By Jared Higgs, Jasper Ward and Maria Alejandra Cardona NASSAU (Reuters) -Proceedings are set to resume on Wednesday in Sam Bankman-Fried’s Bahamas court case, after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Officials with the FBI and the…
By Anirban Sen and Pamela Barbaglia NEW YORK/LONDON (Reuters) -Merger and acquisition (M&A) activity globally fell well short of the high-water mark set last year as debt financing markets collapsed and stock market volatility decimated valuations, with dealmakers predicting a slow path to recovery in 2023. The total value of M&A had fallen 37% to…
(Reuters) – Cinema chain AMC Entertainment Holdings said on Wednesday it was no longer in talks to acquire bankrupt Cineworld Group after initial talks with certain lenders. (Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber)
(Reuters) – Russian President Vladimir Putin presided over the launch of a major new Siberian gas field on Wednesday to help drive a planned surge in supply to China. The Kovykta gas field will feed into the Power of Siberia pipeline carrying Russian gas to China. With recoverable reserves of 1.8 trillion cubic metres, it…
By Jared Higgs and Maria Alejandra Cardona NASSAU (Reuters) – Proceedings are set to resume on Wednesday in Sam Bankman-Fried’s Bahamas court case, after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Federal prosecutors in Manhattan last week charged…
By Shadia Nasralla LONDON (Reuters) -Oil prices rose on Wednesday after data suggested a larger than expected draw in U.S. crude stockpiles, but gains were capped by growing concerns over demand in China and a snow storm that is expected to hit U.S. travel. Brent crude futures were up 93 cents, or 1.15%, at $80.92…
By Alexander Marrow MOSCOW (Reuters) -The rouble plunged to its weakest level since early May past 70 against the dollar on Wednesday, taking its monthly losses to almost 14% as fears over sanctions on Russian oil and gas spooked the market. By 0939 GMT, the rouble was down 2.5% against the dollar at 70.60, after…
By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips said on Wednesday independent tests on its respiratory devices involved in a major global recall had shown limited health risks. The company rocked investors last year by recalling millions of breathing devices and ventilators used to treat sleep apnea, because foam used to dampen…
(Reuters) – Billionaire Elon Musk said on Tuesday he will step down as chief executive of Twitter Inc once he finds a replacement, but will still run some key divisions of the social media platform. “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I…
MOSCOW (Reuters) – The rouble plunged to its weakest level since early May past 70 against the dollar in early trade on Wednesday, extending weekly losses with fears over sanctions on Russian oil and gas spooking the market. At 0608 GMT, the rouble was down 1.9% against the dollar at 70.20, after hitting 70.6775 earlier….
