Town Hall News

By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased on Wednesday, with investors expecting a hike in U.S. interest rates later in the day, but unsure how long the Federal Reserve will keep policy tight considering the latest gloomy jobs data and U.S. debt ceiling and banking sector risks. U.S. job openings fell for a third straight month in March and layoffs increased to the highest in more than two […]

KIGALI (Reuters) -Around 55 people have been killed in western Rwanda after heavy rains triggered flooding, with others wounded and trapped in their houses, a senior government official said on Wednesday. “It rained heavily all night, causing immense suffering in the districts of Ngororero, Rubavu, Nyabihu, Rutsiro, and Karongi,” Habitegeko François, Governor of the Western Province, told Reuters. “We have lost many lives and families. Around 55 people have died, […]

(Reuters) – Former FIFA Council member Moya Dodd has criticised Gianni Infantino’s threat of a Women’s World Cup broadcast blackout in Europe this year and said the governing body is responsible for the tournament being historically undervalued. FIFA is selling TV rights to the women’s tournament separately from the men’s for the first time and president Infantino said Europe’s ‘Big 5’ nations face a blackout unless broadcasters improve on their […]

MILAN (Reuters) – UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected first quarter earnings. Solid results by Italy’s only bank that regulators deem of global systemic relevance are the latest evidence of strength for a sector where a string of failures this year has shaken investors’ confidence. UniCredit forecast a 2023 profit above 6.5 billion euros ($7.2 billion), improving the guidance it […]

By Anne Kauranen HELSINKI (Reuters) – Finland’s largest daily Helsingin Sanomat on Wednesday took its struggle against Russian media restrictions to a popular online videogame to mark world press freedom day. Editor-in-chief Antero Mukka said the paper had to get creative in trying to breach the restrictions and decided to hide articles about Russia’s war in Ukraine in Russian in the shooter game Counter-Strike, which is popular worldwide and among […]

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected on Wednesday to raise interest rates and perhaps signal a pause in its 14-month tightening cycle, as policymakers balance the need to slow inflation against a pressing set of risks ranging from bank failures to the possibility of a U.S. debt default as soon as next month. Investors anticipate the U.S. central bank will follow through with a quarter-percentage-point […]

PARIS (Reuters) – BNP Paribas, the eurozone’s biggest bank, saw profit more than double in the first quarter from a year ago, bolstered by the sale of its U.S. retail division while revenue beat estimates. This allowed the French bank to beef up its capital and liquidity buffers, at a time when European lenders strive to restore confidence in a sector battered by turmoil. Revenue of just over 12 billion […]

SYDNEY (Reuters) – Australia’s central bank said on Wednesday that a rapid recovery in population growth was a big surprise for the bank’s economic forecasts, pushing up rents and leading to an earlier-than-expected stabilisation in housing prices after months of losses. Speaking at an event in Perth, Marion Kohler, the Reserve Bank of Australia’s (RBA) head of economic analysis, said the drag on consumption from the housing downturn would be […]

(Reuters) – Tesla Inc has resumed taking orders for its Model 3 long-range version in the United States, the company’s website showed late on Tuesday, after a temporary halt last year due to delivery backlogs. The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at last August when Tesla halted taking orders in the U.S. and Canada. […]