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Third Point claims 300 percent return on activism since 2011

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BOSTON (Reuters) – Pushing companies to perform better has earned Third Point a 300 percent return in the last eight years, the hedge fund told investors in a letter on Thursday, praising management at some of its targets for taking the right steps. FILE PHOTO: Daniel S. Loeb, founder of Third Point LLC, participates in Read More

Factbox: U.S., China drafting memorandums for possible trade deal

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(Reuters) – Top U.S. and Chinese trade officials are working this week to hash out language on six broad agreements that aim to resolve the most contentious issues in their seven-month trade war. <img src="https://s4.reutersmedia.net/resources/r/?m=02&d=20190221&t=2&i=1358738795&r=LYNXNPEF1K03S&w=450" aria-label="FILE PHOTO: Workers transport imported soybean products at a port in Nantong, Jiangsu province, China April 9, 2018. REUTERS/Stringer/File Photo Read More

Putin: No need for another Cuban missile crisis over US-Russia dispute

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If the US choses to deploy intermediate-range missiles in Europe, it would escalate the tension to a level similar to that of the 1962 Cuban missile crisis for no reason whatsoever, Russian President Vladimir Putin argued. The Russian president met journalists on Wednesday night to elaborate on his earlier address on the state of the Read More

CNL Announces Membership in Canadian Nuclear Isotope Council

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CHALK RIVER, Ontario, Feb. 20, 2019 (GLOBE NEWSWIRE) — Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, is pleased to announce that it has joined a growing list of Canadian organizations who are members of the Canadian Nuclear Isotope Council (CNIC). An independent body made up of representatives from the Canadian Health Read More

Spain proposes 47 billion euros public investment as part of 10-year climate change plan

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MADRID (Reuters) – Spain’s government proposed public investment, including the issuing of green bonds, of 47 billion euros ($53.3 billion) as part of its 10-year climate change draft plan presented on Wednesday. The draft, which also includes a plan to offset job loss in polluting industries and the goal of being carbon neutral by 2050, Read More

Navy makes next 2 Ford-class aircraft carriers 'more lethal'

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The Navy is making lethality enhancing “modifications” to its next several new Ford-class aircraft carriers, to include integrated “digital shipbuilding” and weapons-oriented adjustments intended to further increase overall aircraft carrier combat effectiveness. The initiatives, according to Navy statements, involve specific aircraft carrier modifications intended to, among other things, improve the maritime warfighting potential of the Read More

Putin speaks to both houses of parliament at annual Federal Assembly address

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LIVE UPDATES Published time: 20 Feb, 2019 09:05 Edited time: 20 Feb, 2019 10:28 Russian President Vladimir Putin is addressing the Federal Assembly in Moscow. He is speaking about domestic affairs and foreign policy to MPs, members of the government, as well as other officials and public figures. 20 February 2019 10:30 GMT The American Read More

Republican backlash against Trump EPA pick fueled by 'biofuel reset'

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WASHINGTON/NEW YORK (Reuters) – EPA acting administrator Andrew Wheeler rejected a proposal from his staff that would have reduced the ambition of the nation’s biofuel policy over the next three years, arguing the targeted range it included for annual ethanol consumption was too low, according to two sources familiar with the matter. FILE PHOTO: Acting Read More

HSBC warns on China, UK slowdowns as 2018 profit disappoints

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HONG KONG/LONDON (Reuters) – HSBC warned it may have to delay some investments this year as Europe’s biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain. Its shares fell 3 percent and analysts cut their forecasts as HSBC reported a drop in fourth-quarter revenue amid Read More