Town Hall News

(Reuters) -French cloud services provider OVHcloud on Wednesday trimmed its forecast for full-year revenue growth, citing the macroeconomic context and delays in certain projects. The company now sees organic revenue growth between 13% and 14% in 2023, against a previous outlook of growth in range of 14%-16%. The new revenue forecast “includes… recent developments in demand which in the short term reflect a delay in certain migration projects to the […]

By Laila Kearney and Muyu Xu (Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Brent crude futures shed 35 cents, or 0.4%, to $84.42 a barrel as at 0641 GMT. West Texas Intermediate U.S. crude fell 33 cents, also 0.4%, to $80.53 a […]

(Reuters) – Cristiano Ronaldo was upstaged by another former Manchester United forward in Saudi Arabia on Tuesday as Al-Hilal’s Odion Ighalo scored twice from the penalty spot in a 2-0 win over Al-Nassr. Portugal striker Ronaldo moved to Al-Nassr on a lucrative deal last January and scored eight goals in his first five games but he has been unable to sustain that pace. In Al-Nassr’s first game since the departure […]

By Tom Westbrook SINGAPORE (Reuters) – Stocks sagged in cautious trade on Wednesday, while the dollar paused its recent decline as expectations for an imminent peak in the Federal Reserve’s interest rate cycle edged ahead of U.S. banking sector concerns. MSCI’s index of Asia shares outside Japan dropped 0.4% to retreat further from Monday’s two-month high, and Japan’s Nikkei looked set to snap an eight-day winning streak with a modest […]

Brayden Point scored twice and the visiting Tampa Bay Lightning defeated the Toronto Maple Leafs 7-3 Tuesday night in the opener of their best-of-seven, Eastern Conference first-round playoff series. Nikita Kucherov and Corey Perry each added a goal and two assists for the Lightning, while Anthony Cirelli and Ross Colton each had a goal and an assist. Tampa Bay scored the game’s first three goals, then scored four straight in […]

By Kevin Buckland TOKYO (Reuters) – The dollar steadied on Wednesday after seesawing along with bond market volatility in recent sessions, as investors scrutinised U.S. economic indicators, Federal Reserve commentary and corporate earnings for clues about the path for interest rates. The dollar index, which gauges the greenback against six major peers, ticked up 0.09% to 101.81 in Asian trading, following a 0.36% slide on Tuesday that reversed the 0.54% […]

By Junko Fujita TOKYO (Reuters) – Sumitomo Mitsui Financial Group (SMFG) priced $1.04 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major Japanese bank to sell them since the value of similar bonds issued by Credit Suisse was wiped out. SMFG priced the bonds in two tranches, in 89 billion yen ($662.50 million) five-year notes, and 51 billion yen 10-year bonds, whose terms market players said were […]

BENGALURU (Reuters) -Indian pharmaceutical company Mankind Pharma Ltd has set a price band of 1,026 rupees to 1,080 rupees per share for its initial public offering (IPO), valuing the company at 432.64 billion rupees ($5.27 billion) at the upper end of the band. The IPO for the company, which owns the Manforce condom brand and at-home pregnancy testing kit Prega News, will consist of nearly 40.1 million shares on offer […]

By Kevin Yao BEIJING (Reuters) – China’s central bank has plenty of reasons to loosen policy as deflationary pressures in the economy deepen, but record credit growth is likely to limit the extent of any monetary support it’s able to provide. While the recovery from last year’s pandemic slump in the world’s second-largest economy gathered pace in the first quarter, the upbeat headline figures mask the underlying weakness in both […]