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Rio Tinto announced an agreed all-cash deal to acquire Arcadium Lithium for $6.7 billion, making it one of the world's largest lithium producers. The acquisition provides Rio Tinto with access to lithium mines and processing facilities across several countries and a customer base including Tesla and BMW.
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Alimentation Couche-Tard reportedly offered to pay over $47bn for the Japanese-owned retail giant.
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The Reserve Bank of India changed its policy stance to neutral from withdrawal of accommodation while maintaining the repo rate at 6.5%, hinting at a potential rate cut in the upcoming year. Stock and bond markets responded positively, with significant gains in financial sectors.
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