Town Hall News

TAIPEI/BEIJING (Reuters) -The U.S. warship USS Milius sailed through the Taiwan Strait on Sunday, in what the U.S. Navy described on Monday as a “routine” transit, just days after China ended its latest war games around the island. China, which views Taiwan as its own territory, officially ended its three days of exercises around Taiwan last Monday where it practiced precision strikes and blockading the island. It staged the drills […]

SYDNEY (Reuters) – Australia’s Treasurer on Monday said he was close to announcing details of a wide-ranging review into the country’s central bank which would require legal changes for some steps, underlining the scope of the shake-up. Treasurer Jim Chalmers said the independent review had provided 51 recommendations for changing how the Reserve Bank of Australia (RBA) operates and formulates policy. Chalmers has already consulted on the proposals with RBA […]

By Dhara Ranasinghe, Samuel Indyk and Alun John LONDON (Reuters) -European equity markets are basking in a glow that even greater uncertainty unleashed by turmoil in the banking sector appears not to be able to dim. Having started the year on a strong footing as the energy crisis abated and China’s economy reopened from COVID-related lockdowns, European shares, like others, took a step back after the collapse of two U.S. […]

By Michael Church HONG KONG (Reuters) – Talking points from the week in Asian football: MELBOURNE CITY COMPLETE A-LEAGUE PREMIERSHIP THREE-PEAT Melbourne City secured a third successive A-League Premiership on Sunday after Western United’s 1-0 win over Adelaide United meant Rado Vadosic’s side could not be overtaken with two games remaining of the regular season. City have secured a place in the semi-finals while Adelaide, Central Coast and Western Sydney […]

Jimmy Butler had 35 points and 11 assists, and the visiting Miami Heat defeated the Milwaukee Bucks — who played most of the game without Giannis Antetokounmpo — 130-117 in Game 1 of an Eastern Conference first-round playoff series Sunday. Bam Adebayo scored 22 points for the eighth-seeded Heat, who were playing less than 48 hours after qualifying for the playoffs by beating Chicago in a play-in elimination game. Kevin […]

SEOUL (Reuters) -North Korea held a ceremony on Sunday to celebrate the completion of 10,000 new modern homes in the newly built Hwasong District in Pyongyang, state media KCNA reported. Leader Kim Jong Un took part in the ceremony, the report said, as well as a number of senior government officials including Kim Tok Hun, premier of the cabinet. The milestone comes two months after Kim broke ground in February […]

BENGALURU (Reuters) – Infosys Ltd shares slumped nearly 15% on Monday and dragged stocks of peers, after the IT services exporter’s dismal revenue outlook highlighted the impact of banking turmoil in major markets, the United States and Europe. Infosys’ outlook followed a disappointing quarterly report from larger rival Tata Consultancy Services, highlighting worries for the sector which earns more than 25% of its revenue from just the U.S. and European […]

MUMBAI (Reuters) – At least eleven people died on Sunday after suffering from sunstroke at an event attended by India’s home minister on the outskirts of Mumbai, the chief minister of Maharashtra state said. Hundreds of thousands of people attended an award function on Sunday afternoon where federal home minister Amit Shah presented an award to a well-known social activist, on the outskirts of the country’s financial capital of Mumbai […]

(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a careful start to the week in Asia with stocks and bonds little changed and the dollar holding most of Friday’s bounce. The caution is understandable given the week holds updates on Chinese economic growth and global PMIs, along with the Fed’s Beige book and at least eight Fed speakers. Analysts are […]