Town Hall News

By Ted Hesson and Anna Mehler Paperny OTTAWA (Reuters) -U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau struck a deal aimed at stopping asylum seekers from traversing the shared U.S.-Canada land border via unofficial crossings, an official U.S. document showed on Friday. The two leaders are meeting this morning in Ottawa and are expected to discuss migration, how to address the worsening security and humanitarian situation in Haiti, […]

By Ted Hesson and Anna Mehler Paperny OTTAWA (Reuters) -U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau struck a deal aimed at stopping asylum seekers from traversing the shared U.S.-Canada land border via unofficial crossings, an official U.S. document showed on Friday. The two leaders are meeting this morning in Ottawa and are expected to discuss migration, how to address the worsening security and humanitarian situation in Haiti, […]

By Laura Sanicola (Reuters) – Oil prices fell about 2.5% on Friday amid declining European banking shares and after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years, dampening demand prospects. Brent crude fell $1.85, or 2.4%, to $74.06 a barrel by 11:13 a.m. EST (1513 GMT, while West Texas Intermediate U.S. crude futures fell $1.79, 2.5%, to $68.23 a barrel. Both […]

LONDON (Reuters) -Cryptocurrency exchange Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet. Binance suspended deposits and withdrawals earlier on Friday due to a “bug on a trailing stop order,” Chief Executive Changpeng Zhao said in a tweet, adding that the pause in deposits and withdrawals was a standard operating procedure. Ilya Volkov, CEO of Youhodler, a crypto lending platform, […]

MILAN (Reuters) – UniCredit is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, in a move to show it has ample capital while keeping funding costs in check as markets reel from a crisis of confidence. UniCredit in recent weeks put in a request with European Central Bank supervisors to repay a 1.25 billion euro 6.625% perpetual bond […]

(Reuters) -The U.S. health regulator on Friday proposed cancer drug developers conduct more rigorous trials to seek accelerated approval for their candidates. The Food and Drug Administration’s move follows criticism for the accelerated approval pathway, as well as an independent federal review into it after the controversial nod for Biogen Inc’s Alzheimer’s treatment Aduhelm. Accelerated approvals allow quicker nod for therapies that target serious and life-threatening conditions. The FDA proposed […]

(Reuters) – Russian forces attacked northern and southern stretches of the front in Ukraine’s eastern Donbas region on Friday, pressing on with their offensive despite assertions from Kyiv that Moscow’s assault was flagging near the city of Bakhmut. WAR ZONE * Some 10,000 Ukrainian civilians, many elderly and with disabilities, are clinging on to existence in horrific circumstances in and around the besieged city of Bakhmut, the International Committee of […]

By Jan Strupczewski BRUSSELS (Reuters) – European Union leaders and the ECB sought to calm market jitters by presenting a united front on the banking sector on Friday, saying EU lenders are well capitalised and liquid thanks to lessons drawn after the 2008 Lehman Brothers collapse. “Our banking sector is resilient, with strong capital and liquidity positions,” the leaders of the 27 EU countries said in a statement at the […]

WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy accused President Joe Biden on Friday of not caring about the budget and debt ceiling enough to hold talks with House Republicans about their differences. “Unfortunately the President doesn’t think it’s important,” McCarthy told reporters when asked about how talks on the debt ceiling were going. The two men held one preliminary meeting in February. Biden and leading Democrats in […]