By Sudip Kar-Gupta PARIS (Reuters) – Lab-grown meat producer Uncommon said on Friday it had raised $30 million from investors including OpenAI chief executive Sam Altman. The British-based company’s latest funding round was led by Balderton Capital and Lowercarbon Capital. Others investors included Red Alpine, East Alpha, early stage investor Sam Altman, Miray Zaki and…
(Reuters) -Australian banks could face heightened supervisory attention if they make large exceptions in granting home loans to borrowers who fail to meet an industry standard, the country’s prudential regulator warned on Friday. In a letter to banks, the Australian Prudential Regulation Authority (APRA) reiterated its expectations that lenders should extend home loans only if…
By Julie Zhu and Aziz El Yaakoubi HONG KONG/RIYADH (Reuters) – Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations. Saudi Arabia will be hosting the 10th Arab-China Business Conference,…
By Stella Qiu SYDNEY (Reuters) – The risk of Australia’s economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned it could tighten again to tamp down on high inflation even at the cost of preserving jobs. For a year, Reserve Bank of Australia Governor…
(Reuters) – A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including Mitsubishi UFJ Morgan Stanley Securities, over their sale of AT1 bonds issued by Credit Suisse Group AG, Nikkei reported on Friday. Former Bank of America Securities lawyer Taiju Yamazaki has said he expects his “first…
SEOUL (Reuters) – Borrowing by South Korean households grew in May, marking the biggest increase in 19 months, as demand for mortgages climbs due to a loosening of regulations. Total household borrowing from banks increased by 4.2 trillion won ($3.3 billion) or 0.4% to stand at 1,056.4 trillion won at the end of May, according…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1/2 years last week, but layoffs are probably not accelerating as the data covered the Memorial Day holiday, which could have injected some volatility. The largest increase in applications in nearly…
By Nell Mackenzie, Kirstin Ridley, Maiya Keidan and Carolina Mandl LONDON/TORONTO (Reuters) -Odey Asset Management’s prime brokers, including Goldman Sachs , JPMorgan and Morgan Stanley, are reviewing their relationships with the hedge fund after allegations of sexual misconduct by its founder were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with…
By Matt Spetalnick and Dave Sherwood WASHINGTON/HAVANA (Reuters) -China has reached a secret deal with Cuba to establish an electronic eavesdropping facility on the island roughly 100 miles (160 km) from Florida, the Wall Street Journal said on Thursday, but the U.S. and Cuban governments cast strong doubt on the report. Such a spy installation…
SYDNEY (Reuters) – Commonwealth Bank of Australia, the country’s biggest lender, on Friday put the odds of a recession in Australia this year at 50%, as the impact from the hefty monetary tightening continues to squeeze households. Gareth Aird, head of Australian economics, forecasts economic growth to be 0.7% in the fourth quarter this year,…
