Town Hall News

ZURICH (Reuters) -Credit Suisse said on Monday 61 billion Swiss francs ($68 billion) left the bank in the first quarter, shedding light on the scale of the bank run that caused the 167-year-old institution to crumble and forced its state-engineered rescue. “These outflows have moderated but have not yet reversed as of April 24, 2023,” Credit Suisse said. The bank reported results for what is likely to be the last […]

SYDNEY (Reuters) – With sell-out crowds, beer-drenched celebrations and even a few “shoeys”, the LIV Golf rebel tour delivered on its promise to change the face of the game at its 12th event in the Australian city of Adelaide at the weekend. A field studded with 13 major winners was enthusiastically cheered on by packed galleries and even the lack of local success did nothing to dull a festival atmosphere […]

By Rae Wee SINGAPORE (Reuters) – The dollar began the last trading week of the month on a firmer footing, with traders awaiting a slew of central bank policy meetings that could signal how soon the steep increases in interest rates globally might come to an end. U.S. Federal Reserve policymakers are widely expected to raise rates by another 25 basis points at next week’s Federal Open Market Committee (FOMC) […]

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Monday the central bank’s inflation forecasts must be “quite strong and close to 2%” in the coming year to consider tweaking yield curve control. “At present, trend inflation is below 2% so we must maintain monetary easing,” Ueda told parliament. “But when trend inflation is projected to reach 2%, the BOJ must normalise monetary policy,” he added. […]

SHANGHAI (Reuters) – Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will ship cars to North America from China, according to a person with direct knowledge of the plan and a production memo seen by Reuters. The move would connect Tesla’s biggest and most cost-efficient factory in the world to North America, its largest market. […]

By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Monday the central bank’s inflation forecasts must be “quite strong and close to 2%” in the coming year to consider tweaking yield curve control. “At present, trend inflation is below 2% so we must maintain monetary easing,” Ueda told parliament. “But when trend inflation is projected to reach 2%, the BOJ must normalise monetary policy,” he […]

AMMAN (Reuters) -Israel has detained a Jordanian lawmaker on suspicion of smuggling arms and gold into the West Bank and Amman is working to secure his release, the kingdom’s foreign ministry said on Sunday. Imad al Adwan, a member of parliament who had crossed a main border crossing along the Jordan River earlier on Sunday by car, was being held and interrogated by Israeli authorities, Sinan al Majali, a Jordanian […]

ZURICH (Reuters) – Credit Suisse said on Monday 61 billion Swiss francs ($68 billion) left the bank in the first quarter, shedding light on the scale of the bank run that caused the 167-year-old institution to crumble and forced its state-engineered rescue. The bank reported results for what is likely to be the last time, as its shotgun marriage with rival Swiss bank UBS, is expected to be completed soon. […]

By Charlie Devereux MADRID (Reuters) – Spain on Monday will dig up the body of Jose Antonio Primo de Rivera, founder of the fascist Falange movement that supported the Francoist regime, and remove it from a mausoleum carved into a mountainside near Madrid. Primo de Rivera’s exhumation, which follows the 2019 removal of the remains of dictator Francisco Franco, is part of a plan to convert the so-called Valley of […]