Town Hall News

CAIRO (Reuters) -The foreign ministers of Iran and Saudi Arabia met in China for the first formal meeting of their most senior diplomats in more than seven years, Saudi state-run Al Ekhbariya television said, under a deal to revive ties between the regional powers. After years of hostility that fuelled conflicts across the Middle East, Tehran and Riyadh agreed to end their diplomatic rift and re-open embassies in a major […]

CAIRO (Reuters) -The foreign ministers of Iran and Saudi Arabia met in China for the first formal meeting of their most senior diplomats in more than seven years, Saudi state-run Al Ekhbariya television said, under a deal to revive ties between the regional powers. After years of hostility that fuelled conflicts across the Middle East, Tehran and Riyadh agreed to end their diplomatic rift and re-open embassies in a major […]

By Rocky Swift TOKYO (Reuters) – The dollar crept higher on Thursday but stood near a two-month low as traders weighed how pivotal U.S. jobs data coming out on a stock trading holiday would impact Federal Reserve policy, after a raft of data this week pointed to a cooling economy. The closely watched U.S. non-farm payrolls report on Friday, when many markets globally are closed, will follow disappointing services sector […]

Bobby Portis scored 27 points and grabbed 13 rebounds and Brook Lopez added 26 points as the short-handed Milwaukee Bucks took down the visiting Chicago Bulls 105-92 on Wednesday to clinch the No. 1 seed in the Eastern Conference playoffs. Milwaukee also got 20 points, 15 assists and eight rebounds from Jrue Holiday, the only member of the Bucks’ Big Three to play for a majority of the night. Giannis […]

SHANGHAI/SINGAPORE (Reuters) – Morgan Stanley said on Thursday it looks forward to setting up a futures company in China after the country’s securities regulator accepted its application. China Securities Regulatory Commission (CSRC) accepted Morgan Stanley’s application to open up a futures business in the world’s second-largest economy on Monday, according to CSRC’s website. A Morgan Stanley spokesperson said the bank “looks forward to establishing a futures company in China as […]

(Reuters) – Private-equity group KKR is nearing a deal to buy a large stake in FGS Global that will value the financial communications company at about $1.4 billion, the Financial Times reported on Thursday. The deal could be announced as soon as next week, the FT report said, marking the latest significant investment by buyout groups into the niche sector of communications. FGS Global is backed by British advertising group […]

By Nupur Anand and Koh Gui Qing NEW YORK (Reuters) – For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be rejigging offers in an effort to keep customers’ cash parked in their accounts for longer. U.S. banks are trying to woo depositors by offering […]

(Reuters) – U.S. President Joe Biden and Prime Minister Justin Trudeau of Canada called on Wednesday for the immediate release of a Wall Street Journal reporter arrested in Russia on spying charges. Russia’s Federal Security Service said reporter Evan Gershkovich, a U.S. citizen, was arrested last week because he was “suspected of spying in the interests of the American government”. The Wall Street Journal denied Gershkovich was spying. The White […]

LONDON (Reuters) – West Ham United manager David Moyes is in “no doubt” he still has the support of the club’s board despite Wednesday’s 5-1 thrashing by Newcastle United dragging them further into the Premier League relegation battle. The majority of home fans left the stadium before the final whistle and those who remained booed loudly as the team recorded only two shots on target. West Ham are 15th on […]