SINGAPORE (Reuters) – Cryptocurrencies fell to fresh lows on Monday on regulatory concerns and as investors globally turned shy on risky assets with interest rate rises looming around the world. Bitcoin, the biggest cryptocurrency by market value, fell about 5% to a three-month low of $18,387. Ether, the second largest cryptocurrency, dropped 3% to a …
Bitcoin falls below $19,000 as cryptos creak under rate hike risk Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Interest rate decisions from the Fed, People’s Bank of China, and Bank of Japan – the week ahead doesn’t get much bigger than that, and it couldn’t be coming at a more critical time for Asian and world markets. Investors ran …
By Steven Scheer TEL AVIV (Reuters) – Teva Pharmaceutical Industries expects to finalise an opioid settlement in the United States by year-end and start paying in 2023, its chief executive said on Sunday, while confirming he was unlikely to renew his contract next year. After years of negotiations, Israel-based Teva in July proposed a $4.35 …
Teva Pharm expects to start paying U.S. opioid settlement in 2023 Read More »
(Reuters) – A group of bank regulators appointed by U.S President Joe Biden is considering new rules which will require big regional banks to add financial cushions that can be used in times of crisis, the Wall Street Journal reported on Sunday. The new steps include the regional banks raising long-term debt that will help …
U.S. bank regulators consider new rules for regional banks in times of crisis -WSJ Read More »
By Julie Gordon and Fergal Smith OTTAWA (Reuters) – The underlying pressures driving inflation in Canada are likely to peak in the fourth quarter of this year, economists told Reuters, though most see signs fast rising prices are becoming entrenched and warn a recession may be needed to avoid a spiral. Canada’s inflation data for …
Hot core: Canada may need a recession to cool down inflation Read More »
By Nick Carey (Reuters) – Hydrogen fuel cell maker Loop Energy said on Sunday that its latest cell system can deliver better fuel economy than a diesel engine at current price levels. The Burnaby, British Columbia-based company said that – based on a pan-European diesel cost of $1.91 per litre on Sept. 5 and $10 …
Loop Energy says new hydrogen fuel cell more efficient than diesel engine Read More »
(Reuters) -Executives behind a blank-cheque company Digital World Acquisition Corp that plans to take Donald Trump’s media business public have failed to pay their proxy solicitors, The Financial Times reported on Saturday. https://on.ft.com/3BpVjal Digital World Acquisition Corp, set up by Patrick Orlando, has not paid Saratoga Proxy Consulting for its work helping to rally shareholders, …
Trump SPAC fails to pay proxy firm despite tough hunt for votes – FT Read More »
By Jonathan Stempel NEW YORK (Reuters) -Credit Suisse Group AG reached a $32.5 million settlement to resolve a lawsuit accusing the Swiss bank of misleading shareholders about how well it managed risk, including its exposure to “high-risk” clients such as Archegos Capital Management. A preliminary settlement of the proposed class action was filed on Friday …
Credit Suisse settles U.S. shareholder lawsuit over risk exposure, Archegos Read More »
(Refiles to insert dropped word “like” in quote, paragraph 4) By Stephen Culp NEW YORK (Reuters) -U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors’ flight to safety at the conclusion of a tumultuous week. All three major U.S. stock indexes …
Wall St drops to two-month lows as recession fears mount Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Starboard Value LP has built a 9% stake in website development platform Wix.com Ltd, the activist hedge fund disclosed in a regulatory filing on Friday. Starboard had been building the stake, and spoke to Wix about how it can improve operations, Reuters reported earlier in the day, citing sources …
Starboard builds stake in website development platform Wix Read More »
