Town Hall News

By Selena Li HONG KONG (Reuters) – Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world’s second-biggest economy to provide policy support. Expectations that the dollar will soften also cushioned emerging markets, although investors were wary of crucial U.S. government debt-ceiling negotiations, with a little more than two weeks to go before the government could run short of money to pay its […]

SYDNEY (Reuters) – Melbourne City left back Jordan Bos has agreed to join Belgian Pro League team Westerlo for a fee that the A-League side said was a record received by an Australian club. The move, which is subject to a medical, caps a meteoric rise for 20-year-old Bos, who made his debut for City last season and won his first cap for Australia against Ecuador in March this year. […]

SYDNEY (Reuters) – Melbourne City left back Jordan Bos has agreed to join Belgian Pro League team Westerlo for a fee that the A-League side said was a record received by an Australian club. The move, which is subject to a medical, caps a meteoric rise for 20-year-old Bos, who made his debut for City last season and won his first cap for Australia against Ecuador in March this year. […]

By Ellen Zhang and Joe Cash BEIJING (Reuters) – China’s April industrial output and retail sales growth undershot forecasts, suggesting the economy lost further momentum at the start of the second quarter and adding pressure on policymakers to shore up a wobbly post-COVID recovery. Tuesday’s batch of data, which also showed a decline in property market investment, does little to allay concerns about the outlook for the world’s second-biggest economy […]

By Ellen Zhang and Joe Cash BEIJING (Reuters) – China’s April industrial output and retail sales growth undershot forecasts, suggesting the economy lost further momentum at the start of the second quarter and adding pressure on policymakers to shore up a wobbly post-COVID recovery. Tuesday’s batch of data, which also showed a decline in property market investment, does little to allay concerns about the outlook for the world’s second-biggest economy […]

(Reuters) -India’s Go Airlines said on Monday it needed an emergency arbitration in its dispute with engine maker Pratt & Whitney to be enforced in Delaware to prevent it from going out of business. The Indian airline blames the Raytheon Technologies-owned engine maker for its financial woes and recent bankruptcy filing, arguing that the U.S. firm supplied “faulty” engines and failed to replace them on time, resulting in the grounding […]

(Reuters) -India’s Go Airlines said on Monday it needed an emergency arbitration in its dispute with engine maker Pratt & Whitney to be enforced in Delaware to prevent it from going out of business. The Indian airline blames the Raytheon Technologies-owned engine maker for its financial woes and recent bankruptcy filing, arguing that the U.S. firm supplied “faulty” engines and failed to replace them on time, resulting in the grounding […]

By Heekyong Yang SEOUL (Reuters) – South Korea’s LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable. LG Display aims to supply 2 million units next year and boost shipments to 3 million and 5 million units in subsequent years, two sources with […]

By Heekyong Yang SEOUL (Reuters) – South Korea’s LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable. LG Display aims to supply 2 million units next year and boost shipments to 3 million and 5 million units in subsequent years, two sources with […]