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Analysis-A warning to critical minerals buyers: avoid butter mountains, aluminium floods

Analysis-A warning to critical minerals buyers: avoid butter mountains, aluminium floods

By Melanie Burton MELBOURNE, May 26 (Reuters) - Western governments, currently ploughing tens of billions of dollars into critical minerals in an effort to break their reliance on China, could look to history to see how well-intentioned efforts to prop up commodity sectors can backfire.

Florida insurer Safepoint eyes $1.16 billion valuation in US IPO

Florida insurer Safepoint eyes $1.16 billion valuation in US IPO

May 26 (Reuters) - Insurer Safepoint said on Tuesday it was targeting a valuation of up to $1.16 billion in its U.S. initial public offering, riding a wave of post-reform Florida insurance growth.

Tennis-Sinner, Sabalenka enter the fray as Gauff hopes to find her way again in Paris

Tennis-Sinner, Sabalenka enter the fray as Gauff hopes to find her way again in Paris

May 25 (Reuters) - The top seeds are set to kick off their French Open campaigns on Tuesday, with Jannik Sinner facing Clement Tabur and Aryna Sabalenka taking on Jessica Bouzas Maneiro. Defending champion Coco Gauff will also be in action, playing fellow American Taylor Townsend.

Jardine Matheson to buy Australia's I-MED at $2.4 billion enterprise value in healthcare push

Jardine Matheson to buy Australia's I-MED at $2.4 billion enterprise value in healthcare push

By Rajasik Mukherjee and Yantoultra Ngui May 25 (Reuters) - Jardine Matheson said on Monday it has agreed to buy Australian medical imaging provider I-MED Radiology Network for a total enterprise value of A$3.4 billion ($2.4 billion), adding a major healthcare diagnostics business to the Hong Kong-

Australia's Guzman y Gomez sued in US over alleged failure to notify staff of closure

Australia's Guzman y Gomez sued in US over alleged failure to notify staff of closure

May 25 (Reuters) - A group of U.S. employees have sued Sydney-listed Guzman y Gomez in an Illinois court, alleging the Mexican-themed fast-food chain did not give prior notice to staff before closing all its Chicago restaurants, a court document showed on Monday.

Applied Aerospace & Defense eyes $3.59 billion valuation in US IPO

Applied Aerospace & Defense eyes $3.59 billion valuation in US IPO

May 26 (Reuters) - Private equity-backed government contractor Applied Aerospace & Defense is targeting a valuation of up to $3.59 billion in its U.S. initial public offering, as defense firms tap into strong investor appetite for the sector driven by heightened geopolitical tensions.

GM, Ford, Stellantis CEOs go back to the drawing board with EVs

GM, Ford, Stellantis CEOs go back to the drawing board with EVs

Unless your name is Tesla, the U.S. EV market has been a minefield for original equipment manufacturers. There were dangerous cracks even as customers set a record sales pace through the first three quarters of 2025. U.S. consumers flocked to dealerships to buy EVs last year, right up until ...

Tennis-Monfils embraces final Roland Garros as trickster Gaston looks to spoil send-off

Tennis-Monfils embraces final Roland Garros as trickster Gaston looks to spoil send-off

PARIS, May 24 (Reuters) - The first round of the French Open continues on Monday with four-times champion Iga Swiatek, world number two Elena Rybakina and newly crowned Italian Open champion Elina Svitolina among the top seeds in action.

IGO Ltd's Nickel and Battery Materials Exposure Attracts U.S. Investors

IGO Ltd's Nickel and Battery Materials Exposure Attracts U.S. Investors

IGO Ltd's Nickel and Battery Materials Exposure Attracts U.S. Investors

Rubio touts US energy on India trip meant to repair ties

Rubio touts US energy on India trip meant to repair ties

By Michael Martina, David Brunnstrom, Simon Lewis and Trevor Hunnicutt NEW DELHI, May 23 (Reuters) - U.S.

Tennis-Djokovic seeks record 25th Grand Slam as French Open begins

Tennis-Djokovic seeks record 25th Grand Slam as French Open begins

PARIS, May 23 (Reuters) - The first round of the French Open starts on Sunday, with Novak Djokovic beginning his hunt for a fourth crown and a record-extending 25th Grand Slam title when he takes on home hope Giovanni Mpetshi Perricard, while world number three Alexander Zverev faces Benjamin Bonzi.

Chipotle rival Mexican chain closes all U.S. restaurants

Chipotle rival Mexican chain closes all U.S. restaurants

For many Americans, eating out has become a luxury. Some people have been trading down, while others have decided to eat at home more often. In my decades of covering restaurants, I've never seen a period where consumers have been hit by both high prices and a challenging economy. Even some ...