By Angus Berwick and Tom Wilson LONDON (Reuters) – The U.S. affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees’ social media posts. One of the…
By Elizabeth Howcroft LONDON (Reuters) -Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth…
By Humeyra Pamuk WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken goes to Beijing this weekend with expectations low that he will make headway on the long list of disputes between the United States and China. But he and his Chinese counterparts can achieve at least one thing, say analysts – show that the…
By Luana Maria Benedito and Gabriel Burin SAO PAULO/BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its key interest rate unchanged on Wednesday for the last time in a policy hold period that began last year, according to a Reuters poll of economists who expect the first rate reduction to come soon….
By Simon Johnson, John O’Donnell and Marie Mannes STOCKHOLM/FRANKFURT (Reuters) -Sweden’s government is ready to step in to stem the fallout from a property rout if tumbling prices cause a wider crisis – a potential harbinger of trouble across Europe. High debts, rising interest rates and a wilting economy has produced a toxic cocktail for…
MEXICO CITY (Reuters) -Mexican Interior Minister Adan Augusto Lopez has resigned from his post to compete for the ruling party’s candidacy in next year’s presidential elections, President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador said during a regular press conference that the interior minister had resigned the day before. Lopez later confirmed his…
By Michael S. Derby NEW YORK (Reuters) – The New York Fed’s in-house economic forecasting model is predicting a notably brighter economic future for the U.S. relative to three months ago, the bank said Friday. The model, which the bank stresses is not an official projection of the bank but a tool for policymakers to…
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management has suspended further funds after increased investor redemptions, letters posted on the fund’s website showed. The hedge fund, once run by one of Britain’s best known star managers, Crispin Odey, has grappled with investor flight after the founder became the focus of sexual misconduct allegations in media…
By Charlotte Greenfield (Reuters) -The Taliban’s acting governor of the Afghan central bank met China’s ambassador this week to discuss banking relations and business, the bank’s spokesperson told Reuters on Friday. Afghanistan’s banking system has been severely hampered by U.S.-led sanctions, a drop in liquidity from frozen central bank assets and a cut in development…
By Leigh Thomas PARIS (Reuters) – One of the two pillars of a global corporate tax overhaul due to come into force next year is at risk of collapsing as plans over how to share taxing rights on the 100 biggest, most profitable multinationals fall victim to domestic U.S. politics. Nearly 140 countries are supposed…
