⛏ Anglo American, Teck shareholders approve $53B merger

Anglo American, Teck shareholders approve $53B merger
Anglo American and Teck Resources announced Tuesday that its shareholders have approved the previously announced $53B merger at company’s general meetings. The all-stock, nil-premium $53-billion transaction, first announced in September, creates a major copper heavyweight, capable of production that could surpass BHP’s massive Escondida mine in Chile by the early 2030s, according to analysts. Read on »

America's Biggest Creditor Is Trapped—And That's Our Problem
What if I told you that the U.S. government’s biggest foreign creditor is caught in a financial trap with no good way out—and the decisions they’re making right now could drive up your borrowing costs and tank your portfolio? I’m talking, of course, about Japan. Read on »

Iranians Turning to Gold as Inflation Runs Rampant
Iranians are turning to gold as sanctions and government policy destroy their currency. The average inflation rate in Iran has climbed to over 40 percent (based on CPI) on an annual basis. According to an AP report, gold has become the most trusted hedge against this rapid devaluation of the rial. Read on »