ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes” as the war grinds on. The final statement from…
By Samuel Indyk LONDON (Reuters) – Global shares moved into positive territory on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by half in a major…
BANGKOK (AP) — Global stocks were mostly higher Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week. Oil prices pushed higher and U.S. futures also advanced. As they wrapped up a summit in Elmau, Germany, Group of Seven leaders were finalizing a deal to seek a price…
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott Management, and Eijiro Imai, managing director…
ZURICH (Reuters) – Switzerland needs two big banks to fuel competition, the chief executive officer of Julius Baer said in a newspaper interview amid speculation about the future of Credit Suisse, the second-biggest lender after UBS. “Competition stimulates business. Two healthy and strong big banks are important for the Swiss financial centre,” Philipp Rickenbacher told…
HONG KONG (AP) — Every few generations, Hong Kong transforms itself, evolving from a swampy fishing village to 19th century colonial port, to capitalist outpost and factory after China’s 1949 revolution, to 21st century financial center. As the former British colony marks the 25th anniversary of its return to China, reeling from pandemic curbs that…
TOKYO (Reuters) – Japan’s Nissan Motor Co Ltd on Tuesday rejected a shareholder proposal at its annual general meeting (AGM) that would have led to the disclosure of a decades-old agreement with 43% stakeholder Renault SA. Ahead of the AGM, one investor proposed designating Renault as Nissan’s parent company which by law would force the…
TOKYO (AP) — Toshiba shareholders approved 13 nominated directors to its board Tuesday, as the Japanese technology giant struggles to restore its one-time glory and set a clear leadership direction. Chief Executive Taro Shimada, who oversaw the annual shareholders’ meeting in Tokyo, said the majority had voted to OK that plan. He promised shareholders Toshiba…
NUR-SULTAN (Reuters) – Kazakh billionaire businessman Timur Kulibayev has handed to the state energy company his stake of 49% in Petrosun, a large oil and oil products trader controlled by China’s CNPC, Kazakh Deputy Prime Minister Roman Sklyar said on Tuesday. Petrosun buys and refines the lion’s share of Kazakh crude that is not produced…
