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PRESS DIGEST- Financial Times - May 6

ReutersMay 6, 2025 3:03 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- US coal producer Peadbody threatens to terminate deal with Anglo American

- Eutelsat names new chief as Europe's Starlink rival seeks to unlock funding

- Credit Suisse to pay $511 million over helping wealthy Americans hide more than $4 billion

- Santander raises 7 billion euros from Poland sale

Overview

- Peabody Energy BTU.N said if the issues involving Anglo American's AAL.L Moranbah North mine were not resolved to its satisfaction, it may elect to terminate its pending deal to buy some of the British mining company's Australian steelmaking coal assets.

- Franco-British satellite operator Eutelsat ETL.PA will replace its CEO with Orange executive Jean-Francois Fallacher, in a surprise move by a company in the spotlight for its role in European defence communications.

- A Credit Suisse unit pleaded guilty to U.S. charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than $510 million, the U.S. Department of Justice said.

- Santander SAN.MC has struck a 7 billion-euro ($7.91 billion) deal to sell stakes in its business in Poland as it cuts its exposure to retail banking in the country, with plans to devote part of the proceeds to share buybacks.

($1 = 0.8845 euros)

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