Town Hall News

By Casey Hall SHANGHAI (Reuters) – Not only presidents and chief executives are making their way to China to reconnect after three years of border closures, but also international professional wrestlers, who returned this week after the COVID-19 pandemic. China’s professional league, Middle Kingdom Wrestling (MKW), held its championship card of eight bouts on Tuesday evening, featuring both domestic and foreign contestants before a live audience of about 350 fans […]

By Yuka Obayashi and Muyu Xu TOKYO (Reuters) -Oil extended losses on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi Arabia’s surprise weekend pledge to deepen output cuts. Brent crude futures were down 40 cents, or 0.5%, at $75.89 a barrel at 0456 GMT. The U.S. West Texas Intermediate crude futures fell 35 cents, also 0.5%, to $71.39 a barrel. […]

By Humeyra Pamuk JEDDAH, Saudi Arabia (Reuters) – U.S. Secretary of State Antony Blinken met Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday and discussed a wide range of bilateral issues, in an “open, candid” conversation, a U.S. official said. The top U.S. diplomat arrived in Saudi Arabia late on Tuesday for a much anticipated visit amid frayed ties due to deepening disagreements on everything from […]

HONG KONG (Reuters) – A Shanghai court has ordered the freezing of 1.98 billion yuan ($278.18 million) worth of shares in a unit of Dalian Wanda Group, China’s largest commercial property developer. The shares frozen were issued by Dalian Wanda Commercial Management Group, the property management arm of Dalian Wanda Group. According to two court notices dated Monday, the shares worth a total of 1.98 billion yuan were ordered frozen […]

A look at the day ahead in European and global markets from Sonali Desai China’s keenly awaited trade data for May did little to stir markets increasingly inured to weakening momentum in the world’s second-largest economy, although it will fuel further speculation of policy stimulus measures from Beijing. For the record, exports posted a bigger-than-expected drop of 7.5% year-on-year, sending the trade surplus to a 13-month low, while imports remained […]

By Guy Faulconbridge (Reuters) – A huge Soviet-era dam on the Dnipro River that separates Russian and Ukrainian forces in southern Ukraine was breached on Tuesday, unleashing floodwaters across the war zone. Ukraine said Russia had destroyed it, while Russia said Ukraine sabotaged it to cut off water supplies to Crimea and distract attention from a “faltering” counter-offensive. What is the dam, what happened – and what do we not […]

A look at the day ahead in European and global markets from Sonali Desai China’s keenly awaited trade data for May did little to stir markets increasingly inured to weakening momentum in the world’s second-largest economy, although it will fuel further speculation of policy stimulus measures from Beijing. For the record, exports posted a bigger-than-expected drop of 7.5% year-on-year, sending the trade surplus to a 13-month low, while imports remained […]

TOKYO (Reuters) – Goldman Sachs Group plans to establish a desk in Tokyo to start trading Japanese power derivatives, two people familiar with the matter told Reuters on Wednesday. More foreign energy companies and banks are seeking access to the Japanese power market, which was launched in 2016 in the wake of the Fukushima nuclear disaster in 2011, spurring trade activity by generators, consumers, and distributors. An interest in trading […]

A look at the day ahead in European and global markets from Sonali Desai China’s keenly awaited trade data for May did little to stir markets increasingly inured to weakening momentum in the world’s second-largest economy, although it will fuel further speculation of policy stimulus measures from Beijing. For the record, exports posted a bigger-than-expected drop of 7.5% year-on-year, sending the trade surplus to a 13-month low, while imports remained […]