Town Hall News

By David Morgan, Nandita Bose and Richard Cowan WASHINGTON (Reuters) -Top congressional Republican Kevin McCarthy said on Monday afternoon that talks over raising the U.S. federal government’s $31.4 trillion debt ceiling were “on the right path” hours ahead of a meeting with Democratic President Joe Biden. The president and the speaker of the House of Representatives, McCarthy, have just 10 days to reach a deal to increase the government’s self-imposed […]

WASHINGTON (Reuters) – Tim Scott, the only Black Republican in the U.S. Senate, formally kicked off his 2024 presidential campaign on Monday, betting his upbeat message will sell in a party in which many voters are still firmly behind former President Donald Trump. In a speech to supporters in his hometown of North Charleston, South Carolina, Scott, 57, leaned heavily into his personal experience as the impoverished child of a […]

(Reuters) -The governor of Russia’s Belgorod region said on Monday that a Ukrainian “sabotage group” had entered Russian territory in the Graivoron district bordering Ukraine and was being repelled by Russian forces. The Ukrainian outlet Hromadske cited Ukrainian military intelligence as saying two armed Russian opposition groups, the Liberty of Russia Legion and the Russian Volunteer Corps (RVC), both consisting of Russian citizens, were carrying out the attack. The Telegram […]

(Reuters) – TikTok filed a federal lawsuit on Monday against Montana after the state passed a law banning the short-video app. “We are challenging Montana’s unconstitutional TikTok ban to protect our business and the hundreds of thousands of TikTok users in Montana,” TikTok said in the court filing. (Reporting by Jasper Ward and David Shepardson in Washington, writing by Paul Grant; editing by Eric Beech) Brought to you by www.srnnews.com

(Reuters) – TikTok filed a federal lawsuit on Monday against Montana after the state passed a law banning the short-video app. “We are challenging Montana’s unconstitutional TikTok ban to protect our business and the hundreds of thousands of TikTok users in Montana,” TikTok said in the court filing.   (Reporting by Jasper Ward and David Shepardson in Washington, writing by Paul Grant; editing by Eric Beech) Brought to you by […]

By Daniel Trotta and Rami Ayyub (Reuters) -Seven U.S. states that depend on the overused Colorado River on Monday reached agreement to cut consumption from a river that provides drinking water for 40 million people and irrigation for some of the country’s most bountiful farmland. In the agreement with the Biden administration, announced by the U.S. Department of the Interior, Arizona, California and Nevada will take 3 million acre-feet (3.7 […]

(Reuters) – JPMorgan increased its corporate default rate forecast for all emerging markets to 6% from 5.5% on Monday, citing in particular growing risk among Latin American companies as access to credit markets gets tougher. The bank’s forecasted default rate for Latin American corporates, meanwhile, came in even higher at 6.6%, up from 5%, which if realized will be the highest default rate for the region since 2016. Analysts at […]

By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to pursue federal antitrust claims under the Sherman Act, or claims under the federal Commodity Exchange Act. Investors had accused HSBC, Scotiabank and Deutsche […]

By Herbert Lash (Reuters) -A derivatives committee ruled on Monday that a bankruptcy credit event had not occurred in relation to Credit Suisse, quashing investors’ efforts to trigger a payout on credit insurance linked to the Swiss lender. The ruling was in response to an investor question about $17 billion in senior and subordinated bonds issued by Credit Suisse whose holders were wiped out when the Swiss bank was taken […]