Town Hall News

MOSCOW (Reuters) – A presiding judge at the Moscow Arbitration Court on Friday rejected a Goldman Sachs request to dismiss a lawsuit by Russia’s Otkritie bank. The court said it was setting the hearing in the substantive case for Oct. 5. (Reporting by Reuters; Editing by Kevin Liffey) Brought to you by www.srnnews.com

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Billionaire Mukesh Ambani’s Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said. The telecoms-to-energy conglomerate, encouraged by the Indian government, has held early-stage talks with foreign chipmakers that have the potential to become technology partners, […]

PARIS (Reuters) – The United Nations food agency’s world price index fell in August to a new two-year low, reversing a rebound seen the previous month, as a decline in most food commodities offset increases for rice and sugar. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 121.4 points in August against a revised 124.0 for the previous month, the agency […]

BEIJING (Reuters) – China’s new yuan loans are expected to rebound in August after tumbling in July to the lowest since late 2009, a Reuters poll showed, as the central bank seeks to shore up economic growth amid soft demand both at home and abroad. Chinese banks are estimated to have issued 1.20 trillion yuan ($163.41 billion) in net new yuan loans last month, more than triple July’s 345.9 billion […]

PARIS (Reuters) – The United Nations food agency’s world price index fell in August to a new two-year low, reversing a rebound seen the previous month, as a decline in most food commodities offset increases for rice and sugar. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 121.4 points in August against a revised 124.0 for the previous month, the agency […]

LONDON (Reuters) – Shares in Round Hill Music Royalty Fund, which owns the copyrights to work of major artists such as the Beatles, soared as much as 67% on Friday after a $496 million buyout offer from Alchemy Copyrights. Shares in Round Hill Music were up 64% at $1.125 by 0753 GMT, having hit a record $1.15 earlier on. In a note, Jefferies said it expects Alchemy’s offer is “highly […]

By Steve Holland and Trevor Hunnicutt WASHINGTON (Reuters) -The U.S., Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railways and connecting to India by port, according to U.S. officials aware of the conversations. The talks, which have also included the United Arab Emirates and Europe, may or may not yield a […]

By Steve Holland and Trevor Hunnicutt WASHINGTON (Reuters) -The U.S., Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railways and connecting to India by port, according to U.S. officials aware of the conversations. The talks, which have also included the United Arab Emirates and Europe, may or may not yield a […]

LONDON (Reuters) – It’s a packed week ahead for markets with the European Central Bank holding a crunch meeting on whether or not to hike rates again as the economy falters, while the United States releases latest inflation numbers. Rising oil prices could re-ignite angst about price pressures. Key UK jobs data and a G20 summit, marked by the absence of China’s Xi Jinping, are also in focus. Here’s your […]