Town Hall News

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks slid toward their worst week in a month-and-a-half on Friday and oil nursed losses, while bonds enjoyed their best bid in weeks as U.S. data and earnings showed signs of weakness. Figures showed more Americans filing claims for jobless benefits and manufacturing activity in the mid-Atlantic region slumping to its lowest level in nearly three years. On the heels of other signals […]

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks slid toward their worst week in a month-and-a-half on Friday and oil nursed losses, while bonds enjoyed their best bid in weeks as U.S. data and earnings showed signs of weakness. Figures showed more Americans filing claims for jobless benefits and manufacturing activity in the mid-Atlantic region slumping to its lowest level in nearly three years. On the heels of other signals […]

WASHINGTON/MANILA (Reuters) – U.S. President Joe Biden will meet his Philippine counterpart Ferdinand Marcos Jr at the White House on May 1 to discuss economic cooperation and the Indo-Pacific region, Manila and Washington said on Friday. The treaty allies have enjoyed warmer ties since Marcos took office last June, reversing his predecessor’s anti-U.S. stance. Next month’s bilateral talks will be the latest in a series of high-level meetings the Philippines […]

WASHINGTON/MANILA (Reuters) – U.S. President Joe Biden will meet his Philippine counterpart Ferdinand Marcos Jr at the White House on May 1 to discuss economic cooperation and the Indo-Pacific region, Manila and Washington said on Friday. The treaty allies have enjoyed warmer ties since Marcos took office last June, reversing his predecessor’s anti-U.S. stance. Next month’s bilateral talks will be the latest in a series of high-level meetings the Philippines […]

By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) – As automakers and chemicals suppliers scramble to secure raw materials, resource-rich Australia has become a rare global bright spot with $37 billion worth of M&A deals in the first quarter, with the trend expected to continue in the near term. The increased dealmaking activity is forecast to be mainly supported by cash-rich miners looking to expand quickly via acquisitions to tap […]

By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) – As automakers and chemicals suppliers scramble to secure raw materials, resource-rich Australia has become a rare global bright spot with $37 billion worth of M&A deals in the first quarter, with the trend expected to continue in the near term. The increased dealmaking activity is forecast to be mainly supported by cash-rich miners looking to expand quickly via acquisitions to tap […]

By Saqib Iqbal Ahmed NEW YORK (Reuters) – As U.S. stocks test the top of a range that has held for months, two widely used analytical styles appear to be painting conflicting scenarios for where they might go next. Technical indicators such as equity price movement largely show stocks are poised to continue a rally that has seen the S&P 500 climb 8% year-to-date, analysts who track them said. Many […]

By Danilo Masoni and Joice Alves MILAN/LONDON (Reuters) – Short-sellers who bet against European banks are set to lose a substantial amount of money in April after the sector bounced back from the shock downfall of Credit Suisse in anticipation of strong quarterly earnings. Investors who set up bearish trades believing the sector’s stock prices would fall further have lost an estimated $1 billion so far this month, according to […]

By Andrew Hay TAOS, New Mexico (Reuters) -New Mexico prosecutors on Thursday said they would drop involuntary manslaughter charges against actor Alec Baldwin in the fatal shooting of cinematographer Halyna Hutchins during filming of the Western movie “Rust” in 2021. The decision came after new evidence surfaced on the gun Baldwin was using that fired the live round that killed Hutchins, according to a person familiar with the investigation. The […]