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May 24, 2022

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Beijing ramps up COVID quarantines, Shanghai residents decry uneven rules

Reuters
Beijing sends 1,800 to quarantine in Hebei – media Vice Premier Sun Chunlan says Beijing curbs cannot ease Shanghai stocks record biggest drop in a month Airbnb latest Western internet firm to exit China BEIJING/SHANGHAI, May 24 (Reuters) – Beijing stepped up quarantine efforts to end its month-old COVID outbreak......

Samsung to invest $356 billion over five years in strategic sectors

Reuters
SEOUL, May 24 (Reuters) – Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics (005930.KS) said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive......

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......

Dollar bounces as Snapchat sours mood; Aussie, kiwi sink

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, May 24 (Reuters) – The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures......

Asia stocks restrained as U.S. futures retreat

Reuters
Men wearing protective face masks walk under an electronic board showing Japan’s Nikkei share average inside a conference hall, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets : Nikkei dips as U.S.......

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......

Zoom raises full-year profit view on strong enterprise demand

Reuters
Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Zoom Video Communications Inc (ZM.O) raised its full-year adjusted profit forecast on Monday, betting on......

EXCLUSIVE Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring -sources

Reuters
The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register COLOMBO/LONDON, May 23 (Reuters) – Sri Lanka has hired heavyweight......

JPMorgan raises 2022 interest income outlook, shares rally 7%

Reuters
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – JPMorgan Chase & Co (JPM.N) lifted its forecast for interest income and affirmed its......

BlackRock moves to sidelines on developed market equities

Reuters
NEW YORK, May 23 (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation......

Best Buy earnings expected to fan inflation gloom gripping America’s retailers

Reuters
A person enters a Best Buy store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Expectations are running low for electronics retailer Best Buy Co Inc’s (BBY.N) quarterly earnings on Tuesday after results from......

Majority shareholders vote in favor of delisting Didi from New York

Reuters
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Chinese ride-hailing giant Didi Global will delist......

AstraZeneca says EU regulator approves COVID shot as booster

Reuters
May 23 (Reuters) – Drugmaker AstraZeneca (AZN.L) said on Monday its COVID-19 vaccine, Vaxzevria, has been approved in the European Union by the bloc’s drugs regulator as a third-dose booster in adults following a committee endorsement last week. The vaccine can now be used as a booster following the two-dose......

India’s Mahindra to explore more partnerships for EV parts -CEO

Reuters
Anish Shah, Chief Executive Officer (CEO) of India’s Mahindra Group, poses for a picture after an interview with Reuters ahead of the World Economic Forum (WEF) at the Alpine resort of Davos, Switzerland May 22, 2022. REUTERS/Aditya Kalra Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May......

UK’s Kingfisher boosted by ‘grow your own’ plant sales

Reuters
General view of a B&Q DIY store, as the spread of the coronavirus disease (COVID-19) continues, in Chiswick, London, Britain, April 23, 2020. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register LONDON, May 23 (Reuters) – British home improvement retailer Kingfisher (KGF.L) reported first quarter sales significantly......

Siemens Energy sees ‘need for action’ in turbine unit takeover plan

Reuters
MADRID, May 23 (Reuters) – Siemens Energy (ENR1n.DE) does not yet see signs of a recovery at wind turbine maker Siemens Gamesa (SGREN.MC), its chief executive said on Monday after launching a bid for minority holdings in the struggling unit. Siemens Energy announced the bid on Saturday after facing pressure......

U.S. Southern Baptists release scathing report on sexual abuse

Reuters
ATLANTA, May 22 (Reuters) – For decades, complaints of sex abuse by pastors and staff in the largest U.S. Protestant denomination, the Southern Baptist Convention, were either ignored or covered up by top clergy, according to an internal report released on Sunday. The nearly 300-page report details how complaints were......

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......

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......

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