Town Hall News

By Laurie Chen and Sophie Yu BEIJING (Reuters) – Queues stretch hundreds of metres around temples in China on weekends, as despondent young worshippers pray to find jobs in an economy slowly clawing its way back from the coronavirus pandemic. “I hope to find some peace in temples,” said 22-year-old Wang Xiaoning, pointing to “the pressure of finding a job” and housing costs that are out of reach. Wang is […]

TOKYO (Reuters) – Nomura Holdings Inc shares dropped more than 7% early on Thursday after Japan’s biggest brokerage posted a sharp fall in quarterly net profit as worries about a global banking crisis roiled markets and hit its investment banking business. Nomura on Wednesday reported a 76% fall in January-March net profit, joining Wall Street investment banks in reporting a slump in dealmaking fees as global mergers and acquisitions activity […]

TOKYO (Reuters) – Nomura Holdings Inc shares dropped more than 7% early on Thursday after Japan’s biggest brokerage posted a sharp fall in quarterly net profit as worries about a global banking crisis roiled markets and hit its investment banking business. Nomura on Wednesday reported a 76% fall in January-March net profit, joining Wall Street investment banks in reporting a slump in dealmaking fees as global mergers and acquisitions activity […]

By Stella Qiu SYDNEY (Reuters) – Asian shares extended losses on Thursday as troubles at U.S. lender First Republic Bank continued to unnerve investors amid concerns that growth in the world’s biggest economy could very well surprise to the downside. MSCI’s broadest index of Asia-Pacific shares outside Japan were 0.3% lower on Thursday, while Japan’s Nikkei lost 0.4%. China’s blue chips were flat, but Hong Kong’s Hang Seng Index slid […]

By Stella Qiu SYDNEY (Reuters) – Asian shares extended losses on Thursday as troubles at U.S. lender First Republic Bank continued to unnerve investors amid concerns that growth in the world’s biggest economy could very well surprise to the downside. MSCI’s broadest index of Asia-Pacific shares outside Japan were 0.3% lower on Thursday, while Japan’s Nikkei lost 0.4%. China’s blue chips were flat, but Hong Kong’s Hang Seng Index slid […]

By Daniel Leussink TOKYO (Reuters) -Japan’s Denso Corp, a leading supplier to Toyota Motor Corp, reported an 86.3% rise in fourth quarter operating profit on Thursday, benefitting from stronger sales and weaker lockdown-induced headwinds. The company, a major manufacturer of automotive parts and chips, posted operating profit of 158.1 billion yen ($1.18 billion) for the three months to end-March, versus an average 161.51 billion yen profit estimated by 10 analysts. […]

By Daniel Leussink TOKYO (Reuters) -Japan’s Denso Corp, a leading supplier to Toyota Motor Corp, reported an 86.3% rise in fourth quarter operating profit on Thursday, benefitting from stronger sales and weaker lockdown-induced headwinds. The company, a major manufacturer of automotive parts and chips, posted operating profit of 158.1 billion yen ($1.18 billion) for the three months to end-March, versus an average 161.51 billion yen profit estimated by 10 analysts. […]

SEOUL (Reuters) -South Korean President Yoon Suk Yeol met with Tesla CEO Elon Musk on Wednesday in Washington to call for investment in his country, Yoon’s office said. The two met at Musk’s request as Yoon is in the U.S. for a six-day state visit, said Choi Sang-mok, Yoon’s senior economic secretary, according to a transcript of a news briefing Choi gave in Washington on Wednesday provided by Yoon’s office. […]

SEOUL (Reuters) -South Korean President Yoon Suk Yeol met with Tesla CEO Elon Musk on Wednesday in Washington to call for investment in his country, Yoon’s office said. The two met at Musk’s request as Yoon is in the U.S. for a six-day state visit, said Choi Sang-mok, Yoon’s senior economic secretary, according to a transcript of a news briefing Choi gave in Washington on Wednesday provided by Yoon’s office. […]