Town Hall News

By Kane Wu and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to work on a Hong Kong initial public offering (IPO) that could reportedly raise up to $1 billion, according to sources with direct knowledge of the matter. Hozon’s IPO plan comes after it announced a 7 billion yuan pre-IPO fundraising late on Tuesday in […]

AMSTERDAM (Reuters) – Dutch Foreign Minister Wopke Hoekstra, the country’s nominee to run the European Union’s climate change portfolio after Frans Timmermans stepped down last week, said on Friday he had tendered his resignation to the King of the Netherlands. Timmermans stepped down from the role in order to compete in Dutch elections. Earlier this week, the European Union’s chiefexecutive Ursula von der Leyen proposed the appointment of Hoekstra to […]

LONDON (Reuters) – Danish drugmaker Novo Nordisk unseated LVMH as Europe’s most valuable listed company on Friday, ending the French luxury group’s 2-1/2 year-long reign at the top. Novo Nordisk now has a market capitalisation of $421 billion, according to Refinitiv data. The French-listed LVMH has a market cap of $420.97 bln. The pharma group has had a huge boost in recent weeks from investors betting on the increasingly lucrative […]

BANGKOK (Reuters) – Thai King Maha Vajiralongkorn has reduced former prime minister Thaksin Shinawatra’s eight-year prison sentence to one year, the royal gazette said on Friday. “Thaksin accepted his crime and showed remorse,” the document said, adding the former prime minister was ill. (Reporting by Chayut Setboonsarng, Panarat Thepgumpanant and Panu Wongchu-um) Brought to you by www.srnnews.com

HONG KONG (Reuters) -Hundreds of flights were cancelled on Friday in China’s populous Guangdong province and neighbouring Hong Kong ahead of Typhoon Saola’s arrival, with the powerful storm forcing some mainland cities to close businesses, schools and even financial markets. Three tropical cyclones have formed in the northwest Pacific Ocean and South China Sea. Saola and Haikui were labelled typhoons while Kirogi, the most distant from land, was still classified […]

KYIV (Reuters) -Russian forces struck a private enterprise with a long-range cruise missile in the central Ukrainian region of Vinnytsia, wounding three people, Ukrainian authorities said on Friday. “Unfortunately, there are victims – three civilians, they are being provided with all necessary assistance,” Governor Serhiy Borzov wrote on Telegram messenger, adding that unspecified property and cars had been damaged. Kyiv’s air force said it shot down a second missile fired […]

KYIV (Reuters) -Russian forces struck a private enterprise with a long-range cruise missile in the central Ukrainian region of Vinnytsia, wounding three people, Ukrainian authorities said on Friday. “Unfortunately, there are victims – three civilians, they are being provided with all necessary assistance,” Governor Serhiy Borzov wrote on Telegram messenger, adding that unspecified property and cars had been damaged. Kyiv’s air force said it shot down a second missile fired […]

MELBOURNE (Reuters) – After a trail-blazing Women’s World Cup campaign under one Australian manager, the Philippines will have another in charge of their Asian Games tournament in China this month. Mark Torcaso was confirmed as Alen Stajcic’s replacement last week, the former Australia coach having stepped down after guiding the Filipinas to their first World Cup in Australia and New Zealand. Torcaso was named Coach of the Year in Australia’s […]

By Tom Sims and John O’Donnell MUNICH (Reuters) – It has been a tumultuous year for one prominent German property developer: his efforts to sell his penthouse atop a Nazi-era air raid shelter have stalled, and just weeks ago his firm filed for insolvency. The one-two punch for the developer, Stefan Hoeglmaier, and his company, Euroboden, mirror the travails of the broader property sector across Europe’s largest economy as it […]