in a deal worth up to £14.3 billion ($19.19 billion), the companies said on Tuesday, following pressure from investors.
SB Nation SB Nation
The Sydney Super Cup: a fan(?) perspective, Pt. 1

The Sydney Super Cup: a fan(?) perspective, Pt. 1

What’s it like being on the ground?
Reuters Reuters
Lufthansa warns profits could fall as Iran war stokes fuel costs

Lufthansa warns profits could fall as Iran war stokes fuel costs

By Joanna Plucinska and Ilona Wissenbach LONDON/FRANKFURT, Aug 4 (Reuters) - Germany's Lufthansa cut its profit outlook on Tuesday and warned earnings could fall this year after the Iran war drove up fuel costs, sending its shares down more than 10% and putting them on track for their biggest one-
Trendline Trendline
Los Angeles Rams Plan Unique Travel Strategy for Game Against 49ers in Australia

Los Angeles Rams Plan Unique Travel Strategy for Game Against 49ers in Australia

Los Angeles Rams Plan Unique Travel Strategy for Game Against 49ers in Australia
Reuters Reuters
HSBC sets $1 billion buyback after profit beat on boost from rates and wealth

HSBC sets $1 billion buyback after profit beat on boost from rates and wealth

By Selena Li and Lawrence White HONG KONG/LONDON, Aug 4 (Reuters) - HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows.
Reuters Reuters
Australia's home price retreat gathers pace in July, Cotality data shows

Australia's home price retreat gathers pace in July, Cotality data shows

SYDNEY, Aug 3 (Reuters) - Australian home prices suffered a second month of steep falls in July as higher borrowing costs and unease over tax changes accelerated a downturn in the market that has grabbed the attention of the country's central bank.