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Bega Cheese snaps up Vegemite as part of $460m deal

2017-01-18 smh.com.au
Bega Cheese has bought back the farm by broadening its reach in the food industry, snapping up Vegemite and other Kraft brands in a $460 million deal which takes it far from its roots as a cheese producer.

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Can Bega take on the likes of Nutella with Vegemite?

2017-01-19 smh.com.au
There's nothing like a warm fuzzy glow from doing some deals. And foreign control of Vegemite has long been a lightning rod for economic nationalists who have railed long and hard about just how many of our iconic brands are owned offshore. Think Arnott's biscuits, Bonds T-shirts and UGG boots, to name just a few.

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UPDATE 2-Woodside CEO sees no need for M&A, plenty of growth in pipeline

2017-01-19 reuters
SYDNEY Woodside Petroleum Chief Executive Peter Coleman said there's little need for more mergers and acquisitions by Australia's biggest independent oil and gas producer as it works on developing a handful of new projects at home and abroad.

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Vegemite to return to Australian ownership

2017-01-19 radionz.co.nz
Vegemite is set to return to Australian ownership after dairy company Bega announced it would buy most of Mondelez International's Australia and New Zealand grocery and cheese business.

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BHP Billiton sets end date for settling £38bn claim over Samarco disaster

2017-01-19 telegraph.co.uk
A huge damages claim hanging over BHP Billiton could be settled by the middle of the year after the mining giant revealed it had struck a preliminary agreement with prosecutors in Brazil.

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Vegemite goes home: Oreo-maker Mondelez sells to Australia's Bega - Chicago Tribune

2017-01-19 chicagotribune
In this March 20, 2012, file photo, a customer takes a jar of Vegemite from next to an empty shelve in a supermarket in Auckland, New Zealand. Vegemite and other grocery products are being sold by Oreo-maker Mondelez to Australian dairy company Bega Cheese in a deal worth about $345.3 million (460 Australian dollars), Mondelez International Inc. said Wednesday, Jan. 18, 2017.

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UPDATE 1-BHP, Vale, Samarco set June 30 deadline to resolve multibillion dollar claims

2017-01-19 reuters
SYDNEY/MELBOURNE Miner BHP Billiton Ltd (BHP.AX) (BLT.L), its partner Vale SA (VALE5.SA) and their jointly owned Samarco unit said on Thursday they have set a June 30 deadline to settle billions of dollars in compensation claims stemming from an iron ore mine disaster in Brazil in 2015.

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Vegemite Back in Australian Hands in Bega’s A$460 Million Deal - Bloomberg

2017-01-18 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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EIA: US crude inventories up 2.3 million bbl

2017-01-19 ogj
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 2.3 million bbl during the week ended Jan. 13 compared with the previous week's total, according to the US Energy Information Administration’s Petroleum Status Report.

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The Fed’s 2017 Rate Hike Trajectory Could Weigh on Gold

2017-01-19 marketrealist
On December 14, 2016, the Federal Reserve finally raised interest rates by 25 basis points. More concerning from an investor’s point of view is the Fed’s targeted total hike of 75 basis points in 2017. 

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New Blood Test Can Predict Outcome for Ebola-Infected Patients

2017-01-19 genengnews
Scientists at the University of Liverpool, in collaboration with Public Health England, Boston University and other international partners, say they used blood samples taken from infected and recovering patients during the 2013-2016 West Africa Ebola outbreak to identify gene products that act as strong predictors of patient outcome.

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Dalian iron ore drops from three-year high

2017-01-19 smh.com.au
Chinese steel and iron ore futures fell for a second session as demand for the commodities turned tepid ahead of the Lunar New Year holiday late next week.

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Coombs named LyondellBasell executive vice-president

2017-01-19 ogj
Daniel Coombs has been appointed LyondellBasell’s executive vice-president, manufacturing and refining. He succeeds Kevin Brown, who is retiring in mid-February.

London Banker Stakes Claim in Ancient Mining Area on Lithium Bet - Bloomberg

2017-01-19 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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CSL surge keeps ASX in the black

2017-01-19 smh.com.au
Local shares closed slightly higher, propped up by massive gains in blood products heavyweight CSL and Bega Cheese, but the market lost a lot of initial impetus as investors turned cautious ahead of Donald Trump's inauguration.

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Can Bega take on the likes of Nutella with Vegemite?

2017-01-19 theage.com.au
There's nothing like a warm fuzzy glow from doing some deals. And foreign control of Vegemite has long been a lightning rod for economic nationalists who have railed long and hard about just how many of our iconic brands are owned offshore. Think Arnott's biscuits, Bonds T-shirts and UGG boots, to name just a few.

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BHP, Vale, Samarco set June 30 deadline to resolve multibillion dollar claims

2017-01-19 in.reuters
SYDNEY/MELBOURNE Miner BHP Billiton Ltd (BHP.AX) (BLT.L), its partner Vale SA (VALE5.SA) and their jointly owned Samarco unit said on Thursday they have set a June 30 deadline to settle billions of dollars in compensation claims stemming from an iron ore mine disaster in Brazil in 2015.

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Rio Tinto job cuts: Power prices lead to jobs cuts at largest aluminium smelter

2017-01-19 smh.com.au
Gladstone's Boyne Island aluminium smelter is set to shed jobs and cut $100 million-worth of production because of soaring Queensland power prices.

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Rape of Nanking denial puts Japanese hotel chain under criticism

2017-01-19 mercurynews
TOKYO (AP) — A fast-growing Japanese hotel chain is facing criticism over a book penned by the chain’s owner that says the Rape of Nanking was fabricated.

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2016 was a record-breaking year for global car sales, and it was almost entirely driven by China - Business Insider

2017-01-19 businessinsider
According to a report from Macquarie Bank, 88.1 million million cars and light commercial vehicles were sold worldwide in 2016, up 4.8% from a year earlier.

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BHP, Vale, Samarco set June 30 deadline to resolve multibillion dollar claims

2017-01-19 smh.com.au
Miner BHP Billiton, its partner Vale SA and their jointly owned Samarco unit said on Thursday they have set a June 30 deadline to settle billions of dollars in compensation claims stemming from an iron ore mine disaster in Brazil in 2015.

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Vegemite critic and rival Dick Smith cheers sale to Bega Cheese

2017-01-19 theage.com.au
A deal that has returned Vegemite to Australian hands has delighted Dick Smith, the most vocal critic of the yeast spread's foreign ownership  so much that he has pumped $250,000 into the product's new owner, Bega Cheese.  

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BHP Billiton, Vale Agree on Brazil Dam-Failure Settlement Plan With Prosecutors - WSJ

2017-01-19 wsj
SYDNEY—BHP Billiton Ltd., Vale SA and their Brazilian iron-ore joint venture have agreed on a plan with federal prosecutors there for negotiating a settlement of a $47.5 billion civil claim linked to a dam failure that killed 19 people, BHP said.

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BHP strikes deal to settle Samarco claim

2017-01-19 businessnews.com.au
BHP Billiton has reached a near $1 billion deal with Brazil's federal prosecutor to settle a civil claim over the fatal disaster at its Samarco joint venture.

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MARKET WATCH: Crude oil benchmarks both fall pending US inventory report - Oil & Gas Journal

2017-01-19 ogj
Crude prices fell on markets in New York and London on Jan. 18, which analysts attributed to a strengthening US dollar and also concerns that rising US shale production could offset a production cut by major producers elsewhere.