Town Hall News

By David Randall NEW YORK (Reuters) – Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve’s tightening will ripple through the economy. Banking sector concerns drove sharp moves in financial stocks in the United States throughout the week after the collapse of two U.S. lenders and last weekend’s […]

ZURICH (Reuters) – The integration team tasked with merging Switzerland’s two largest banks is to be headed by UBS’s chief technology officer and Credit Suisse’s chief operating officer, the Tages-Anzeiger newspaper reported on Saturday. Mike Dargan, who has been with UBS for 7 years, and Francesca McDonagh, who joined Credit Suisse last September, will be tasked with unifying the two banks. It is unclear when the merger will be completed. […]

BANGKOK (Reuters) – Thailand’s Prime Minister Prayuth Chan-ocha was officially nominated for re-election on Saturday as his party’s first candidate for the country’s next leader in polls set for May 14. Prayuth, 69, is running with the new United Thai Nation Party, and will likely face Pheu Thai party’s Paetongtarn Shinawatra, daughter and niece of two former premiers from the billionaire family. The incumbent, in power since 2014 when the […]

(Reuters) – Sheikh Jassim bin Hamad Al Thani has submitted a new bid to buy Manchester United which is believed to be worth around 5 billion pounds ($6.12 billion), Sky News reported on Saturday. Sheikh Jassim, a son of Qatar’s former prime minister, launched the bid in February. A spokesperson representing Sheikh Jassim said at the time that the bid was completely debt free, via Sheikh Jassim’s Nine Two Foundation. […]

BANGKOK (Reuters) – Thailand’s Prime Minister Prayuth Chan-ocha was officially nominated for re-election on Saturday as his party’s first candidate for the country’s next leader in polls set for May 14. Prayuth, 69, is running with the new United Thai Nation Party, and will likely face Pheu Thai party’s Paetongtarn Shinawatra, daughter and niece of two former premiers from the billionaire family. The incumbent, in power since 2014 when the […]

By Nate Raymond and Blake Brittain (Reuters) -A U.S. judge has ruled that an online library operated by the nonprofit organization Internet Archive infringed the copyrights of four major U.S. publishers by lending out digitally scanned copies of their books. The ruling by U.S. District Judge John Koeltl in Manhattan on Friday came in a closely watched lawsuit that tested the ability of Internet Archive to lend out the works […]

LONDON (Reuters) – Plans by the British government to move migrants out of hotels and into military bases or even disused ferries are expected to be announced within weeks, Sky News reported on Saturday. Previous suggestions involving the use of holiday camps and student halls were less likely to be brought into action, the report said. The government has signalled it wants to end the use of hotels as asylum […]

By Pete Schroeder and Saeed Azhar WASHINGTON/NEW YORK (Reuters) – The banking crisis set off by the swift collapse of Silicon Valley Bank has exposed a sharp disconnect between Washington and Wall Street. Bankers want faster, more aggressive action to shore up the industry, while the Biden White House and regulators argue they’ve done what they can within the limits of the law. Some critics are asking whether the Biden […]

By Nathan Layne (Reuters) – Donald Trump will hold an election rally in Texas on Saturday at a site that critics say will play to his far-right supporters as he seeks to boost a presidential campaign dogged by the threat of criminal indictments. In what the former president has billed as his first major rally of the 2024 presidential race, Trump has called on supporters to assemble at an airport […]