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Alibaba considering raising about $5 bln via convertible bonds, says Bloomberg News

UPDATE 1-Alibaba considering raising about $5 bln via convertible bonds, says Bloomberg News Adds share reaction in paragraph 2, request for comment in paragraph 3 May 23 (Reuters) - Alibaba Group Holding Ltd 9988.HK will possibly sell convertible bonds to raise about $5 billion as early as this week, Bloomberg reporte d on Thursday, citing sources familiar with the matter.
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Polish retail sales grow less than expected in April

CEE ECONOMY-Polish retail sales grow less than expected in April WARSAW, May 23 (Reuters) - Polish retail sales PLRSCO=ECI grew less than expected in April, statistics office data showed on Thursday, as consumers in the country bordering Ukraine remained cautious and reined in spending after Easter. Retail sales, at constant prices, grew by 4.1% year-on-year in April.

Britain's water regulator considers pre-election protocol for 2024 price review

Britain's water regulator considers pre-election protocol for 2024 price review May 23 (Reuters) - Britain's water regulator Ofwat is considering pre-election protocols and guidance for its price review 2024 schedule, a spokesperson said on Thursday. The regulator is expected to delay decisions on business plans submitted by companies , including struggling water utility Thames Water, past the June 12 deadline, a Sky News reporter posted on social media platform X.
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Mondelez fined $365.7 mln euros by EU for cross-border trade curbs

Mondelez fined $365.7 mln euros by EU for cross-border trade curbs BRUSSELS, May 23 (Reuters) - Oreo maker Mondelez International MDLZ.O was fined 337.5 million euros ($365.72 million) by EU antitrust regulators on Thursday for impeding cross-border trade of chocolate, biscuits and coffee products between EU countries. The European Commission said Mondelez had abused its dominant position in breach of EU antitrust laws.
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India's use of crude tankers to export diesel slows in May

India's use of crude tankers to export diesel slows in May By Trixie Yap SINGAPORE, May 23 (Reuters) - Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade sources and analysts said. That is because rising inventories in the Antwerp-Rotterdam-Amsterdam region and shaky east-west diesel price spreads undermine the case for sellers to ship large volumes of the industr

Mandela's vision of Black unity fades as South Africa closes door to migrants

SPECIAL REPORT-Mandela's vision of Black unity fades as South Africa closes door to migrants For more Reuters Special Reports, click on Reuters investigates By Tim Cocks JOHANNESBURG, May 23 (Reuters) - Munera Mokgoko was just three when apartheid fell. She can barely remember, much less fathom, the swell of hope that accompanied Black liberation three decades ago, shaped by Nelson Mandela's vision of social equality and pan-African solidarity.

Britain's FTSE 100 dips as general election call, soft economic data weighs

UPDATE 1-Britain's FTSE 100 dips as general election call, soft economic data weighs For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.3%, FTSE 250 flat Hargreaves Lansdown surges after rejecting $5.94 billion takeover deal National Grid to raise $8.9 billion via rights issue, shares slump Updated at 0820 GMT By Pranav Kashyap May 23 (Reuters) - London's FTSE 100 continued its slide for a third day on Thursday, as Britain b
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Kenyan climber dies on Everest, Sherpa missing

Kenyan climber dies on Everest, Sherpa missing By Gopal Sharma KATHMANDU, May 23 (Reuters) - A Kenyan climber has died on Mount Everest, officials said on Thursday, taking the season’s confirmed death toll on the world’s tallest mountain to three. Joshua Cheruiyot Kirui, 40, and his 44-year-old Sherpa guide, Nawang, had been missing above the Hillary Step since Wednesday morning.

Alibaba considering raising about $5 bln via convertible bonds, says Bloomberg News

UPDATE 1-Alibaba considering raising about $5 bln via convertible bonds, says Bloomberg News Adds share reaction in paragraph 2, request for comment in paragraph 3 May 23 (Reuters) - Alibaba Group Holding Ltd 9988.HK will possibly sell convertible bonds to raise about $5 billion as early as this week, Bloomberg reporte d on Thursday, citing sources familiar with the matter.
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Canal+ Group Appoints Amandine Ferré As Chief Financial Officer

BRIEF-Canal+ Group Appoints Amandine Ferré As Chief Financial Officer May 23 (Reuters) - Canal+ Group / Vivendi SE VIV.PA : AMANDINE FERRÉ APPOINTED CHIEF FINANCIAL OFFICER OF CANAL+ GROUP WILL TAKE UP HER NEW POST ON 16 SEPTEMBER 2024 AMANDINE FERRÉ JOINS THE CANAL+ GROUP EXECUTIVE COMMITTEE AS OF TODAY Source text: https://tinyurl.com/27ffbrft
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Israeli bank Mizrahi-Tefahot doubles dividend as first quarter profit dips

UPDATE 1-Israeli bank Mizrahi-Tefahot doubles dividend as first quarter profit dips Adds details, comments, share reaction By Steven Scheer JERUSALEM, May 23 (Reuters) - Mizrahi-Tefahot's MZTF.TA first-quarter profit fell 7%, the Israeli bank said on Thursday, but it doubled its dividend payout after cutting it at the outset of Israel's war with Palestinian Hamas militants in October.

