Town Hall News

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares slid on Thursday after a surprise interest rate hike by Bank of Canada brought back fears that U.S. rates could stay higher for longer and the Federal Reserve could remain hawkish when it meets next week. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.48%, while Japan’s Nikkei fell 1%. Australia’s S&P/ASX 200 index eased 0.29%. The downbeat mood looked […]

TOKYO (Reuters) -Japan’s Toshiba Corp said on Thursday its board of directors has decided to recommend shareholders take up a tender offer from a consortium led by private-equity firm Japan Industrial Partners (JIP). Toshiba plans to hold an online press conference to discuss the tender offer at 0400 GMT. The board earlier this year accepted the buyout offer, which would value the conglomerate at 4,620 yen apiece or 2 trillion […]

BEIJING/HONG KONG (Reuters) -China’s largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it owns in a subsidiary. The group in a statement said it “is confident it will defend its legitimate rights”. Two Shanghai court notices dated Monday showed the group cannot trade or otherwise use its shares in property manager Dalian […]

Will Benson crushed his first career home run in the bottom of the ninth, giving the Cincinnati Reds another stunning win over the visiting Los Angeles Dodgers, 8-6 on Wednesday night. After TJ Hopkins drew a leadoff walk in a tie game, Benson sent a 2-2 cutter from Evan Phillips 420 feet deep into the right field bleachers. The long ball capped Benson’s 48th major league game over two seasons. […]

(Reuters) – U.S. solar energy installations soared 47% in the first quarter, according to an industry report published on Thursday, as easing panel supplies alleviated industry gridlock and allowed many stalled big projects to be completed and connected to the grid. The solar industry had its best first quarter ever, installing 6.1 gigawatts (GW), an analysis by research firm Wood Mackenzie and the Solar Energy Industries Association (SEIA) trade group […]

TAIPEI (Reuters) -Taiwan activated its defence systems on Thursday after reporting 37 Chinese military aircraft flying into the island’s air defence zone, some of which then flew into the western Pacific, in Beijing’s latest mass air incursion. China, which views democratically governed Taiwan as its own territory, has over the past three years regularly flown its air force into the skies near the island, though not into Taiwan’s territorial air […]

SHANGHAI (Reuters) – U.S. luxury electric vehicle (EV) maker Lucid Group is preparing to enter the world’s largest auto market, its head of China operations Zhu Jiang said on Thursday. Lucid will sell imported cars in China while also considering local production in the country, according to a person familiar with the matter who was not authorised to speak with media. Zhu confirmed to Reuters that the company was preparing […]

SEOUL (Reuters) -South Korea will discuss with Japan re-establishment of their bilateral foreign exchange swap line that expired in 2015, its finance minister said on Thursday. “Current economic issues, including bilateral and regional financial cooperation, will be discussed at the bilateral finance minister meeting on June 29,” Minister Choo Kyung-ho said, adding that currency swap arrangement was also on the agenda. Choo was speaking at a discussion forum, in response […]

(Reuters) – West Ham United have condemned the behaviour of some of their fans after Fiorentina captain Cristiano Biraghi was left bleeding after being hit by an object thrown from the stands during the Europa Conference League final. Fans threw plastic cups and other objects at Biraghi as he prepared to take a corner during the match in Prague and he had to receive medical attention after being struck on […]