Town Hall News

By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Open AI Chief Executive Sam Altman is set to meet with South Korean President Yoon Suk Yeol, as the country seeks to encourage domestic competitiveness in artificial intelligence. After crisscrossing Europe last month meeting lawmakers and national leaders to discuss the prospects and threats of AI, Altman has travelled to Israel, Jordan, Qatar, United Arab Emirates, India and South Korea – […]

By Faith Hung and Ben Blanchard TAIPEI (Reuters) -Taiwan electric vehicle battery maker ProLogium is working with the French government to secure subsidies for a 5.2 billion euro ($5.7 billion) battery factory it is going to build in the north of France, Prologium’s CEO said on Friday. Vincent Yang told reporters in Taipei the parties were in the final phase of talks and that he expected a joint announcement by […]

By Selena Li and Engen Tham HONG KONG/SHANGHAI (Reuters) -Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank’s takeover by rival UBS, said two people with direct knowledge of the matter. Citigroup had at one point shown interest in acquiring Credit Suisse Securities China (CSS), they added. Citi, whose CEO Jane Fraser was in China this week, is […]

By Faith Hung and Ben Blanchard TAIPEI (Reuters) -Taiwan electric vehicle battery maker ProLogium is working with the French government to secure subsidies for a 5.2 billion euro ($5.7 billion) battery factory it is going to build in the north of France, Prologium’s CEO said on Friday. Vincent Yang told reporters in Taipei the parties were in the final phase of talks and that he expected a joint announcement by […]

ISLAMABAD (Reuters) – Pakistan’s government will present its annual budget to parliament on Friday needing to satisfy the IMF to have any chance of securing the release or more bailout money, with the crisis-riven country due to hold elections by November. The risk of default on sovereign debt is rising, with the economy creaking under twin deficits and record high inflation, which has further dented the popularity of Prime Minister […]

A look at the day ahead in European and global markets from Kevin Buckland Another day, another market-positive appointment from Turkish President Tayyip Erdogan, and yet, another record low for the lira. Erdogan is making all the right noises to signal a return to more orthodox policy, picking U.S. banking executive Hafize Gaye Erkan as head of the central bank. He had also named well-respected former finance minister Mehmet Simsek […]

(Reuters) -Crypto exchange Binance.US said on Thursday it’s suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as early as June 13, just days after U.S. regulators sued Binance and its CEO Changpeng Zhao. The U.S. arm of the world’s largest crypto exchange said in a tweet at 10:33 p.m. EDT (0233 GMT) on Thursday that the move comes as it is […]

By Selena Li and Engen Tham HONG KONG/SHANGHAI (Reuters) – Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank’s takeover by rival UBS, said two people with direct knowledge of the matter. Citigroup had at one point shown interest in acquiring Credit Suisse Securities China (CSS), they added. Citi, whose CEO Jane Fraser was in China this week, […]

TAIPEI (Reuters) – Taiwanese electric vehicle battery maker ProLogium is working with the French government to determine the total amount of subsidies for its project in the north of France, Prologium’s CEO said on Friday. Vincent Yang told reporters in Taipei that the parties were in the final phase of talks and that he expected a joint announcement by the end of this year. He also said there would be […]