Town Hall News

By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&T, while investors sought clarity on the path of interest rates. Tesla shares tumbled after the electric vehicle maker posted its lowest quarterly gross margin in two years and signaled it would continue to slash prices. AT&T shares dropped after the wireless carrier […]

By Ismail Shakil OTTAWA (Reuters) -The impact of higher U.S. interest rates on the Canadian dollar is not a “major concern,” and the Bank of Canada (BoC) would have to react only if there is a substantial depreciation of the loonie, Governor Tiff Macklem said on Thursday. Macklem, appearing before a Canadian Senate committee, was asked if the Federal Reserve’s continuing to raise rates could lead to the weakening of […]

(Reuters) -The governor of the giant Russian territory of Krasnoyarsk has quit, authorities said on Thursday, shortly after his businessman son dodged Italian authorities trying to extradite him to the United States and fled to Russia. President Vladimir Putin signed a decree accepting the resignation of Alexander Uss but gave no details. His son, Artem Uss, was due to face charges in the U.S. for shipping oil from Venezuela in […]

By Davide Barbuscia NEW YORK (Reuters) – A debt ceiling fight is looming in the U.S. yet again, giving investors another worry for markets this year. The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, analysts have said, pulling forward the risk of a debt default that could have wide repercussions across global financial markets. Recurring legislative standoffs over the debt limits this […]

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. seeks “constructive and fair” economic ties with China, but will protect its national security interests and push back against Chinese actions to dominate foreign competitors, Treasury Secretary Janet Yellen said on Thursday. Speaking at Johns Hopkins University’s School of Advanced International Studies, Yellen laid out the Biden administration’s principal objectives for what she called an “essential” economic relationship between the […]

ROME (Reuters) – A U.S.-born princess was evicted on Thursday from a Roman villa featuring the only known fresco by Italian baroque artist Caravaggio, and denounced her ousting as a travesty of justice. “I am being brutally evicted from a home which I have lovingly taken care of for the past 20 years,” Princess Rita Jenrette Boncompagni Ludovisi said on Twitter shortly before leaving her home along with her four […]

(Reuters) -The governor of the giant Russian territory of Krasnoyarsk has quit, authorities said on Thursday, shortly after his businessman son dodged Italian authorities trying to extradite him to the United States and fled to Russia. President Vladimir Putin signed a decree accepting the resignation of Alexander Uss but gave no details. His son, Artem Uss, was due to face charges in the U.S. for shipping oil from Venezuela in […]

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. seeks “constructive and fair” economic ties with China, but will protect its national security interests and push back against Chinese actions to dominate foreign competitors, Treasury Secretary Janet Yellen said on Thursday. Speaking at Johns Hopkins University’s School of Advanced International Studies, Yellen laid out the Biden administration’s principal objectives for what she called an “essential” economic relationship between the […]

WASHINGTON (Reuters) -U.S. President Joe Biden spoke by phone on Thursday with French President Emmanuel Macron and discussed Macron’s state visit to China, the White House said, a week after Macron’s remarks following the visit raised eyebrows in Washington “They reaffirmed the importance of maintaining peace and stability across the Taiwan Strait. The Presidents also reiterated their steadfast support for Ukraine in the face of Russia’s brutal aggression,” the White […]