Town Hall News

(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 […]

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) – Appen Ltd on Wednesday flagged a soft start to the year due to unfavourable economic conditions, although the Australian AI training provider expects to be profitable by the end of 2023 on the back of its cost-saving and diversification measures. Shares of the company tanked as much as 19.4% to A$2.570 in early trade. Appen said revenue for the four months ended April 30 dropped about 21% to […]

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A heavy dose of Japanese corporate earnings and a smattering of South Korean economic data give Asian markets a local steer on Wednesday against a backdrop of growing unease surrounding the U.S. debt ceiling crisis. Full-year Japanese earnings on tap Wednesday include Softbank, Toyota and Panasonic. They follow bumper numbers on Tuesday from […]

By Alexandra Valencia QUITO (Reuters) -Lawmakers in Ecuador’s National Assembly voted on Tuesday to continue an impeachment process against President Guillermo Lasso over embezzlement accusations, potentially moving the labyrinthine process toward its final stage. Lasso has always denied accusations that he turned a blind eye to alleged embezzlement related to a contract at state-owned oil transportation company Flopec, arguing his administration made profitable changes to the deal, which was signed […]

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net interest income growth. OCBC, which is also Southeast Asia’s second-biggest bank by assets, said January-March net profit rose to a record S$1.88 billion ($1.42 billion) from S$1.36 billion a year earlier. That beat the mean estimate of S$1.74 […]

By David Lawder and Jahnavi Nidumolu WASHINGTON (Reuters) -Wall Street executives who have advised the U.S. Treasury’s debt operations for the past 25 years warned on Tuesday they are “deeply concerned” about the debt limit impasse that has markets worried about a U.S. default on payment obligations. The 18 current and former chairs and vice chairs of the Treasury Borrowing Advisory Committee (TBAC) since 1998 said in a letter to […]

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net interest income growth.OCBC, which is also Southeast Asia’s second-biggest bank by assets, said January-March net profit rose to a record S$1.88 billion ($1.42 billion) from S$1.36 billion a year earlier. That beat the mean estimate of S$1.74 billion […]

By Jack Queen and Luc Cohen NEW YORK (Reuters) -Donald Trump must pay $5 million in damages for sexually abusing magazine writer E. Jean Carroll in the 1990s and then defaming her by branding her a liar, a jury decided on Tuesday. “Today, the world finally knows the truth,” Carroll said in a statement. “This victory is not just for me but for every woman who has suffered because she […]