Town Hall News

(Reuters) – European shares opened flat on Monday as markets failed to catch the tailwind from a bounce seen last week, while London stocks led regional gains following upbeat performances by energy firms on the back of higher oil prices. The pan-European STOXX 600 index held its ground at 462.46 points, while London’s FTSE 100 index led gains with a 0.5% climb. The European oil & gas sector index rose […]

(Reuters) – California’s attorney general is investigating whether the government of the state of Florida played any role in sending more than a dozen migrants to the California capital of Sacramento without advance notice. Representatives of Florida Governor Ron DeSantis did not immediately respond on Sunday to a request for comment. DeSantis last year arranged to transport dozens of migrants to the Massachusetts vacation island of Martha’s Vineyard as part […]

By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment. In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan’s ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card in half. The small bulb it was powering continued to shine. Macron was amazed by […]

By Mrinmay Dey and Scott Murdoch (Reuters) -UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia as part of a plan to shore up talent in markets where its rival has a stronger presence, a source with direct knowledge of the matter said. Switzerland’s biggest bank is in advanced discussions to keep dozens of Credit Suisse’s senior dealmakers in countries including […]

By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment. In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan’s ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card in half. The small bulb it was powering continued to shine. Macron was amazed by […]

LONDON (Reuters) – There are some signs of de-dollarisation emerging right now, but the dollar should retain its “large footprint” for the foreseeable future, JPMorgan currency strategists said in a note on Monday. “Putting together various measures, overall USD usage remains within its historical range with the dollar at top of the pack, but usage is bifurcated under the hood,” strategists Meera Chandan and Octavia Popescu at the Wall Street […]

By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default with just two days to spare. The House of Representatives and the Senate passed the legislation this week after Biden and House of Representatives Speaker Kevin McCarthy reached an agreement following tense negotiations. The Treasury Department had warned it would […]

By Jatindra Dash KHARAGPUR, India (Reuters) – India’s official investigation into its deadliest rail crash in over two decades began on Monday, after preliminary findings pointed to signal failure as the likely cause for a collision that killed at least 275 people and injured 1,200. The disaster struck on Friday, when a passenger train hit a stationary freight train, jumped the tracks and hit another passenger train passing in the […]

(Reuters) – Manchester City’s Rodri says he is playing his best soccer as his team bids to claim a historic treble when the Premier League champions face Inter Milan in Saturday’s Champions League final. The 26-year-old Spanish midfielder and his team mates can achieve sporting immortality against Inter in Istanbul, where City can be crowned European champions for the first time and match arch-rivals Manchester United’s 1998-99 still treble. Rodri […]