Town Hall News

TOKYO (Reuters) -Japan and the United States are likely to issue a joint statement on semiconductor and advanced technology cooperation on Friday, the Yomiuri daily newspaper reported without disclosing where it obtained the information. Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura and U.S. Secretary of Commerce Gina Raimondo will meet in the U.S. city of Detroit where Nishimura is attending the 2023 APEC Ministers Responsible for Trade Meeting […]

By Yuka Obayashi and Mayu Sakoda TOKYO (Reuters) -Nippon Steel Corp is still in talks with Teck Resources, despite Glencore’s bid for the Canadian miner, as Japan’s top steelmaker remains eager to take a stake in Teck’s high-grade coking coal asset, a senior executive said.     “We are still negotiating with Teck toward making an equity investment in coal assets,” executive vice president Takahiro Mori told Reuters in an interview on […]

By Rae Wee SINGAPORE (Reuters) – The dollar stood near a two-month high against its major peers on Friday and was headed for a third weekly gain on expectations that U.S. interest rates could remain higher for longer than initially expected. Jitters over debt ceiling negotiations between U.S. President Joe Biden and top congressional Republican Kevin McCarthy also continued to cast a shadow over market sentiment, with just a week […]

SEOUL (Reuters) – Hyundai Motor announced on Friday it plans to invest 1.43 trillion won ($1.1 billion) to build an electric battery joint venture with LG Energy Solution in North America. The joint venture will invest a total of 5.7 trillion won over the next six years to gain competitiveness in the North America automotive market, the company said in a regulatory filing. ($1 = 1,320.9300 won) (Reporting by Hyunsu […]

SYDNEY (Reuters) – Australian retail sales were flat in April as consumers, in the face of high cost of living and rising interest rates, curbed spending on food and eating out. Data from the Australian Bureau of Statistics (ABS) on Friday showed retail sales were unchanged in April from March, when they rose 0.4%. Analysts had looked for a 0.2% growth. Sales of A$35.26 billion ($23.92 billion) were up 4.2% […]

Sloane Stephens won a marathon three-setter and top seed Martina Trevisan was forced to retire on Thursday in the quarterfinals of the Grand Prix Son Altesse Royale La Princesse Lalla Meryem in Rabat, Morocco. Stephens outlasted fellow American Peyton Stearns 6-7 (4), 6-3, 7-6 (6) in 2 hours and 46 minutes. Stephens overcame five double faults and saved 7 of 13 break points. She converted just 28 percent of her […]

By Yuka Obayashi and Mayu Sakoda TOKYO (Reuters) -Nippon Steel Corp is still in talks with Teck Resources, despite Glencore’s bid for the Canadian miner, as Japan’s top steelmaker remains eager to take a stake in Teck’s high-grade coking coal asset, a senior executive said.     “We are still negotiating with Teck toward making an equity investment in coal assets,” executive vice president Takahiro Mori told Reuters in an interview on […]

Chilean Nicolas Jarry rallied to upset top-seeded Casper Ruud of Denmark 3-6, 7-6 (2), 7-5 in the quarterfinals of the Gonet Geneva Open on Thursday. Jarry laced 12 aces and won 82.4 percent of his first serves (42 of 51) to advance to the semifinals. He’ll play No. 3 seed Alexander Zverev of Germany, who advanced when China’s Yibing Wu retired in the first set. Zverev was leading 4-1. Second-seeded […]

By Sinéad Carew and Stephen Nellis NEW YORK/SAN FRANCISCO (Reuters) – The Philadelphia semiconductor index hit its highest level in more than a year on Thursday and eyed its biggest one-day percentage gain in six months with artificial intelligence (AI) taking center stage after Nvidia Corp wowed investors with financial targets that blew past analyst expectations. The semi index was last up 6.3% after hitting its highest level since early […]