Town Hall News

(Reuters) – PNC Financial Services Group Inc said on Tuesday the parent company and its banking unit can offer up to $15 billion of its commercial paper to provide additional liquidity. The regional bank, which has so far been insulated from deposit flight, said in a filing the holding company can offer up to $5 billion and the banking unit $10 billion. No commercial paper has been issued as of […]

By Manya Saini, Niket Nishant and Koh Gui Qing (Reuters) -Hindenburg Research, the short investor whose reports on companies have erased a big chunk of their value, criticized Icahn Enterprises LP (IEP) on Tuesday over the reporting of its finances, leading to a 20% drop in the shares of activist investor Carl Icahn’s firm. The development represents a rare challenge for Icahn who is accustomed, as one of the pioneers […]

(Reuters) – The Ukrainian general in charge of ground forces said his troops would not give up the eastern city of Bakhmut as they prepare to begin a counteroffensive against occupying Russian forces. FIGHTING/MILITARY * The United States plans to announce as soon as Wednesday a $300 million military aid package for Ukraine that will for the first time include a short-range air-launched rocket, two U.S. officials said. * Ukrainian […]

A New Jersey mayor who was blocked from attending a White House celebration this week with President Joe Biden to belatedly mark the end of the Muslim holy month of Ramadan called Tuesday for the administration to end the federal “watch list” that he said illegally targets Muslims and others. During a news conference held Tuesday in South Plainfield by the New Jersey chapter of the Council on American-Islamic Relations […]

By Brendan Pierson (Reuters) – A lawyer for a Florida prosecutor on Tuesday urged a federal appeals court to reinstate his client after the state’s Republican governor, Ron DeSantis, indefinitely suspended him over his pledge not to prosecute people seeking or providing abortions. “This governor punishes dissenting voices,” David A. O’Neil, a lawyer for suspended prosecutor Andrew Warren, told a three-judge panel of the 11th U.S. Circuit Court of Appeals. […]

WASHINGTON (Reuters) – The United States is on track to open a new embassy in Tonga this month, the top U.S. diplomat for East Asia said on Tuesday, part of efforts to step up its diplomatic presence in the Pacific region to counter China. Daniel Kritenbrink told a subcommittee of the Senate Foreign Relations Committee that the United States was also continuing to engage with Vanuatu and Kiribati about opening […]

PRISTINA (Reuters) -Leaders of Kosovo and Serbia failed to agree on how to lower tensions in Serb-majority areas in north Kosovo, EU foreign policy chief Josep Borrell said on Tuesday, warning that any further escalation could undermine the EU-backed deal on normalising ties. In March, Pristina and Belgrade verbally agreed to implement a Western-backed plan aimed at improving ties but little progress has been seen since. Some 50,000 Serbs who […]

By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away from stocks and real estate amid uncertainty over interest rates, fears of a recession and threat of a U.S. debt default. Instead, fixed income, which was unpopular when rates were low, is back in favor and seeing strong capital flows into […]

(Reuters) – TikTok said on Tuesday its head of U.S. data security trust and safety, Eric Han, will leave the company. The news comes as TikTok faces calls from U.S. lawmakers to ban the popular short-form video app from the country over concerns about its Chinese ownership and protection of U.S. user data. (Reporting by Sheila Dang in New York; Editing by Leslie Adler) Brought to you by www.srnnews.com