By Jonathan Stempel NEW YORK (Reuters) -Energizer Holdings Inc and Walmart Inc have been sued by consumers and retailers in three proposed class actions accusing them of conspiring to raise the prices of disposable batteries. According to complaints filed on Friday, Energizer agreed “under pressure from Walmart” to inflate wholesale battery prices for other retailers…
By Lucinda Elliott and Daniela Desantis ASUNCION (Reuters) -Paraguayan conservative economist Santiago Pena, 44, won the country’s presidential election on Sunday, tightening the ruling Colorado Party’s political grip in the country and defusing fears about the end of diplomatic ties with Taiwan. Pena, who has pledged to maintain Paraguay’s long-standing Taiwan relations, had 42.7% of…
By Ali Sawafta JERICHO, West Bank (Reuters) – Israeli forces shot dead a Palestinian teenager during a morning arrest raid that led to clashes in a refugee camp outside the city of Jericho in the occupied West Bank, Palestinian health officials said. The Palestinian health ministry said 17-year-old Jibril Kamal died after being shot in…
By Alex Lawler LONDON (Reuters) -Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from new OPEC+ supply cuts taking effect this month. The Fed, which meets on May 2-3, is expected to increase interest rates by another…
(Reuters) -The California Department of Financial Protection and Innovation (DFPI) said on Monday it had closed First Republic Bank and agreed a deal to sell its assets to JPMorgan Chase & Co and National Association, in what is the third major U.S. bank to fail in two months. JPMorgan bank was one of several interested…
By Mahamat Ramadane KOUFROUN, Chad (Reuters) – At a refugee camp in remote eastern Chad, Amné Moustapha is close to giving birth. Her contractions are dizzying and her feet swell in the baking heat. Her husband is building a shack from sticks and string to shelter their coming newborn. Moustapha, 28, fled her village of…
By Anant Chandak BENGALURU (Reuters) – India’s factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signaling resilient demand and an encouraging outlook. The survey results suggest India will continue to be one of the fastest-growing major…
By Tetsushi Kajimoto and Kentaro Sugiyama TOKYO (Reuters) – Rising inflation and an intensifying labour crunch are prodding smaller local Japanese firms to follow their big counterparts in raising pay, a move that can generate broader wage hikes and encourage the central bank to phase out its massive stimulus. Wages have barely risen in Japan…
By Krishna N. Das and Jennifer Rigby NEW DELHI/LONDON (Reuters) -An unnamed middleman in Mumbai provided a crucial raw material used in Indian-made cough syrups that have been linked to the deaths of more than 70 children in Gambia, a chemicals trader involved in the supply chain told Reuters. The World Health Organization said last…
BENGALURU (Reuters) – U.S. private equity firm KKR & Co Inc will invest an additional $250 million in Serentica Renewables, the Indian decarbonisation platform said on Monday. “This latest investment will support the company’s effort to achieve 4000MW of installed renewable energy capacity that will aid clean energy delivery to large-scale industrial customers,” Serentica Renewables…