Town Hall News

(Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper. Time is running out to break the impasse on the U.S. government borrowing limit. President Joe Biden is meeting Congressional leaders on Tuesday to try to hash out a compromise to raise the debt limit and avoid a catastrophic default. Short-term government borrowing rates are cranking towards the 6% mark for the first time […]

(Reuters) – Hong Kong Disneyland Resort (HKDL) said on Monday its 2022 revenue jumped 31% as the number of domestic visitors to its attractions hit a record, helping the company shrug off the effects of pandemic-related restrictions. Revenue for the 52-week year ended on Oct. 1, 2022 grew to HK$2.2 billion ($280.29 million), with the net loss narrowing to HK$2.1 billion from a HK$2.4 billion loss a year ago, HKDL […]

By Huseyin Hayatsever and Jonathan Spicer ANKARA (Reuters) -President Tayyip Erdogan led comfortably in the first round of Turkey’s election on Monday, with his rival facing an uphill struggle to prevent him extending his rule into a third decade in a runoff vote on May 28. Turkish assets weakened on the news, which showed Erdogan just below the 50% threshold needed to avoid sending the NATO-member country to a second […]

KYIV (Reuters) – Ukraine’s state security agency has served businessman Dmytro Firtash and top managers of companies he controls with “notices of suspicion” of embezzlement, the Security Service of Ukraine (SBU) said in a statement on Monday. A representative for Firtash, who is currently in Vienna, did not immediately respond to a Reuters request for comment. The SBU said that, acting with the Economic Security Bureau (BEB), it had uncovered […]

By Eduardo Baptista BEIJING (Reuters) -South Korean soccer player Son Jun-ho is being held in police custody in northeast China in connection with a bribery case, a Korean diplomatic source said on Monday. Son was detained on Friday, his 31st birthday. Reuters was unable to reach him for comment. Son plays for the South Korean national team and Chinese Super League club Shandong Taishan, based in the northeastern province of […]

(Reuters) – U.S. stock index futures edged higher on Monday amid optimism that lawmakers will reach an agreement to raise the U.S. debt limit to avoid a catastrophic default, and ahead of speeches by Federal Reserve officials lined up through the week. Over the weekend, President Joe Biden said he expects to meet with congressional leaders on Tuesday and remained optimistic about agreeing on a deal to raise the nation’s […]

(Reuters) -KKR & Co Inc-backed Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on Monday. The U.S. provider of physicians has estimated assets and liabilities in the range of $1 billion to $10 billion each, the company said in a court filing. The company said that it entered into a restructuring support agreement for debt obligations of about $7.7 billion under which its unit […]

By Dan Peleschuk KYIV (Reuters) -Ukraine’s military on Monday hailed recent advances around Bakhmut as its first successful counterattack in the battle against Russian forces fighting for control of the eastern city. But Kyiv also said the situation in Bakhmut was difficult. It cautioned that Moscow had not changed its goal of capturing the city and was sending assault troops to Bakhmut’s outskirts. The Ukrainian military said last week it […]

BEIJING (Reuters) -South Korean soccer player Son Jun-ho has been detained in China on suspicion of bribery, a Korean diplomatic source said on Monday. Son was detained on Friday, the source told Reuters. Son is an international player who represents Chinese Super League club Shandong Taishan, based in the northeastern province of Shandong. News of his detention was first published by Yonhap News. Son was currently in the custody of […]