Canadian mining giant Barrick Gold agreed Monday to buy Africa-focused rival Randgold Resources to create a global industry champion worth $18.3 billion. The blockbuster all-share deal was described as a merger but is effectively a takeover because Barrick investors will own a majority 66.6-percent stake. Randgold shareholders will hold the rest.
Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US President Donald Trump to dampen prices. Oil leapt after the world’s top producers decided to maintain output during a meeting in Algeria at the weekend. A committee comprised of the Organization of the Petroleum Exporting Countries (OPEC) cartel and non-OPEC producers said it was satisfied with the current market outlook, which represented “an overall healthy balance between supply and demand”.
WASHINGTON (AP) — A second allegation of sexual misconduct has emerged against Judge Brett Kavanaugh, a development that has further imperiled his nomination to the Supreme Court, forced the White House and Senate Republicans onto the defensive and fueled calls from Democrats to postpone further action on his confirmation.