FIN

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholders Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC Read More »

Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the dramatic collapse of the FTX exchange …

Crypto lender BlockFi files for bankruptcy, cites exposure to FTX Read More »

Oil prices erase 2022 gains as China protests spark demand concerns

WTI lowest since December 2021, Brent lowest since January 2022 Shanghai clashes as COVID protests erupt across China Investors focus on the upcoming OPEC+ meeting on December 4 Nov 28 (Reuters) – Oil prices fell near their lowest level this year on Monday as street protests against tough COVID-19 restrictions in China, the world’s biggest …

Oil prices erase 2022 gains as China protests spark demand concerns Read More »

Elon Musk says Twitter’s verified service with colors will start next week

Nov 25 (Reuters) – Twitter Inc plans to roll out its verified service next Friday with checks in different colors for individuals, businesses and governments, after a botched initial launch led to a surge in users getting impersonate celebrities and brands on the platform. On Friday, Chief Executive Elon Musk assigned colors to the categories …

Elon Musk says Twitter’s verified service with colors will start next week Read More »

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest Read More »

Stocks turn ahead of Fed minutes as oil falls on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks Make Smart Gains Globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the …

Stocks turn ahead of Fed minutes as oil falls on price cap plan Read More »

Musk tells Twitter not to restart blue check verification

Nov 21 (Reuters) – Twitter’s new owner Elon Musk said on Monday the social media company was pausing the relaunch of its blue check subscription service, a delay from its original tentative schedule to bring the service back on the platform. “Withholding Blue Verified relaunch until there is high confidence in stopping spoofing,” Musk said …

Musk tells Twitter not to restart blue check verification Read More »

Bankman-Fried’s FTX EXCLUSIVE Parents Bought Bahamian Property Worth $121 Million

FTX unit purchased 7 condos in upscale resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return the deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and top executives of the failed cryptocurrency exchange have purchased at …

Bankman-Fried’s FTX EXCLUSIVE Parents Bought Bahamian Property Worth $121 Million Read More »

Crypto lender Genesis says it has no immediate plans to file for bankruptcy

Nov 21 (Reuters) – Cryptocurrency lender Genesis said on Monday it had no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX l forced to suspend customer refunds. “We do not intend to file for bankruptcy imminently. Our goal is to resolve the current situation on a consensual basis without …

Crypto lender Genesis says it has no immediate plans to file for bankruptcy Read More »