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Financial Times - May 6

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Headlines

US coal producer Peadbody has threatened to end deal with Anglo American

Eutelsat names a new CEO as Starlink's rival in Europe seeks funding

Credit Suisse will pay $511 Million for helping wealthy Americans to hide over $4 Billion

Santander earns 7 billion Euros from Poland sales

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Peabody Energy has said that if it is not satisfied with the resolution of issues surrounding Anglo American's Moranbah North Mine, then they may terminate their pending agreement to purchase some of Anglo American's Australian steelmaking assets.

The franco-british satellite operator Eutelsat has announced that Orange executive Jean Francois Fallacher will be replacing its CEO. This is a surprising move from a company known for its leading role in European defense communications.

The U.S. Department of Justice announced that a Credit Suisse unit has pleaded guilty in the United States to charges of helping ultra wealthy Americans evade tax and will pay an amount of $510 million.

Santander is selling stakes in its Polish retail banking business for 7 billion euros ($7.91billion) as part of a plan to reduce its exposure in the country. The proceeds will be used to buy back shares. ($1 = 0.8845 euro) (Compiled from Bengaluru Newsroom)

(source: Reuters)