Town Hall News

By Akriti Sharma (Reuters) -Tesla Inc has raised prices in a range of up to $290 in Canada, China, Japan and the United States, its website showed on Monday, after having slashed prices on its top-selling vehicles since the start of the year. The hike was Tesla’s first on its two top-selling models at the same time in multiple markets, although prices across its lineup are much lower than in […]

By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue, as tensions in the region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions comes ahead of Japanese Prime Minister Fumio Kishida’s planned visit to South Korea next week for […]

By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue, as tensions in the region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions comes ahead of Japanese Prime Minister Fumio Kishida’s planned visit to South Korea next week for […]

By Nupur Anand, Anirban Sen, David French and Isla Binnie NEW YORK (Reuters) – On March 12, as several U.S. banks reeled from a crisis in confidence, JPMorgan Chase & Co put its might behind First Republic Bank, giving the troubled lender what two sources said was a $10 billion financing. The JPMorgan facility did not stop depositors from fleeing the lender. But it turned out to be the start […]

By Yantoultra Ngui SINGAPORE (Reuters) -DBS Group posted record first-quarter profit, with Singapore’s biggest bank saying it had benefited from inflows from depositors seeking a safe haven amid the global banking turmoil, and uncertainty over the world economy and geopolitics. Results released on Tuesday showed the bank’s January-March net profit rose a stronger-than-expected 43% to S$2.57 billion ($1.9 billion) from S$1.8 billion a year ago, beating a mean estimate of […]

By Eric Onstad, Siyi Liu and Mai Nguyen LONDON/BEIJING/HANOI (Reuters) -Lithium prices rebounded this week for the first time in five months after tumbling from record highs, but new supply of the key mineral for electric vehicle (EV) batteries coming on stream is likely to weigh on the market next year. A decision by world No. 2 producer Chile to nationalise its lithium sector may curb long-term supply growth, but […]

ASUNCION (Reuters) – Supporters of a right-wing candidate who came third in Paraguay’s presidential election clashed with police outside the electoral court on Monday, amid complaints of fraud in a vote that the ruling Colorado Party won comfortably. Police put up fences around the court’s headquarters and fired rubber bullets at young protesters who were throwing stones, authorities said, after hundreds of supporters of Paraguayo Cubas gathered.Elsewhere, demonstrators blocked roads […]

By Praveen Menon and Roushni Nair SYDNEY (Reuters) -Australia’s flagship carrier, Qantas Airways Ltd, on Tuesday named finance chief Vanessa Hudson as its next chief executive officer, making her the first woman to lead the century-old airline. Hudson will in November take over from Alan Joyce, whose 15 years in the job has made him one of the longest-serving current CEO of a major Australian company, and a high-profile figure […]

By Nupur Anand, Anirban Sen, David French and Isla Binnie NEW YORK (Reuters) – On March 12, as several U.S. banks reeled from a crisis in confidence, JPMorgan Chase & Co put its might behind First Republic Bank, giving the troubled lender what two sources said was a $10 billion financing. The JPMorgan facility did not stop depositors from fleeing the lender. But it turned out to be the start […]