PRESS DIGEST- New York Times business news

Reuters
Chinese tariffs could leave cognac makers with too much brandy
High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount. China opened an anti-dumping investigation into brandy imported from the European Union in January, sparking fears cognac could suffer a similar blow to that taken by Australian wine when China introduced tariffs of up to 218.4%. Australian wine exports to China, worth $1.1 billion in 2019, were almost completely wiped out by high tariffs.
Reuters
Exclusive-Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say
Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to $1 billion. Shell declined to comment on the talks but said Malaysia is an important country to the company. Saudi Aramco also declined to comment.
INSIDER
I use my psychic powers to help corporations make money. My best ideas have earned me more than $500,000.
Kate Tomas is a corporate psychic. She says CEOs have paid her hundreds of thousands to help them make decisions — and more money.
GOBankingRates
8 Ways Middle-Class People Become Poor in Retirement
After working for most of your adult life, the last thing you want to do is stress about your finances and paying hefty bills in your golden years. You want to enjoy your retirement after committing...
Yahoo Finance
The ending of Google's monopoly trial has Silicon Valley on edge
Google has a lot at stake as a federal judge weighs whether the tech giant’s search empire should be broken up. But so does the rest of Silicon Valley.
Reuters
Petrobras loads diesel from Reliance on crude tanker in India after delay
Brazilian energy major Petrobras has loaded diesel from India on board a Suezmax crude oil tanker after a month-long delay, according to shiptracking data and trade sources, the first such shipment from India in more than a year amid volatile freight rates for clean product tankers. The conversion of a crude oil tanker to carry clean products enabled Petrobras to ship bigger volumes of diesel from Asia at lower costs, with Asian sellers also seeking demand outlets outside this region, the sources said. The larger shipments will likely ease downward pressure on an oversupplied Asian diesel market and create a price floor for the current market, the sources said.
Reuters
Ping An votes against reappointment of HSBC CEO as director, source says
(Reuters) -China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move. Quinn, who has announced he will step down as chief executive once a successor is appointed, last year defeated Ping An's long campaign to get HSBC to spin off its Asia business. Europe's biggest bank had faced proposals submitted by Hong Kong-based individual investor Ken Lui and backed by its biggest Asian shareholder Ping An to consider a radical restructuring and to boost its dividends.
The Telegraph
Luxury tycoon Bernard Arnault unleashes legal blitz on Visa and Mastercard
Bernard Arnault’s sprawling business empire has launched a raft of legal claims against Visa and Mastercard amid an ongoing row over credit card fees.
GOBankingRates
25 Ways To Make an Extra $500 a Month
With inflation pushing up the cost of daily life just about everywhere you go, people from all over the country are looking for ways to lower their spending -- but even that isn't enough in most...
SmartAsset
Can I Retire at 67 With $500k in an IRA and $2,000 Per Month From Social Security?
Half a million dollars might sound like a lot of money, but if you’re approaching retirement, is it enough? If you have $500,000 in a pre-tax IRA and expect $2,000 per month from Social Security, you may have enough money to retire at age 67. A half million dollars is a relatively modest nest egg, […] The post I Have $500k in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67? appeared first on SmartReads by SmartAsset.
Reuters SG
UPDATE 3-Singtel-owned Optus taps Rue as CEO to restore strategy and trust
Singapore Telecommunications-owned Optus said on Monday it had appointed Stephen Rue to lead the Australian phone carrier replacing former boss Kelly Bayer Rosmarin, who resigned in November post a nation-wide network outage last year. Rue has been running Australia's National Broadband Network (NBN) since 2018 and will now takeover as Optus CEO, as the firm seeks to reset its strategy and rebuild customer trust.
The Telegraph
Take home pay calculator: Your salary after tax, pensions and other deductibles
When your take-home pay lands in your bank account each month, it can look underwhelming compared to the salary written into your contract.
GOBankingRates
Here’s the Cost To Retire Comfortably in Every State by Age
What stands between most people and retirement is having enough money to afford it. While many people love the idea of early retirement, say in your 40s or 50s, that goal is not very likely in most...
The Independent
Australia’s Qantas agrees to £63m payout over ‘ghost flights’
Airline advertised and sold over 8,000 flight tickets it had already cancelled in its internal system
GOBankingRates
Jaspreet Singh Says To ‘Stop Acting Like a Broke Employee’ — Here’s How
Get a job, work and get paid: This traditional model of making money is followed by most people, but is it the best way to build wealth? Learn More: Robert Kiyosaki: 7 Ways To Become Wealthy Beyond...
Reuters
Indian tariff suspension boosts Australian chickpeas
CANBERRA (Reuters) -Australian desi chickpea prices rose sharply after India suspended tariffs on imports, opening the door to a revival of a trade once worth hundreds of millions of dollars. Higher prices and increased demand from India will encourage farmers to plant more chickpeas in the coming months, said industry body Grains Australia. Australia, the largest exporter of chickpeas, is in pole position to benefit.
GOBankingRates
8 Foolish Things People Do With Their Retirement Accounts After Retiring
Reaching retirement is a major milestone, one you should be proud of. But just because you've reached the end of your working years doesn't mean you should start spending your hard-earned retirement...
GOBankingRates
I’m a Retirement Planner: Here’s How To Calculate Your FIRE Number
If you want to retire early, you might want to consider the FIRE -- financial independence and early retirement -- approach. This movement has been gaining steam in recent years, as the views around...
Simply Wall St.
Top Three UK Dividend Stocks To Watch In May 2024
As the FTSE 100 mirrors a positive trend in global markets and with recent political and regulatory developments capturing attention, investors are closely monitoring the evolving landscape of London's financial scene. In such a dynamic environment, identifying dividend stocks that offer potential stability and consistent returns becomes increasingly pertinent.
Oilprice.com
The Eagle Ford Is Turning Into A Natural Gas Haven
Producers and midstream companies are increasingly bullish on the Eagle Ford’s natural gas prospects.

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PRESS DIGEST- New York Times business news - April 26

Latest stories

Chinese tariffs could leave cognac makers with too much brandy

Exclusive-Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say

I use my psychic powers to help corporations make money. My best ideas have earned me more than $500,000.

8 Ways Middle-Class People Become Poor in Retirement

The ending of Google's monopoly trial has Silicon Valley on edge

Petrobras loads diesel from Reliance on crude tanker in India after delay

Ping An votes against reappointment of HSBC CEO as director, source says

Luxury tycoon Bernard Arnault unleashes legal blitz on Visa and Mastercard

25 Ways To Make an Extra $500 a Month

Can I Retire at 67 With $500k in an IRA and $2,000 Per Month From Social Security?

UPDATE 3-Singtel-owned Optus taps Rue as CEO to restore strategy and trust

Take home pay calculator: Your salary after tax, pensions and other deductibles

Here’s the Cost To Retire Comfortably in Every State by Age

Australia’s Qantas agrees to £63m payout over ‘ghost flights’

Jaspreet Singh Says To ‘Stop Acting Like a Broke Employee’ — Here’s How

Indian tariff suspension boosts Australian chickpeas

8 Foolish Things People Do With Their Retirement Accounts After Retiring

I’m a Retirement Planner: Here’s How To Calculate Your FIRE Number

Top Three UK Dividend Stocks To Watch In May 2024

The Eagle Ford Is Turning Into A Natural Gas Haven