(This June 6 story has been refiled to change the corporate name to Bittrex Inc from Bittrex Global in paragraph 16) By Jonathan Stempel, Hannah Lang and John McCrank NEW YORK (Reuters) – The top U.S. securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange,…
By Maxwell Akalaare Adombila and Jorgelina do Rosario ACCRA/LONDON (Reuters) – Ghana has sent a debt restructuring proposal to its official creditors, two sources with direct knowledge of the matter said, as the West African country battles to escape its worst economic crisis in a generation. The “working proposal” is a crucial first step for…
BEIJING (Reuters) – Several Chinese major state banks will lower the yuan deposit rates from Thursday, state media Securities Times reported, a move that could give more room for lower lending costs in an effort to boost the economy. Some big state banks will cut interest rates on demand deposits by 5 basis points to…
(Reuters) -Diageo on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, had died after a brief illness. The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Johnnie…
(Reuters) -Australia’s trade minister Don Farrell has warned the European Union that he will not sign on a trade deal unless the bloc opens its market to more Australian farm products, the Financial Times reported on Wednesday. Farrell said an agreement with the bloc was possible only if the EU backed down on its demands…
By Selena Li HONG KONG/BEIJING (Reuters) -Citigroup’s Jane Fraser said the U.S. bank will continue to expand its Chinese business, China’s new financial regulator said, during her first visit to the country since becoming CEO. As Beijing pushes to attract more foreign capital, the National Financial Regulatory Administration (NFRA) said that Fraser held a meeting…
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to rally over the coming 12 months as pressure grows on the Bank of Canada to resume its interest rate hiking campaign and some of the appeal of the U.S. dollar potentially fades, a Reuters poll showed on Wednesday. While the loonie was expected…
By Yoruk Bahceli (Reuters) -The European Union launched a survey on Wednesday to identify ways to boost the trading and appeal of bonds it sells, the latest effort to get investors to treat the EU as a government borrower. The bloc is surveying market participants to help identify ways to increase liquidity in its bonds…
By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) – Japan’s negative interest rate policy is likely to be in place for the next year, as the central bank is committed to keeping borrowing costs low to grease the wheels of the economy, Nomura Asset Management told Reuters. The Bank of Japan is the only major…
By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Barclays is studying options for its global payments activities as a part of broader review into how it allocates resources, two people familiar with the matter told Reuters. Britain’s third-biggest bank has in recent weeks been sounding out consultants to analyse whether some of the…
