Town Hall News

By Lewis Jackson and Muyu Xu SYDNEY (Reuters) – More than three years since China first blocked a range of Australian imports in a political dispute, restrictions are easing, but reviving trade is proving more challenging than stopping it in the first place. A leaders meeting late last year set off a thaw in relations that saw China relax restrictions on coal in January. But three months on, in March, […]

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people to seek refuge in digital coins. Ownership of digital currencies in Turkey was the highest in the world at 27.1% followed by Argentina at 23.5% — well above global crypto ownership […]

By Lewis Jackson and Muyu Xu SYDNEY (Reuters) – More than three years since China first blocked a range of Australian imports in a political dispute, restrictions are easing, but reviving trade is proving more challenging than stopping it in the first place. A leaders meeting late last year set off a thaw in relations that saw China relax restrictions on coal in January. But three months on, in March, […]

(Reuters) – Ukrainian forces shelled a village in the Russian Bryansk region bordering Ukraine early on Tuesday, the local governor said in a social media post, a day after an explosion derailed a freight train in the region. “In the morning, the Armed Forces of Ukraine shelled the village of Kurkovichi in the Starodubsky municipal district.” Bryansk Governor Alexander Bogomaz said in a post on his Telegram channel. “There were […]

By Praveen Menon SYDNEY (Reuters) – Australia’s flagship carrier, Qantas Airways Ltd, said on Tuesday that long-serving CEO Alan Joyce would step aside in November, and named Vanessa Hudson as its next chief executive officer. Below is a timeline of key events in Joyce’s 15-year career as one of the longest-serving CEOs of a major Australian company. * November 2008 – Irish-born Alan Joyce is appointed as Qantas chief executive. […]

By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue, as tensions in the region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions comes ahead of Japanese Prime Minister Fumio Kishida’s planned visit to South Korea next week for […]

By Selena Li and Lawrence White HONG KONG (Reuters) -HSBC Holdings reported on Tuesday a better than expected tripling of quarterly profit, as rising interest rates worldwide boosted the lender’s income and helped it pay a first quarterly dividend since 2019. HSBC’s strong performance comes against the backdrop of the global banking sector being rocked by the closure of Silicon Valley Bank and Signature Bank in March, as deposit flight […]

By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) -Investors breathed easier on Monday after a weekend auction found a buyer for troubled First Republic Bank, though some said they were worried the crisis in regional banks is not over and hedge funds bet other dominos may still fall. As Wall Street money managers, banking executives and pension fund managers gathered at the Milken Institute Global Conference, the main topic […]

(Reuters) -Tesla Inc has raised prices for its Model Y and Model 3 variants by the equivalent of about $300 in the United States, China, Japan and Canada, after having slashed prices on its top selling vehicles since the start of the year. The U.S. automaker has raised the starting price point on the Model Y and Model 3 electric vehicles in the U.S. by $250, its website showed – […]