Town Hall News

By Howard Schneider, Aniruddha Ghosh and John Revill (Reuters) – Banking shares slipped in Europe on Thursday as the instability that surged through the global banking system this month is prompting investors to adjust to more challenging economic and lending conditions ahead. The Federal Reserve on Wednesday indicated it was on the verge of pausing further increases in borrowing costs after the collapse of two U.S. lenders earlier this month […]

By Howard Schneider, Aniruddha Ghosh and John Revill (Reuters) – Banking shares slipped in Europe on Thursday as the instability that surged through the global banking system this month is prompting investors to adjust to more challenging economic and lending conditions ahead. The Federal Reserve on Wednesday indicated it was on the verge of pausing further increases in borrowing costs after the collapse of two U.S. lenders earlier this month […]

By Howard Schneider, Aniruddha Ghosh and John Revill (Reuters) – Banking shares slipped in Europe on Thursday as the instability that surged through the global banking system this month is prompting investors to adjust to more challenging economic and lending conditions ahead. The Federal Reserve on Wednesday indicated it was on the verge of pausing further increases in borrowing costs after the collapse of two U.S. lenders earlier this month […]

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said banking industry stress could trigger a credit crunch with “significant” implications for an economy that U.S. central bank officials projected will slow even more this year than previously thought. Banks either hit with sudden deposit outflows or worried about them may become steadily more reluctant to lend to businesses and households, a risk […]

By David Shepardson WASHINGTON (Reuters) – TikTok creators and three U.S. Democratic Party lawmakers on Wednesday said they opposed any potential ban on the Chinese-owned short video sharing app that is used by more than 150 million Americans. On Thursday TikTok CEO Shou Zi Chew will testify before the U.S. House Energy and Commerce Committee amid growing calls for a ban over national security concerns at a time when relations […]

OSLO (Reuters) – Norway’s $1.3 trillion wealth fund, one of the world’s largest investors, will vote in favour of a shareholder motion calling on Starbucks to report on how it respects labour rights, the fund’s manager said on Thursday. The Norwegian fund owns 1.05% of Starbucks’ shares, worth $1.2 billion at the end of 2022, according to fund data. It is the company’s tenth-largest shareholder, according to Refinitiv Eikon. Starbucks […]

By Sumit Khanna and Shilpa Jamkhandikar AHMEDABAD, India (Reuters) -A court in India found opposition leader Rahul Gandhi guilty of defamation on Thursday for a speech he made in 2019 in which he referred to thieves as having the surname Modi, and sentenced him to two years in prison. Gandhi, a senior leader of the Congress party and the scion of the Nehru-Gandhi political dynasty, will appeal against the order […]

By John Irish and Ingrid Melander PARIS (Reuters) -Train services were disrupted and some schools shut while garbage piled up on the streets of France on Thursday as part of a ninth nationwide day of strikes against a deeply unpopular bill to raise the pension age. Protesters blocked a highway near Toulouse in southwestern France in the early morning and a bus depot in the west, in Rennes, Le Parisien […]

By Ludwig Burger and Juby Babu (Reuters) -Sanofi’s asthma drug Dupixent met all targets in a trial to treat “smoker’s lung”, potentially adding billions to the French drugmaker’s growth prospects, but also underscoring a heavy reliance on its bestseller. In a late stage trial Dupixent, jointly developed with Regeneron, led to a 30% reduction in moderate or severe acute exacerbations of chronic obstructive pulmonary disease (COPD), a potentially deadly disease […]