UPDATE 1-Exxon says proxy advisor Glass Lewis should recuse itself from making recommendations

Reuters
Malaysia targets over $100 billion in semiconductor industry investment
KUALA LUMPUR (Reuters) -Malaysia is targeting at least 500 billion ringgit ($107 billion) in investment for its semiconductor industry, Prime Minister Anwar Ibrahim said on Tuesday, as the Southeast Asian country looks to position itself as a global manufacturing hub. Malaysia is a major player in the semiconductor industry, accounting for 13% of global testing and packaging. It has attracted multibillion-dollar investments from leading firms in recent years, including Intel and Infineon.
Reuters
KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say
A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. The potential investment in ST Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across Asia Pacific as nations and companies respond to the boom in artificial intelligence.
Reuters
Chinese industry to seek probe into EU pork imports, Global Times reports
BEIJING (Reuters) -Chinese companies plan to request that authorities open an anti-dumping investigation into imports of some pork products from the European Union, the state-backed Global Times newspaper reported on Saturday, citing an unidentified "business insider". China imported a total of 1.55 million metric tons of pork in 2023 with the EU accounting for more than half of the total, customs data showed. The report comes as trade tensions between the EU and China intensify, with the EU conducting investigations into various imports from China to protect home-grown manufacturers.
SmartAsset
12 Low-Stress Jobs You Can Do in Retirement
Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog.
Reuters
China gears up to make a deal with Europe as EV tariffs loom
The European Commission's expected move to hike tariffs on Chinese electric vehicles is set to kick off a round of talks that Chinese executives hope will soften the blow for the world's biggest EV industry. But both Europe and China have reasons for wanting to strike a deal. China’s EV industry needs profitable exports to the world's third-largest economy to counter falling margins at home, while German automakers want access to China's auto market and EV partnerships to drive costs down.
Insider Monkey
Country with the Lowest Average Salary in the World
We recently compiled a list of 25 Countries with the Lowest Average Salaries in the World. To check that out, click here. According to the ILO’s World Employment and Social Outlook: Trends 2024 report, in 2023, the global unemployment rate improved slightly to 5.1% from 5.3% in 2022. However, projections for 2024 indicate an increase […]
Reuters
Post-COVID, China is back in Africa and doubling down on minerals
China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade data. Chinese leaders have been citing the billions of dollars committed to new construction projects and record two-way trade as evidence of their commitment to assist with the continent's modernisation and foster "win-win" cooperation. But the data reveals a more complex relationship, one that is still largely extractive and has so far failed to live up to some of Beijing's rhetoric about the Belt and Road Initiative, President Xi Jinping's strategy to build an infrastructure network connecting China to the world.
GOBankingRates
I’m a Retirement Expert: 5 Things I Plan To Do in the 5 Years Leading Up to Retirement
Having a solid plan can keep you on track for your retirement goals, but just because you have one now doesn't mean you never need to update it. In fact, if you want to ensure you can retire on your...
AFP News
Oil rises, stock markets mixed before key inflation data
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. "Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell off as the focus shifts to a plethora of economic data that is released this week," said XTB research director Kathleen Brooks.
Reuters
Analysis-US tariffs on Chinese medical imports face industry doubt as alternative suppliers emerge
Higher U.S. tariffs on medical gloves, syringes and face masks from China are unlikely to make U.S. producers more competitive, as other low-cost suppliers are expected to rush in to fill the gap, industry executives said. Earlier this month, Washington announced steep tariff hikes on an array of Chinese imports including medical goods as part of a broader strategy to fuel domestic production and safeguard against supply shortages seen during the COVID-19 pandemic. But industry executives argue tariffs are unlikely to boost the competitiveness of local producers, as Chinese firms could reroute shipments via overseas supply chains, and suppliers from other countries such as Malaysia could seize this opportunity.
Reuters
Brazil surpasses Belgium as top export market for Chinese EVs, hybrids, data shows
Brazil has overtaken Belgium as the largest export market for Chinese new energy vehicles, industry data showed, as Chinese carmakers increase sales to non-European markets amid European Union's anti-subsidy probe into Chinese electric vehicles. Exports of pure electric and plug-in hybrid cars to Brazil soared 13-fold year-on-year to 40,163 units in April, making it the biggest export market for a second straight month, according to data from the China Passenger Car Association (CPCA).
Yahoo News Canada
Canada grocery inflation: Amid rising prices, grocery store workers face increasing abuse from customers
Amid inflation and pandemic-era restrictions, customers at grocery stores are growing increasingly irate — and taking it out on helpless, minimum-wage workers who have little recourse for protection.
Simply Wall St.
Exploring Three SGX Dividend Stocks For Stable Income Opportunities
Amidst a landscape where trend-following strategies are demonstrating resilience across various market conditions, investors in Singapore's SGX might consider the stability offered by dividend stocks. These stocks can serve as a strategic component in portfolios, aiming to provide steady income streams even during volatile phases. A good dividend stock typically features robust fundamentals and a consistent payout history, qualities that are particularly appealing in the current environment...
Moneywise
I'm 58 years old with nothing saved for retirement — 5 crucial moves to help you salvage your golden years
Feeling off course? You can still get back on track.
Reuters
Apple's iPhone sales in China jump 52% in April, data shows
Apple's smartphone shipments in China rose 52% in April from a year ago, extending a rebound seen in March, according to data from a research firm affiliated the Chinese government. The jump follows a weak performance by the U.S. tech giant in the world's biggest smartphone market earlier this year amid intensifying competition in the high-end smartphone category from local rivals like Huawei. Shipments of foreign-branded phones in China increased by 52% in April to 3.495 million units from 2.301 million a year earlier, data from the China Academy of Information and Communications Technology (CAICT) showed on Tuesday.
WWD
Denise Incandela Takes Top Fashion Post at Wal-Mart U.S. E-commerce
The retail veteran has experience at upscale digital sites.
GOBankingRates
I’m a Professional Retirement Coach: 3 Biggest Mistakes Retirees Make
Laura told GOBankingRates what mistakes retirees should avoid making so that they don’t end up feeling “out of sorts” in retirement.
The Edge Singapore
The Hour Glass reports lower net profit of $157.6 mil for FY2024, after change in New Zealand's tax regulation
Michael Tay, group managing director said that the FY2024 results reflect a cooling-off period in the high-end watch industry.
Reuters
Explainer-Why does OPEC+ often clash over oil production capacity?
OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation's output target is calculated from its notional capacity. Members of OPEC+ - comprising OPEC and allies such as Russia - tend to push for higher capacity to get higher output targets after the percentage cut required by the group is factored in. OPEC+ has been curbing output to support prices.
Reuters
Exclusive-India's Reliance to buy Russian oil in roubles, sources say
India's Reliance Industries, operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters. The shift to rouble payments follows Russian President Vladimir Putin's push for Moscow and its trading partners to find alternatives to the Western financial system to facilitate trade despite U.S. and European sanctions. A term deal with Rosneft also helps privately run Reliance to secure oil at discounted rates at a time when the OPEC+ group of oil producers is expected to extend voluntary supply cuts beyond June.

