More than 80 injured as Indian police clash with Adani port protesters

More than 80 injured as Indian police clash with Adani port protesters

KOCHI, India Nov 28 (Reuters) – More than 80 people were wounded in southern India as villagers halting the construction of a $900 million port clashed with police, the latest escalation of a months-old protest waged by a mostly Christian fishing community against Asia’s richest man. The protests are a major headache for Gautam Adani’s … Read more

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, vowing more resources to deal with a “disruptive” China while working with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined C$2.3 billion ($1.7 billion) spending, including to boost Canada’s military presence and cyber security in the … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses .1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns

Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns

Nov 11 (Reuters) – More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from China’s Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources. The level of seizures, which has … Read more

Philip Morris clinches Swedish Match after smoking out opposition

Philip Morris clinches Swedish Match after smoking out opposition

PMI needs 90% stake for compulsory buyout of minorities PMI believes that target can eventually be reached PMI says top 10 Swedish Match investors tendered shares Nov 7 (Reuters) – Marlboro maker Philip Morris International (PMI) (PM.N) overcame some opposition to clinch 83% of Swedish Match (SWMA.ST), short of the 90% it wanted but enough … Read more

Oil stable near $100 a barrel as dollar weakens

Oil stable near 0 a barrel as dollar weakens

LONDON, Nov 7 (Reuters) – Oil prices were stable on Monday, close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent COVID containment approach. Brent crude futures were down 1 cent, or 0.1%, to $98.56 a barrel at 1444 GMT. U.S. … Read more

Berkshire Hathaway posts quarterly loss as stock holdings fall

Berkshire Hathaway posts quarterly loss as stock holdings fall

Nov 5 (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting. The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 … Read more

Canada orders three Chinese firms to exit critical minerals deals

Canada orders three Chinese firms to exit critical minerals deals

OTTAWA, Nov 2 (Reuters) – Canada’s government ordered three Chinese firms on Wednesday to divest their investments in Canadian critical minerals companies on grounds of national security. The three firms ordered to divest their investments are Sinomine (Hong Kong) Rare Metals Resources Co Ltd, Chengze Lithium International Ltd, also based in Hong Kong, and Zangge … Read more

Glencore employees moved bribes cash by private jet, London court told

Glencore employees moved bribes cash by private jet, London court told

LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore (GLEN.L) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday. Glencore Energy UK Limited paid – or failed to prevent the payment of – … Read more

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Oil firm smashes Wall Street forecasts with $19.7 billion profit Exxon’s fossil-fuel bets eclipse rivals Shell, TotalEnergies Company projects flat oil output this year on Russia losses HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday smashed expectations as soaring energy prices fueled a record-breaking quarterly profit, nearly matching that of tech giant … Read more