LONDON (Reuters) – Shell shareholders should vote against a climate activist resolution seeking faster emissions cuts, proxy advisory firm Institutional Shareholder Services (ISS) said on Saturday, while acknowledging the merits of the proposal. Shell investors will vote at an annual general meeting on May 23 on a resolution filed by the Follow This activist shareholder…
(Reuters) -Early favourite Forte has been scratched from the Kentucky Derby hours before post time for the first leg of U.S. thoroughbred racing’s Triple Crown due to concerns about a bruised front foot, Churchill Downs said on Saturday. The Todd Pletcher-trained dark bay colt had brought a five-race win streak to the 1-1/4-mile Kentucky Derby…
By John McCrank NEW YORK (Reuters) – Warren Buffett on Saturday said Berkshire Hathaway is cautious around the banking sector, largely because of poor messaging by officials around government-insured deposits, as well as distorted incentives he said were brought on by banking regulation. A crisis of confidence in the U.S. banking sector has led to…
By Jonathan Stempel and Carolina Mandl OMAHA, Nebraska (Reuters) – Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire’s annual shareholder meeting, Buffett rejected speculation that Berkshire would buy Occidental after having accumulated…
By Mark Trevelyan (Reuters) -A prominent Russian nationalist writer, Zakhar Prilepin, was wounded in a car bombing that killed his driver on Saturday and investigators said a detained suspect admitted acting on behalf of Ukraine. The attack took place three days after the Kremlin said Ukraine attempted to hit the Kremlin with drones – Ukraine…
By Jonathan Stempel, Carolina Mandl and John McCrank OMAHA/NEW YORK (Reuters) -Warren Buffett on Saturday offered a vote of confidence in the United States while warning about growing partisanship in Washington, ahead of a looming debt ceiling showdown he said could bring “turmoil” to the global financial system. Speaking at the annual meeting of his…
By Jonathan Stempel and John McCrank OMAHA, Nebraska (Reuters) – Warren Buffet on Saturday said he is more comfortable with Berkshire Hathaway Inc deploying capital in Japan than Taiwan, reflecting the growing tensions between the United States and China. The billionaire investor contrasted Berkshire’s recently increased investments in five Japanese trading houses with its recent…
By Aziz El Yaakoubi and Nafisa Eltahir RIYADH (Reuters) -Envoys from Sudan’s warring military factions – the army and the paramilitary Rapid Support Forces – were in Jeddah for talks on Saturday, Saudi Arabia’s foreign minister said, as international mediators pressed for an end to the three-week old conflict. The U.S.-Saudi initiative is the first…
(Reuters) – Air monitoring around an extinguished fire at the Shell Plc’s chemical plant in Deer Park, Texas, showed no harmful levels of chemicals in the air, the company said on Saturday, added that there was no threat to the surrounding community. The fire broke out shortly before 3 p.m. CDT (2000 GMT) on Friday…
By Jonathan Stempel, Carolina Mandl and John McCrank OMAHA/NEW YORK (Reuters) -Warren Buffett on Saturday offered a vote of confidence in the United States, saying he could not imagine the government letting it default on its debt and risk letting the world’s financial system “go into turmoil.” Speaking at Berkshire Hathaway Inc’s annual meeting in…