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UPDATE 1-Exxon says proxy advisor Glass Lewis should recuse itself from making recommendations

Latest stories

Malaysia targets over $100 billion in semiconductor industry investment

KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say

Chinese industry to seek probe into EU pork imports, Global Times reports

12 Low-Stress Jobs You Can Do in Retirement

China gears up to make a deal with Europe as EV tariffs loom

Country with the Lowest Average Salary in the World

Post-COVID, China is back in Africa and doubling down on minerals

I’m a Retirement Expert: 5 Things I Plan To Do in the 5 Years Leading Up to Retirement

Oil rises, stock markets mixed before key inflation data

Analysis-US tariffs on Chinese medical imports face industry doubt as alternative suppliers emerge

Brazil surpasses Belgium as top export market for Chinese EVs, hybrids, data shows

Canada grocery inflation: Amid rising prices, grocery store workers face increasing abuse from customers

Exploring Three SGX Dividend Stocks For Stable Income Opportunities

I'm 58 years old with nothing saved for retirement — 5 crucial moves to help you salvage your golden years

Apple's iPhone sales in China jump 52% in April, data shows

Denise Incandela Takes Top Fashion Post at Wal-Mart U.S. E-commerce

I’m a Professional Retirement Coach: 3 Biggest Mistakes Retirees Make

The Hour Glass reports lower net profit of $157.6 mil for FY2024, after change in New Zealand's tax regulation

Explainer-Why does OPEC+ often clash over oil production capacity?

Exclusive-India's Reliance to buy Russian oil in roubles, sources say