DBT

Japan warns of dire finances as BOJ struggles to contain yields

Leave a Comment / Business / By

Japan’s finances intensified severity to unprecedented point Rounds of extra budget, stimulus measures aggravate finances Public finance is the cornerstone of a country’s trust – finmin Economic revival comes first before fiscal reform in a long run Parliament debate begins, all eyes on new BOJ governor nominee TOKYO, Jan 23 (Reuters) – Japan’s finances are …

Japan warns of dire finances as BOJ struggles to contain yields Read More »

Feds seized nearly $700 million from FTX founder Bankman-Fried

Leave a Comment / Business / By

Jan 20 (Reuters) – Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, …

Feds seized nearly $700 million from FTX founder Bankman-Fried Read More »

US home sales slack to 12-year low; glimmers of hope emerging

Leave a Comment / Business / By

Existing home sales drop 1.5% in December Sales fall 17.8% in 2022, sharpest annual decline since 2008 Median house price rises 2.3% from a year ago WASHINGTON, Jan 20 (Reuters) – US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could …

US home sales slack to 12-year low; glimmers of hope emerging Read More »

Crypto lending unit of Genesis files for US bankruptcy

Leave a Comment / Business / By

Jan 20 (Reuters) – The lending unit of crypto firm Genesis filed on Thursday for US bankruptcy protection from creditors, toppled by a market route along with the likes of FTX exchange and lender BlockFi. Genesis Global Capital, one of the largest crypto lenders, freezes customer redemptions on Nov. 16 after FTX stunned the financial …

Crypto lending unit of Genesis files for US bankruptcy Read More »

Stocks fall, yields up; economic slow down worries mount

Leave a Comment / Business / By

Wall Street stocks end down Dollar down vs yen Oil prices up NEW YORK, Jan 19 (Reuters) – World stocks fell on Thursday and US benchmark 10-year Treasury yields bounced up off of four-month lows, as worries mounted that an aggressive stance by central banks could push the global economy into a slowdown. Wall Street …

Stocks fall, yields up; economic slow down worries mount Read More »

Brazil court grants bankruptcy protection for retailer Americanas

Leave a Comment / Business / By

SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA’s (AMER3.SA) bankruptcy protection request, days after the company disclosed nearly $4 billion in accounting inconsistencies that have sparked a legal feud with creditors and investors. Americanas, a 93-year-old company with stores all over Brazil and a major …

Brazil court grants bankruptcy protection for retailer Americanas Read More »

Texas AG to halt most of Citigroup’s municipal offerings on gun law row

Leave a Comment / Business / By

Jan 18 (Reuters) – Citigroup Inc (CN) has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that “has the effect” of Texas halting Citi’s ability to underwrite most municipal bond offerings in the state. Republicans have been ramping up pressure on the finance industry over environmental, …

Texas AG to halt most of Citigroup’s municipal offerings on gun law row Read More »

Crypto lender Genesis preparing to file for bankruptcy, Bloomberg News reports

Leave a Comment / Business / By

Jan 18 (Reuters) – Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. A bankruptcy filing has been expected for weeks, after the company froze customer redemptions on Nov. 16 following the downfall of major cryptocurrency …

Crypto lender Genesis preparing to file for bankruptcy, Bloomberg News reports Read More »

Fed policymakers call for further rate hikes to beat inflation

Leave a Comment / Business / By

Jan 18 (Reuters) – Federal Reserve policymakers on Wednesday indicated they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic activity is slowing. “I just think we need to keep going, and we’ll discuss at …

Fed policymakers call for further rate hikes to beat inflation Read More »

Exclusive: ECB union says staff losing faith in leadership over inflation, pay

Leave a Comment / Business / By

40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – European Central Bank staff are losing confidence in the institution’s leadership following the ECB’s failure to control inflation and a pay award that lagged the leap in …

Exclusive: ECB union says staff losing faith in leadership over inflation, pay Read More »