Qatar signs second 27-year contract to supply China with LNG Asian customers lead race to secure LNG from QatarEnergy expansion China’s CNPC takes stake in QatarEnergy expansion project DOHA, June 20 (Reuters) – Qatar on Tuesday concluded its second major gas supply deal with a Chinese state-controlled company in less than a year, putting Asia … Read more
LONDON, June 15 (Reuters) – The U.S. subsidiary of crypto giant Binance has made a series of layoffs since regulators accused it last week of breaking securities laws and sought to freeze its assets, said two people with knowledge of the layoffs and employees. social media posts. One of the sources said around 50 people … Read more
NEW YORK/LONDON, June 10 (Reuters) – Crispin Odey, one of Britain’s best-known hedge fund managers, is to quit the company he founded, Odey Asset Management, following allegations of sexual misconduct, the company’s executive committee announced on Saturday. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations from 13 women that Odey … Read more
(1/2) The Binance US logo is seen on a booth during the Bitcoin 2022 conference in Miami Beach, Florida, U.S., April 6, 2022. REUTERS/Marco Bello/File Photo June 8 (Reuters) – Crypto exchange Binance.US said on Thursday it was suspending U.S. dollar deposits and banking partners were preparing to suspend fiat dollar withdrawal channels as of … Read more
NEW YORK, June 2 (Reuters) – As the U.S. stock market continues its ascent, investors holding stocks of the leading technology and growth companies are wondering whether to cash in or stay put. A record $8.5 billion has been poured into tech stocks over the past week, data from BofA Global Research shows, as investors … Read more
NEW YORK, May 30 (Reuters) – U.S. prosecutors said on Monday they were opposing a motion by former cryptocurrency billionaire Sam Bankman-Fried to dismiss criminal charges accusing him of having stole billions of dollars from clients to make up for his hedge fund’s losses. Bankman-Fried, the 31-year-old founder of FTX Trading, pleaded not guilty in … Read more
No fault on the part of the Temasek investment team The team, senior management took “collective responsibility” Temasek did not specify the amount of the reduced compensation May 29 (Reuters) – Singapore’s Temasek Holdings (TEM.UL) said it had cut pay for the team that recommended investing in now bankrupt cryptocurrency exchange FTX and senior management, … Read more
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced it had agreed to sell $2.6 billion in construction home loans at a price reduced in order to improve its balance sheet. PacWest shares rose nearly 20% on the deal, giving the Los Angeles-based bank breathing space … Read more
NEW YORK, May 18 (Reuters) – Bankers are tightening risk management, oversight and contingency procedures around social media use after an internet-fueled race toppled Silicon Valley Bank a while ago two months and caused unrest in the industry. In boardrooms across the United States, leaders are crafting programs and plans to counter online threats, including … Read more
May 16 (Reuters) – UBS Group AG (UBSG.S) expects a financial hit of around $17 billion following the takeover of Credit Suisse Group AG (CSGN.S), the bank said in an early presentation Wednesday as she prepares to complete the rescue of her struggling Swiss rival. UBS estimates the negative impact of fair value adjustments to … Read more
