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May 24, 2022

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Tedros re-elected as head of World Health Organization

Reuters
GENEVA, May 24 (Reuters) – The World Health Organization’s (WHO) members re-elected Tedros Adhanom Ghebreyesus as Director General by a strong majority for another five years, the president of the World Health Assembly said on Tuesday. The vote by secret ballot, announced by Ahmed Robleh Abdilleh from Djibouti at a......

Glencore prepares to pay up to $1.5 bln to settle U.S., UK, Brazil probes

Reuters
Glencore agrees settlements in U.S., Brazil Glencore Energy (UK) charged with bribery over oil operations UK sentencing hearing called for June 21 LONDON, May 24 (Reuters) – Glencore Plc (GLEN.L) said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation by U.S.,......

Palantir, Trafigura aim to track carbon emissions for the oil industry

Reuters
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 24 (Reuters) – Palantir Technologies Inc (PLTR.N) and global commodities trader Trafigura have set......

Dividend payouts hit first quarter record, but outlook rocky

Reuters
U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 24 (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to......

UN Human Rights chief kicks off high-stakes visit to China, Beijing cites COVID in limiting access

Reuters
UN High Commissioner for Human Rights Michelle Bachelet attends an event at the United Nations in Geneva, Switzerland, November 3, 2021. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com Register BEIJING/GENEVA, May 23 (Reuters) – The United Nations High Commissioner for Human Rights Michelle Bachelet arrived in China......

Governments need to take urgent action to combat inequality, Oxfam says

Reuters
LONDON, May 23 (Reuters) – Governments need to take urgent action to tackle rising inequality which emerged over the COVID-19 crisis with a surge in energy and food prices ramping up pressures on millions of people around the world, Oxfam said on Monday. The report, released by the Nairobi-based charity......

Swiss Re, UBS among founding buyers in carbon removal scheme

Reuters
LONDON, May 23 (Reuters) – Insurance firm Swiss Re (SRENH.S) and banking giant UBS (UBSG.S) are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of huge reductions......

First baby formula shipment, enough for thousands of U.S. infants, arrives from Europe

Reuters
WASHINGTON, May 22 (Reuters) – A military cargo plane carrying the first shipment of infant formula from Europe to help address a critical shortage in the United States landed in Indianapolis on Sunday, but a top government official noted that much more needs to be done. A Feb. 17 recall......

EXCLUSIVE General Atlantic plans $2 billion investment in India, Southeast Asia

Reuters
The logo of the upcoming World Economic Forum 2022 (WEF) is pictured on a window at the congress center, in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity......

Biden says first shipments of baby formula flying in from Europe this weekend

Reuters
May 20 (Reuters) – The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration’s handling of the issue. Biden said on Twitter the initial military cargo plane......

Factbox: The Great Rebrand: Western business reborn in Russia under new names

Reuters
May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of......

Dollar selling takes a pause after bruising week

Reuters
U.S. hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 20 (Reuters) – The U.S. dollar recouped some of its losses against the euro on Friday, but remained set......

Credit Suisse hires Barclays banker to run Iberia investment banking

Reuters
Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register LONDON, May 20 (Reuters) – Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Spain......

European shares rebound, China rate move helps sentiment

Reuters
LONDON, May 20 (Reuters) – Shares rebounded on Friday after China cut a key lending benchmark to support its economy, though a global equities gauge remained set for its longest weekly losing streak on record amid investor worries about slowing growth and high inflation. China cut its five-year loan prime......

Euro rises with focus on ECB tightening path, Swiss Franc rises

Reuters
Euro rises, focus on rate hike bets Dollar takes a breather after recent gains Swiss Franc at multi-week highs after SNB hawkish turn Graphic: World FX rates May 19 (Reuters) – The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the......

Biden invokes Defense Production Act to increase infant formula supply

Reuters
WASHINGTON, May 18 (Reuters) – President Joe Biden took steps on Wednesday to address the shortage of infant formula in the United States, invoking the Defense Production Act to help manufacturers obtain the ingredients needed to ramp up supply, the White House said. Biden also directed U.S. agencies to use......

Stock market rebound fizzles, UK inflation hits 40-year high

Reuters
LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out......

Column: European smelter hits mean another year of zinc shortfall: Andy Home

Reuters
LONDON, May 16 (Reuters) – The global refined zinc market is expected to register a supply shortfall of 292,000 tonnes this year, according to the International Lead and Zinc Study Group (ILZSG). It will be the second consecutive year of deficit after global production fell short of demand to the......

European shares flat after weak China data, miners limit fall

Reuters
FILE PHOTO; The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 12, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register China’s April retail sales slip almost twice more than forecast Vodafone rises as UAE telco take 9.8% stake Valneva......

Adani Group to acquire Holcim’s India business for $6.39 billion

Reuters
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Reuters.com Register May 15 (Reuters) – Holcim AG (HOLN.S) on Sunday said it signed a......

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