German economy expected to stagnate this year, DIHK says

UPDATE 1-German economy expected to stagnate this year, DIHK says Adds details and comments from press conference 7,8, 11-15 BERLIN, May 23 (Reuters) - Germany's long-awaited economic recovery is not materialising and the euro zone's largest economy will only stagnate this year, the German chambers of commerce and industry (DIHK) said on Thursday.

European shares rise as chipmakers bounce on Nvidia forecast

UPDATE 1-European shares rise as chipmakers bounce on Nvidia forecast For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Tech supports STOXX 600, utilities drag EZ May business growth at year high, PMI shows Embracer slides as CFO to step down Updated at 0827 GMT By Sruthi Shankar May 23 (Reuters) - European stocks rose on Thursday after strong forecasts from AI darling Nvidia lifted global chipmakers, while surveys pointing to improving bu
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Shaanxi Energy To Invest In Coal-Fired Generating Units Project

BRIEF-Shaanxi Energy To Invest In Coal-Fired Generating Units Project May 23 (Reuters) - Shaanxi Energy Investment Co Ltd 001286.SZ : SAYS IT PLANS TO INVEST ABOUT 7.9 BILLION YUAN ($1.09 billion) IN COAL-FIRED GENERATING UNITS PROJECT Source text Further company coverage: 001286.SZ ($1 = 7.2444 Chinese yuan renminbi) Reporting by Beijing Newsroom

AI giant Nvidia climbs on upbeat Q2 revenue forecast; chipmakers rally

BUZZ-AI giant Nvidia climbs on upbeat Q2 revenue forecast; chipmakers rally ** Shares of AI chipmaker Nvidia NVDA.O soar 6.8% to $1,014.27 premarket, with stock set to open above $1,000 for the first time ** If gains hold, NVDA would add over $160 bln to its market value, taking it to $2.53 trillion ** Demand for co's chips drives Q2 revenue forecast of $28 bln plus or minus 2%, which is above analysts' average estimate of $26.66 bln - LSEG data ** Q1 adj.
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India, Egypt top destinations for Russian seaborne fuel oil, VGO exports in April, LSEG data shows

India, Egypt top destinations for Russian seaborne fuel oil, VGO exports in April, LSEG data shows MOSCOW, May 23 (Reuters) - India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed. In total, Russian fuel oil and VGO seaborne exports fell in April by 10% month-on-month to about 3.32 million tons, as refining capacity idled due to maintenance, technical outages and drone attacks, increased last month by 1

Spot prices up on lower wind supply, curve stronger

EUROPE POWER-Spot prices up on lower wind supply, curve stronger FRANKFURT, May 23 (Reuters) - European prompt power prices increased on Thursday on forecasts for falling wind supply which overrode the effects of weakening demand ahead of the weekend. LSEG analysts noted mainly bullish factors, also pointing out that solar generation in Germany will decline day-on-day.
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Stocks catch a ride higher with Nvidia; investors cautious over rates

GLOBAL MARKETS-Stocks catch a ride higher with Nvidia; investors cautious over rates Updates throughout; refreshes prices at 0827 GMT By Amanda Cooper LONDON, May 23 (Reuters) - Global shares edged up on Thursday after results from AI poster-child Nvidia NVDA.O ignited a rally across tech stocks, although the prospect that interest rates could stay higher for longer than many had expected tempered some investor optimism.
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Snowflake Inc rises on upbeat forecast, Q1 results

BUZZ-Snowflake Inc rises on upbeat forecast, Q1 results ** Shares in data cloud company Snowflake SNOW.N rise 4.5% to $170.75 premarket ** Co sees Q2 product revenue in $805 mln-$810 mln range, above Wall Street view of $785 mln - LSEG data ** Co expects FY25 product revenue at $3.30 bln, up from prior forecast of $3.25 bln ** Q1 revenue of $828.7

Singapore's middle distillates stocks hit two-week high, nears 11mln bbls

Singapore's middle distillates stocks hit two-week high, nears 11mln bbls By Trixie Yap SINGAPORE, May 23 (Reuters) - Singapore's middle distilates stockpiles surged back to a two-week high, nearing almost 11 million barrels, as a decline in jet fuel/kerosene net exports offset a rise in diesel/gasoil net exports, official data showed on Thursday.

Activist Investor Palliser Capital Calls For Rio Tinto To Abandon London Listing - FT

BRIEF-Activist Investor Palliser Capital Calls For Rio Tinto To Abandon London Listing - FT May 23 (Reuters) - ACTIVIST INVESTOR PALLISER CAPITAL CALLS FOR RIO TINTO TO ABANDON LONDON LISTING - FT Source text: [ https://tinyurl.com/3nwbrpnd ] Further company coverage: RIO.L
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