(Reuters) -The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy on Friday, one of the highestprofile crypto blowups, after traders rushed to withdraw $6billion from the platform in just 72…
NEW YORK (AP) — Holiday celebrants in Hilo, Hawaii, might notice something different about the traditional Yule Log cake from the Short ’N Sweet bakery this year. Maria Short typically makes her popular $35 bûche de Noël with two logs combined to look like a branch. This year, thanks to soaring prices for eggs and…
PRAGUE (Reuters) – The Czech National Bank is unlikely to have to intervene in currency markets as much as it has in recent months when pressure against the crown was strong, Vice-Governor Eva Zamrazilova said on Sunday. The central bank has intervened to prop up the crown since May as part of efforts to fight…
By Lewis Krauskopf NEW YORK (Reuters) -Hopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though some investors believe still-high valuations and doubts over the companies’ earnings outlooks may make a sustained reversal elusive. The tech-heavy Nasdaq Composite index rose 8.1% this week to notch its biggest weekly gain…
By Francesco Guarascio HANOI (Reuters) – German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade. Scholz’s stop in Vietnam on his way to the G20 leaders’ summit in Indonesia, highlights…
NUSA DUA, Indonesia (Reuters) – The U.S. Treasury Secretary Janet Yellen on Sunday said that the Democrats’ clinching of U.S. Senate control makes things easier for the Biden administration, but she would still like to see a debt ceiling increase approved before year-end in Congress’s post-election “lame duck” session. Yellen told reporters on the sidelines…
BEIJING (Reuters) – U.S. automaker Tesla said on Sunday it will assist Chinese police investigating a crash involving one of its Model Y cars after local media reports said two people had died and three were injured when the driver lost control of the vehicle. The incident on Nov. 5 in the southern province of…
(Reuters) – Cryptocurrency exchange Binance has stopped accepting deposits of FTX’s FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do the same. FTX, which filed for bankruptcy on Friday, was engulfed in more chaos on Saturday when the crypto exchange said it had detected unauthorized…
(Reuters) -Blackrock Inc has put off the launch of an exchange traded fund (ETF) that invests in Chinese bonds, amid growing tension between Washington and Beijing, the Financial Times said on Saturday. The world’s largest money manager has “indefinitely” shelved the ETF, the newspaper said, citing people familiar with the decision. According to one of…
BEIJING (Reuters) – Chinese regulators have asked financial institutions to extend more support to property developers to shore up the sector, two sources with direct knowledge of the matter said on Sunday. A notice to the institutions from the People’s Bank of China and the China Banking and Insurance Regulatory Commission covered 16 steps, such…
