Town Hall News

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net interest income growth. OCBC, which is also Southeast Asia’s second-biggest bank by assets, said January-March net profit rose to a record S$1.88 billion ($1.42 billion) from S$1.36 billion a year earlier. That beat the mean estimate of S$1.74 […]

By David Lawder and Jahnavi Nidumolu WASHINGTON (Reuters) -Wall Street executives who have advised the U.S. Treasury’s debt operations for the past 25 years warned on Tuesday they are “deeply concerned” about the debt limit impasse that has markets worried about a U.S. default on payment obligations. The 18 current and former chairs and vice chairs of the Treasury Borrowing Advisory Committee (TBAC) since 1998 said in a letter to […]

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a better-than-expected 39% jump in first-quarter profit from a year earlier on the back of strong net interest income growth.OCBC, which is also Southeast Asia’s second-biggest bank by assets, said January-March net profit rose to a record S$1.88 billion ($1.42 billion) from S$1.36 billion a year earlier. That beat the mean estimate of S$1.74 billion […]

By Jack Queen and Luc Cohen NEW YORK (Reuters) -Donald Trump must pay $5 million in damages for sexually abusing magazine writer E. Jean Carroll in the 1990s and then defaming her by branding her a liar, a jury decided on Tuesday. “Today, the world finally knows the truth,” Carroll said in a statement. “This victory is not just for me but for every woman who has suffered because she […]

SEOUL (Reuters) – South Korea’s current account balance in March ended a two-month run of deficit to post a surplus, but suffered its biggest quarterly deficit in more than 14 years during the January-March period, data showed on Wednesday. The country posted a $0.27 billion current account surplus in March, after setting a deficit in each of the preceding two months, the Bank of Korea data showed. For the first […]

SEOUL (Reuters) – South Korea’s current account balance in March ended a two-month run of deficit to post a surplus, but suffered its biggest quarterly deficit in more than 14 years during the January-March period, data showed on Wednesday. The country posted a $0.27 billion current account surplus in March, after setting a deficit in each of the preceding two months, the Bank of Korea data showed. For the first […]

(Reuters) -Former Fox News host Tucker Carlson, who was taken off the air by the network last month, said on Tuesday he would relaunch his show on Twitter “soon.” Fox News Media and Carlson agreed to part ways last month, shortly after parent company Fox Corp settled for $787.5 million a defamation lawsuit in which the top-rated host played a starring role. The outspoken Carlson embraced conservative issues and delivered […]

(Reuters) – Australia’s TechnologyOne Ltd said on Wednesday it had detected an unauthorised third-party access to its back-office systems, becoming the latest target in a series of cyber attacks that has bogged companies in the country since last year. “TechnologyOne’s customer-facing SaaS platform is not connected to the Microsoft 365 system, and therefore, has not been impacted,” the enterprise software maker reassured its customers in an exchange filing. The software […]

WASHINGTON (Reuters) – President Joe Biden and top Republican lawmakers met face-to-face on Tuesday as a deadlock over raising the $31.4 trillion U.S. debt limit threatened to push the country into an unprecedented default in as soon as three weeks if Congress does not act. Biden is calling on lawmakers to raise the federal government’s self-imposed borrowing limit without conditions. Republican House Speaker Kevin McCarthy has said his chamber will […]