Town Hall News

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. seeks “constructive and fair” economic ties with China, but will protect its national security interests and push back against Chinese actions to dominate foreign competitors, Treasury Secretary Janet Yellen said on Thursday. Speaking at Johns Hopkins University’s School of Advanced International Studies, Yellen laid out the Biden administration’s principal objectives for what she called an “essential” economic relationship between the […]

(Reuters) – PPG Industries Inc on Thursday surpassed street estimates, as the industrial coatings supplier accelerated its margin recovery on the back of higher prices and sales volumes, and forecast better-than-expected full-year 2023 earnings. The reopening of the Chinese economy after pandemic-induced lockdowns boosted demand for coatings used in aerospace and automotive original equipment manufacturers (OEMs). Net sales in the performance coatings segment rose 2% to $2.63 billion from $2.57 […]

(Reuters) – PPG Industries Inc on Thursday surpassed street estimates, as the industrial coatings supplier accelerated its margin recovery on the back of higher prices and sales volumes, and forecast better-than-expected full-year 2023 earnings. The reopening of the Chinese economy after pandemic-induced lockdowns boosted demand for coatings used in aerospace and automotive original equipment manufacturers (OEMs). Net sales in the performance coatings segment rose 2% to $2.63 billion from $2.57 […]

(Reuters) – A large blast rocked a street in the Russian city of Belgorod, which lies just across the border from Ukraine, late on Thursday but there were no initial reports of injuries, local authorities said. Belgorod region governor Vyacheslav Gladkov, announcing a state of emergency, said on Telegram that there was a crater measuring 20 metres across (65 feet) on one of the main streets in the city. He […]

(Reuters) – A large blast rocked a street in the Russian city of Belgorod, which lies just across the border from Ukraine, late on Thursday but there were no initial reports of injuries, local authorities said. Belgorod region governor Vyacheslav Gladkov, announcing a state of emergency, said on Telegram that there was a crater measuring 20 metres across (65 feet) on one of the main streets in the city. He […]

(Reuters) – North Atlantic Treaty Organization chief Stoltenberg said Ukraine’s rightful place was in the military alliance and that membership and security guarantees for Ukraine would be high on the agenda of its summit in July. * Ukrainian President Zelenskiy told Stoltenberg on his visit to Kyiv that it was time for NATO to offer his country membership and that Kyiv needed more weapons to fight Russia. * The Kremlin […]

(Reuters) -The governor of the giant Russian territory of Krasnoyarsk has quit, authorities said on Thursday, shortly after his businessman son dodged Italian authorities trying to extradite him to the United States and fled to Russia. President Vladimir Putin signed a decree accepting the resignation of Alexander Uss but gave no details. His son, Artem Uss, was due to face charges in the U.S. for shipping oil from Venezuela in […]

By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&T, while investors sought clarity on the path of interest rates. Tesla shares tumbled after the electric vehicle maker posted its lowest quarterly gross margin in two years and signaled it would continue to slash prices. AT&T shares dropped after the wireless carrier […]

By Ismail Shakil OTTAWA (Reuters) -The impact of higher U.S. interest rates on the Canadian dollar is not a “major concern,” and the Bank of Canada (BoC) would have to react only if there is a substantial depreciation of the loonie, Governor Tiff Macklem said on Thursday. Macklem, appearing before a Canadian Senate committee, was asked if the Federal Reserve’s continuing to raise rates could lead to the weakening of […]