(Reuters) – Bankrupt crypto exchange FTX has hired U.S. crypto firm Galaxy as an advisor to help hedge and sell its crypto holdings, according to court filings made late on Wednesday. Hedging of bitcoin and ether will provide a means to lessen FTX’s exposure to adverse price movements before their sale, the filing said. Galaxy, …
Bankrupt crypto exchange FTX picks Galaxy to manage its digital assets Read More »
By Shaloo Shrivastava and Jonathan Cable BENGALURU/LONDON (Reuters) – The Bank of England is now marginally predicted to make only one more increase to Bank Rate, taking it to 5.50% on Sept 21, though a significant minority of economists polled by Reuters still expect rates to go even higher this year. While other major central …
BoE Bank Rate peak seen at 5.50%, but strong chance of 5.75%: Reuters poll Read More »
ZURICH (Reuters) – Switzerland’s financial regulator looked into the risk of money laundering at 30 banks this spring, FINMA said in an analysis published on Thursday, after identifying shortcomings in the area. “In particular, an adequate definition of the money laundering risk tolerance, which forms the limiting framework of a robust risk analysis through set …
Swiss regulator reviewed money laundering risk at 30 banks Read More »
(Reuters) -Hunting reported first-half core profit that more than doubled on Thursday and announced plans to slim down its non-core assets as the British oil and gas services firm aims to expand its presence in the energy transition markets. Shares fell by 7% in early trading, as its order book came at the lower end …
UK’s Hunting restructures further operations; eyes energy transition market Read More »
NEW YORK (Reuters) – Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have reached a $499 million settlement of an antitrust lawsuit by investors who accused them of conspiring to stifle competition in the stock lending market. The settlement was disclosed on Wednesday in a filing in Manhattan federal court, and also covers EquiLend, a …
Goldman, JPMorgan, Morgan Stanley, UBS in $499 million stock lending settlement Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google, Meta Platforms, Microsoft, Twitter, TikTok and other tech giants should use EU online content rules that apply to them this Friday to restore trust and safety in their platforms, EU industry chief Thierry Breton said on Wednesday. The rules known as the Digital Services Act (DSA) …
EU’s Breton urges Big Tech to use new online content rules to restore trust Read More »
By Paul Sandle and Kate Holton LONDON (Reuters) – The long-running battle between Microsoft and Britain over the Activision Blizzard deal took another twist on Tuesday, raising more questions than answers about the country’s approach to deals in the post-Brexit era. Britain’s Competition and Markets Authority (CMA) has been locked in a dispute with the …
Analysis-UK’s handling of Microsoft deal sows doubts over post-Brexit direction Read More »
AMSTERDAM (Reuters) -Johnson & Johnson’s Janssen division, which helped to develop its single-dose COVID-19 vaccine, will close much of its vaccine research and development operations in the Netherlands, newspaper De Telegraaf reported. In an emailed response on Wednesday, Johnson & Johnson confirmed plans to exit some of its vaccine research and development programmes, which it …
J&J’s Janssen to close part of its vaccine division -Telegraaf Read More »
LONDON (Reuters) -Some of British homeware and household goods discount retailer Wilko’s stores are likely to close after a buyer could not be found for the whole group, administrator PWC said on Wednesday. PWC said that contrary to an earlier statement from the GMB trade union, there were no plans to close stores next week …
Some of UK retailer Wilko’s stores set to close after no buyer found Read More »
By Sam Tobin LONDON (Reuters) – AstraZeneca is facing two London lawsuits, including one from the husband of a woman who died after receiving the Anglo-Swedish drugmaker’s COVID-19 vaccine, in the first of potentially dozens of cases brought in England. Britain was the first country to roll out the at-cost AstraZeneca COVID-19 vaccine in early …
AstraZeneca facing two London lawsuits over COVID-19 vaccines Read More »
