KUALA LUMPUR (Reuters) – McDonald’s Malaysia has sued a movement promoting boycotts against Israel for “false and defamatory statements” that it says hurt its business, seeking[...]
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December 30, 2023
Analysis-How China talked markets out of a run on the yuan
SINGAPORE (Reuters) – In recent months, China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to bankers. The strategy of moral suasion marks a[...]
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OpenAI annualized revenue tops $1.6 billion- The Information
(Reuters) – OpenAI’s annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October, the Information reported on Saturday[...]
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China’s central bank agrees Ant Group’s Alipay has no controller
BEIJING (Reuters) – China’s central bank has agreed that popular payment app Alipay has no controller following a sweeping business overhaul of Jack Ma’s Ant Group, the fintech giant[...]
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Swiss financial watchdog wants to examine clawing back bankers’ bonuses
ZURICH (Reuters) – Switzerland’s financial regulator wants to discuss the ability to claw back bonuses from bankers as part of stronger powers following the fall of Credit Suisse and sale[...]
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Sam Bankman-Fried Will Not Face a Second Trial
By Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-b[...]
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US judge allows FTC to temporarily block IQVIA acquisition of DeepIntent
By GursimranKaur Mehar and Mrinmay Dey (Reuters) -A U.S. court on Friday upheld a Federal Trade Commission (FTC) order to block IQVIA’s acquisition of DeepIntent, a healthcare advertising firm, as it[...]
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McKinsey to pay $78 million in US opioid settlement with health plans
By Nate Raymond (Reuters) – Consulting firm McKinsey & Co has agreed to pay $78 million to resolve claims by U.S. health insurers and benefit plans that it fueled an epidemic of opioid addic[...]
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History shows strong 2023 could keep US stocks on path for 2024 gains
By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any guide. The S&P 500 ended the year on Friday with a[...]
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