Town Hall News

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Major economic data from China and Japan, and a central bank rate decision from the Philippines could be the main regional drivers for Asian markets this week, with investors growing increasingly nervous about the U.S. and global macro outlook. World stocks ended last week on a shaky footing as worries about the U.S. […]

By Orhan Coskun, Ece Toksabay and Ali Kucukgocmen ANKARA (Reuters) – Turkey appeared headed for a runoff presidential election after neither Tayyip Erdogan nor rival Kemal Kilicdaroglu cleared the threshold to win outright on Sunday, though Erdogan performed better than expected in his battle to extend his 20-year rule. With more than 96% of ballot boxes counted, Erdogan led with 49.44% of votes and Kilicdaroglu had 44.86%, according to state-owned […]

(Reuters) -Activist investor Engaged Capital is planning a proxy fight for three board seats at high-end burger chain Shake Shack, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Including swaps, Engaged has a roughly 6.6% stake in the chain, the report said. The U.S.-based shareholder activist has determined ways to double the company’s profitability within two years and believes the burger chain should get rid […]

(Reuters) – Four-time All-Star Jayson Tatum is savoring his Boston Celtics’ upcoming Eastern Conference Finals rematch against the Miami Heat, after stomping out the Philadelphia 76ers 112-88 on Sunday with a record-breaking 51 points in Game 7. The Celtics beat the Heat a year ago en route to the NBA Finals, where they lost to the Golden State Warriors. Tatum promised there would be fireworks when their rivalry with Miami […]

(Reuters) -ONEOK Inc agreed to buy U.S. pipeline operator Magellan Midstream Partners in a cash and stock deal valued at around $18.8 billion including assumed debt to diversify in the midstream oil and gas industry, the companies said on Sunday. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit, representing a premium of 22% based on Magellan’s close on May 12. The […]

By Scott Murdoch and Melanie Burton SYDNEY (Reuters) -Australian gold miner Newcrest Mining Ltd said on Monday it would back Newmont Corp’s A$26.2 billion ($17.8 billion) takeover offer in one of the world’s largest buyouts so far this year. The deal, subject to approval from shareholders of both companies and other regulatory hurdles, would lift Newmont’s gold output to nearly double its nearest rival, Barrick Gold Corp, and catapult the […]

(Reuters) – Australia’s Aristocrat Leisure on Monday said it has entered a deal to acquire Israel-based software firm NeoGames S.A. for $1.0 billion as the gambling machine maker seeks to expand its online presence. Aristocrat Leisure said it would pay a cash price of $29.50 per share to the shareholders of NeoGames to buy 100% of the Nasdaq-listed software firm. The takeover would give Aristocrat entry into the attractive iLottery […]

By Orhan Coskun, Ece Toksabay and Ali Kucukgocmen ANKARA (Reuters) – Turkey appeared headed for a runoff presidential election after neither Tayyip Erdogan nor rival Kemal Kilicdaroglu cleared the threshold to win outright on Sunday, though Erdogan performed better than expected in his battle to extend his 20-year rule. With more than 96% of ballot boxes counted, Erdogan led with 49.44% of votes and Kilicdaroglu had 44.86%, according to state-owned […]

(Reuters) – The European armed forces treaty from which Moscow is to withdraw is contrary to Russia’s security interests, Russia’s envoy in charge of the withdrawal said in remarks published early on Monday. Russia’s parliament is to decide on Monday when to formally denounce the Treaty on Conventional Armed Forces in Europe (CFE), following President Vladimir Putin’s decree on May 10. “Any illusions of those who still hoped that Russia […]