Town Hall News

By Katya Golubkova and Sudarshan Varadhan TOKYO (Reuters) -Oil prices were little changed on Wednesday as traders remained cautious after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China. Brent crude futures slipped 3 cents to $74.88 a barrel. U.S. West Texas Intermediate crude edged down 2 cents to $70.84 as of 0222 GMT. “Crude prices […]

By Katya Golubkova TOKYO (Reuters) – Oil prices fell for a second day on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China, the world’s two biggest oil consumers. Brent crude futures was 29 cents lower, or down by 0.4%, to $74.60 a barrel. U.S. West Texas Intermediate crude edged down by 32 cents, […]

SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Wednesday a Quad summit would not go ahead in Sydney next week without U.S. President Joe Biden, who postponed his trip to Australia due to debt ceiling negotiations in Washington. Albanese said the leaders of Australia, the United States, India and Japan would instead meet at the G7 in Japan this weekend, after Biden canceled a trip to Sydney on […]

(Reuters) – Inter Milan manager Simone Inzaghi said he never doubted that his team could reach the Champions League final as they completed a resounding 3-0 aggregate victory over rivals AC Milan on Tuesday. A month ago, Inzaghi faced criticism and was under pressure after a lacklustre run of results, yet his side has turned it around and their 1-0 semi-final second leg win over Milan was their eighth in […]

MILAN (Reuters) -A second-half goal by forward Lautaro Martinez earned Inter Milan a 1-0 victory over rivals AC Milan in their Champions League semi-final second leg on Tuesday, sealing a 3-0 aggregate win to book their ticket to the showpiece in Istanbul. Milan recovered some of the spark they lacked in the first leg but Inter’s Martinez put the tie to bed when he struck powerfully from close range in […]

BEIJING (Reuters) – China’s new home prices rose for the fourth straight month in April but at a slower pace, official data showed on Wednesday, as government efforts to stabilise the sector lifted sentiment after the country’s abrupt exit from COVID curbs late last year. New home prices in April edged up 0.4% month-on-month from a 0.5% gain in March, according to Reuters calculations based on National Bureau of Statistics […]

SYDNEY (Reuters) – Australian wages increased at the fastest pace in a decade in the first quarter, although quarterly gains missed forecasts, in a result that offers some solace for policymakers who worry a damaging price-wage spiral would lead to more rate hikes. Figures from the Australian Bureau of Statistics out on Wednesday showed its wage price index rose 0.8% in the March quarter from the previous quarter, just under […]

By Julia Harte (Reuters) -North Carolina Republican lawmakers overrode a veto by the state’s Democratic governor to enact a law on Tuesday that cuts the window for most abortions in the southern state from 20 to 12 weeks. The law bans elective abortions after the first trimester, except in cases of rape, incest, life-limiting fetal anomalies and medical emergencies. It will curtail access to the procedure for millions of women […]

(Reuters) -UBS Group AG expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AG, the bank said in a presentation early on Wednesday as it prepares to complete the rescue of its struggling Swiss rival. UBS estimates a negative impact of $13 billion from fair value adjustments of the combined group’s assets and liabilities. UBS also sees $4 billion in potential litigation and regulatory […]