Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
BHP Refocuses on Growth After Anglo American Deal Falls Through
After Anglo American shareholders voted against BHP Group’s $49 billion takeover bid earlier this year, BHP has shifted its focus toward new growth avenues, according to company chairman Ken MacKenzie.
Rejection of Anglo American Bid
In May, BHP, the world’s largest mining company, abandoned its attempt to acquire Anglo American after multiple rejections. Speculation had risen as the six-month restriction on another approach neared its end, suggesting the potential for a renewed bid. However, MacKenzie confirmed at BHP’s annual meeting that the company has fully moved on.
“We approached Anglo American … we saw a unique opportunity for synergy," MacKenzie explained. "But their shareholders believed more in their management’s plan, so we respected that decision.”
New Growth Focus: Copper Mining in South America
BHP’s growth strategy has shifted to promising copper ventures. The company recently announced a C$4.5 billion ($3.25 billion) joint acquisition with Lundin Mining to develop Filo Corp, a copper-focused project in South America. This investment aligns with BHP’s strategic expansion into copper assets amid rising global demand for the metal, crucial for electrification and sustainable energy.
Conclusion
BHP’s focus on high-potential copper projects highlights its commitment to strategic growth after the Anglo American bid setback. By investing in sustainable resources like copper, BHP positions itself for future success in a resource-driven global market.
