NEW YORK (Reuters) – New York’s attorney general on Thursday sued KuCoin for failing to register with the state before letting investors buy and sell cryptocurrencies on its platform, as part of her effort to rein in what she calls “shadowy” cryptocurrency companies. Attorney General Letitia James said KuCoin has not registered as a broker-dealer …
New York sues KuCoin, expands cryptocurrency crackdown Read More »
By Pete Schroeder WASHINGTON (Reuters) – The top regulatory official for the U.S. Federal Reserve said cryptocurrency technology still could have “potential transformative” effects on the financial system, but needs “guardrails” to realize them. Fed Vice Chair for Supervision Michael Barr said recent turmoil in crypto markets make clear the sector could still pose a …
Fed’s Barr says crypto needs ‘guardrails’ to realize benefits Read More »
(Reuters) – Australia’s so-called ‘Big Four’ banks said on Thursday they would pass on the central bank’s latest quarter-percentage point interest rate hike in full to their home loan customers. The move comes as the lenders continue to move in lockstep with the Reserve Bank of Australia (RBA), which raised its official cash rate by …
Australia’s ‘Big Four’ banks to hike home loan rates to match RBA move Read More »
By Harshita Swaminathan (Reuters) – Investors turned even more bearish on Asian currencies after China’s tepid growth target and the U.S dollar’s renewed strength after the Federal Reserve chair warned of higher and faster interest rates. Bearish bets intensified on nearly all Asian currencies, with short bets on the South Korean won and the Chinese …
Investors turn more bearish on Asian FX amid return of King Dollar: Reuters Poll Read More »
By Rodrigo Campos NEW YORK (Reuters) – Emerging markets are facing their demons as traders mull whether U.S. Federal Reserve interest rates will rise as high as 6%, a level that could kick weaker countries when they’re down, while diverging global growth paths and China’s reopening might cushion some of the blow for the bigger …
Frontier countries to suffer most if Fed rate gets to 6% -analysts Read More »
By Helen Reid LONDON (Reuters) -Adidas, burnt by the end of its tie-up with the artist formerly known as Kanye West, needs a new focus but should think more tactically about fresh celebrity partnerships and not count so much on one personality, industry experts said. New chief executive Bjorn Gulden on Wednesday stood by the …
Adidas, burnt by Kanye West split, seeks a new focus Read More »
By Clare Jim and Xie Yu HONG KONG (Reuters) – China Evergrande Group is aiming to unveil some debt restructuring terms before the next winding-up court hearing on March 20 in order to seek another adjournment, two sources with knowledge of the matter told Reuters. The world’s most indebted property developer has been trying to …
China Evergrande races court deadline on debt restructuring terms -sources Read More »
A look at the day ahead in European and global markets from Tom Westbrook Factory-gate prices stopped falling in China last month, but did not rise and in annual terms remain negative – a welcome piece of news on Thursday for Western central bankers who are starting to run into difficulty in heading off sticky …
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist hedge funds that often push companies to sell themselves or divest divisions are increasingly calling for top executives to be replaced, a change in tactics driven by a slowdown in mergers and acquisitions (M&A). These investors called for the removal of personnel at 60 U.S. companies last …
With dealmaking slowing, activist hedge funds target companies’ top brass Read More »
By Luc Cohen NEW YORK (Reuters) -Since his December arrest on fraud charges, FTX founder Sam Bankman-Fried and his lawyers have suggested part of his defense will be seeking to distance himself from the day-to-day operations of the now-bankrupt cryptocurrency exchange. But new accusations against him and a third former member of his inner circle …
Bankman-Fried’s bid to shift blame complicated by new charges Read More »
