Featured Archives • Page 817 of 1278 • Financial News

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Opec development fund raises US$1b with first bond

The development fund of the Organization of the Petroleum Exporting Countries (Opec) has raised US$1 billion from the sale of its first bond.

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Genesis, a crypto lending firm, files for bankruptcy

CRYPTOCURRENCY lender Genesis Global Holdco filed for bankruptcy late Thursday (Jan 19), the latest crypto company to do so after the collapse of FTX, the exchange founded by Sam Bankman-Fried.

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Smaller Fed rate hike may augur end to ‘ongoing’ increases

THE Federal Reserve is set to again slow the pace of its interest rate increases at a Jan 31-Feb 1 policy meeting, while also signalling that its battle against inflation is far from over.

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China injects record amount of cash this week before holidays

CHINA’S central bank has pumped a record amount of short-term cash into the banking system this week as demand rose following the removal of Covid restrictions and ahead of the Lunar New Year holidays.

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Australian, New Zealand dollars recover ground on a wobbly dollar; bonds rally

THE Australian and New Zealand dollars recovered some ground on Friday after fears of a US recession led markets to price in rate cuts by the Federal Reserve later this year, while local bonds enjoyed a sizeable rally after soft jobs data.

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JPMorgan, Standard Chartered win approval to expand in China

JPMORGAN and Standard Chartered won Chinese regulatory approval on Thursday to expand operations in China as it encourages expansion by foreign companies after lifting its restrictive Covid-19 policies.

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FTX token jumps after new CEO says exchange could restart

FTX’s controversial FTT token surged by more than 40 per cent after the bankrupt company’s new chief executive, John J Ray III, said that he’s exploring the possibility of restarting the crypto exchange.

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JPMorgan leaves CEO Dimon’s pay at US$34.5m for 2022

JPMORGAN Chase & Co kept chief executive officer Jamie Dimon’s total compensation at US$34.5 million for his work in 2022, a year in which the firm’s profit fell by almost a quarter and the stock notched its worst annual performance in over a decade.

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UBS braces for hard landing in US credit, favours European debt

UBS Group is recommending investors to buy European credit amid signs of distress in the US loan markets, cracks emerging in private credit and a potentially severe downside risk in US high-yield debt.

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Crypto firm Nexo Capital agrees to pay US$45m to settle US SEC, state charges

NEXO Capital has agreed to pay US$45 million in penalties to settle charges from the US Securities and Exchange Commission (SEC) and state regulators that the crypto firm failed to register its crypto asset lending product, the SEC said on Thursday.

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