Town Hall News

(Reuters) -Canadian miner Teck Resources Ltd, the target of an unsolicited takeover bid by Glencore, narrowly missed first-quarter estimates on Wednesday, hit by lower product prices, weak copper and zinc sales and higher expenses. Teck reported an adjusted profit of C$1.81 per share for the three months ended March 31, compared with the average analyst estimate of C$1.82, according to Refinitiv IBES data. Teck has repeatedly rejected approaches from Swiss […]

BERLIN (Reuters) – Three Russian military aircraft flying without transponder signals have been intercepted in international airspace over the Baltic Sea, Germany’s Luftwaffe said on Wednesday. German and British forces were deployed to identify the two Sukhoi Su-27 fighter aircraft and one Ilyushin Il-20 aircraft, the German air force said on Twitter. It posted several images of the Russian aircraft mid-flight. (Reporting by Friederike Heine, Editing by Andrew Heavens) Brought […]

BERLIN (Reuters) – Three Russian military aircraft flying without transponder signals have been intercepted in international airspace over the Baltic Sea, Germany’s Luftwaffe said on Wednesday. German and British forces were deployed to identify the two Sukhoi Su-27 fighter aircraft and one Ilyushin Il-20 aircraft, the German air force said on Twitter. It posted several images of the Russian aircraft mid-flight. (Reporting by Friederike Heine, Editing by Andrew Heavens) Brought […]

BEIJING (Reuters) – China will start building relay satellites that by 2030 will act as a communication bridge between missions to the moon and beyond, and ground operations on Earth, Chinese state media reported on Wednesday. A pilot of the satellite constellation will support China’s ongoing lunar exploration programme and the building of the International Lunar Research Station (ILRS), the official Xinhua news agency reported, citing Wu Yanhua, chief designer […]

BEIJING (Reuters) -E-commerce and tech giant Alibaba’s cloud computing division will cut prices for its products and services by up to 50% starting Wednesday, stepping up efforts to fight for a bigger slice of China’s cloud market amid rising competition. According to Alibaba Cloud’s website, prices for elastic computing services – the ability to quickly expand or decrease processing – using Arm and Intel-based chips will drop by 15% to […]

By Asiri Fernando COLOMBO (Reuters) -Sri Lanka is trying to reduce its overall debt by $17 billion through restructuring, its president told the parliament on Wednesday as he sought support of opposition parties for a nearly $3 billion International Monetary Fund (IMF) programme. President Ranil Wickremesinghe also said the country would discuss debt restructuring with India and the Paris Club of creditors on one platform and with China separately. Caught in […]

DUBAI (Reuters) -Sudan’s toppled leader Omar al-Bashir was moved from Kober prison to a military hospital in the Sudanese capital before heavy fighting broke out there on April 15, two sources at the hospital said.     The whereabouts of Bashir came into question after a former minister in his government, Ali Haroun, announced on Tuesday he had left the prison with other ex officials.     Both Bashir and Haroun are […]

(Reuters) – World number five Stefanos Tsitsipas said his run to the final in Barcelona had served as a reminder of what it felt like to be a strong contender at a tournament again and left him full of confidence heading into this week’s Madrid Open. After missing out on a first Grand Slam title in January with defeat to Novak Djokovic in the Australian Open final, Tsitsipas went out […]

By Selena Li and Lawrence White HONG KONG/London (Reuters) -Standard Chartered PLC (StanChart) on Wednesday said first-quarter pretax profit jumped 21%, beating expectations, as rising interest rates buoyed cash management income and retail product sales for the emerging markets-focused lender. Chief Executive Bill Winters said he now expects income this year to grow around 10%, the top of a previously guided range.  The earnings update showed how rising central bank […]