Elliott increases BP stake to just over 5%

Elliott increases BP stake to just over 5%

LONDON (Reuters) – Activist hedge fund Elliott holds 5.006% of voting rights in BP, according to a regulatory notice published on Tuesday, crossing the threshold that requires reporting of big shareholdings in British companies.This makes Elliott BP’s...
DHL to suspend global shipments of over $800 to US consumers

DHL to suspend global shipments of over $800 to US consumers

BEIJING (Reuters) -DHL Express, a division of Germany’s Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as U.S. customs regulatory changes have lengthened clearance.The...
TSMC Q1 profit surges 60%, beats forecasts

TSMC Q1 profit surges 60%, beats forecasts

TAIPEI (Reuters) – TSMC, the world’s largest contract chipmaker, posted a 60% jump in first-quarter net profit on Thursday, beating market forecasts as it benefited from surging demand for semiconductors used in artificial intelligence applications.Taiwan...