TOKYO (Reuters) – Mitsubishi UFJ Financial Group, Japan’ biggest bank, and Sumitomo Corp, one of the country’s largest trading houses, are being targeted with climate resolutions from activist shareholders at their annual shareholder meetings.FILE PHOTO: The sun is reflected on a solar panel at a solar power field in Kawasaki, near Tokyo June 13, 2012. REUTERS/Toru Hanai/File PhotoShareholders at Mizuho […]
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FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 26, 2021. REUTERS/Staff(Reuters) – European stocks edged closer to a record high on Monday on optimism over a global economic recovery, while Credit Suisse tumbled following a warning of “significant” losses from exiting positions after a U.S.-based hedge fund defaulted on […]
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FILE PHOTO: A Deliveroo delivery rider cycles in London, Britain, March 8, 2021. REUTERS/Toby Melville/File PhotoLONDON (Reuters) -Food delivery company Deliveroo has seen investor demand for its initial public offering (IPO) exceeding the full deal size, setting the stage for London’s biggest initial public offering (IPO) in a decade. The London-based firm is expected to make its stock market debut […]
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Hong Kong (CNN Business)Oil prices are falling after the Ever Given container ship was partially pried free in the Suez Canal, giving rise to hopes that a crucial lane of global trade can soon reopen. Futures for Brent crude, the global benchmark, were last down 2% to $63.28 a barrel, while West Texas Intermediate futures, the US benchmark, fell 2% […]
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(Reuters) – Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert landscape.FILE PHOTO: Dust blows around a crude oil pump jack and flare burning excess gas at a drill pad in the Permian Basin in Loving County, Texas, U.S. […]
Read moreMELBOURNE (Reuters) – The Australian Aboriginal group whose sacred rock shelters Rio Tinto destroyed last year rejected a plan by mining company Fortescue’s founder Andrew Forrest to build dams along a river in the same region, citing the cultural damage it would cause. Australia is considering new legislation to protect Aboriginal heritage after Rio, in the process of building an […]
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(Corrects to Sumitomo Corp, not Sumitomo Mitsui Financial Group, in first paragraph; removes reference to Japan’s biggest banks)FILE PHOTO: The sun is reflected on a solar panel at a solar power field in Kawasaki, near Tokyo June 13, 2012. REUTERS/Toru Hanai/File PhotoTOKYO (Reuters) – Mitsubishi UFJ Financial Group, Japan’ biggest bank, and Sumitomo Corp, one of the country’s largest trading […]
Read moreSYDNEY (Reuters) – Australia’s Queensland state reported one new coronavirus case on Sunday linked to the highly contagious B117 UK mutant strain, but officials said a wider lockdown was not yet needed yet. The newly diagnosed man is a close contact of the first case in an emerging cluster, a landscaper who tested positive on Thursday, Queensland Premier Annastacia Palaszczuk […]
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A selling spree on Wall Street erased $35 billion from the values of stocks of major companies Friday. The selloff appears to be in part the result of the “forced liquidation of positions” held by Archegos Capital Management, CNBC reported. Goldman Sachs liquidated $10.5 billion worth of stocks in block trades, Bloomberg reported. See more stories on Insider’s business page. […]
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