Town Hall News

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s export growth slowed in March, dragged down by a drop in China-bound shipments of cars and steel in a slide that underscores concern about slackening global demand amid higher interest rates and Western banking-sector jitters. Import growth outpaced exports in March, due to the hefty cost of coal, crude and oil products, helping bring the annual trade deficit in the world’s third-biggest economy to […]

SHANGHAI (Reuters) – Chinese internet users slated German automaker BMW on Thursday, accusing it of discrimination at the Shanghai auto show amid claims workers at its Mini booth favoured foreign over domestic visitors during an ice cream giveaway promotion. The topic “BMW Mini” became the second most-searched topic on China’s Weibo social media platform, with over 93 million views with users reposting pictures and videos, along with negative comments, of […]

(Reuters) – The Zaporizhzhia nuclear power plant in southern Ukraine which Russia captured last year will stop using U.S.-produced nuclear fuel as quickly as possible, the Interfax news agency quoted a Russian official as saying on Thursday. The biggest nuclear power plant in Europe, mostly built in the Soviet times, originally used Russian nuclear fuel, but Ukraine gradually switched to supplies from Westinghouse after its first conflict with Russia in […]

By Marie Mannes STOCKHOLM (Reuters) -Sweden’s AB Volvo lifted its outlook for key heavy-duty truck markets in Europe and North America this year on Thursday as it reported a 32% year-on-year rise in order intake for the first quarter. The maker of vehicles under brands such as Mack Trucks and Renault as well as its own name had already pre-announced record operating earnings for the first quarter last week that […]

ADEN (Reuters) -At least 78 people were killed in a stampede in the Yemeni capital Sanaa as hundreds gathered in a school to receive aid, witnesses and Houthi media said on Thursday. Several people were injured including 13 who were in critical conditions, Al Masirah TV television news outlet run by the Iran-aligned Houthi movement reported, citing the director of health in Sanaa. The stampede took place during the distribution […]

By Leika Kihara TOKYO (Reuters) – The Bank of Japan is warming to the idea of tweaking its controversial bond yield control policy later this year, but will likely keep settings unchanged at next week’s meeting as it awaits more evidence of sustained wage growth, sources say. Kazuo Ueda chairs his first policy meeting since becoming BOJ governor on April 27-28 and his appointment has heightened expectations the bank will […]

By Rocky Swift TOKYO (Reuters) – The U.S. dollar held gains on Thursday after strong U.S. banking results firmed up expectations that the Federal Reserve will keep monetary policy tight for a while longer, and New Zealand’s dollar slumped after cooler than expected inflation data. The dollar index, which tracks it against abasket of its peers, was little changed at 101.96 after climbing 0.27% on Wednesday. The kiwi slid 0.7% […]

By Amy Tennery HARRISON, N.J. (Reuters) – Lynn Williams and Kristie Mewis combined to give Gotham FC a 1-0 win over Washington Spirit 1-0 in the Challenge Cup on Wednesday and the duo hope to have made an impression on U.S. coach Vlatko Andonovski as he prepares to name his Women’s World Cup squad. U.S. head coach Andonovski must soon submit his 23-player squad for the tournament in Australia and […]

By Summer Zhen HONG KONG (Reuters) – Large China-based fund managers are setting up shop in Hong Kong for the first time, seeking to fill Chinese investors’ appetite for U.S. dollar-based products and international exposure after the country reopened its borders. The foray by China-based funds into Hong Kong kicked off last year as China lifted years of COVID-19 lockdowns, and as high net worth Chinese families were finally able […]