Town Hall News

BEIJING (Reuters) – China’s service activity grew for a fourth straight month in April, a private-sector survey showed on Friday, as businesses continued to benefit from a return toward pre-pandemic levels of demand and output, although expansion slowed slightly. The Caixin/S&P Global services purchasing managers’ index (PMI) fell to 56.4 in April from 57.8 the month prior, above the 50-point mark that separates expansion and contraction in activity on a […]

BEIJING (Reuters) – China’s service activity grew for a fourth straight month in April, a private-sector survey showed on Friday, as businesses continued to benefit from a return toward pre-pandemic levels of demand and output, although expansion slowed slightly. The Caixin/S&P Global services purchasing managers’ index (PMI) fell to 56.4 in April from 57.8 the month prior, above the 50-point mark that separates expansion and contraction in activity on a […]

(Reuters) – Peloton Interactive Inc on Thursday said that it had identified a defect involving seat posts in its original stationary bike, with 12 reports of injuries, including one wrist fracture, as of April 30. Out of 2.4 million units sold in the U.S. and Canada as of April 30, there were 35 reports of the bike’s seat post breaking during use, Peloton said in a filing with the U.S. […]

By Savyata Mishra (Reuters) -ANZ Group Holdings Ltd said on Friday intense competition in retail banking and higher cost-of-living pressure will result in a “tough” second half, despite the lender logging a record half-year profit in line with expectations. ANZ joined rival National Australia Bank (NAB) to flag an uncertain outlook arising from fierce lending and deposit competition, a slowing property market, and sustained high inflation. While the lender did […]

By Steve Holland WASHINGTON (Reuters) -White House national security adviser Jake Sullivan said on Thursday he will travel to Saudi Arabia this weekend for talks with Saudi leaders, as the United States seeks to bolster often-frayed ties with Riyadh. Sullivan, speaking at a think tank conference, also said the United States will “take the necessary action to ensure that Iran does not acquire a nuclear weapon” and still seeks a […]

By Rodrigo Campos NEW YORK (Reuters) – Credit Suisse repurchased Ecuadorean sovereign notes worth $1.6 billion in face value, the country’s bankers said on Thursday, freeing cash for conservation of the unique Galapagos Islands in the biggest debt-for-nature swap ever struck. Over $202 million in face value of the 2030 notes was purchased at 53.25 cents on the dollar, as well as just over $1 billion in 2035 notes at […]

By Rodrigo Campos NEW YORK (Reuters) – Credit Suisse repurchased Ecuadorean sovereign notes worth $1.6 billion in face value, the country’s bankers said on Thursday, freeing cash for conservation of the unique Galapagos Islands in the biggest debt-for-nature swap ever struck. Over $202 million in face value of the 2030 notes was purchased at 53.25 cents on the dollar, as well as just over $1 billion in 2035 notes at […]

BOGOTA (Reuters) – Colombia’s Congress on Thursday approved a $247.4 billion four-year development plan, paving the way for the government of leftist President Gustavo Petro to implement social and economic reforms. National Development Plans, presented to Congress by each new government, are generally financed with funds from annual budgets, royalties from oil and mining projects, and resources from municipalities and provinces across the country. Petro’s plan aims to cut the […]

By Arathy Somasekhar (Reuters) – Oil prices held steady in early trading on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude rose 14 cents, or 0.2%, to $72.64 a barrel at 0002 GMT, while U.S. West Texas Intermediate was up 17 cents, or 0.3%, at $68.73 a barrel after […]