PRESS DIGEST- Financial Times - Aug 20
Aug 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- BHP and Rio Tinto lobby Donald Trump over US copper mine after new delay
- Peabody pulls out of $3.8 billion Anglo American coal deal
- Reeves explores reform to capital gains tax on expensive houses
Overview
- U.S. President Donald Trump has labelled opponents of a huge copper project in Arizona as "anti-American" after meeting leaders of BHP BHP.AX and Rio Tinto RIO.AX, RIO.L at the White House following a new delay to the development.
- Peabody Energy BTU.N withdrew its $3.78 billion bid for Anglo American's AAL.L Australian coking coal assets after failing to cut the price following a mine fire, with the dispute now set for arbitration.
- British Finance Minister Rachel Reeves is examining ways of raising tax revenue from high-value homes including through reforms to capital gains tax.
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