By Nate Raymond (Reuters) – Coinbase Global Inc cannot force former customers to use private arbitration rather than the courts to resolve claims over a Dogecoin sweepstakes the cryptocurrency e[...]
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December 16, 2022
Blackstone’s real estate fund for wealthy prompts SEC queries – Bloomberg News
(Reuters) – The U.S. Securities and Exchange Commission (SEC) has reached out to Blackstone Inc following an increase in investors pulling money from its real estate fund, Bloomberg News reporte[...]
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U.S. opens safety probe into autonomous driving system in GM’s Cruise vehicles
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Friday they have opened a formal safety probe into the autonomous driving system in vehicles produced by General Motors Co[...]
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World Bank’s IFC sees ‘huge’ potential to boost investment in Africa
By Andrea Shalal WASHINGTON (Reuters) – The World Bank’s private investment arm sees huge potential to boost investment in Africa and help support entrepreneurship and digital transformati[...]
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Earthquake impact adds to some Texas oil producers’ costs
By Liz Hampton (Reuters) -U.S. shale oil producers are facing higher costs in the nation’s largest oil field after regulators restricted the use of some wastewater disposal wells in west Texas a[...]
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FTX’s Bankman-Fried could face long road to fraud trial
By Jack Queen (Reuters) – FTX founder Sam Bankman-Fried was swiftly indicted after the collapse of his crypto empire, but a trial in New York is likely more than a year away as prosecutors build[...]
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Frugal retail clients prompt Accenture warning on weak consulting business
By Yuvraj Malik -Accenture Plc warned that a pullback in spending from clients who were postponing business improvement projects, especially in retail, was hurting its consulting business and forecast[...]
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Bank of Montreal raises C$2.6 billion in share sale to boost capital buffer
(Reuters) – Bank of Montreal said it has raised C$2.6 billion ($1.9 billion) by issuing new shares after Canada’s financial regulator asked lenders to set aside more capital to deal with a[...]
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Fed could hold rates at peak into 2024, Daly signals
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Friday said it’s a “reasonable” to think that once the Fed policy rate gets to its peak, it will stay there for n[...]
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