Town Hall News

(Reuters) -Marketing automation company Klaviyo on Monday increased the proposed price range for its initial pubic offering (IPO) due this week, targeting a fully diluted valuation of up to $9 billion. Klaviyo said in a filing nearly 19.2 million shares would be sold in the IPO, priced between $27 and $29 each. Its earlier range was between $25 and $27. The IPO, which is scheduled to price on Tuesday, is […]

By Xie Yu HONG KONG (Reuters) – Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million in interest linked to an offshore bond, after having dodged default at the last minute twice this month. Country Garden, whose financial woes have worsened the property sector outlook and spurred a raft of support measures from Beijing, will have a 30-day grace period to […]

KYIV (Reuters) -Ukraine plans to sue Poland, Hungary and Slovakia over bans on Ukrainian agricultural products, Agriculture Minister Mykola Solsky said on Monday. “I think (it will be) in the near future,” he told Reuters. Politico had earlier on Monday quoted Ukrainian Trade Representative Taras Kachka as saying in an interview that Kyiv planned to sue the three countries. Restrictions imposed by the European Union in May allowed Poland, Bulgaria, […]

By Andrew Mills DOHA (Reuters) – A Qatari plane waited in Iran on Monday to fly out five U.S. detainees in a swap for five Iranians held in the United States, thanks to a Doha-mediated deal that has also unfrozen $6 billion of Iranian funds. Iran and the United States were told the funds had been transferred to accounts in Qatar, a source briefed on the matter told Reuters. That […]

By Lucinda Elliott MONTEVIDEO (Reuters) – Diego Labat, Uruguay’s central bank chief, is sitting pretty. Inflation is at the lowest level in nearly two decades, the currency is one of the region’s strongest, and the country is leading a regional pivot towards interest rate easing. That’s a sharp contrast to just across the Rio de La Plata estuary in Buenos Aires, where inflation hit 124% in August, the highest since […]

By Mathieu Rosemain LONDON (Reuters) -Societe Generale’s shares plunged more than 9% on Monday after France’s third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO. Slawomir Krupa took over in May, charged with reviving a bank that has slipped behind French leader BNP Paribas and some other European rivals amid a costly exit […]

By David Morgan WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy is facing the biggest challenge of his eight months as the top Republican in the U.S. Congress, as he tries to muster his fractured caucus to avoid a government shutdown in less than two weeks without losing his speakership. The Republican-controlled House of Representatives and the Democratic-led Senate have until Sept. 30 to avoid the U.S.’ fourth partial government […]

By Stephanie van den Berg THE HAGUE (Reuters) – Russia called on the U.N.’s highest court in The Hague on Monday to throw out what it said was a “hopelessly flawed” case challenging Moscow’s argument that its invasion of Ukraine was carried out to prevent genocide. The Russian request was made at the start of hearings dealing with the jurisdiction of the International Court of Justice (ICJ), also known as […]

(Reuters) – The United Auto Workers strike against the Detroit Three automakers enters its fourth day on Monday as both sides try to hammer out deals to avoid costly disruptions to more plants. Union negotiators and representatives of General Motors, Ford and Stellantis were set to resume talks on Monday, seeking to end one of the most ambitious U.S. industrial labor actions in decades that has seen the union strike […]