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May 24, 2022

Reuters

Georgia Republican primaries provide the latest test of Trump’s sway

Reuters
ATLANTA, May 24 (Reuters) – Donald Trump’s campaign to play kingmaker in this year’s U.S. midterm elections faced its biggest test yet on Tuesday, as polls closed in Georgia primaries and Republican voters waited to see whether Governor Brian Kemp weathered Trump’s bid to oust him. Trump has backed former......

Cryptoverse: Is the end of the bitcoin winter nigh?

Reuters
May 24 (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Register now......

Explainer: A judge ruled the U.S. must keep expelling asylum seekers. What happens now?

Reuters
WASHINGTON, May 24 (Reuters) – The administration of U.S. President Joe Biden said it would appeal the decision of a Louisiana judge that upended its plans to end a COVID-era health order blocking most asylum seekers and other migrants at the border with Mexico. Despite the setback, the administration is......

Biden administration says it has not ruled out export curbs to ease fuel prices

Reuters
BAYOU CHOCTAW, La., May 24 (Reuters) – U.S. President Joe Biden has not ruled out using export restrictions to ease soaring domestic fuel prices, U.S. Energy Secretary Jennifer Granholm said on Tuesday. Asked if the United States was considering restricting petroleum exports to ease fuel prices, Granholm said “I can......

Rocky markets giving macro funds a boost

Reuters
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 20, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 24 (Reuters) – Hedge funds that bet on bonds, currencies, stocks and commodities are......

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.,......

U.S. prepares renewal of Chevron’s Venezuela license without broader terms -sources

Reuters
A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register HOUSTON/WASHINGTON, May 24 (Reuters) – The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp’s (CVX.N) license to operate in......

Oh Snap! Social media stocks lose billions after Snapchat parent warning

Reuters
A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Snap Inc (SNAP.N) shares plunged......

WHO says monkeypox ‘containable’ as more govts start limited vaccinations

Reuters
‘Let’s not make a mountain out of a molehill’ – WHO official Authorities investigate 237 suspected, confirmed cases of virus France, Denmark latest to consider target vaccinations GENEVA, May 24 (Reuters) – The outbreak of monkeypox cases outside of Africa can be contained, the World Health Organization said on Tuesday,......

Shareholders back Shell’s climate strategy after raucous meeting

Reuters
LONDON, May 24 (Reuters) – Shareholders backed Shell’s (SHEL.L) climate strategy in a meeting on Tuesday that was disrupted by dozens of climate protesters, while a climate activist proposal from the Follow This group received fewer votes than last year. It followed a Dutch court ruling in May 2021, telling......

Quad countries, including India, shared Ukraine concerns, Japan’s Kishida says

Reuters
TOKYO, May 24 (Reuters) – Leaders of the Quad grouping of countries, including India’s Narendra Modi, shared concerns over the situation in Ukraine at their meeting in Tokyo, Japanese Prime Minister Fumio Kishida said on Tuesday. “The four leaders had candid discussion on the impact of the Ukraine situation on......

S.Africa’s Ramaphosa: Russia sanctions hurt “bystander” countries

Reuters
German Chancellor Olaf Scholz stands next to South African President Cyril Ramaphosa, before inspecting the guard of honour during his state visit to the governments Union building in Pretoria, South Africa May 24, 2022. REUTERS/Siphiwe Sibeko Register now for FREE unlimited access to Reuters.com Register German Chancellor Scholz on tour......

India says ‘substantive outcomes’ from Biden, Modi talks

Reuters
TOKYO/NEW DELHI, May 24 (Reuters) – Indian Prime Minister Narendra Modi and U.S. President Joe Biden reached “substantive outcomes” on Tuesday in talks to strengthen their trade and defence ties, India said, though Modi refrained from condemning Russia for its invasion of Ukraine. The leaders were in Tokyo for a......

Exclusive: Petrobras warned of diesel shortages before CEO ouster

Reuters
May 24 (Reuters) – Brazil’s Petrobras alerted the government last week that diesel pumps could run dry this year if the oil company does not sell fuels at market prices, according to four people close to discussions and an internal presentation seen by Reuters. Just days later, President Jair Bolsonaro......

Column: LNG momentum swinging back to Asia as Europe demand eases: Russell

Reuters
A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina’s receiving terminal in Dalian, Liaoning province, China July 16, 2018. REUTERS/Chen Aizhu/File Photo/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, May 24 (Reuters) – The merry-go-round of liquefied natural gas (LNG)......

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......

UK stocks hit by global gloom, windfall tax threat for utilities

Reuters
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register Power generators hit by report of windfall tax Royal Mail slides as Peel Hunt downgrades to sell FTSE 100 down 0.6%, FTSE......

Oil drops on recession fears and China COVID curbs

Reuters
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com Register IMF chief says she cannot rule out recession Beijing......

Sri Lanka increases fuel prices to address economic crisis

Reuters
COLOMBO, May 24 (Reuters) – Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Power and Energy Minister Kanchana Wijesekera said in a......

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