Town Hall News

LONDON (Reuters) – There are some signs of de-dollarisation emerging right now, but the dollar should retain its “large footprint” for the foreseeable future, JPMorgan currency strategists said in a note on Monday. “Putting together various measures, overall USD usage remains within its historical range with the dollar at top of the pack, but usage is bifurcated under the hood,” strategists Meera Chandan and Octavia Popescu at the Wall Street […]

By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default with just two days to spare. The House of Representatives and the Senate passed the legislation this week after Biden and House of Representatives Speaker Kevin McCarthy reached an agreement following tense negotiations. The Treasury Department had warned it would […]

By Jatindra Dash KHARAGPUR, India (Reuters) – India’s official investigation into its deadliest rail crash in over two decades began on Monday, after preliminary findings pointed to signal failure as the likely cause for a collision that killed at least 275 people and injured 1,200. The disaster struck on Friday, when a passenger train hit a stationary freight train, jumped the tracks and hit another passenger train passing in the […]

(Reuters) – Manchester City’s Rodri says he is playing his best soccer as his team bids to claim a historic treble when the Premier League champions face Inter Milan in Saturday’s Champions League final. The 26-year-old Spanish midfielder and his team mates can achieve sporting immortality against Inter in Istanbul, where City can be crowned European champions for the first time and match arch-rivals Manchester United’s 1998-99 still treble. Rodri […]

By John Revill ZURICH (Reuters) -UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier this year. The deal’s completion is subject to the registration statement, which covers shares to be delivered, being declared effective by the U.S. Securities and Exchange Commission, and other remaining closing conditions, […]

SHANGHAI/SINGAPORE (Reuters) – Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging AI technology that has sparked a global frenzy since the release of the widely popular Microsoft-backed OpenAI chatbot. Quants’ focus on advanced artificial intelligence to aid decision-making comes amid a tough investment environment, as China’s post-COVID recovery wanes and competition rises in the country’s 20 trillion yuan ($3 trillion) private fund industry. “ChatGPT […]

ROME (Reuters) – Italian Cardinal Matteo Zuppi, who has been tasked by Pope Francis to carry out a peace mission to try to help end the war in Ukraine, will visit Kyiv on June 5-6, the Vatican said in a statement on Monday. (Reporting by Alvise Armellini, editing by Cristina Carlevaro) Brought to you by www.srnnews.com

By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices were up $1 a barrel on Monday after top global exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting the macroeconomic headwinds that have depressed markets. Brent crude futures were at $77.15 a barrel, up $1.02, or 1.3%, at 0645 GMT after earlier hitting a session-high of $78.73 a barrel. U.S. West […]

By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia on Monday named at least 67 current and former staff involved in the leak of confidential government tax plans in an unpublished letter to lawmakers ahead of parliamentary hearings later this week. PwC, one of the world’s “big four” audit and advisory firms, is battling to contain the fall-out from a scandal in Australia, after a former partner who had been […]