Town Hall News

(Reuters) – A so-called “wholesale” central bank digital currency could hold promise for the future settlement of certain financial market transactions and processing international payments, Federal Reserve Governor Michelle Bowman said on Tuesday. While a digital dollar could make sense for interbank transactions, there could be unintended consequences like disruptions to the banking system if the Fed were to design a central bank digital currency that would be directly available […]

By Valerie Insinna and Nathan Gomes WASHINGTON (Reuters) -Boeing Co still plans to ramp up production of its best-selling 737 MAX passenger jet this summer, despite a recent manufacturing problem that has paused some deliveries, the planemaker’s CEO Dave Calhoun said on Tuesday. Last week, Boeing indicated that near-term deliveries of the 737 MAX will slow as the company grapples with a new manufacturing problem involving fuselages built by Spirit […]

By Valerie Insinna and Nathan Gomes WASHINGTON (Reuters) -Boeing Co still plans to ramp up production of its best-selling 737 MAX passenger jet this summer, despite a recent manufacturing problem that has paused some deliveries, the planemaker’s CEO Dave Calhoun said on Tuesday. Last week, Boeing indicated that near-term deliveries of the 737 MAX will slow as the company grapples with a new manufacturing problem involving fuselages built by Spirit […]

(Reuters) – A so-called “wholesale” central bank digital currency could hold promise for the future settlement of certain financial market transactions and processing international payments, Federal Reserve Governor Michelle Bowman said on Tuesday. While a digital dollar could make sense for interbank transactions, there could be unintended consequences like disruptions to the banking system if the Fed were to design a central bank digital currency that would be directly available […]

By Michael Martina WASHINGTON (Reuters) – China is increasing its Antarctic footprint according to new satellite imagery collected by a Washington-based think tank that shows construction has resumed for the first time since 2018 on the country’s fifth station in the southern polar region. Beijing has sought to develop new shipping routes in the Arctic and expand its research in Antarctica, but Western governments worry its increasing presence in the […]

MUNICH, Germany (Reuters) – Bayern Munich have a mountain to climb in their Champions League quarter-final return leg against Manchester City on Wednesday, but coach Thomas Tuchel hopes a strong first-half performance could open the door to the semis. The Bavarians have struggled in the past weeks since Tuchel’s arrival in late March, having been eliminated in the German Cup last eight by Freiburg before a 3-0 loss at City […]

By Niket Nishant and Nupur Anand (Reuters) -Goldman Sachs Group Inc’s profit fell 19% as dealmaking and bond trading slumped in the first quarter and it lost money on the sale of some assets in its consumer business. Investment banking activity remains extremely muted, and while there are some green shoots emerging, clients remain cautious, CEO David Solomon said in a post earnings call. “Recent events in the banking sector […]

By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) – Dominion Voting Systems was set to lay out its case to a newly selected jury on Tuesday in its $1.6 billion defamation lawsuit against Fox Corp and Fox News in a trial putting one of the world’s top media companies in the crosshairs over its coverage of false vote-rigging claims in the 2020 U.S. election. In one of the biggest […]

By Luc Cohen NEW YORK (Reuters) -U.S. prosecutors on Tuesday charged an alleged financier of Lebanon’s Hezbollah with evading U.S. sanctions imposed on him by exporting hundreds of millions of dollars worth of diamonds and artwork. The U.S. Treasury Department in 2019 sanctioned Nazem Ahmad for allegedly providing material support to Lebanon’s Hezbollah, which Washington considers a terrorist organization. The move was intended to cut off access for Ahmad and […]