Town Hall News

Parliamentarians From 143 Countries Meet in Manama, Agree To Combat Intolerance Lawmakers at the Inter-Parliamentary Union’s 146th Assembly pledge to promote peaceful coexistence By Hudhaifa Ebrahim/The Media Line Representatives of the world’s parliaments agreed to enact more legislation criminalizing hate speech and violence at the Inter-Parliamentary Union (IPU) Assembly in Manama, Bahrain last week. The 146th general assembly of the organization brought together around 1,700 representatives from 143 countries’ parliaments. […]

Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth management. The embattled bank is being bought by rival UBS Group for 3 billion Swiss francs ($3.27 billion) in a deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Swiss regulators said it was necessary authorities took action as there was […]

TAIPEI (Reuters) -Taiwan sees China’s involvement in Honduras’ decision to seek to end relations with the island as very obvious and the situation does not look good with Honduras demanding a “high price”, the island’s foreign minister said on Thursday. Honduras denied on Wednesday it had demanded $2.5 billion in aid from Taiwan before its announcement to seek to open relations with China, instead saying the country had repeatedly requested […]

By Byron Kaye and Praveen Menon SYDNEY (Reuters) – When David McMillan stole A$5,000 from his dying father’s small business last year, he knew it was time to kick a gambling habit that had consumed his life since he started emptying paycheques into slot machines at 17. “It wasn’t an intentional thing, but before I knew it there was no money left,” said the 33-year-old air conditioning technician from Sydney, […]

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares inched higher on Thursday after the Federal Reserve hinted it could pause interest rate hikes following turmoil in the banking sector, though it also reiterated its commitment to fighting sticky inflation. In a widely expected move, the Fed raised interest rates by 25 basis points but recast its outlook to a more cautious stance as a result of the banking stress. MSCI’s […]

(Reuters) -Canada’s Bianca Andreescu beat Britain’s Emma Raducanu 6-3 3-6 6-2 at the Miami Open on Wednesday in a first-round clash of former U.S. Open champions looking to recapture top form after a spate of injuries. Andreescu, coming off a third-round loss to world number one Iga Swiatek at Indian Wells, served seven aces and saved 11 of the 12 break points she faced against Raducanu to set up a […]

(Refiles to insert dropped word turmoil in paragraph 1) By Lananh Nguyen and Saeed Azhar (Reuters) – Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. “The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday. “This is not a […]

(Refiles to insert dropped word turmoil in paragraph 1) By Lananh Nguyen and Saeed Azhar (Reuters) -Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. “The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday. “This is not a credit […]

By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks. Fed Chair Jerome Powell sought to reassure investors about the soundness of the banking system, saying that the management of Silicon Valley Bank […]