Town Hall News

By Valentina Za MILAN (Reuters) -Intesa Sanpaolo, Italy’s biggest bank, raised its 2023 profit goal on Friday after first-quarter net income nearly doubled thanks to higher interest rates and shrinking loan loss provisions. The lender forecast 7 billion euros ($7.7 billion) in net profit this year, having said in February that it would top last year’s result of 5.5 billion euros. The upgrade comes after fellow heavyweight UniCredit raised its […]

BANGKOK (Reuters) – Another opposition leader emerged as the favourite to be Thailand’s next prime minister in a new opinion poll on Friday, just days out from an election that could see an end to nine years of military-backed government. Pita Limjaroenrat, 42, the charismatic leader of the Move Forward party, jumped ahead of Paetongtarn Shinawatra of the main opposition Pheu Thai, with 29.37% support versus her 27.55% in a […]

(Reuters) – Lucknow Super Giants skipper KL Rahul has been ruled out of the rest of the Indian Premier League (IPL) season and India’s World Test Championship (WTC) final against Australia after he said on Friday he would undergo surgery on his thigh. The 31-year-old got injured in his last match against Royal Challengers Bangalore earlier this week, tearing a tendon in his right leg while fielding, and had to […]

BANGKOK (Reuters) – Another opposition leader emerged as the favourite to be Thailand’s next prime minister in a new opinion poll on Friday, just days out from an election that could see an end to nine years of military-backed government. Pita Limjaroenrat, 42, the charismatic leader of the Move Forward party, jumped ahead of Paetongtarn Shinawatra of the main opposition Pheu Thai, with 29.37% support versus her 27.55% in a […]

By Julie Zhu and Scott Murdoch HONG KONG/SYDNEY (Reuters) – China’s largest express delivery company SF Holding Co Ltd plans to raise up to $3 billion in a second listing in Hong Kong as soon as later this year, in what would be one of the largest public offerings in the city, two sources said. The courier group, regarded as China’s answer to FedEx Corp and DHL, has picked Goldman […]

By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chileans will vote to elect 50 constitutional advisers on Sunday, a major step towards rewriting the constitution, after voters overwhelmingly rejected a first attempt in a plebiscite last September to replace the dictatorship-era charter. The so-called Constitutional Council that voters are set to elect will work as of June on the new constitution, based on a preliminary draft prepared by a commission […]

(Reuters) -Magna International Inc on Friday slightly raised its full-year sales forecast as the Canadian auto parts maker expects light vehicle production to improve in its two biggest markets of North America and Europe. The global auto industry is recovering from chip shortages and elevated prices for raw materials, freight and labor that had shackled efforts to meet customer demand. Automakers are also revving up production to meet a strong […]

By Arshad Mohammed, John Irish, Jonathan Landay and Parisa Hafezi WASHINGTON/PARIS/DUBAI (Reuters) – Even as the United States and its European allies grapple with Russia’s invasion of Ukraine and rising tensions with China, the smoldering crisis over Iran’s nuclear program threatens to reignite. In a sign of European concern, Britain, France and Germany have warned Iran they would trigger a return of U.N. sanctions against Tehran if it enriched uranium […]

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Influential labour representatives are open to private equity players taking a stake in Thyssenkrupp’s warship division Marine Systems (TKMS) and will set up a committee in the coming days to join the negotiation process. “We are not generally opposing private equity taking a stake in TKMS,” said Daniel Friedrich, who leads the division at IG Metall, Germany’s most powerful union, that represents […]