Town Hall News

By Saurabh Sharma LUCKNOW, India (Reuters) -Rescue workers on Tuesday battled to reach 40 Indian workers trapped inside a collapsed Himalayan highway tunnel for almost 60 hours, drilling through debris to fix a wide steel pipe which they hope can be used to pull the men out. The trapped men are safe and healthy, authorities said, and are being supplied food, water and oxygen through a pipe. Officials are also […]

By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will fall in coming months, though not as sharply as forecast previously, according to bond strategists polled by Reuters, who said for a fourth month running in even greater numbers that the 10-year note yield had peaked. Those yield forecast upgrades came after news earlier this month of a ‘blowout’ third quarter for the U.S. economy and signs from Federal Reserve […]

HELSINKI (Reuters) – Finland is seeing a rise in the number of third-country asylum seekers arriving at its border crossings from Russia and is preparing to “take action” to handle the situation, the Finnish interior minister said on Tuesday. “The number has grown significantly in a short time. Russian authorities have changed the way they work to allow travel to Finland despite a lack of documents, which is illegal entry,” […]

By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will fall in coming months, though not as sharply as forecast previously, according to bond strategists polled by Reuters, who said for a fourth month running in even greater numbers that the 10-year note yield had peaked. Those yield forecast upgrades came after news earlier this month of a ‘blowout’ third quarter for the U.S. economy and signs from Federal Reserve […]

By Joseph Ax (Reuters) – Legal battles over redistricting could lead to new congressional maps in nearly a dozen U.S. states for the 2024 election, potentially flipping control of the U.S. House of Representatives, which currently has a 221-213 Republican majority. The two parties are fighting over maps that were redrawn after the 2020 U.S. Census. Democrats have already picked up one likely seat, in Alabama, and could gain about […]

By Ted Hesson WASHINGTON (Reuters) – Former U.S. President Donald Trump, the leading candidate for the Republican presidential nomination in 2024, has promised to crack down on illegal immigration and restrict legal immigration if elected to a second term in office. Here are some of the policies under consideration: BORDER ENFORCEMENT Trump has said he would restore his 2019 “remain in Mexico” program, which forced non-Mexican asylum-seekers seeking to enter […]

By Tatiana Bautzer NEW YORK (Reuters) – Bonuses for investment bankers advising companies on mergers and acquisitions are expected to drop by 15% to 25% this year from 2022, according to a study by Johnson Associates, a compensation consultant in New York. Commercial and retail bankers at regional banks will receive bonuses that are 10% to 20% lower than the previous year, the report showed. “Most Wall Street professionals will […]

WASHINGTON (Reuters) – U.S. House Speaker Mike Johnson’s plan to avert a government shutdown faces a key test on Tuesday, as he tries to overcome hardline opposition from his own Republican conference, even as some Democrats signal tentative support for the measure. Johnson, who had little senior congressional leadership experience before being elected speaker less than three weeks ago, is trying to muster Republican support for a “clean” two-step continuing […]

A look at the day ahead in U.S. and global markets from Mike Dolan If investors were wondering why Federal Reserve rhetoric remains so doggedly hawkish, the latest U.S. consumer price inflation report on Tuesday will likely explain why. According to consensus forecasts at least, U.S. headline inflation is expected to have retreated sharply again in October back toward midyear lows around 3.3%. A near 15% drop in retail gasoline […]