BEIJING (AP) — China’s manufacturing activity fell to a six-month low in April as lockdowns continued in Shanghai and other manufacturing hubs in an attempt to stem COVID-19 outbreaks, according to a survey released Saturday. The monthly purchasing managers’ index, released by China’s National Bureau of Statistics, fell to 47.4 in April, down from 49.5…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co’s head of corporate affairs, Geoff Morrell, is leaving the company three months after joining from oil and energy company BP Plc, according to an email on Friday from Chief Executive Officer Bob Chapek. Morrell’s brief tenure has been marked by controversy over…
By Lawrence White and Anshuman Daga LONDON/SINGAPORE (Reuters) -HSBC Holdings’ largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. Ping An has set out its plan to split the company to HSBC’s board, according to earlier media reports, which…
By Jonathan Stempel and Carolina Mandl OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc holds its hotly-anticipated annual shareholder meeting in person on Saturday for the first time since before the pandemic, where shareholders will have the chance to quiz the so-called ‘Oracle of Omaha’ on everything from corporate governance, potential new investments and…
