Bloomberg Business

Yellen Downplays Banking Woes, Says World Economy Has Improved

US Treasury Secretary Janet Yellen shrugged off recent banking spasms to declare the economy better off than six months ago, saying she didn’t believe the banking turmoil had restricted the availability of credit in the US.

Newmont, Glencore Bids Crack Into Metal Industry’s Top Takeovers

Mining dealmaking is heating up, with Newmont Corp. sweetening its bid for Newcrest Mining Ltd. in what would be world’s largest gold acquisition if it succeeds. Meanwhile, Swiss commodities giant Glencore Plc is putting cash on the table to make its effort to buy Canada’s Teck Resources Ltd. more appealing.

Chicago Lands 2024 Democratic Convention

Democrats will hold their 2024 national convention in Chicago, a decision highlighting recent progressive victories in the city and in the larger Midwest, a region crucial to President Joe Biden’s reelection prospects.

Newmont Raises Newcrest Bid to $19.5 Billion

US gold giant Newmont Corp. has sweetened its record bid for Australian rival Newcrest Mining Ltd., bringing closer the prospect of a new precious metal behemoth.

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