Commodities trader Glencore has laid out what it says is a final $36-billion takeover offer for Xstrata, warning it would not improve the terms again.
Commodity trader Glencore has raised its offer for miner Xstrata to salvage a bid, now worth about $37-billion.
Xstrata says shareholders will vote on September 7 on the miner's planned $26-billion takeover by Glencore.
Governments must steer clear of the "blind alleys" of nationalisation and excessive tax, Anglo American's Cynthia Carroll said on Thursday.
Rollercoaster markets may have cooled investor appetites for shares or property, but interest in offbeat investments is booming as a growing number of art and wine funds compete to combine passion with high returns. Downturns typically mean a slowdown in investments, but industry watchers say the credit crunch has left the appeal of "investments of passion" largely untarnished.