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May 23, 2022

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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......

At least seven dead after blaze on Philippine passenger ferry

Reuters
MANILA, May 23 (Reuters) – Seven people have died after a high-speed Philippine ferry carrying 134 people caught fire on Monday, with seven passengers still missing, the coast guard said. The ship caught fire just before reaching the port of Real in Quezon province, about 60 km (37.28 miles) east......

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......

Canadian Pacific freight train carrying potash derails in Alberta, no injuries reported

Reuters
May 22 (Reuters) – A Canadian Pacific Railway (CP.TO) freight train carrying potash derailed east of Fort Macleod in southern Alberta on Sunday morning, the company said. There were no injuries reported and there are no public safety concerns, CP Rail said. The cause of the derailment in the western......

Russia stops Finland gas flows over payments dispute

Reuters
A view shows valves near a drilling rig at a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019. Picture taken May 21, 2019. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, May 21......

Royal Mail’s profit outlook shaky on labour dispute; shares slide

Reuters
Shares hit near one-and-a-half-year low 2021-22 adjusted operating profit misses market expectations Royal Mail says CWU dispute a ‘key uncertainty’ this year May 19 (Reuters) – Britain’s Royal Mail (RMG.L) said on Thursday the pay dispute with its largest labour union is a “key uncertainty” for the group this fiscal......

U.S. House Democrats seek new environmental review of postal delivery contract

Reuters
WASHINGTON, May 11 (Reuters) – A U.S. House of Representatives committee on Wednesday will consider a bill that seeks to invalidate a U.S. Postal Service (USPS) environmental review conducted as part of its deal to buy 50,000 next-generation delivery vehicles. House Oversight and Reform chair Carolyn Maloney is introducing legislation......

U.S. importers turn to prayer and the President as West Coast port labor talks begin

Reuters
Crude tankers are shown at the port of Long Beach, California, U.S., March 8, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, May 10 (Reuters) – For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and......

Exclusive: Tesla halts most production at Shanghai plant on Tuesday – memo

Reuters
Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Plant to produce less than 200 cars on Tuesday – memo Plant halted work due to supplies issues......

Buffett says inflation an issue for Berkshire, it ‘swindles almost everybody’

Reuters
Investors and guests arrive for the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 29, 2022. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com Register OMAHA, Neb., April 30 (Reuters) – Warren Buffett said on Saturday that inflation “swindles almost everybody”......

Nasdaq tumbles to lowest close since late 2020

Reuters
Microsoft, Alphabet drop ahead of reports after the bell GE down after it sees 2022 earnings at lower end of forecast Tesla tanks a day after Musk clinches deal to buy Twitter Indexes: Dow -2.38%, S&P 500 -2.81%, Nasdaq -3.95% April 26 (Reuters) – Wall Street ended sharply lower on......

UPS shares fall as consumer caution dims e-commerce outlook

Reuters
A United Parcel Service (UPS) logo is seen on a car in center of Warsaw January 16, 2013. REUTERS/Kacper Pempel/File Photo Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – United Parcel Service Inc (UPS.N) on Tuesday reported better-than-expected quarterly earnings, but shares fell 3% after......

Maersk says shipping boom will stabilise in H2, revises up profit guidance

Reuters
COPENHAGEN, April 26 (Reuters) – Shipping group Maersk (MAERSKb.CO), often seen as a barometer for global trade, on Tuesday cautioned the container market may normalize in the second half of the year, even as it raised full-year guidance driven by high container freight rates. The shipping industry has seen record......

Four people found from missing Japan ship, coast guard says

Reuters
A fishing boat leaves from Utoro port for searching for the missing tour boat “Kazu 1” in Shari, Hokkaido Prefecture, Japan in this photo taken by Kyodo on April 24, 2022. Mandatory credit Kyodo/via REUTERS Register now for FREE unlimited access to Reuters.com Register TOKYO, April 24 (Reuters) – Four......

Japan intensifies search for missing tour boat with 26 on board

Reuters
TOKYO, April 23 (Reuters) – Japan’s coast guard used aircraft and patrol boats on Saturday to search for a tour boat with 26 people on board, more than nine hours after it sent word that it was sinking off the northern island of Hokkaido, a coast guard official said. The......

U.S. Postal Service chief warns of inflation impact

Reuters
WASHINGTON, April 22 (Reuters) – U.S. Postmaster General Louis DeJoy says the agency is dealing with significant inflation costs as it works to stem losses, acknowledging higher costs will put further pressure on stamp prices. DeJoy told Reuters in a 90-minute interview late on Wednesday the U.S. Postal Service (USPS)......

Biden bans Russian ships from U.S. ports over Ukraine invasion

Reuters
U.S. President Joe Biden speaks to guests after delivering remarks on administration efforts to strengthen national supply chains and increase the number of truck drivers, at the White House in Washington, U.S., April 4, 2022. REUTERS/Leah Millis/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 21......

Vopak quarterly earnings show balanced portfolio, boost shares

Reuters
A model of 3D printed oil barrels are seen in front of displayed Vopak logo in this illustration taken December 1, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Q1 net profit 74.7 mln euros beats 69.9 mln consensus forecast To continue operating terminals in Australia......

U.S. settles with UPS to resolve immigration-related discrimination claims

Reuters
WASHINGTON, April 18 (Reuters) – The U.S. Justice Department has secured a settlement with United Parcel Service Inc (UPS.N) to resolve immigration-related discrimination claims in a civil action against the package delivery company, the agency said on Monday. “The settlement resolves the department’s claims that UPS violated the Immigration and......

CEO steers electric truck startup Rivian through supply chain twilight zone

Reuters
NORMAL, Ill., April 18 (Reuters) – Rivian Automotive Inc (RIVN.O) CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them.......

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