Town Hall News

By Kane Wu and Yantoultra Ngui HONG KONG (Reuters) – Private equity firms Boyu Capital, Hillhouse Capital and BPEA EQT are among bidders vying for Longreach Group’s Hong Kong-based medical device maker Quasar, three people with knowledge of the matter said. Longreach, an Asia-focused private equity firm, is targeting a valuation of as much as $600 million or more for the entire company, said one of the three sources and […]

CAIRO (Reuters) -A ship has grounded in the Suez Canal, “leaving behind” at least four vessels, shipping agent Leth Agencies said early on Thursday. Suez Canal tugboats are trying to refloat the vessel, named Xin Hai Tong 23, the company said. There was no immediate comment from Canal authorities. “M/V XIN HAI TONG 23 has grounded in the Suez Canal at KM 159/0400 hrs,” Leth Agencies said in a tweet, […]

CAIRO (Reuters) -A ship has grounded in the Suez Canal, “leaving behind” at least four vessels, shipping agent Leth Agencies said early on Thursday. Suez Canal tugboats are trying to refloat the vessel, named Xin Hai Tong 23, the company said. There was no immediate comment from Canal authorities. “M/V XIN HAI TONG 23 has grounded in the Suez Canal at KM 159/0400 hrs,” Leth Agencies said in a tweet, […]

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida will meet Sri Lanka’s president on Thursday as the South Asian nation looks to bolster efforts to restructure its debt and repair an economy deeply scarred by a severe financial crisis. Kishida’s meeting with President Ranil Wickremesinghe comes days after the International Monetary Fund (IMF) called for achieving timely restructuring agreements with the country’s creditors. The global lender said Sri Lanka’s macroeconomic […]

By Josh Smith SEOUL (Reuters) – Construction at North Korea’s satellite launching station has hit a “new level of urgency,” most likely in preparation for a launch, a U.S.-based think tank said in a report citing commercial satellite imagery. North Korea says it has completed its first military spy satellite, and leader Kim Jong Un has approved final preparations for a launch to place it in orbit, without publicising a […]

By Josh Smith SEOUL (Reuters) – Construction at North Korea’s satellite launching station has hit a “new level of urgency,” most likely in preparation for a launch, a U.S.-based think tank said in a report citing commercial satellite imagery. North Korea says it has completed its first military spy satellite, and leader Kim Jong Un has approved final preparations for a launch to place it in orbit, without publicising a […]

By Sheila Dang (Reuters) -Twitter crashed repeatedly on Wednesday during a highly anticipated live audio chat between Elon Musk, Twitter’s owner, and Florida Governor Ron DeSantis, hampering the politician’s announcement he is running for the Republican presidential nomination. Since Musk took over the social media platform in October, he has laid off thousands of employees including many engineers who were responsible for fixing software bugs. Current and former Twitter employees […]

By Evan Garcia and Steve Gorman UVALDE, Texas (Reuters) -From a White House candlelight event to a butterfly release in Texas Hill Country, Americans paused on Wednesday to reflect on the 21 victims shot dead at an elementary school one year ago and the seemingly endless scourge of U.S. gun violence. President Joe Biden used the occasion to renew his call for a ban on assault weapons and high-capacity ammunition […]

TOKYO (Reuters) – Automakers, including Toyota and Volkswagen, should decarbonise their steel supply and cut back on the material’s consumption by reducing the size of vehicle models, Greenpeace said on Thursday. As a transition to battery-powered cars brings down the amount of greenhouse gases that are released during the usage of a vehicle, a growing share of emissions in the automotive life-cycle will come from materials, the organisation said. The […]