Town Hall News

By Clara Denina and Yadarisa Shabong LONDON (Reuters) -Glencore has told Teck Resources shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table. In an open letter on Wednesday, Glencore said it would consider taking the offer to Teck’s shareholders directly if the board failed to engage. The Swiss miner and […]

(Reuters) -Morgan Stanley’s first-quarter profit beat expectations as rising revenue from its wealth management division offset declines in its investment banking and trading units.  Shares, however, fell more than 2% in premarket trading. Revenue from investment banking fell 24% to $1.25 billion, while the wealth management unit saw a 11% jump, bringing in $110 billion in net new assets. Wall Street’s investment banks have suffered the most from a downturn […]

(Reuters) -Abbott Laboratories reported quarterly profit above expectations on Wednesday, driven by sales of its diabetes care devices and an improved demand for other devices due to a resumption in non-urgent medical procedures. Improvement in staffing levels at hospitals across the United States, along with the easing of pandemic restrictions in various countries were expected to aid in the recovery of procedure volumes, and in turn, help Abbott and other […]

By Elizabeth Howcroft and Hannah Lang LONDON (Reuters) – Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month, creating a risk their business will become concentrated in smaller financial institutions. It is a scenario that concerns U.S. regulators, who have expressed doubt about the safety and soundness of bank business models that are highly focused on crypto […]

By Clara Denina and Yadarisa Shabong LONDON (Reuters) -Glencore has told Teck Resources shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table. In an open letter on Wednesday, Glencore said it would consider taking the offer to Teck’s shareholders directly if the board failed to engage. The Swiss miner and […]

By Soyoung Kim, Ju-min Park and Hyonhee Shin SEOUL (Reuters) – South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signalling a shift in his stance against arming Ukraine for the first time. In an interview with Reuters ahead of his state visit to the U.S. next week, Yoon said his government has […]

By Soyoung Kim, Ju-min Park and Hyonhee Shin SEOUL (Reuters) -South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signalling a shift in his stance against arming Ukraine for the first time. In an interview with Reuters ahead of his state visit to the U.S. next week, Yoon said his government has been […]

(Reuters) – A Scottish runner has been stripped of third place in an ultra-marathon after data showed she had used a vehicle for part of the route, the race director said. Data from the tracking system at the GB Ultras Manchester to Liverpool 80km race on April 7 showed that Joasia Zakrzewski, who represented Scotland in the marathon at the 2014 Commonwealth Games in Glasgow, used a car for a […]

By Andy Bruce and David Milliken LONDON (Reuters) -Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected, official data showed on Wednesday, bolstering bets that the Bank of England will raise interest rates again in May. Consumer price inflation (CPI) dropped to an annual rate of 10.1%, the Office for National Statistics (ONS) said, down from 10.4% in February but […]