Town Hall News

SEOUL (Reuters) – The navies of South Korea, the U.S. and Japan will hold two days of anti-submarine exercises starting Monday to better counter North Korea’s evolving nuclear and missile capabilities, South Korea’s defence ministry said. The drills will be staged in international waters off South Korea’s southern island of Jeju, involving a U.S. carrier strike group led by USS Nimitz, which had arrived in the southeastern city of Busan […]

(Reuters) – Russia will move its tactical nuclear weapons close to the western borders of Belarus, the Russian envoy to Minsk said on Sunday, placing them at NATO’s threshold in a move likely to further escalate Moscow’s standoff with the West. In one of the Russia’s most pronounced nuclear signals since the beginning of its invasion of Ukraine 13 months ago, President Vladimir Putin said on March 26 that Russia […]

(Reuters) – Russia will move its tactical nuclear weapons close to the western borders of Belarus, the Russian envoy to Minsk said on Sunday, placing them at NATO’s threshold in a move likely to further escalate Moscow’s standoff with the West. In one of the Russia’s most pronounced nuclear signals since the beginning of its invasion of Ukraine 13 months ago, President Vladimir Putin said on March 26 that Russia […]

By Florence Tan SINGAPORE (Reuters) – Oil prices jumped about $5 a barrel on Monday’s open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability. Brent crude hit the highest in nearly a month at the open, trading at $84.95 a barrel by 0039 GMT, up $5.06, or 6.3%. U.S. West Texas Intermediate crude touched its highest since late January and […]

(Reuters) – Cineworld Group Plc is planning to raise $2.26 billion, according to a court filing on Sunday, as the theater chain aims to emerge from Chapter 11 bankruptcy in the first half of 2023. The fundraising will consist of a first lien senior secured debt credit facility of $1.46 billion and issuance of new common stock for an aggregate purchase price of $800 million, according the filing with the […]

By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is pushing Seven & i Holdings to explain its corporate strategy to shareholders including why it is not spinning off of its 7-Eleven convenience store chain or considering selling the whole company. The investment firm, which owns a 4.4% stake and has been pushing for change since 2020, is ratcheting up pressure before the company’s April 6 earnings call and the […]

By Lucy Craymer WELLINGTON (Reuters) – One New Zealand, formerly Vodafone NZ, said on Monday it had signed an agreement with billionaire Elon Musk’s SpaceX to use the U.S. company’s Starlink satellites to provide cell coverage to 100% of New Zealand from late 2024. The technology would initially be for text and multimedia messaging services but would later extend to voice and data services in areas of New Zealand not […]

By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla Inc on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was 36% higher than a year ago. In January, Chief Executive Elon Musk said Tesla could […]

By Wayne Cole SYDNEY (Reuters) – Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism. Brent oil futures jumped $5.16 to $85.05 a barrel on news output would be cut by around 1.16 million barrels per day, while U.S. […]