Town Hall News

BUCHAREST (Reuters) – An ethnic Hungarian party is quitting Romania’s governing coalition in a row over cabinet posts, it said on Wednesday, further destabilising the country’s already volatile political landscape. The UDMR has tended to serve as a bridge between the coalition’s main two parties, the leftist Social Democrats and the centre-right Liberals. Former rivals, the two mainstream parties have a parliamentary majority without the UDMR, but they have often […]

By Winni Zhou, Tom Westbrook and Brenda Goh SHANGHAI/SINGAPORE (Reuters) – Bond markets are putting Chinese and global rates on opposite paths, speculating on cuts in China against hikes in the U.S. and prompting banks and Chinese companies to prepare for a weaker currency as Beijing rolls out more stimulus. The yuan fell past the closely-watched seven-per-dollar level last month and hasn’t stopped, as China’s post-pandemic economic recovery falters amid […]

SHANGHAI (Reuters) – Global investment houses have rushed to downgrade forecasts for the Chinese yuan after it weakened past the closely watched 7 per dollar level, pressured by widening yield differentials with the United States and signs that Beijing is ready to roll out more stimulus to support a bumpy post-COVID economic recovery. The yuan has lost nearly 4% to the dollar so far this year, making it one of […]

LONDON (Reuters) – Entain shares fell to the bottom of the London blue-chip index on Wednesday after the betting company announced deal to buy Poland-based sports betting operator STS holdings. Entain shares fell 10% to their lowest since March 29, in their biggest daily decline in four months. After the European market close on Tuesday, the sports-betting and gaming company said it will pay 24.8 Polish zlotys ($5.97) for each […]

By Tom Sims FRANKFURT (Reuters) -Greenpeace activists scaled Deutsche Bank’s headquarters in Frankfurt on Wednesday and strung up a large yellow banner to protest against the climate investment policies of the German lender and its asset management company DWS. The action came a day ahead of the annual shareholder meeting of DWS, which is mostly owned by Deutsche Bank and has drawn attention from activists and regulators over allegations that […]

SYDNEY (Reuters) – Australia’s central bank will pay out just over A$1 million in back pay after an internal review found on Wednesday the bank had systematically underpaid more than a thousand current and former employees. A review into the Reserve Bank of Australia’s (RBA) “more complex remuneration arrangements” identified 1,173 current and former staff owed roughly A$1.15 million ($777,975), according to a statement on Wednesday. Most of the money […]

MOSCOW (Reuters) -A former campaign leader for jailed Russian opposition leader Alexei Navalny was sentenced to seven years and six months in prison on Wednesday for “creating an extremist organisation”, rights group OVD-Info said. Navalny supporters reacted with outrage to the sentence against Liliya Chanysheva, the former campaign chief for Navalny in the Urals city of Ufa. Navalny aide Lyubov Sobol called it a political verdict, saying President Vladimir Putin […]

LONDON (Reuters) – British police were questioning a man on suspicion of murder Wednesday as they sought the motive for a stabbing and van attack in the central English city of Nottingham which had left three people dead and another critical. Two 19-year-olds, a man and a woman who were university students, were found dead on a city centre street with stab wounds after police were alerted at about 4 […]

LONDON (Reuters) – British police were questioning a man on suspicion of murder Wednesday as they sought the motive for a stabbing and van attack in the central English city of Nottingham which had left three people dead and another critical. Two 19-year-olds, a man and a woman who were university students, were found dead on a city centre street with stab wounds after police were alerted at about 4 […]