By Jonathan Stempel and Carolina Mandl OMAHA, Neb. (Reuters) -Shareholders lined up early for Berkshire Hathaway Inc’s hotly-anticipated annual shareholder meeting, being held in person on Saturday for the first time since before the pandemic, where they will have the chance to quiz Warren Buffett on everything from corporate governance, potential new investments and his…
BEIJING (Reuters) – China’s state planner warned domestic thermal coal producers and traders on Saturday not to hoard stock or engage in a list of other practices that it said amounted to pushing up prices. Industry players should not make up false information on supply levels and costs that could heat up the market, the…
By Jonathan Stempel OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp Berkshire, which Buffett has run since 1965, also said on Saturday quarterly operating profit was little changed from a year…
By Munsif Vengattil and Nivedita Balu BENGALURU (Reuters) – India’s Vedanta is in talks with banks to raise debt of $2.5 billion-$3 billion to bolster its semiconductor and display manufacturing plans as it races to become the country’s first chipmaker, a senior company official told Reuters on Saturday. The oil-to-metals conglomerate decided in February to…
(Reuters) – A group of people and entities have filed a class action lawsuit against Credit Suisse, alleging that the Swiss bank misled investors over business dealings related to Russian oligarchs, law firm Pomerantz LLP said. Credit Suisse did not comment when contacted by Reuters. The lawsuit, filed in a New York district court, is…
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…
BEIJING (Reuters) – China’s factory activity contracted at a steeper pace in April as widespread COVID-19 lockdowns halted industrial production and disrupted supply chains, raising fears of a sharp economic slowdown in the second quarter that will weigh on global growth. The official manufacturing Purchasing Managers’ Index (PMI) fell to 47.4 in April from 49.5…
