By Hannah Lang WASHINGTON (Reuters) – Partnerships between banks and financial technology companies are a net-positive for consumers when done responsibly, the Treasury Department will say in a[...]
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Economy
FTX’s Bahamas unit seeks Chapter 15 bankruptcy protection -filing
(Reuters) – FTX’s Bahamas unit, FTX Digital Markets, is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, a court filing showed on Tuesda[...]
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ECB must keep inflation fight as top priority, de Guindos says
FRANKFURT (Reuters) – The European Central Bank must prioritize its fight against high inflation because that will in turn improve the currency bloc’s overall financial stability, ECB Vice[...]
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Barclays cuts 2023 global growth forecast, expects weakest growth in four decades
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive[...]
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Binance CEO Zhao: Significant interest in crypto industry recovery fund
By Rachna Uppal ABU DHABI (Reuters) -Binance Chief Executive Changpeng Zhao said on Wednesday there was significant interest from industry players in a recovery fund his company plans to launch to hel[...]
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Amazon’s cloud computing unit plans to invest 2.5 billion euros in Spain, to support 1,300 jobs
MADRID (Reuters) – Amazon’s cloud computing unit AWS plans to invest 2.5 billion euros ($2.60 billion) in Spain over the coming 10 years, supporting 1,300 full-time jobs in the country, th[...]
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UK bond dealers see jump in gilt issuance for 2023/24 – Reuters poll
By David Milliken LONDON (Reuters) – Bond dealers expect Britain to trim debt issuance plans for the current financial year, compared with those made just after September’s “mini-bud[...]
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Column-Housing storm leaves UK exposed, skews policy: Mike Dolan
By Mike Dolan LONDON (Reuters) – If financial markets bore the brunt of this year’s interest rate shock, housing now stands in the firing line. And a residential real estate quake would hu[...]
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Toyota revamps Prius in bid to give hybrids back their halo
By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor Corp rolled out a 2-litre plug-in version of its Prius on Wednesday, in an attempt to reboot the 25-year-old hybrid that was once at the cuttin[...]
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