Reuters US Business

By John McCrank NEW YORK (Reuters) – Ken Griffin, the billionaire founder of Citadel Securities, one of the world’s biggest market-making firms, said on Monday he envisions the company entering the cryptocurrency market as a combination of a liquidity provider and an exchange. “Given the institutional increase in interest in cryptocurrency, I think it’s reasonable …

Citadel Securities founder Griffin likens crypto value to abstract art Read More »

By Doyinsola Oladipo and Jeffrey Dastin NEW YORK (Reuters) -Amazon.com Inc workers voted against unionizing a second warehouse in New York City, a ballot count on Monday showed, representing a defeat for labor organizers just weeks after they celebrated their first U.S. win at the nation’s second largest private employer. Employees at the online retailer’s …

Amazon workers vote against unionizing second warehouse in setback for organized labor Read More »

MEXICO CITY (Reuters) – Citigroup’s Mexican consumer banking arm Citibanamex has started to share information with banks and other parties interested in bidding for the country’s No. 3 consumer lender, Citi executives said last month. Mexican President Andres Manuel Lopez Obrador has pledged to “Mexicanize” the unit, floating names of Mexican billionaires and bank owners, …

Factbox-Citigroup’s Mexican consumer banking unit lures various potential bidders Read More »

By Elizabeth Dilts Marshall NEW YORK (Reuters) -New details revealing how Archegos Capital Management founder Bill Hwang hid his fund’s extreme exposure from its lenders raise fresh questions about the risk management policies at these global banks, former regulators and risk experts said. Hwang and Archegos Chief Financial Officer Patrick Halligan were arrested Wednesday on …

Archegos indictment raises fresh questions over banks’ risk management controls Read More »

By Sonali Paul MELBOURNE (Reuters) -Mike Cannon-Brookes, a tech billionaire and climate activist, said he has gained an 11.28% interest in Australia’s AGL Energy, a move that follows the company’s rejection of a $3.8 billion takeover offer he made with Brookfield Asset Management. The off-market purchase by Cannon-Brookes’ Grok Ventures is aimed at blocking a …

Climate activist gains 11% of Australia’s AGL Energy, to vote against company split Read More »

A look at the day ahead from Danilo Masoni. A sharply lower close on Wall Street on Friday will set the tone across Europe this morning, as a busy week for central banks kicks off the new month following a stormy April dominated by concerns about slowing global growth. Disappointing numbers from Amazon sent shares …

Marketmind: Peak hawkishness Read More »

By Marco Aquino LIMA (Reuters) – Peru’s annual inflation rate hit 7.96% in April, its highest level in 24 years, as the copper-producing Andean nation grapples with protests over rising food and energy costs linked to a commodities price spike since Russia’s invasion of Ukraine. The country’s INEI statistics institute said on Sunday that 12-month …

Peru’s annual inflation rate hits 24-year high in April Read More »

By Julie Gordon OTTAWA (Reuters) – The Canadian government’s plan to ease runaway housing prices by rapidly ramping up the pace of home construction risks pushing up construction costs in the near term and could lead to oversupply in the long run, experts said. Vowing to double homebuilding to keep up with population growth and …

Analysis-From boom to glut: Canada’s housing plan could backfire on Trudeau Read More »