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Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that reaffirmed accommodative monetary policy. With the yen already much weaker than it was then, and US interest rates unlikely to come down anytime soon, the mere lack of any hawkish ...
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Mining giant BHP offered to buy Anglo American, a longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry. Anglo American said Thursday it had received a proposal from BHP made up of an all-share offer for the company, contingent upon Anglo American’s demerger of shareholdings ...