Basic Materials

Anglo American has rejected a $60 billion takeover bid from rival BHP, stating that the offer significantly undervalues the company and its future prospects. The company's chairman, Stuart Chambers, called the proposal "opportunistic" and highlighted Anglo American's focus on its own strategic priorities for growth and value creation.

Navrattan Group, a leading construction company in India, is poised to revolutionize the industry with the introduction of "Green Cement." This innovative product promises to address the growing demand for sustainable building materials while maintaining the performance and durability expected from traditional cement.

A powerful 6.1 magnitude earthquake jolted southern Java, Indonesia, sending tremors rippling across the region and causing buildings to sway in the capital Jakarta. Though no immediate injuries or significant damage were reported, the quake serves as a stark reminder of Indonesia's vulnerability to seismic activity, given its location on the Pacific Ring of Fire.

U.S. Steel shareholders have given the green light to the company's $14.9 billion acquisition by Japan's Nippon Steel, but the deal faces an uphill battle with political opposition and regulatory hurdles. Despite overwhelming shareholder approval, concerns over national security and potential job losses have prompted scrutiny from lawmakers and the United Steelworkers union.

Anglo American has rejected a $60 billion takeover proposal from rival BHP, deeming the offer unattractive and undervaluing the company's prospects. The decision follows an unusual spike in Anglo American's share price, prompting questions about potential information leaks and a possible investigation by the Financial Conduct Authority.