Town Hall News

BEIJING (Reuters) – The Taiwan defence ministry said it spotted 59 Chinese military planes near Taiwan up until 10 a.m. (0200 GMT) on Monday. The ministry said that, among them, 39 Chinese planes crossed the Taiwan Strait median line and entered Taiwan’s air defence zones. (Reporting by Beijing newsroom; Editing by Edmund Klamann) Brought to you by www.srnnews.com

(Reuters) – Ons Jabeur has set her sights on capturing a first Grand Slam title this year after the world number four beat Belinda Bencic 7-6(6) 6-4 at the Charleston Open on Sunday to win her first trophy of the season. Jabeur came up short in two major finals in 2022, losing to Elena Rybakina at Wimbledon and Iga Swiatek at the U.S. Open, but the Tunisian is rediscovering her […]

By Leika Kihara TOKYO (Reuters) – New Bank of Japan Governor Kazuo Ueda’s main challenge will be to phase out yield curve control (YCC), which has come under criticism for distorting markets by keeping long-term interest rates from rising. Under YCC, the BOJ targets short-term interest rates at -0.1% and the 10-year government bond yield at 0.5% above or below zero, in an effort to sustainably achieve 2% inflation. Here […]

By Florence Tan SINGAPORE (Reuters) -Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel demand. Brent crude futures slipped 5 cents to $85.07 a barrel by 0237 GMT, while U.S. West Texas Intermediate crude was at $80.72 a barrel, up 2 cents. Both contracts rose for a third straight […]

By Florence Tan SINGAPORE (Reuters) – Oil prices nudged higher in early Asian trade on Monday, supported by the prospect of tighter supplies from OPEC+ producers from May, but concerns about the global economic outlook capped gains. Brent crude futures gained 13 cents, or 0.2%, to $85.25 a barrel by 2356 GMT, while U.S. West Texas Intermediate crude was at $80.84 a barrel, up 14 cents, or 0.2%. Both contracts […]

PARIS (Reuters) -Four people have died and nine others have been injured in an avalanche southwest of Mont Blanc in the French Alps, interior minister Gerald Darmanin said on Sunday. The avalanche occurred in the middle of the day on the Armancette glacier, he wrote on Twitter. Those caught up in it were backcountry skiing in the mountains, said Emmanuel Coquand, spokesperson for the local authorities of Haute-Savoie, adding that […]

By Kevin Buckland TOKYO (Reuters) – The yen sank against major peers on Monday after U.S. payrolls data bolstered the case for further Federal Reserve rate hikes, highlighting a growing disparity with Japan where the central bank continues to pin the benchmark yield near zero. Meanwhile, the risk-sensitive New Zealand and Australian dollars weakened amid heightened U.S.-China tensions over Taiwan, with Beijing a key trading partner for the Antipodean nations. […]

TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Monday it is communicating with Washington about its “guidance” for a law designed to boost U.S. semiconductor manufacturing that has sparked concerns about subsidy criteria. Conditions for subsidies include sharing excess profit with the U.S. government, and industry sources have said the application process itself could expose confidential corporate strategy. “We can confirm that we are communicating with the U.S. government about […]

By Leika Kihara TOKYO (Reuters) – New Bank of Japan Governor Kazuo Ueda’s main challenge will be to phase out yield curve control (YCC), which has come under criticism for distorting markets by keeping long-term interest rates from rising. Under YCC, the BOJ targets short-term interest rates at -0.1% and the 10-year government bond yield at 0.5% above or below zero, in an effort to sustainably achieve 2% inflation. Here […]