Town Hall News

By David Shepardson and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) -Groups representing major retailers and manufacturers urged the White House on Monday to intervene in contentious West Coast port labor negotiations, citing worries about shipping disruptions during critical holiday shopping seasons. The call came after the largest terminal at Southern California’s Port of Long Beach closed for the day shift Monday as dock workers rally for better pay. Monday’s temporary closure […]

(Reuters) – Israel’s Beitar Jerusalem will be ineligible to participate in European competitions in the upcoming season after fans stormed the field following a championship win last month, the Israel Football Association said Monday. Israeli president Isaac Herzog was rushed out of a soccer stadium on May 23 in the northern city of Haifa after jubilant fans rushed the pitch when the Beitar team won the State Cup in a […]

By Lawrence White and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks and the dollar dipped on Monday as investors mulled whether the Federal Reserve will refrain from raising rates in June after data last week showed slowing U.S. wage growth, while oil prices steadied after Saudi Arabia vowed big output cuts. The benchmark S&P 500 Index lost 0.2%, the Nasdaq Composite Index was little changed and the Dow […]

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Reserve Bank of Australia delivers its latest interest rate decision on Tuesday, undoubtedly the centerpiece event for Asian and Pacific markets but potentially of interest to U.S. Fed watchers too. The RBA is expected to keep its benchmark cash rate on hold at 3.85% even though inflation is running well above target, […]

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistani Prime Minister Shehbaz Sharif is hopeful of finalising a deal with the International Monetary Fund (IMF) this month, he said in an interview with Turkish news agency Anadolu. The release of pending bailout funds under the 9th IMF review are crucial for Pakistan to resolve an acute balance of payments crisis. Reserves at the country’s central bank can just cover a month’s […]

(Reuters) – The S&P 500 ended lower on Monday as investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground. Apple Inc ended lower after the world’s most valuable company revamped its lineup of desktop and laptop Macs using its own processor chips ahead of its expected announcement of its first mixed-reality […]

HAMBURG, Germany (Reuters) – Two goals from the 20-year-old Enzo Millot were enough to secure VfB Stuttgart a new season in the Bundesliga, as they defeated Hamburg SV 3-1 in the second leg of the relegation playoff on Monday to complete a 6-1 aggregate victory. Hamburg faced a challenging task at Volksparkstadion as they attempted to overcome a 3-0 deficit from the first leg. The hosts raised hopes of a […]

By Clark Mindock (Reuters) – Norfolk Southern Corp has asked a U.S. judge to toss a proposed class action lawsuit it is facing over a February train derailment that led to a toxic chemical spill in East Palestine, Ohio, arguing the claims are “threadbare” and barred by federal law. The railroad company told a federal court in Youngstown, Ohio that the consolidated complaint filed last month on behalf of roughly […]

By Clark Mindock (Reuters) – Norfolk Southern Corp has asked a U.S. judge to toss a proposed class action lawsuit it is facing over a February train derailment that led to a toxic chemical spill in East Palestine, Ohio, arguing the claims are “threadbare” and barred by federal law. The railroad company told a federal court in Youngstown, Ohio that the consolidated complaint filed last month on behalf of roughly […]