Town Hall News

WASHINGTON (Reuters) -President Joe Biden has canceled a visit to Australia, the second leg of his upcoming Asia trip, due to the slow-motion crisis building in Washington over the U.S. debt ceiling, a source familiar with his plans said on Tuesday. Biden is to attend a three-day summit of G7 leaders that starts on Friday, and will return to the United States on Sunday, the source said. He was scheduled […]

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday after a disappointing forecast from Home Depot and U.S. retail sales data for April pointed to softer consumer spending, while uncertainty about interest rates and debt limit negotiations weighed on sentiment. Home Depot declined as the biggest drag on the Dow Industrials and was among the heaviest weights on the S&P 500 after the home improvement […]

By Isla Binnie NEW YORK (Reuters) -Japanese investment bank Nomura has hired two investment bankers to lead its coverage of mobility and automotive clients in Europe and the United States through its sustainability-focused Greentech division. Former self-driving truck company executive Richard Hawwa started in San Francisco last week, and Alex Bleck will move to lead the bank’s team in Frankfurt from his previous role at Deutsche Bank AG in July, […]

(Reuters) – Qatar’s Sheikh Jassim bin Hamad al-Thani made an improved final offer for Manchester United in an attempt to see off his main rival British petrochemicals billionaire Sir Jim Ratcliffe, The Times reported on Tuesday. (Reporting by Urvi Dugar in Bengaluru; Editing by Shinjini Ganguli) Brought to you by www.srnnews.com

By Blake Brittain (Reuters) – A group of companies including General Electric Co, Ikea Supply AG and Home Depot Inc on Tuesday defeated a request by the University of California for a U.S. appeals court to block imports of light bulbs that allegedly infringe its patents. The U.S. Court of Appeals for the Federal Circuit affirmed the U.S. International Trade Commission’s decision that the companies’ light bulbs did not include […]

By Patricia Zengerle, Idrees Ali and Michael Martina WASHINGTON (Reuters) -Three of President Joe Biden’s cabinet members testified on China policy at a U.S. Senate hearing on Tuesday, a rare joint appearance where they warned that proposed budget cuts would undermine Washington’s ability to compete with the Asian power. Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin and Secretary of Commerce Gina Raimondo appeared at a Senate Appropriations […]

HAVANA (Reuters) – Cuba announced on Tuesday measures that ease restrictions on its citizens living abroad as the communist-run nation continues to grapple with an unprecedented exodus of migrants to the United States. The foreign ministry said passports would be valid for 10 years, instead of six, for Cubans over 16 years of age, and cut by more than half the costs associated with renewing the travel documents off-island. The […]

WASHINGTON (Reuters) – The Internal Revenue Service on Tuesday said it would launch a free, government-provided direct tax filing option next year, which could lead to the full-scale launch of an IRS filing system that would compete with private tax preparers. The IRS said in an exploratory report to Congress on the issue that a majority of American taxpayers have indicated in surveys and in other research that they are […]

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s Finance Ministry is preparing a new set of initiatives to increase tax revenue, including a review of deductions and exemptions for income tax on individuals, according to three sources familiar with the matter. The potential measures aim to shore up Brazil’s fiscal stability as leftist President Luiz Inacio Lula da Silva seeks to direct more money to the poor and […]