(Reuters) – Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million from crypto exchange FTX hours after it filed for bankruptcy, Bloomberg News reported on Tuesday citing a person familiar with the case. The criminal probe into the stolen assets, launched by the Department of Justice is separate from fraud case…
(Reuters) – Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further stifled demand, a pair of closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home…
(Reuters) – Sam Bankman-Fried’s criminal case stemming from the collapse of the FTX crypto exchange that he founded was assigned to U.S. District Court Judge Lewis Kaplan in Manhattan, according to a Tuesday court filing. (Reporting by Tom Hals in Wilmington, Delaware)
(Reuters) – The Dow Jones opened higher on Tuesday after China further relaxed its COVID-19 curbs by scrapping the quarantine rule for inbound travelers, while a drop in Tesla shares weighed on the Nasdaq. The Dow Jones Industrial Average rose 20.30 points, or 0.06%, at the open to 33,224.23. The S&P 500 opened lower by…
(Reuters) – U.S. stock index futures rose on Tuesday after China further relaxed its COVID-19 curbs, fuelling hopes of a recovery in the world’s second largest economy. China said it would stop requiring inbound travelers to go into quarantine starting Jan. 8, a major step in reopening its borders, adding that it would also downgrade…
SHANGHAI (Reuters) – Tesla plans to run a reduced production schedule at its Shanghai plant in January, extending the reduced output it began this month into next year, according to an internal schedule reviewed by Reuters. Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric…
By Alex Lawler LONDON (Reuters) -Oil hit a three-week high on Tuesday as China’s latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to U.S. energy production caused by winter storms. China will stop requiring inbound travellers to go into quarantine, starting from Jan. 8, the…
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) has modified its stimulus measures to ease the transition away from an unconventional monetary policy when Governor Haruhiko Kuroda retires in April, former top currency diplomat Takehiko Nakao told Reuters in an interview. Prolonged monetary easing has amplified side effects such…
BEIJING (Reuters) -China will step up financial support to small and private businesses in the catering and tourism sectors that were hit hard by the COVID-19 epidemic, the country’s banking and insurance regulator said in a statement on Tuesday. Contact-intensive services sector suffered the most amid China’s anti-virus curbs which shut many restaurants down and…
TOKYO (Reuters) – The Japanese government has requested insures to take on additional risks to continue providing marine war insurance for liquefied natural gas (LNG) shippers in Russian waters, a senior official at the industry ministry said. The Financial Services Agency and Agency for Natural Resources and Energy made the request in a letter to…
