Town Hall News

(Reuters) – Shares of Country Garden Holdings Co Ltd were set to open up 5.6% on Monday after the embattled Chinese developer won approval from its creditors to extend payments for an onshore private bond. The stock was set to open at HK$0.94. That compared to a 1.1% rise in the benchmark Hang Seng Index and a 3.6% jump in Hang Seng Mainland Properties Index. (Reporting by Donny Kwok; Editing […]

(Reuters) – The first Russian crew to use hypersonic, air-launched Kinzhal missiles during Moscow’s military operation in Ukraine has been presented with state awards, the Russian TASS state news agency reported on Monday. “The Su-34 aircraft used the Kinzhal hypersonic missile during the special military operation,” TASS cited an unnamed military source as saying. “The first crew that successfully completed this task was presented with state awards.” Russia calls its […]

BEIJING (Reuters) – Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts from major producers. Brent crude was up 17 cents, or 0.2%, at $88.72 a barrel at 0015 GMT. U.S. West Texas Intermediate crude (WTI) rose 25 cents, roughly 0.3%, to $85.80. The sustained upward price movement […]

By Wayne Cole SYDNEY (Reuters) – Asian shares inched higher on Monday as markets wagered the Federal Reserve was done raising U.S. interest rates, and on hopes the drip feed of policy stimulus from Beijing would be enough to stabilise the Chinese economy. A holiday in the United States made for a slow start ahead of key readings on U.S. services and Chinese trade and inflation later in the week. […]

SYDNEY (Reuters) – Vanuatu’s parliament will elect a new prime minister after the Pacific Island nation’s court on Monday dismissed an appeal against a decision that would remove Ishmael Kalsakau from the role. Vanuatu, at the centre of a strategic rivalry between China and Western countries in the region, was plunged into political uncertainty when opposition leader Bob Loughman lodged a no-confidence petition criticising Kalsakau for actions including signing a […]

(Reuters) – Russia launched an overnight air attack on one of Ukraine’s major grain exporting ports, Ukrainian officials said, hours before Russian President Vladimir Putin and his Turkish counterpart, Tayyip Erdogan, were due to hold talks. Ukraine’s air force urged residents of Izmail port, one of Ukraine’s two major grain-exporting ports on the Danube River in the Odesa region, to seek shelter after midnight on Monday. Some Ukraine media reported […]

By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will keep its key interest rate unchanged at 4.10% on Tuesday as inflation shows signs of easing, according to a Reuters poll of economists who do however largely expect a final hike next quarter. While consumer inflation slowed to a 17-month low of 4.9% in July, from 5.4% in June, it was well above the central bank’s target range of […]

(Reuters) -Australian lithium developer Liontown Resources said on Monday its board had recommended an improved takeover proposal from the world’s biggest lithium producer Albemarle Corp valuing the company at A$6.6 billion ($4.26 billion). The new cash offer price of A$3 per share represents a premium of 14.5% to Liontown’s last closing price of A$2.62 on Sept. 1 and is 20% higher than Albemarle’s A$2.50 per share offer made in late […]

By Renju Jose SYDNEY (Reuters) – More than half of Australians would reject the inclusion of an Indigenous advisory panel in the constitution, a newspaper poll showed on Monday, as the government struggles to lift support for the landmark proposal ahead of a vote in about six weeks. The latest newspoll conducted for The Australian newspaper showed support for a “Voice to Parliament”, an Indigenous committee to advise Parliament on […]