Town Hall News

By Devjyot Ghoshal BANGKOK (Reuters) – Major Chinese automaker Geely is in the early stages of planning an entry to Thailand’s electric vehicle (EV) market, including weighing models for import and local manufacturing, according to two people with knowledge of the discussions. The considerations include whether to market an entry-level electric car in Thailand as well as an electric pickup truck from its new Radar brand, the people told Reuters, […]

By Jonathan Landay WASHINGTON (Reuters) – The Qatari prime minister held secret talks with the supreme leader of the Taliban this month on resolving tension with the international community, a source briefed on the meeting said, signaling a new willingness by Afghanistan’s rulers to discuss ways to end their isolation. The May 12 meeting in the southern Afghan city of Kandahar between Qatari Prime Minister Mohammed bin Abdulrahman al-Thani and […]

(Reuters) – Five people were killed and 19 wounded in Ukrainian shelling of a village in the Russian-controlled east Ukrainian region of Luhansk, a Moscow-installed coordination centre said on Wednesday. The centre said on the Telegram messaging service that Ukrainian forces had used HIMARS rocket launchers to attack a poultry farm in the village of Karpaty. Reuters was not able to independently verify the report. Moscow controls nearly all of […]

DUBAI (Reuters) – Operations to salvage 1.1 million barrels of oil from a decaying tanker moored off Yemen’s coast will soon begin after a technical support ship arrived on site on Tuesday, the United Nations said. U.N. officials have been warning for years that the Red Sea and Yemen’s coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster […]

BENGALURU (Reuters) – Dixon Technologies (India) Ltd is partnering with Xiaomi Corp’s Indian arm to make and export mobile phones from the country, the contract manufacturer said on Wednesday. The news, which boosted Dixon’s shares by 4%, comes after Xiaomi India revealed plans to start making wireless audio products in the country by partnering with electronics manufacturer Optiemus. (Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Savio D’Souza) Brought […]

By Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a locally incorporated bank in China to avoid a potential regulatory conflict arising from its merger with UBS, said two sources with direct knowledge of the matter. Credit Suisse had been planning over several years to set up a wholly owned local bank in China that would boost its presence in […]

By Valentina Za and Sara Rossi MILAN (Reuters) -Italy will launch a new bond aimed at retail investors next week, targeting cash held in low-yielding bank accounts as it finds ways to compensate for dwindling European Central Bank debt purchases. Market sources say the sale of new BTP Valore (“BTP Value”) bonds with a four-year term could raise more than 5 billion euros ($5.5 billion). But more competition from the […]

By Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) – Credit Suisse has scrapped plans to set up a locally incorporated bank in China to avoid a potential regulatory conflict arising as a result of its merger with UBS, said two sources with direct knowledge of the matter. Credit Suisse had been planning over the last few years to set up a wholly owned local bank in China […]

(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester sees no “compelling” reason to wait to implement another interest rate hike, Financial Times reported on Wednesday. “I don’t really see a compelling reason to pause,” Mester told FT in an interview. “I would see more of a compelling case for bringing the rates up and then holding for a while until you get less uncertain about where the economy is […]