By Zeba Siddiqui and James Pearson SAN FRANCISCO/LONDON (Reuters) – A cybercriminal group named Lockbit, which on Friday said it breached the Industrial and Commercial Bank of China(ICBC), has h[...]
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November 10, 2023
Wynn Resorts reaches deal with Las Vegas unions, avoiding strike
By Shivansh Tiwary and Doyinsola Oladipo (Reuters) -Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts hours before a strike deadline, their unions said on Friday, endin[...]
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Koc Holding revokes pact with Ford, LG Energy Solution for Turkey battery JV
By Ebru Tuncay and Heekyong Yang ANKARA/SEOUL (Reuters) – Turkey’s Koc Holding said on Friday it revoked an earlier agreement with Ford and South Korean battery maker LG Energy Solution (L[...]
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Hedge funds short US financial stocks at near record levels -Goldman Sachs
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying[...]
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Exclusive-Google in talks to invest in AI startup Character.AI -sources
By Krystal Hu (Reuters) – Alphabet’s Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital[...]
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Biden officials reject Moody’s shift to ‘negative’ outlook, point to Republican ‘dysfunction’
WASHINGTON (Reuters) – Top Biden administration officials on Friday rejected a decision by Moody’s ratings agency to downgrade its U.S. economic outlook to negative from stable, calling th[...]
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Exclusive-ICBC injected capital into U.S. unit after hack – sources
NEW YORK (Reuters) – Industrial and Commercial Bank of China (ICBC) injected significant capital into its U.S. unit to help settle trades after it was hacked this week and has hired a third part[...]
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Exclusive-ICBC hack led to unit temporarily owing BNY $9 billion – sources
NEW YORK (Reuters) -Industrial and Commercial Bank of China’s hack left its U.S. unit temporarily owing Bank of New York Mellon $9 billion as a result of unsettled trades, prompting the parent t[...]
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Yellen warns Beijing: Chinese firms aiding Russia face ‘significant consequences’
By David Lawder and Ann Saphir SAN FRANCISCO (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said the U.S. government had seen evidence that Chinese firms may be aiding in the flow of[...]
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