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[...]
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Europe
Dollar rises with bets on hawkish Fed; sterling drops
By Sinéad Carew and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials[...]
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EU wrestles with Payment for Order Flow share trading rules
By Huw Jones LONDON (Reuters) – European Union states edged closer on Thursday to ditching a proposed ban on brokers earning fees in return for directing stock trades to specific trading platfor[...]
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‘Wave’ of lawsuits over FTX expected, but investors will face legal hurdles
By Jody Godoy (Reuters) – A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange[...]
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Oil falls on worries of U.S. rate hikes, China demand outlook
By Arathy Somasekhar HOUSTON (Reuters) -Oil fell more than 3% on Thursday as rising numbers of COVID-19 cases in China and the suggestion of higher interest rates than currently expected in the United[...]
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Chrysler recalling 280,000 heavy-duty trucks for fire risks
By David Shepardson WASHINGTON (Reuters) – Chrysler-parent Stellantis is recalling 280,000 Ram heavy-duty diesel trucks worldwide for fire risks, a filing with the National Highway Traffic Safet[...]
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Merck picks Goldman Sachs to launch pigments sale in 2023 – sources
By Emma-Victoria Farr and Ludwig Burger FRANKFURT (Reuters) – German diversified group Merck KGaA has tapped Goldman Sachs to revive a $1 billion sale of its pigments division after previous att[...]
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Meta’s WhatsApp makes Brazil a key test market for business messaging
By Katie Paul (Reuters) – Meta Platforms said on Thursday its WhatsApp messaging service will introduce a commercial directory and test a payments tool in Brazil, as it bets on business messagin[...]
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As recession looms, British business sends out lending SOS
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -As inflation rockets and recession looms, many British businesses are struggling to secure affordable bank finance, piling pressure[...]
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