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Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer

UPDATE 1-Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer Adds details on recommendations, background from paragraph 3 By Gary McWilliams HOUSTON, May 16 (Reuters) - Hess HES.N shareholders should vote in favor of Chevron CVX.N Corp's $53 billion offer at the company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.
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Patagonia Lithium Says 15 High Priority REE And Lithium Concessions Granted In Brazil

BRIEF-Patagonia Lithium Says 15 High Priority REE And Lithium Concessions Granted In Brazil May 17 (Reuters) - Patagonia Lithium Ltd PL3.AX : 15 HIGH PRIORITY REE AND LITHIUM CONCESSIONS GRANTED IN BRAZIL Further company coverage: PL3.AX

Australia's Contact Energy falls after raising development costs for geothermal project

BUZZ-Australia's Contact Energy falls after raising development costs for geothermal project ** Shares of Contact Energy CEN.NZ fall as much as 2.8% to NZ$8.8, set for their worst day since April 2, if losses hold ** The electricity generating firm raises development costs for GeoFuture - a new geothermal plant on the Wairakei steamfield - by NZ$30

Japan says use of frozen Russian assets for Ukraine must align with law

UPDATE 1-Japan says use of frozen Russian assets for Ukraine must align with law Adds details, background throughout TOKYO, May 17 (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday proposals to use frozen Russian financial assets to aid Ukraine needed to comply with international law. Finance ministers from the Group of Seven major democracies will meet in Italy next week and will discuss the question of how revenues from the frozen Russian assets should be used.

Philippine cbank says its less hawkish stance may put pressure on peso

Philippine cbank says its less hawkish stance may put pressure on peso MANILA, May 17 (Reuters) - The Philippine central bank's less hawkish stance may put pressure on the peso but that has not happened yet, its governor said on Friday. Bangko Sentral ng Pilipinas Governor Eli Remolona told Bloomberg TV on Friday the central bank is "happy" with the movement of the currency, but it has been intervening in small amounts keep markets orderly.

Ayala Corp Says Approval By AC Executive Committee Of Divestment Of Ayala Group’S Stake In Manila Water Company

BRIEF-Ayala Corp Says Approval By AC Executive Committee Of Divestment Of Ayala Group’S Stake In Manila Water Company May 17 (Reuters) - Ayala Corp AC.PS : APPROVAL BY AC EXECUTIVE COMMITTEE OF DIVESTMENT OF THE AYALA GROUP’S STAKE IN MANILA WATER COMPANY, SALE BY AC OF ITS 577 MILLION COMMON SHARES IN MWC TO TRIDENT WATER COMPANY AT PURCHASE P

Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer

UPDATE 1-Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer Adds details on recommendations, background from paragraph 3 By Gary McWilliams HOUSTON, May 16 (Reuters) - Hess HES.N shareholders should vote in favor of Chevron CVX.N Corp's $53 billion offer at the company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.
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Dollar set for weekly drop on US slowdown signs

FOREX-Dollar set for weekly drop on US slowdown signs By Tom Westbrook SINGAPORE, May 17 (Reuters) - The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. The euro EUR=EBS is up 0.9% on the dollar this week, has broken above resistance around $1.0855 and traded as high as $1.0895 in the wake of U.S.
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Golf-Dazzling eagle gets Scheffler on right track at PGA Championship

Golf-Dazzling eagle gets Scheffler on right track at PGA Championship May 16 (Reuters) - Scottie Scheffler sent the crowd into a frenzy as he holed out for an eagle to start his PGA Championship campaign in Louisville, Kentucky, on Thursday, as he carded a four-under par 67 to end the day five shots back from the lead. Playing his first hole as a new dad after welcoming baby Bennett last week , the top-ranked American hit the ball some 167 yards from the middle of the fairway and grinned widely

Tracking China's 'grey zone' balloon flights over Taiwan

GRAPHIC-Tracking China's 'grey zone' balloon flights over Taiwan By Jackie Gu and Yimou Lee TAIPEI, May 17 (Reuters) - About a month before Taiwan's January presidential election, China began sending intruders over the Taiwan Strait: more than 100 balloons, some of which passed through the island's airspace or busy, Taipei-controlled air corridors for civil aviation.

