Town Hall News

By Gleb Garanich and Sergiy Karazy KYIV (Reuters) -Russia unleashed an air strike of “exceptional” intensity on Kyiv early on Tuesday, but Ukraine said it shot down all 18 missiles fired at it overnight including six hypersonic missiles. Bright flashes lit up the night sky over Kyiv during the eighth air attack on the capital this month. City authorities did not immediately report any major damage and said only three […]

BEIJING (Reuters) – Two Chinese warships have ventured into the Western Pacific for live-fire exercises, the military said on Tuesday, shortly after one of China’s two aircraft carriers returned from a patrol, in its latest projection of force into more distant waters. The destroyer Dalian and guided-missile frigate Huangshan sailed to an unidentified area of the West Pacific “not long ago” and conducted attack and defence drills, the Southern Theatre […]

BEIJING (Reuters) – A South Korean citizen, whom South Korea’s government identified as soccer player Son Jun-ho, is suspected of accepting bribes and has been detained by the public security department of Liaoning province, China’s foreign ministry said on Tuesday. Son, detained on Friday, is being held in police custody in northeast China in connection with a bribery case, a South Korean diplomatic source said on Monday. Reuters was unable […]

By Byron Kaye SYDNEY (Reuters) – Australia’s big banks are pivoting to what analysts say could be a risky fight for growth in the country’s unloved business loans market as a price war ends a decade-long profit bonanza in the mortgage sector. The country’s four largest lenders said this month they would redirect capital and staff to the business banking sector after competition for mortgages wiped out the margin benefits […]

(Reuters) -Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter. The cuts would mainly impact the investment banking and capital markets business in the region, not including Japan. A Morgan Stanley spokesperson declined to comment. The job cuts are part of a global reduction in light of market conditions and to reduce […]

(Reuters) -Nelson Peltz, the activist investor who launched and then gave up a proxy fight earlier this year at Walt Disney Co, has recently added to his stake in the company, Bloomberg News reported on Monday. Peltz-owned Trian Fund Management has purchased roughly 500,000 more shares since the end of March, giving it a total of 6.4 million, the report said, citing a person familiar with the matter. The fund […]

(Reuters) -Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter. The cuts would mainly impact the investment banking and capital markets business in the region, not including Japan. A Morgan Stanley spokesperson declined to comment. The job cuts are part of a global reduction in light of market conditions and to reduce […]

PARIS (Reuters) – Paris airports company Groupe ADP has become Paris 2024 Olympics and Paralympics official partner, organisers said on Tuesday. “The group, which welcomes nearly 90 million passengers each year in Paris, will put its expertise in terms of reception at the service of the athletes, the Olympic family and spectators from all over the world,” Paris 2024 said in a statement. “This partnership is a proud and meaningful […]

NEW DELHI (Reuters) – India’s drug regulator has proposed testing cough syrups in government laboratories before they are exported, media outlet News18.com reported on Tuesday, after Indian-made syrups were linked to dozens of deaths in Gambia and Uzbekistan last year. India’s health ministry received the proposal from the Central Drugs Standard Control Organisation(CDSCO) this month and is considering it, the news website quoted an unidentified ministry official as saying. “The […]