Barrick Mining Corp.’s board has authorized the repurchase of as much as $3 billion of its shares, as the world’s third-largest gold producer woos investors before spinning off its North American assets later this year.
IAG SA predicted profit and free cash flow for the year will be lower than previously anticipated amid a surging fuel bill, while saying the market weakness may create opportunities to buy up struggling competitors.
Raízen SA sent an alternative proposal to creditors as it tries to iron out terms of a 65 billion-real ($13 billion) debt restructuring, according to people familiar with the matter.
