TOKYO (Reuters) – Two major European asset managers have jointly filed a shareholder resolution at Japanese electricity generator Electric Power Development Co Ltd, known as J-Power, for the second consecutive year in a row. Amundi and HSBC Asset Management filed the resolution with the Australasian Centre for Corporate Responsibility (ACCR), the non-profit climate group said…
By Akash Sriram and Abhirup Roy (Reuters) -Electric vehicle (EV) maker Lucid Group Inc reported lower-than-expected first-quarter revenue on Monday and trimmed its 2023 production forecast as a price war sparked by Tesla, rising interest rates and recession fears hurt sales. Shares in the maker of the Air luxury sedan dropped about 9% in after…
By Kylie Madry MEXICO CITY (Reuters) -The Mexican government on Monday set out fresh details of a plan to attract businesses to a corridor straddling a narrow isthmus of southern Mexico, part of a larger push to pump investment into the relatively poor region. The plan, called the Inter-Oceanic Corridor, will include 10 new industrial…
By Ted Hesson and Mike Blake SAN DIEGO (Reuters) -The Biden administration and Texas state government are sending reinforcements to the U.S.-Mexico border to prepare for a possible increase in illegal immigration when COVID-19 restrictions known as Title 42 are set to end on Thursday. Hundreds of specialized investigative agents and air marshals from the…
By Suban Abdulla LONDON (Reuters) – British retail sales growth held steady in April but high inflation meant shoppers were getting less for their money, and unsettled weather discouraged many from buying summer clothes, a British Retail Consortium survey showed on Tuesday. The BRC said spending at its members’ stores increased 5.1% in annual terms…
By Dietrich Knauth (Reuters) – Cryptocurrency exchange Bittrex Inc filed for bankruptcy protection on Monday, three weeks after the U.S. Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange. Seattle-based Bittrex ceased operations in the United States on April 30, and it said the bankruptcy filing would not impact Bittrex Global,…
(Reuters) – The New York Times is getting around $100 million from Google over three years as part of a broad deal that allows the Alphabet Inc unit to feature Times content on some of its platforms, the Wall Street Journal reported on Monday. The deal includes the Times’ participation in Google News Showcase, a…
By David Morgan WASHINGTON (Reuters) – President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 trillion U.S. debt ceiling and avoid a crippling default before the end of May. The Democratic president is calling on lawmakers to…
(Reuters) – Canada’s Cenovus Energy Inc said on Monday it has shut down production plants in some areas of its conventional business, due to wildfires in Alberta. The company added that production of about 85,000 barrels of oil equivalent per day has been impacted in Cenovus’ Rainbow Lake, Kaybob-Edson, Elmworth-Wapiti and Clearwater operating areas. Cenovus,…
(Reuters) – Canada’s Cenovus Energy Inc said on Monday it has shut down production plants in some areas of its conventional business, due to wildfires in Alberta. The company added that production of about 85,000 barrels of oil equivalent per day has been impacted in Cenovus’ Rainbow Lake, Kaybob-Edson, Elmworth-Wapiti and Clearwater operating areas. Cenovus,…
