BOSTON (Reuters) – BlackRock Inc (BLK.N) said on Thursday that all 16 of its director nominees were elected with favorable votes of about 94% at its annual meeting. The world’s largest asset manager also said that the pay of its executives was approved with about 94% support at the meeting, which was held online. Source: […]

WASHINGTON (Reuters) – When the U.S. Department of Justice charged a handful of JP Morgan Chase & Co (JPM.N) traders in 2018 and 2019 with alleged commodities futures manipulation, it wasn’t the first time the government had probed the bank’s metals trading activities. The Commodity Futures Trading Commission (CFTC) investigated the same business as part […]

BERLIN (Reuters) – Volkswagen (VOWG_p.DE) withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would investigate how it came about and draw consequences. The German car company, which has seen its reputation tarnished in the last five years after it […]

BOSTON/WASHINGTON (Reuters) – U.S. authorities on Wednesday arrested a former Special Forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country. Federal prosecutors in Massachusetts said former U.S. Green Beret Michael Taylor, 59, and his son, Peter Taylor, […]

LONDON/SINGAPORE (Reuters) – Global stocks rose to a 10-week high on Wednesday as investors regained hopes of recovery from a coronavirus-fuelled recession, while oil prices also strengthened. Italian bonds remained at their multi-week lows, continuing to gain from a Franco-German plan for a 500 billion-euro coronavirus recovery fund, ignoring a hawkish counter-proposal in the works. […]

(Reuters) – Wall Street was set to open sharply higher on Wednesday as investors clung to hopes of a recovery from a coronavirus-fuelled slump amid signs of more stimulus for ailing sectors, while retailer Lowe’s jumped on upbeat quarterly results. The home improvement chain rose 5.5% in premarket trading after posting higher first-quarter same-store sales […]

From June 2, more businesses can resume operations with about one-third of workers able to return to work on-site, as Singapore gradually eases restrictions imposed to stem the spread of Covid-19. Among the first to get the nod to reopen will be businesses that operate in settings with lower transmission risks and with limited or […]

SINGAPORE – Students have been saving more over the past year, thanks in part to a pilot financial literacy programme that has stressed the importance of putting cash aside. The dollar amount of student savings had increased by 80 per cent, noted the Institute of Technical Education (ITE) and DBS Bank, which are running the programme. […]

MEXICO CITY (Reuters) – General Motors Co signaled it has pushed back the tentative date for restarting operations at its auto assembly plant in the central Mexican city of Silao to May 21 from May 20, according to a message to workers seen by Reuters on Tuesday. GM did not immediately reply to a request […]

MELBOURNE (Reuters) – Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid a public health crisis that could damage their reputations. From Australia’s outback to Canada’s Arctic wilderness to the Andes, mining firms have changed rosters to stop outsiders […]