By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s Prime Minister Chris Hipkins will head to Papua New Guinea on May 21 to attend the United States-Pacific Summit, his office said in a statement on Thursday. U.S. President Joe Biden will meet leaders of 18 Pacific countries and territories including Hipkins, who have been invited to…
(Reuters) -Proxy adviser Glass Lewis said on Wednesday Illumina Inc shareholders should vote for two of Carl Icahn’s nominees to the firm’s board, as representatives who can challenge the current board would be beneficial to the company. Glass Lewis added shareholders should vote against the re-election of the current chief Francis deSouza and chair John…
By Steve Gorman (Reuters) – A convicted killer imprisoned in Peru will be handed over to U.S. authorities to face extortion and fraud charges there stemming from the unsolved 2005 disappearance and presumed murder of an Alabama teenager, the Lima government said on Wednesday. The executive order from Peru’s Council of Ministers allowing the temporary…
By Mike Blake and Ted Hesson SAN DIEGO/WASHINGTON (Reuters) – Thousands of migrants are crossing into the United States this week before a new regulation takes effect that could bar most who cross illegally from seeking asylum, while others gathered on the Mexico side amid confusion about U.S. policy. The U.S. rolled out a regulation on…
By Tim Reid (Reuters) – Republican former President Donald Trump on Wednesday played down the severity of a potential U.S. government default, saying the consequences of a failure by Congress to raise the nation’s debt limit “could be maybe nothing.” Most economists warn that a failure to raise the debt ceiling by June 1, when…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country — but also try to get Beijing’s cooperation in solving global debt problems. The conflicting goals…
SHANGHAI/BERLIN (Reuters) – Automakers including Volkswagen and General Motors could have considerable unused production capacity for conventionally powered vehicles in China by 2030 if they do not speed up their transition to electric vehicles (EV), Greenpeace said on Thursday. As demand for new energy vehicles (NEV) – including fully electric and plug-in hybrid cars –…
By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the U.S. economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” Biden said…
By Archishma Iyer (Reuters) – Australian lithium producer Allkem surged more than 14% on Thursday after announcing a $10.6 billion merger with U.S- based Livent to create the third-largest producer of the key component used in electric-vehicle batteries. Allkem shares soared as much as 14.2% to A$14.740 by 0014 GMT, touching their highest since Nov….
By Andres Gonzalez (Reuters) – Conglomerate Grupo Mexico is set to buy Citigroup Inc’s retail banking operations in Mexico for about $7 billion in a deal that could be announced as early as this week, according to a person familiar with the matter. As part of the deal, Citi will retain a roughly 10% stake…
