Reuters US Business

By David Lawder NUSA DUA, Indonesia (Reuters) – With odds of a split U.S. Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on U.S. debt posed a “huge threat” to America’s credit rating and functioning of U.S. financial markets. Yellen told Reuters in an interview in New Delhi …

Exclusive: As split Congress odds increase, Yellen warns of need to lift debt ceiling Read More »

(Reuters) – FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help meet liabilities, the Wall Street Journal reported on Saturday. Reuters reported Friday that FTX founder and former CEO Sam Bankman-Fried had secretly transferred $10 billion …

Alameda, FTX executives knew crypto exchange was using customer funds – WSJ Read More »

NEW YORK (Reuters) – FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America after the exchange filed for bankruptcy and he was removed as chief executive. When asked by Reuters whether he had flown to Argentina, Bankman-Fried responded in …

FTX founder Bankman-Fried says he is in the Bahamas Read More »

(Reuters) – Galois Capital is the latest hedge fund caught off guard after close to half its assets were trapped on collapsed crypto exchange FTX, the Financial Times said on Saturday, estimating the amount to be around $100 million. Galois co-founder Kevin Zhou wrote to investors in recent days that while the fund had been …

Hedge fund Galois Capital says half its capital stuck on FTX exchange -FT Read More »

(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, stayed relatively stable in the third quarter compared to the year-ago period as both revenues and costs grew, the company said in a statement on Friday. The firm’s net profit for the three-month period stood at 400.30 billion pesos ($83.29 million), dipping 2% year-on-year. …

Colombia’s Grupo SURA posts near-stable Q3 profit as revenues, costs grow Read More »

SYDNEY (Reuters) – Australia on Saturday formalised a new cyber-policing model in a stepped-up effort to “hunt down” cyber criminal syndicates, following recent hacks impacting millions of Australians. Australia’s biggest health insurer, Medibank Private Ltd, last month was hit by a massive cyber attack, as Australia grapples with a rise in damaging hacks. At least …

Australia unveils joint cyber police taskforce to ‘hunt down’ hackers Read More »

(Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a liquidity crisis that has prompted intervention from regulators around the world. FTX, its affiliated crypto trading fund Alameda Research and about 130 other companies have commenced voluntary Chapter 11 bankruptcy proceedings in Delaware, FTX said. …

Crypto markets in turmoil over FTX bankruptcy Read More »