(Reuters) – Financial regulators in the Bahamas on Monday appointed liquidators to run FTX’s unit in the country, just days after authorities said they were looking for any “criminal misconduct” by the collapsed crypto exchange. The Securities Commission of The Bahamas said it had won court approval and appointed two members from PwC to oversee…
(Reuters) – Spanish consumer prices rose 7.3% year-on-year in October, down from 8.9% in the period through September, final data released by the National Statistics Institute showed on Tuesday. Analysts polled by Reuters saw the 12-month inflation through October at 7.3%, the same as the flash estimate released two weeks ago. Core inflation, which strips…
LONDON (Reuters) – Britain’s unemployment rate rose to 3.6% in the three months to September and vacancies fell for a fifth time in a row as employers worried about the outlook for the economy, the Office for National Statistics said on Tuesday. Economists polled by Reuters had expected the jobless rate to remain at 3.5%….
MUMBAI (Reuters) -The Reserve Bank of India is likely to opt for a 35 basis points (bps) rate hike at its policy meeting in December, after three consecutive 50 bps increases, as inflation eased in October and is likely to dip further, analysts said. The RBI has already raised rates by 190 bps since May,…
By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – Japanese medical equipment maker Olympus Corp has largely completed a slew of asset sales and is now keen to do deals, particularly in digital technology and robotics, its chief executive said. “Olympus has tended to make everything by itself and now we fully recognise that alignment…
TOKYO (Reuters) – Nothing is blocking discussions between Nissan and Renault over the future of their alliance and the two companies will have “important talks” on Tuesday and Wednesday, the French automaker’s chairman said in Tokyo. Speaking at an event on Tuesday, Renault SA chairman Jean-Dominique Senard touted the Franco-Japanese alliance, which has been discussing…
By Jeffrey Dastin (Reuters) -Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date. The cuts, earlier reported by the New York Times, would represent about 3%…
(Reuters) – FTX founder and former Chief Executive Sam Bankman-Fried said he expanded his business too fast and failed to notice signs of trouble at the exchange, whose downfall sent shock waves through the crypto industry, the New York Times reported late on Monday. “Had I been a bit more concentrated on what I was…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s economy unexpectedly shrank in the third quarter, the first contraction in a year as cooling global growth and higher import costs took a toll on household consumption and business activity. Soaring global inflation and recession risks as well as a weak Japanese yen and sweeping interest rate increases worldwide…
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department said Monday that six airlines will pay $7.25 million in total fines and agreed to issue $622 million in passenger refunds as the agency vows to aggressively enforce consumer protections. The enforcement actions helped ensure the six carriers paid required refunds “to hundreds of thousands…
