Town Hall News

By Michael Martina WASHINGTON (Reuters) -U.S. corporate due diligence firm Mintz Group’s Beijing office was raided by authorities and five Chinese staff were detained, a source with the company told Reuters on Thursday. The source for the New York-headquartered firm told Reuters on condition of anonymity that the company’s local legal counsel said the raid occurred on the afternoon of March 20, and that the employees were being held incommunicado […]

SHENZHEN, China – Huawei Technologies Co Ltd has made breakthroughs in electronic design automation (EDA) tools for chips employing 14 nanometres-plus technology, Caijing financial news magazine reported on Friday, citing a Feb. 28 speech by a senior Huawei executive. (Reporting by David Kirton; Editing by Christopher Cushing) Brought to you by www.srnnews.com

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Thursday denied Archegos Capital Management LP founder Bill Hwang’s effort to dismiss an indictment accusing him of fraud in the collapse of his once-$36 billion firm. U.S. District Judge Alvin Hellerstein in Manhattan rejected arguments that the 11-count indictment should be tossed because prosecutors deceived Hwang into cooperating with their probe and because Hwang’s trading activity had been lawful. Hwang […]

By Michael Martina WASHINGTON (Reuters) -A new U.S. congressional committee on China held its second hearing on Thursday, highlighting what Washington says is an ongoing genocide against Uyghurs and other ethnic minorities in China’s Xinjiang region. Rights groups accuse Beijing of abuses, including forced labor, mass surveillance and having placed 1 million or more Uyghurs – a mainly Muslim ethnic group – in a network of internment camps in Xinjiang. […]

By Navya Mittal (Reuters) – Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated its user numbers and understated its customer acquisition costs. Block said the report was “factually inaccurate and misleading” and that it was exploring legal action against the short-seller. Shares of the San Francisco-headquartered company, which has a secondary listing […]

MANILA (Reuters) – Maritime issues between the Philippines and China play an important part in relations between the countries, senior officials from the countries said on Friday, as both sides pledged to work together to resolve differences. Tensions between the neighbours have recently flared up over what Manila described as “aggressive activities” by China in the South China Sea. Beijing, which claims large parts of the South China Sea including […]

By Navya Mittal (Reuters) -Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated its user numbers and understated its customer acquisition costs. Block said the report was “factually inaccurate and misleading” and that it was exploring legal action against the short-seller. Shares of the San Francisco-headquartered company, which has a secondary listing in […]

RIO DE JANEIRO (Reuters) – At least 13 people were killed in clashes with police just outside Brazil’s seaside city of Rio de Janeiro after a raid to arrest a gang leader, police said on Thursday, marking another bloody episode in the sprawling metro area. The clashes took place in the working-class Salgueiro neighborhood in the city of Sao Goncalo, northeast of Rio de Janeiro, Brazil’s second-largest city. According to […]

By Lucy Craymer WELLINGTON (Reuters) – New Zealand Foreign Minister Nanaia Mahuta said she will discuss concerns about key regional and global security challenges when she meets with her Chinese counterpart, foreign minister Qin Gang in Beijing Friday. Mahuta arrived in China on Wednesday for a four-day trip, the first by a New Zealand minister since 2019, and has been meeting with business and women leaders before her meeting with […]