Metals

China Holds the Key to a $54 Billion Mining Merger

Anglo American and Teck Resources have spent the past year assembling one of the mining industry’s most consequential combinations. Shareholders have approved the all-share merger, Canada has secured investment commitments,...

Tax

When Trading Activity Triggers Tax Risk

Active trading can sharpen returns—but it also sharpens the taxman’s attention. Across major jurisdictions, tax authorities increasingly distinguish between investing and trading, and...