Town Hall News

TOKYO (Reuters) – Two major European asset managers have jointly filed a shareholder resolution at Japanese electricity generator Electric Power Development Co Ltd, known as J-Power, for the second consecutive year in a row. Amundi and HSBC Asset Management filed the resolution with the Australasian Centre for Corporate Responsibility (ACCR), the non-profit climate group said in a statement on Tuesday. The resolution is supported by Man Group, the world’s largest […]

By Akash Sriram and Abhirup Roy (Reuters) -Electric vehicle (EV) maker Lucid Group Inc reported lower-than-expected first-quarter revenue on Monday and trimmed its 2023 production forecast as a price war sparked by Tesla, rising interest rates and recession fears hurt sales. Shares in the maker of the Air luxury sedan dropped about 9% in after hours trade. Tesla Inc’s move to cut prices and increase volume, a strategy which CEO […]

By Chen Lin SINGAPORE (Reuters) – Companies in Singapore are partially paying housing costs of employees and even relocating staff to cheaper neighbouring cities to help them tackle home rents that rose last year at their fastest rate in 15 years. But with private housing rents in Singapore maintaining the scorching pace of gains in 2023, those steps are likely falling short, forcing expatriate workers to even consider leaving the […]

By Dietrich Knauth (Reuters) – Cryptocurrency exchange Bittrex Inc filed for bankruptcy protection on Monday, three weeks after the U.S. Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange. Seattle-based Bittrex ceased operations in the United States on April 30, and it said the bankruptcy filing would not impact Bittrex Global, which serves customers outside the United States. The company’s non-U.S. operations are based in Liechtenstein. […]

NOTTINGHAM, England (Reuters) -Nottingham Forest’s Premier League survival hopes got a massive boost as Taiwo Awoniyi’s brace helped them to a 4-3 home win over bottom club Southampton whose 10-year stay in the top flight looked to be coming to an end on Monday. A nerve-jangling City Ground clash exposed the defensive frailties of both sides with Nigerian striker Awoniyi scoring twice within four minutes early on to give his […]

(Reuters) – The New York Times is getting around $100 million from Google over three years as part of a broad deal that allows the Alphabet Inc unit to feature Times content on some of its platforms, the Wall Street Journal reported on Monday. The deal includes the Times’ participation in Google News Showcase, a product that pays publishers to feature their content on Google News and some other Google […]

By David Morgan WASHINGTON (Reuters) – President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 trillion U.S. debt ceiling and avoid a crippling default before the end of May. The Democratic president is calling on lawmakers to raise the federal government’s self-imposed borrowing limit without conditions. Republican House of Representatives Speaker Kevin […]

(Reuters) – Canada’s Cenovus Energy Inc said on Monday it has shut down production plants in some areas of its conventional business, due to wildfires in Alberta. The company added that production of about 85,000 barrels of oil equivalent per day has been impacted in Cenovus’ Rainbow Lake, Kaybob-Edson, Elmworth-Wapiti and Clearwater operating areas. Cenovus, one of Canada’s top energy producers, said it was working with provincial and municipal agencies […]

By Hyunjoo Jin and Ernest Scheyder (Reuters) -Tesla Inc on Monday broke ground on a Texas lithium refinery that CEO Elon Musk said should produce enough of the battery metal to build about 1 million electric vehicles (EVs) by 2025, making it the largest North American processor of the material. The facility will push Tesla outside its core focus of building automobiles and into the complex area of lithium refining […]