Town Hall News

By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to New Delhi to participate in the G20 leaders summit from Sept. 7-10, making her fourth visit to India in 10 months, the Treasury Department said on Thursday. Yellen intends to focus at the summit on strengthening the global economy and supporting low- and middle-income countries by advancing efforts on debt restructurings, the evolution of multilateral development […]

By Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors on Thursday charged a Russian-German man with smuggling large quantities of microelectronics technology with military applications to Russia, for eventual use in that country’s war in Ukraine. Arthur Petrov, a 33-year-old dual Russian-German citizen, was arrested on Aug. 26 in Cyprus at the U.S. government’s request, according to a statement from U.S. Attorney Damian Williams in Manhattan. Petrov and two unnamed Russian […]

(Reuters) – Bitcoin dropped 4.91% to $25,957 at 21:45 GMT on Thursday, losing $1,341 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 18.4% from the year’s high of $31,818 on July 13. Ether, the coin linked to the ethereum blockchain network, dropped 3.57 % to $1,644.4, losing $60.9 from its previous close. (Reporting by Nilutpal Timsina in Bengaluru; Editing by Krishna Chandra Eluri) Brought to […]

By Amy Tennery NEW YORK (Reuters) – Andy Murray knows time is no longer on his side as the 36-year-old conceded that another deep run at a major may not be within his reach after exiting the U.S. Open on Thursday. The 2012 champion put up a tough fight at first against 19th seed Grigor Dimitrov but rapidly lost energy and appeared to have little left in the tank as […]

BRASILIA (Reuters) – Brazil’s government outlined an ambitious plan to rescue its public accounts from deficit which hinges on securing 168.5 billion reais ($34 billion) in extra revenue, according to the 2024 budget bill sent to Congress on Thursday. The proposal forecast that the central government – comprising the Treasury, central bank, and social security – would end next year with a primary surplus of 2.8 billion reais ($565.7 million), […]

By Stephen Culp (Reuters) – A look at the day ahead in Asian markets from Stephen Culp, financial markets journalist. Asian stocks could start September with a choppy session on Friday, as crucial U.S. economic data showed monthly inflation on the wane, a second take on China manufacturing PMI expected to show modest improvement and the U.S. employment report on tap. As investors turn the page to a fresh new […]

By David Shepardson WASHINGTON (Reuters) -Delta Air Lines said on Thursday that it has updated the radio altimeters in its in-service airplane fleet to address potential 5G C-Band interference. Transportation Secretary Pete Buttigieg warned in June that airlines could face operational constraints in bad weather if they had not updated airplanes ahead of a July 1 deadline. Delta had approximately 190 aircraft yet to be outfitted before the July 1 […]

By Erwin Seba HOUSTON (Reuters) -U.S. crude oil prices gained more than $2 a barrel on Thursday, rising for a third month in row, on expectations that cuts by the OPEC+ group of oil producing nations, led by Saudi Arabia, would continue through the end of 2023. Brent crude futures for October expired up $1, or 1.2%, at $86.86 a barrel. The more active November contract gained $1.59, or 1% […]

(Reuters) – Dell Technologies beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Shares of the Round Rock, Texas-based company rose 5% in extended trading. The results are the latest sign that a downturn in tech spending could be drawing to a close after major networking equipment provider Cisco also beat […]