Town Hall News

(Reuters) -Canada Goose Holdings Inc forecast annual sales above Wall Street estimates on Thursday, betting that a sharp rebound in key luxury market China would help the luxury winterwear maker ride out a slowdown in U.S. demand. U.S.-listed shares of the company jumped about 6% in premarket trading. A reversal in China’s strict COVID-19 policy has brought consumers back to stores, encouraging wealthy shoppers to snap up everything from Coach […]

By Steve Holland WASHINGTON (Reuters) – President Joe Biden’s re-election campaign attempted to set the tone for the battle to come on Thursday, saying the incumbent Democrat will have many roads to victory in 2024. Despite polls showing tepid support for the 80-year-old president who would be 86 by the end of a second term, the Biden campaign saw reason for optimism in 2024. The president will seek to repeat […]

By Andrew Hayley XIAN, China (Reuters) – Central Asian heads of state converged in China’s historic city of Xian on Thursday for one-on-ones with Chinese leader Xi Jinping to seal pledges of “enduring” friendship, paving the way for a summit expected to result in a regional pact with Beijing. The bilaterals set the stage for a group huddle on Friday, the first in-person gathering of the six leaders, where Xi […]

By Alan Baldwin LONDON (Reuters) – McLaren have urged Formula One to change the cost cap rules to help teams promote sustainability without compromising performance. McLaren Racing boss Zak Brown said on Thursday that teams should not have to choose between spending on car performance and sustainability initiatives that were currently included in the cost cap. “We strongly believe in the cost cap and wouldn’t want to see anything that […]

(Adds dropped word “not” in paragraph 7) (Reuters) – A Florida judge ruled in favor of Tiger Woods on Wednesday, rejecting his former girlfriend Erica Herman’s request to nullify a non-disclosure agreement she signed when they began dating in 2017, U.S. media reported, citing court documents. Herman had asked a judge to void the agreement, citing a recent law that limits enforcing such agreements in sexual harassment and assault cases. […]

(Removes extraneous word in paragraph 11) By Andrew Hayley XIAN, China (Reuters) -Central Asian heads of state converged in China’s historic city of Xian on Thursday for one-on-ones with Chinese leader Xi Jinping to seal pledges of “enduring” friendship, paving the way for a summit expected to result in a regional pact with Beijing. The bilaterals set the stage for a group huddle on Friday, the first in-person gathering of […]

By Shadia Nasralla LONDON (Reuters) -Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 37 cents, or 0.5%, to $76.59 a barrel as of 0841 GMT. U.S. West Texas Intermediate crude dropped 34 cents, or 0.5%, to $72.49 a barrel. A sharp […]

TOKYO (Reuters) – Japan’s government estimates it needs to raise about 3 trillion yen ($22.2 billion) in funds per year for the child care policy Prime Minister Fumio Kishida has put forward, Jiji news agency reported on Thursday. The government in March laid out the plan to boost child care over the coming three years to reverse the country’s declining birthrate, but how to finance the major spending package has […]

(This May 17 story has been corrected to clarify that the token is called XRP, not Ripple, in paragraph 9) By Elizabeth Howcroft LONDON (Reuters) – U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday. Metaco makes technology which allows financial institutions to store and manage digital assets. Its clients include Citi, BNP Paribas, and Societe […]