Oil set for weekly gain on signs of improving demand

Oil set for weekly gain on signs of improving demand By Shariq Khan NEW YORK, May 17 (Reuters) - Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and slowing inflation in top oil consumer the United States. Brent crude oil prices rose 21 cents, or 0.3%, to $83.48 a barrel by 0018 GMT.
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US arrests American and Ukrainian in North Korea-linked IT infiltration scheme

UPDATE 1-US arrests American and Ukrainian in North Korea-linked IT infiltration scheme Recasts throughout with arrests and indictment By David Brunnstrom WASHINGTON, May 16 (Reuters) - U.S. prosecutors on Thursday announced the arrests of an American woman and a Ukrainian man they say helped North Korea-linked IT workers posing as Americans to obtain remote-work jobs at hundreds of U.S.

Will 2024 bring a new military crisis in Taiwan Strait?

COLUMN-Will 2024 bring a new military crisis in Taiwan Strait? The opinions expressed here are those of the author, a columnist for Reuters By Peter Apps LONDON, May 17 (Reuters) - From the beaches of Kinmen island barely 10 km from the skyscrapers of the Chinese mainland port city of Xiamen, Taiwan military personnel – and a handful of U.S. special forces reported to be there – have watched Chinese patrol vessels encroach ever closer.

Wheat up on Russian crop woes, US production outlook curbs gains

GRAINS-Wheat up on Russian crop woes, US production outlook curbs gains SINGAPORE, May 17 (Reuters) - Chicago wheat rose on Friday, after climbing earlier this week to a near 10-month high, with worries over Russian output underpinning prices, although expectations of a bumper crop in the U.S. limited gains. Soybeans and corn prices ticked higher.
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Google seeks non-jury trial in US ad tech lawsuit, filing says

Google seeks non-jury trial in US ad tech lawsuit, filing says WASHINGTON, May 16 (Reuters) - Alphabet's GOOGL.O Google in a court filing on Thursday is seeking a non-jury trial in the U.S. Justice Department's lawsuit accusing the advertising and search giant of anticompetitive practices in the online advertising marketplace. The Justice Department, which filed the advertising lawsuit in January 2023, alleged the company has abused its dominance of the digital advertising business and argued th
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Australia's PharmAust jumps on FDA's 'orphan' tag for neuron disease drug

BUZZ-Australia's PharmAust jumps on FDA's 'orphan' tag for neuron disease drug ** Shares of PharmAust PAA.AX rise as much as 29.7% to A$0.240, their biggest intraday percentage gain since Feb 28 ** Stock hits its highest level since May 1 ** The clinical-stage biotech firm says it received orphan drug designation from the U.S. Food and Drug Adminis

Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer

Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer HOUSTON, May 16 (Reuters) - Hess HES.N shareholders should vote in favor of Chevron CVX.N Corp's $53 billion offer at the company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday. The proposed deal terms provides a reasonable valuation and offers the potential for upside to Hess shareholders.
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Soccer-Three Australian A-League players arrested for alleged illegal betting

Soccer-Three Australian A-League players arrested for alleged illegal betting SYDNEY, May 17 (Reuters) - Three Australian A-League male soccer players linked to a south-western Sydney club were arrested for alleged betting corruption for yellow card manipulation in exchange for money, police said on Friday. Investigations found a senior player was allegedly taking instructions from a man, believed to be offshore in South America, to organise for yellow cards to occur during two games played last

Tesla Has Increased Price Of Model 3 Performance In US By $1000 To $54990 - Website

BRIEF-Tesla Has Increased Price Of Model 3 Performance In US By $1000 To $54990 - Website May 16 (Reuters) - Tesla Inc TSLA.O : TESLA HAS INCREASED PRICE OF MODEL 3 PERFORMANCE IN US BY $1000 TO $54990 - WEBSITE Further company coverage: TSLA.O
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Australia's Vulcan Energy rises on funding interest for Germany project

BUZZ-Australia's Vulcan Energy rises on funding interest for Germany project ** Shares of Vulcan Energy Resources VUL.AX rise as much as 13.03% to A$5.380, their highest since May 3, 2023 ** Stock posts its biggest intraday percentage gain since April 11 ** The lithium explorer says it has received interest from strategic and financial investors, c

Crypto boom, erratic rain spark outages in Laos, Asia's clean power export hub

Crypto boom, erratic rain spark outages in Laos, Asia's clean power export hub By Sudarshan Varadhan BANGKOK, May 17 (Reuters) - Higher electricity demand in Laos due to cryptocurrency mining and erratic rainfall have led to power shortages, an advisor to its state-run utility said, revealing challenges to the nation's prospects as a hydropower exporter to Southeast Asia.



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