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Anglo American today announced a radical restructure – its most far-reaching in decades – in which it would demerge its 79% owned Anglo American Platinum (Amplats) and sell or demerge De Beers, the diamond miner with which it has been associated for over a century. It also proposes the sale of its steelmaking coal assets and the closure or sale of its ...
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There are certain names that echo down from the history of finance and economics. Adam Smith is one. Milton Friedman is another. So does the British economist John Maynard Keynes. Keynes’ was, and famously remains, an advocate of government deficit spending in a recession. It’s hard to imagine now how radical this position was in the decade before the ...