(Reuters) – Memory chip firm Western Digital Corp forecast fourth-quarter revenue below Wall Street estimates and a bigger current-quarter loss, signaling that memory chip demand will take longe[...]
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May 8, 2023
US judge temporarily suspends six creditors from joining Citgo auction
By Marianna Parraga HOUSTON (Reuters) – A U.S. court of appeals has granted Venezuela a temporary stay preventing six companies from joining a proposed court auction of shares in a Citgo Petrole[...]
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Crypto stocks drop after Binance halts bitcoin withdrawals for hours
By Jaiveer Shekhawat (Reuters) -Shares of cryptocurrency- and blockchain-related companies fell in early trading hours on Monday after Binance halted its bitcoin withdrawals for several hours due to h[...]
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EU draft Data Act puts trade secrets at risk, Siemens, SAP say
By Foo Yun Chee BRUSSELS (Reuters) – German business software maker SAP and German engineering company Siemens have joined U.S. tech giants in criticising draft EU laws on the use of data genera[...]
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Reignited fire put out at Shell’s Texas chemicals plant
(Reuters) – Shell Plc on Monday said the reignited fire at its chemicals facility in the Houston suburb of Deer Park, Texas, was extinguished Sunday night but intermittent flaring could continue[...]
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Regulators’ concern over TD anti-money-laundering practices helped scuttle First Horizon deal – WSJ
(Reuters) -Toronto-Dominion Bank’s handling of “suspicious” customer transactions was behind regulators’ refusal to approve the lender’s $13.4 billion deal to buy First H[...]
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Fed says banking sector looks set to weather recent turmoil
WASHINGTON (Reuters) – The U.S. banking sector overall appears well-positioned to weather recent industry turmoil, but the experience could still weigh on credit conditions in the future, the Fe[...]
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Yellen is calling CEOs personally to warn on US debt ceiling -sources
By Andrea Shalal WASHINGTON (Reuters) – Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the “catastrophic” impact a U.S. default on[...]
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Credit Suisse economist Zoltan Pozsar leaves the bank – WSJ
(Reuters) – Zoltan Pozsar, a widely followed Credit Suisse markets guru, has left the bank, part of an exodus of staff that started in the months before the lender’s shotgun takeover by ri[...]
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