By Matt Tracy WASHINGTON (Reuters) – A group of banks led by Bank of America and Citigroup have funded Apollo Global Management’s acquisition of auto parts supplier Tenneco without being a[...]
Read more
Economy
Explainer-What’s next in FTX’s bankruptcy
By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more[...]
Read more
Analysis-Reluctant buyers pose main threat to Beijing’s property revival efforts
By Liangping Gao, Ziyi Tang and Clare Jim BEIJING/HONG KONG (Reuters) – A slew of recent supportive measures will bring China’s cash-strapped property developers much needed relief, but a[...]
Read more
Tumbling bitcoin overshadows El Salvador’s crypto conference
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador’s long-awaited bitcoin conference, which was in the limelight in 2021 after the small nation became the world’s first to adopt[...]
Read more
Factbox-FTX’s new CEO assesses the exchange’s failings
By Tom Hals (Reuters) – John J. Ray III, the new chief executive of bankrupt cryptocurrency exchange FTX, on Thursday laid out his assessment of the failures that led to the biggest collapse in[...]
Read more
Mark Cuban-backed fintech Dave says no customers exposed to FTX
By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Entrepreneur Mark Cuban-backed Dave Inc said on Thursday none of its customers were exposed to FTX and it has not launched any products in partnershi[...]
Read more
Analysis-U.S. regulators could be pressured by slim Republican House control
By Ross Kerber and Chris Prentice BOSTON/ WASHINGTON (Reuters) – With the U.S. House of Representatives under their control, Republicans have a new pulpit to try to constrain President Joe Biden[...]
Read more
Krispy Kreme settles U.S. charges it skimped on overtime pay
By Jonathan Stempel (Reuters) – Krispy Kreme Inc agreed to pay $1.19 million to settle U.S. Department of Labor charges it failed to properly pay overtime to several hundred workers, the agency[...]
Read more
TSX falls to 9-day low as commodity prices slide
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell on Thursday to its lowest closing level in nine days, tracking weakness in oil and metal prices as investors worried abou[...]
Read more