High-stakes vote on Wells Fargo board also tests proxy adviser ISS
BOSTON (Reuters) – A high-stakes shareholder vote at Wells Fargo & Co next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help oust most of its board.
Uber extends sexual harassment probe; expects report by end-May
(Reuters) – Uber Technologies Inc said it has extended its internal investigation into sexual harassment claims in its own organization, and a report is expected by the end of May.
Elon Musk on mission to link human brains with computers in four years: report
(Reuters) – Tesla Inc founder and Chief Executive Elon Musk said his latest company Neuralink Corp is working to link the human brain with a machine interface by creating micron-sized devices.
U.S. and Indonesia seek to cut trade and investment barriers
JAKARTA (Reuters) – Indonesia and the United States agreed on Friday to find ways to reduce barriers to U.S. companies operating in Southeast Asia’s largest economy, visiting U.S. Vice President Mike Pence and Jakarta’s investment chief said.
Australian court dismisses Chevron appeal in landmark tax case
MELBOURNE (Reuters) – Chevron Corp lost an appeal on Friday against the Australian tax office in a landmark case in which the U.S. energy giant contested a tax bill of A$340 million ($260 million), including penalties and interest.
Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks
WASHINGTON (Reuters) – President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percen…
Oil dives, sending U.S. crude below $50 for first time in two weeks
NEW YORK (Reuters) – Oil prices tumbled more than 2 percent on Friday, notching the biggest weekly decline in more than a month on mounting evidence that U.S. production and inventory growth were offsetting OPEC’s attempts to reduce the global crude gl…
What election? French yields fall, euro steadies as vote looms
LONDON (Reuters) – Global markets appeared largely calm on Friday, the last day of trading before the first round of France’s closely fought presidential election, with French bond yields hitting a three-month low and the euro treading water.
Global finance leaders find a more temperate Trump in Washington
WASHINGTON (Reuters) – Donald Trump took power in January pledging to overhaul a global order that he said cheated middle-class Americans with a promise to tear up trade agreements and impose tariffs on China and Mexico.
Japan Inc braces for labor reform, plans to boost productivity: Reuters poll
TOKYO (Reuters) – Japan’s plans to implement more employee-friendly laws are set to prove painful for many companies, with half saying labor costs will rise and two-thirds considering ways to lift productivity to offset the impact of the reforms, a Reu…
