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Powerful 7.3 quake hits off Papua New Guinea

A powerful 7.3-magnitude earthquake struck off Papua New Guinea on Friday, US officials said, but no Pacific-wide tsunami warning was sounded. The US Geological Survey said the quake hit at an estimated depth of 54 kilometres (34 miles) at around the same distance west of the town of Panguna on the remote and volcanic Bougainville island. Geoscience Australia estimated the quake at 7.4 magnitude and said the tremor, which hit close to the neighbouring Solomon Islands, was believed to be in the "shallow" range.

EU proposes bigger shareholder say over executive pay

By Huw Jones LONDON (Reuters) - Listed companies across the European Union must get shareholder approval on pay policy for top executives under a draft European Union law aimed at making firms more answerable to their owners. EU financial services chief Michel Barnier has proposed toughening up the 28-country bloc's law on shareholder rights to end "short-termism", though stopping short of capping pay in the way he has separately done for banker bonuses.

Daimler chairman says is working on issue of succession

FRANKFURT (Reuters) - Daimler <DAIGn.DE> supervisory board Chairman Manfred Bischoff said the company was working on the issue of succession at the maker of luxury cars and trucks, but added that the issue was not a matter of urgency. "The supervisory board is preoccupying itself intensively with the issue of succession," Bischoff told shareholders gathered at the annual general meeting on Wednesday.

UK permanent staff salaries rising at fastest rate since 2007: REC

LONDON (Reuters) - British employers are raising the salaries they offer to new permanent staff at the fastest rate in nearly seven years as they struggle to fill vacancies, a survey showed on Tuesday. The figures from the Recruitment and Employment Confederation suggest Britain's strong economic recovery last year is finally translating into higher pay. However, they also raise questions about whether domestic inflation might soon start to rise above the Bank of England's 2 percent target.

Honeywell names two vice chairmen, CFO in management shuffle

(Reuters) - Honeywell International Inc <HON.N> promoted two executives to the position of vice chairman and named a new chief financial officer as part of a series of senior leadership changes announced by the U.S. diversified manufacturer on Monday. Executives Roger Fradin and Andreas Kramvis were both elevated to the position of vice chairman, reporting to Chief Executive Officer Dave Cote.

Companies rein in flashy perks, find other rewards for CEOs

By Ross Kerber BOSTON (Reuters) - For some executives, corporate perks are getting just a little less exciting. A number of major U.S. companies are cutting back on glamorous luxuries like personal jet use, country-club memberships, and luxury rentals, recent corporate filings show. Often the shifts follow pressure from shareholders, who in recent years have criticized soaring executive pay and over-the-top perks.

Chile hit by powerful quake aftershock, no major damage

By Anthony Esposito and Rosalba O'Brien SANTIAGO (Reuters) - A powerful 7.6-magnitude earthquake struck off northern Chile late on Wednesday but there were no reports of damage and a precautionary tsunami alert along the coast and in neighboring Peru was called off. It was the strongest of several aftershocks that followed a huge 8.2-magnitude quake blamed for six deaths in the same region on Tuesday.

New earthquake in Chile prompts tsunami alerts

By Anthony Esposito and Rosalba O'Brien SANTIAGO (Reuters) - A powerful 7.6-magnitude earthquake struck off northern Chile late on Wednesday, prompting tsunami alerts and evacuations along the coast and in neighboring Peru. It was the strongest of several aftershocks that followed a huge 8.2-magnitude quake blamed for six deaths in the region on Tuesday.

Peru issues tsunami alert along southern coast after 7.8 quake strikes Chile

LIMA (Reuters) - Peru issued a tsunami alert along its southern coast after a 7.8-magnitude earthquake struck northern Chile, the Peruvian Navy said via Twitter on Wednesday. The U.S. Geological Survey upgraded the earthquake - the strongest of several aftershocks since a massive quake rocked the region on Tuesday - to 7.8 after initially reporting it had a magnitude of 7.4. There were no initial reports of damages in Peru. (Reporting by Mitra Taj; Editing by Lisa Shumaker)

Powerful 7.8 earthquake rocks northern Chile

A powerful earthquake measuring 7.8 rocked northern Chile late Wednesday, the day after a deadly 8.2 jolt in the same region, authorities said. A tsunami warning was issued and thousands of people were ordered to evacuate inland from coastal areas, according to authorities who had first measured the quake at 7.4. The new temblor struck at 2343 local (0143 GMT), 20 km (14 miles) south of the city of Iquique, the navy's alert service said. "Based on its strength a tsunami warning has been issued," the nationaloceanographic agency, known as CHOA, added.
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