Town Hall News

By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) – A standoff over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders set to begin on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the limit on the government’s permitted borrowing […]

By Chen Aizhu SINGAPORE (Reuters) – China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter told Reuters. The switch to yuan to pay for much of a roughly $88 billion […]

By Liangping Gao and Kevin Yao BEIJING (Reuters) -China’s consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery. The weak consumer price rise reinforces the signals from this week’s trade data suggesting domestic demand remains lacklustre, while the deflationary impulse in producer prices […]

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices bounced back on Thursday after dropping by more than a dollar a barrel the previous day, supported by stronger fuel demand data from the United States, the world’s top oil consumer. Brent crude futures rose by 56 cents, or 0.7%, to $76.97 a barrel by 0330 GMT, while U.S. crude futures rose 53 cents, also up 0.7%, to $73.09. A sharper-than-expected drop in […]

By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) – A standoff over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders set to begin on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the limit on the government’s permitted borrowing […]

By Amlan Chakraborty NEW DELHI (Reuters) – With the match schedule still under wraps and the main title contenders preoccupied with test cricket, there is a distinct lack of buzz around the 50-overs World Cup five months out from its expected start in October. The governing International Cricket Council (ICC) has said the dates and venues for the 13th edition of the showpiece tournament would be out in “due course” […]

(Reuters) -The U.S. Food and Drug Administration approved Otsuka Pharmaceutical’s brexpiprazole to treat agitation in patients with Alzheimer’s on Thursday, making it the first approved drug for the indication, the company said in a statement. The decision comes after an advisory panel in April voted 9-1 that the company had enough data to identify the population in whom benefits from the treatment outweigh its risks. Patients with Alzheimer’s sometimes show […]

(Reuters) – The U.S. Food and Drug Administration approved Otsuka Pharmaceutical’s brexpiprazole to treat agitation in patients with Alzheimer’s on Thursday, making it the first approved drug for the indication, the company said in a statement. The decision comes after an advisory panel in April voted 9-1 that the company had enough data to identify the population in whom benefits from the treatment outweighs its risks. (Reporting by Aditya Samal; […]

By Abhirup Roy SAN FRANCISCO (Reuters) – Rivian Automotive Inc is betting it can keep prices high for its debut lines of electric pickup trucks and sport-utility vehicles even when competition swells, its CEO said, a bold move that may be necessary if the startup wants to make a profit. And one some see as risky, since Rivian products will soon face more rivals at a time when market leader […]