BEIJING/SHANGHAI, Dec 1 (Reuters) – Chinese newspapers turned their front pages black on Thursday and flags were put at half mast in mourning for the death of former president Jiang Zemin, while well-wishers ugly piles of bouquets outside his childhood home. jiang died in his home city of Shanghai just after noon on Wednesday of … Read more
NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ … Read more
Nov 30 (Reuters) – A federal appeals court on Wednesday declined to put on hold a Texas judge’s ruling that said President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful. The New Orleans-based 5th US Circuit Court of Appeals rejected the Biden administration’s request to pause a … Read more
Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensitive’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more
Filing follows weeks after FTX collapse FTX listed as BlockFi’s No.2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the FTX exchange … Read more
Nov 24 (Reuters) – Women who have accused Jeffrey Epstein of sexual abuse filed lawsuits against Deutsche Bank AG (DBKGn.DE) and JPMorgan Chase & Co (JPM.N) on Thursday, alleging the banks financially benefited from the late financier’s alleged sex trafficking operations. The women, who were not identified in the court filings, cite US federal anti-sex … Read more
Fed minutes awaited US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares were little changed on Wednesday as investors kept their eyes peeled for the minutes of a Federal Reserve meeting that … Read more
NEW YORK, Nov 22 (Reuters) – A New York judge has scheduled an October 2023 trial to form US President Donald Trump, three of his adult children and the Trump Organization in a lawsuit brought by New York Attorney General Letitia James accusing them of fraudulently overvaluing the real estate company’s assets and Trump’s net … Read more
NEW YORK, Nov 21 (Reuters) – Former US President Donald Trump’s real estate company began mounting a defense on Monday in its criminal trial on charges including tax fraud after the prosecution rested its case, questioning an outside accountant who the Trump Organization contends should have caught a top executive cheating on taxes. Prosecutors with … Read more
SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) – Countries adopted a hard-fought final agreement at the COP27 climate summit early on Sunday that sets up a fund to help poor countries being battered by climate disasters – but does not boost efforts to tackle the emissions causing them. After tense negotiations that ran through the night, … Read more