Town Hall News

BEIJING (Reuters) – China’s exports fell 7.5% in May year-on-year, while imports contracted 4.5%, customs data showed on Wednesday. A Reuters poll of economists had forecast exports to have shrunk 0.4% and imports to have fallen 8.0%. Having beaten expectations in the first quarter, analysts are now downgrading their projections for the economy for the rest of the year, as factory output continues to slow amid persistent weak global demand. […]

By Steve Gorman and Tyler Clifford (Reuters) -A man who fatally shot two Missouri jail guards in 2000 was executed on Tuesday after the governor and the U.S. Supreme Court declined to intervene, even though several jurors in the case petitioned for a reduced sentence. Michael Tisius, 42, was convicted in 2001 of murdering Randolph County sheriff’s deputies Jason Acton and Leon Egley, both unarmed, during a failed attempt to […]

By Brenda Goh and Joe Cash SHANGHAI/BEIJING (Reuters) – A veritable parade of overseas CEOs including Tesla’s Elon Musk and Goldman Sachs’ David Solomon have made their way to a reopened China in the last few months. One notable common strand: they’ve not talked much in public about their trips which have mostly consisted of meetings with government officials, local staff and business partners. Media events and other public engagements, […]

By Brenda Goh and Joe Cash SHANGHAI/BEIJING (Reuters) – A veritable parade of overseas CEOs including Tesla’s Elon Musk and Goldman Sachs’ David Solomon have made their way to a reopened China in the last few months. One notable common strand: they’ve not talked much in public about their trips which have mostly consisted of meetings with government officials, local staff and business partners. Media events and other public engagements, […]

By Akriti Sharma and Kanjyik Ghosh (Reuters) -Salesforce Inc CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its slowest quarterly revenue growth since 2010. Miguel Milano has been appointed as the chief revenue officer, the source said, adding that Ariel Kelman will take over as Salesforce’s chief marketing officer. After a […]

SYDNEY (Reuters) – Australia’s economy grew at the weakest pace in 1-1/2 years last quarter as high prices and rising interest rates sapped consumer spending, while emerging signs pointed to further softness ahead amid elevated borrowing costs and a slowdown in global growth. Data from the Australian Bureau of Statistics on Wednesday showed real gross domestic product (GDP) rose 0.2% in the first quarter, easing from 0.5% in the previous […]

By Dave Graham MEXICO CITY (Reuters) -Mexico’s foreign minister, one of the leading contenders to be the country’s next leader, said on Tuesday he will resign to focus on winning the presidential nomination of the ruling party for the 2024 election. Foreign Minister Marcelo Ebrard, a former mayor of Mexico City, wants to succeed President Andres Manuel Lopez Obrador as the standard-bearer of the leftist National Regeneration Movement (MORENA), which […]

By Ismail Shakil OTTAWA (Reuters) -Authorities in New York, Toronto and Ottawa on Tuesday warned residents about the health risks from air polluted by smoke from unprecedented early summer wildfires in eastern Canada. An unusually early and intense start to wildfire season has set Canada on track for its worst-ever year as warm and dry conditions are forecast to persist for months. There are blazes in nearly all of Canada’s […]

By Xie Yu HONG KONG (Reuters) – Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.7% in the morning. China’s benchmark equity index rose 0.3%, while Hong Kong’s Hang Seng added 1.2%. On Tuesday, China reportedly asked the biggest banks to cut deposit rates to boost the […]