Town Hall News

By Anirban Sen NEW YORK (Reuters) -A consortium comprising Elliott Investment Management, Patient Square Capital and Veritas Capital is nearing a deal to acquire Syneos Health Inc, a provider of clinical research to drug developers, for more than $7 billion, including debt, people familiar with the matter said. The consortium will pay about $43 per share in cash for Syneos, the sources said. This represents a 14% gain to Syneos’ […]

By Stephanie Kelly (Reuters) – Oil prices slipped in early trade on Wednesday after industry data showed a surprise build in U.S. crude stocks, while investors awaited U.S. inflation data for April that could give direction for the Federal Reserve’s next rate decision. Brent crude dropped 16 cents to $77.28 a barrel at 0008 GMT, while U.S. West Texas Intermediate (WTI) crude dipped 20 cents to $73.51, paring gains from […]

(Reuters) – India plans to reopen the application process for $10 billion in incentives and assistance intended to encourage the manufacturing of chips in the country, Bloomberg News reported on Wednesday citing people familiar with the matter. (Reporting by Jose Joseph in Bengaluru; Editing by Tom Hogue) Brought to you by www.srnnews.com

(Reuters) – Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will be voice and video chat from your handle to anyone on this platform, so you […]

(Reuters) – Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will be voice and video chat from your handle to anyone on this platform, so you […]

By Stephanie Kelly (Reuters) – Oil prices slipped in early trade on Wednesday after industry data showed a surprise build in U.S. crude stocks, while investors awaited U.S. inflation data for April that could give direction for the Federal Reserve’s next rate decision. Brent crude dropped 16 cents to $77.28 a barrel at 0008 GMT, while U.S. West Texas Intermediate (WTI) crude dipped 20 cents to $73.51, paring gains from […]

(Reuters) – Appen Ltd on Wednesday flagged a soft start to the year due to unfavourable economic conditions, although the Australian AI training provider expects to be profitable by the end of 2023 on the back of its cost-saving and diversification measures. Shares of the company tanked as much as 19.4% to A$2.570 in early trade. Appen said revenue for the four months ended April 30 dropped about 21% to […]

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A heavy dose of Japanese corporate earnings and a smattering of South Korean economic data give Asian markets a local steer on Wednesday against a backdrop of growing unease surrounding the U.S. debt ceiling crisis. Full-year Japanese earnings on tap Wednesday include Softbank, Toyota and Panasonic. They follow bumper numbers on Tuesday from […]

By Alexandra Valencia QUITO (Reuters) -Lawmakers in Ecuador’s National Assembly voted on Tuesday to continue an impeachment process against President Guillermo Lasso over embezzlement accusations, potentially moving the labyrinthine process toward its final stage. Lasso has always denied accusations that he turned a blind eye to alleged embezzlement related to a contract at state-owned oil transportation company Flopec, arguing his administration made profitable changes to the deal, which was signed […]