Author: Scott Murdoch

By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) -U.S.-based Newmont Corp’s $16.9 billion offer for Newcrest Mining Ltd, an acquisition that would create a gold mining behemoth, may be too low in the wake of a leadership change at the Australian company, investors and analysts said. Already the world’s largest gold producer by market value…

By Saeed Azhar and Scott Murdoch (Reuters) -Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment. Just over 3,000 employees will be let go, one of the sources said, but the final number is yet…

By Scott Murdoch, Kane Wu and Matt Scuffham SYDNEY/HONG KONG/NEW YORK (Reuters) – Morgan Stanley will raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct knowledge of the matter said, with a dealmaking boom to usher in bumper payouts by banks this year. Bankers in equity underwriting and…