Town Hall News

By Selena Li HONG KONG (Reuters) -Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse AG’s $17 billion Additional Tier 1 bonds wipeout had “profound” implications for global bank regulations. Winters told a financial forum in Hong Kong the U.S. Federal Reserve move to guarantee non-insured deposits was a “moral hazard”. As part of the deal for UBS Group AG to take over Credit Suisse, the Swiss regulator […]

HONG KONG (Reuters) – UBS promised retention packages to wealth management staff in Asia at Credit Suisse, two people with knowledge of the matter said, as the bank tries to stem a talent exodus after the takeover of its former Swiss rival. In a town hall address in Hong Kong on Friday, Iqbal Khan, UBS’s president for global wealth management, also focussed on stabilising Credit Suisse Asia team and boosting […]

By Yuka Obayashi and Trixie Sher Li Yap (Reuters) -Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. Brent crude fell 24 cents, or 0.32%, to $75.67 a barrel by 0412 GMT, while U.S. West Texas Intermediate crude futures slipped 24 cents, 0.34%, to $69.72 a barrel. Both benchmarks, […]

MADRID (Reuters) – A forest fire raged in eastern Spain on Thursday, forcing hundreds of people to evacuate from nearby villages and sending huge plumes of smoke into the air. Firefighters were alerted about the blaze near Villanueva de Viver in the region of Valencia just before 1 p.m. (1200 GMT). Ten airplanes were fighting to put out the blaze, which had forced the evacuation of the villages of three […]

By Soo-hyang Choi and Ju-min Park SEOUL (Reuters) -North Korea has tested a new nuclear-capable underwater attack drone, state media reported on Friday, as leader Kim Jong Un warned joint military drills by South Korea and the U.S. should stop. During the test, the new North Korean drone cruised underwater at a depth of 80 to 150 metres (260-500 feet) for over 59 hours and detonated a non-nuclear payload in […]

(Reuters) – U.S. cybersecurity firm Fortra said suspicious activity was identified within its GoAnywhere software nearly two months ago, a day after Rio Tinto in a staff memo said personal data of some of its Australian employees may have been stolen. The internal memo seen by Reuters on Thursday revealed payroll information, like payslips and overpayment letters, of a small number of the mining giants’ Australian employees from January 2023 […]

(Reuters) -Americans Jessica Pegula and Coco Gauff secured straight-sets victories over Canadians on Thursday to book their spots in the third round of the Miami Open, while Indian Wells champion Elena Rybakina battled to a win over Anna Kalinskaya. Third seed Pegula beat qualifier Katherine Sebov 6-3 6-1 and will next face fellow American Danielle Collins, while sixth seed Gauff eased past Rebecca Marino 6-4 6-3 to set up a […]

(Reuters) -Americans Jessica Pegula and Coco Gauff secured straight-sets victories over Canadians on Thursday to book their spots in the third round of the Miami Open, while Indian Wells champion Elena Rybakina battled to a win over Anna Kalinskaya. Third seed Pegula beat qualifier Katherine Sebov 6-3 6-1 and will next face fellow American Danielle Collins, while sixth seed Gauff eased past Rebecca Marino 6-4 6-3 to set up a […]

By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -The U.S. military carried out multiple air strikes in Syria on Thursday night against Iran-aligned groups who it blamed for a deadly drone attack that killed an American contractor, injured another and wounded five U.S. troops earlier in the day, the Pentagon said. Both the attack on U.S. personnel and the retaliation were disclosed by the Pentagon at the same time late […]