Town Hall News

(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 […]

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 […]

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 […]

By Ruma Paul and Sudarshan Varadhan DHAKA (Reuters) – Bangladesh faced its worst power cuts in over seven months as a deadly storm forced both its floating liquefied natural gas (LNG) terminals shut, less than a month after a scorching heatwave caused widespread outages in the south Asian country. Millions of Bangladeshi citizens have been hit by frequent power cuts in recent months, as erratic weather patterns and high global […]

By Ruma Paul and Sudarshan Varadhan DHAKA (Reuters) – Bangladesh faced its worst power cuts in over seven months as a deadly storm forced both its floating liquefied natural gas (LNG) terminals shut, less than a month after a scorching heatwave caused widespread outages in the south Asian country. Millions of Bangladeshi citizens have been hit by frequent power cuts in recent months, as erratic weather patterns and high global […]

By James Pomfret and Jessie Pang HONG KONG (Reuters) -A Hong Kong newspaper on Thursday scrapped a satirical cartoon after a decades-long run following a series of complaints by authorities, the cartoonist said, in what was seen as the latest blow to media freedom in the China-ruled city. The Ming Pao newspaper said in a notice it would from Sunday scrap the comic strip by Wong Kei-kwan, one of Hong […]

By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by Italy’s Treasury for state lender CDP to join forces with U.S. fund KKR in a deal to buy Telecom Italia’s landline grid (TIM), three sources said on Monday. TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a […]

(Reuters) – Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit, Bloomberg News reported on Tuesday, citing people familiar with the matter. The bank is likely to start communicating with affected bankers as soon as this week, with more than 40 jobs at risk, including those with the capital markets unit, Bloomberg News said. (Reporting by Nilutpal Timsina in Bengaluru) […]

(Reuters) – Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit, Bloomberg News reported on Tuesday, citing people familiar with the matter. The bank is likely to start communicating with affected bankers as soon as this week, with more than 40 jobs at risk, including those with the capital markets unit, Bloomberg News said. (Reporting by Nilutpal Timsina in Bengaluru) […]