By Hannah Lang and Susan Heavey WASHINGTON (Reuters) -FTX founder Sam Bankman-Fried denied knowing that deposits were being used to pay its affiliated cryptocurrency trading firm Alameda Research, he told ABC News in an interview that aired on Thursday. That interview occurred less than a day after Bankman-Fried appeared via video link at the New …
WASHINGTON (Reuters) – The collapse of Bahamas-based cryptocurrency exchange FTX points up the need for the United States to cooperate with other countries to develop effective international regulations for the crypto sector, U.S. Deputy Treasury Secretary Wally Adeyemo said on Thursday. Adeyemo told the Reuters NEXT conference that it was important to erect regulatory regimes …
REUTERS NEXT: U.S. Treasury’s Adeyemo calls for global cooperation on crypto regulations Read More »
By Ross Kerber (Reuters) – Florida’s Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc, the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets …
Florida pulls $2 billion from BlackRock in largest anti-ESG divestment Read More »
By Ankika Biswas and Noel Randewich (Reuters) – Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve’s interest rate hikes are working. On Wednesday, the S&P 500 surged over 3% on optimism the Fed might moderate its campaign of …
Wall Street ends mixed; Salesforce selloff pressures Dow Read More »
By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Thursday as investors reduced bets on another oversized interest rate hike by the Bank of Canada next week and despite the greenback losing ground against some major peers. The loonie was trading 0.2% lower at 1.3430 to the greenback, or …
C$ dips against greenback; falls harder vs other G10 currencies Read More »
By Marianna Parraga HOUSTON (Reuters) – U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes chartered by Chevron Corp under a newly issued U.S. license, two people familiar with the matter said. The Biden administration last week authorized Chevron to expand operations in Venezuela and …
U.S. oil refiner Valero, rivals pursue Chevron for Venezuelan crude Read More »
By Howard Schneider NEW YORK (Reuters) – With central banks ratcheting up their response to a global inflation shock, debate is shifting from when they’ll win the war to whether faster rising prices are here to stay in a supply-constrained world. The risks of an emerging era of high-inflation have been sketched out by top …
Inflation may be peaking, but doubts emerge about its decline Read More »
By Diane Bartz WASHINGTON (Reuters) – The attorneys general of California, Illinois and Washington D.C. asked a federal court on Thursday for a preliminary injunction that would prevent Albertsons Companies Inc, which is being purchased by rival Kroger Co, from paying a $4 billion dividend to shareholders. The state officials said in a court filing …
California, others ask court to temporarily stop $4 billion Albertsons dividend payment Read More »
NEW YORK (Reuters) – Inflation may be peaking in the United States, but remains high and ‘daunting’ in other parts of the world, World Bank Group President David Malpass said on Thursday. Malpass told the Reuters NEXT conference that the global outlook pointed to slow growth and “stubbornly high” inflation, with a lot of countries …
World Bank’s Malpass says inflation may be peaking in U.S., still ‘daunting’ elsewhere Read More »
By Jonathan Stempel NEW YORK (Reuters) – CarMax Inc, the largest U.S. used car retailer, agreed to pay $1 million to resolve claims by 36 states that it failed to disclose open safety recalls to consumers before selling vehicles to them. Thursday’s settlement followed a multistate probe led by Illinois Attorney General Kwame Raoul that …
CarMax settles charges it did not disclose U.S. vehicle recalls Read More »
