Town Hall News

By Rae Wee SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break a deadlock on the debt ceiling crisis, though currency moves were marginal amid caution ahead of U.S. inflation data later in the day. Biden and House of Representatives Speaker Kevin McCarthy remained divided over raising the $31.4 trillion U.S. debt limit following talks on Tuesday, with just […]

HONG KONG (Reuters) – Hong Kong’s Security Chief Chris Tang criticised an opinion piece in the Wall Street Journal (WSJ) on a seizure by authorities of a statue commemorating Beijing’s Tiananmen Square crackdown on democracy protesters in 1989. Tang said in a letter to the newspaper that the WSJ opinion piece, titled “Subversive Art is a crime in Hong Kong”, contained “groundless remarks” that mislead leaders, broadcaster RTHK reported late […]

(Reuters) – Argentina’s World Cup-winning coach Lionel Scaloni said he does not care where Lionel Messi plays his club football as long as he feels comfortable and happy. Messi’s future at Paris Saint Germain has been the subject of much speculation over the last week after the Qatari-owned club suspended him for taking a trip to Saudi Arabia and missing a training session. French media on Tuesday reported that a […]

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday its best-ever quarterly profit and upgraded its net interest margin guidance for the full year on the back of strong first-quarter growth. OCBC, which is also Southeast Asia’s second-biggest bank by assets, said January-March net profit rose 39% to S$1.88 billion ($1.42 billion), beating the mean estimate of S$1.74 billion from five analysts polled by […]

NEW YORK (Reuters) – Major League Baseball (MLB) is expected to send the New York Mets and Philadelphia Phillies across the Atlantic Ocean next year for their annual London Series of games, a source with knowledge of the plans told Reuters on Tuesday. MLB first put on games in London in 2019 and last year rolled out plans to hold regular-season games there as part of a long-term strategic partnership […]

By Anirban Sen NEW YORK (Reuters) -A consortium comprising Elliott Investment Management, Patient Square Capital and Veritas Capital is nearing a deal to acquire Syneos Health Inc, a provider of clinical research to drug developers, for more than $7 billion, including debt, people familiar with the matter said. The consortium will pay about $43 per share in cash for Syneos, the sources said. This represents a 14% gain to Syneos’ […]

By Stephanie Kelly (Reuters) – Oil prices slipped in early trade on Wednesday after industry data showed a surprise build in U.S. crude stocks, while investors awaited U.S. inflation data for April that could give direction for the Federal Reserve’s next rate decision. Brent crude dropped 16 cents to $77.28 a barrel at 0008 GMT, while U.S. West Texas Intermediate (WTI) crude dipped 20 cents to $73.51, paring gains from […]

(Reuters) – India plans to reopen the application process for $10 billion in incentives and assistance intended to encourage the manufacturing of chips in the country, Bloomberg News reported on Wednesday citing people familiar with the matter. (Reporting by Jose Joseph in Bengaluru; Editing by Tom Hogue) Brought to you by www.srnnews.com

(Reuters) – Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will be voice and video chat from your handle to anyone on this platform, so you […]