By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Wednesday tightened Sam Bankman-Fried’s bail conditions by restricting his ability to communicate publicly, and said he will consider jailing him before the trial over the collapse of his FTX cryptocurrency exchange. At a hearing in Manhattan federal court, prosecutors asked U.S….
A look at the day ahead in European and global markets from Brigid Riley Is the most aggressive U.S. hiking cycle in a generation finished? After Wednesday’s 25 basis point hike, markets seem to think so. Traders in Asia cheered a glimpse of the fabled soft landing with Jerome Powell saying the Fed no longer…
By Josh Smith SEOUL (Reuters) – Russia’s defence minister was photographed this week viewing banned North Korean ballistic missiles with leader Kim Jong Un at a military expo in Pyongyang, signalling deeper ties between the two countries as they face off with the United States. As Russia’s isolation over its war in Ukraine has grown,…
BEIJING (Reuters) -China’s industrial profits extended this year’s double-digit pace of declines into a sixth month as waning demand took a toll on companies’ profit margins, bolstering the case for more supportive policy to help the economy. The year-to-date 16.8% fall followed an 18.8% profit decline in January-May, and reinforced a frail economic recovery that…
By Harish Sridharan (Reuters) – Australian investment bank Macquarie Group on Thursday flagged a “substantial” fall in April-June profit, as weaker trading conditions hurt its crucial commodities business. Its shares fell after the announcement by 5.2% to A$173.55 – its biggest intraday percentage drop since mid-June last year. “Weaker trading conditions saw Macquarie’s Operating Groups…
(Reuters) – Anheuser-Busch InBev, whose Bud Light sales have recently slumped in the United States, will lay off hundreds of corporate staff in the country, CNN reported on Wednesday citing a company statement. The job cuts would represent less than 2% of total employees at the world’s largest brewer, but would not include frontline staff…
MUMBAI (Reuters) -India’s Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Group, and U.S.-based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a statement on Wednesday….
SEOUL (Reuters) – South Korea’s central bank said on Thursday its monetary policy board decided to reform its standing lending facility, a monetary policy tool for supplying liquidity to banks, strengthening its role as a liquidity backstop. The board decided to lower lending rates for the loans taken out from the facility to 50 basis…
By Leika Kihara TOKYO (Reuters) – As aggressive U.S. interest rate hikes look like they might be nearing an end, Japan’s central bank faces its own tricky decision this week over whether it should take another step towards phasing out its controversial yield control programme. While inflation has held above the Bank of Japan’s 2%…
By Nate Raymond and David Shepardson BOSTON/WASHINGTON (Reuters) -A federal judge on Wednesday rejected the Justice Department’s bid to restrict JetBlue Airways and American Airlines from entering into any partnerships with other carriers akin to their now-scrapped Northeast Alliance. JetBlue and American Airlines are winding down their arrangement announced in 2020, in which they joined…
