By Christopher Bing and Raphael Satter WASHINGTON (Reuters) -A North Korean government-backed hacking group penetrated an American IT management company and used it as a springboard to target cryptocu[...]
Read more
July 20, 2023
Asia’s private credit markets thrive as desperate borrowers find lenders
By Rae Wee SINGAPORE (Reuters) – When global commercial real estate services firm JLL found public debt and loan markets were averse to funding a property project in Arizona, it turned to privat[...]
Read more
Judge throws out Citigroup ex-trader’s lawsuit tied to foreign exchange probe
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge threw out a $112 million lawsuit by a former senior London-based trader for Citigroup, who accused the bank of falsely implicating him in a[...]
Read more
CSX misses quarterly revenue estimates on waning volumes
By Amna Karimi (Reuters) -U.S. railroad operator CSX Corp missed Wall Street estimates for second-quarter revenue on Thursday, hit by a decline in intermodal volumes and lower fuel prices. “We e[...]
Read more
As China embraces membership stores, Sam’s Club expansion gathers pace
By Sophie Yu and Brenda Goh BEIJING (Reuters) – Every other Sunday, Beijing-based tennis coach Liu Zheng follows a routine: breakfast with her husband, a visit to a supermarket and then a drive[...]
Read more
The world’s cheapest Domino’s pizza is in inflation-hit India. It costs $0.60
By Praveen Paramasivam and Aditya Kalra CHENNAI/NEW DELHI (Reuters) – Q: How does the world’s biggest pizza brand respond to high inflation in the world’s most populous nation? A: Wi[...]
Read more
Marketmind: Fragile Friday as big tech finally falters
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The bigger they are, the harder they fall. The old maxim wasn’t ori[...]
Read more
Biden asks aides for options preventing future debt limit crisis
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden asked a group of aides to explore “all legal and policy options” to prevent another debt limit standoff, the White[...]
Read more
Stellantis unit official pleads guilty to felony in US diesel emissions probe
By David Shepardson WASHINGTON (Reuters) -A Fiat Chrysler auto engineer charged with making misstatements to U.S. regulators about diesel engines’ emission control systems pleaded guilty to a felony,[...]
Read more