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VW ‘unintended victim’ in battery supplier dispute, seeks four-year reprieve

Volkswagen AG late Friday called itself an "unintended victim" in a battle between two battery suppliers and urged the U.S. government to extend a reprieve to buy batteries key to its planned U.S. electric vehicle production.

Markets

US FTC opens probe into Nvidia’s acquisition of Arm – Bloomberg

The U.S. Federal Trade Commission has opened an in-depth probe into Nvidia Corp's agreement to acquire Arm Ltd, Bloomberg reported on Friday, citing a source.

Markets

Canadian regulator clears launch of world’s first bitcoin ETF – investment manager

Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest.

Markets

Roaring Kitty to testify on GameStop alongside hedge fund managers

The YouTube streamer known as Roaring Kitty, who helped drive a surge of interest in GameStop Corp, will testify before a House panel on Thursday alongside top hedge fund managers.

Markets

Facebook, Twitter CEOs in talks to testify at House hearing as early as March: Politico

The chief executives of Facebook Inc and Twitter Inc are in talks with House of Representatives lawmakers to testify at a hearing as early as next month, Politico reported on Friday, citing people familiar with the plans.

Markets

Citigroup slashes CEO’s pay by 21per cent, to US$19 million

Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat's compensation for 2020 would be US$19 million, a 21per cent decrease from 2019, according to a regulatory filing.

Markets

Robinhood, Citadel, Melvin Capital CEOs to testify in Congress on GameStop turmoil

The chief executive officers of Robinhood, Citadel, Melvin Capital and Reddit will testify before the U.S. House Financial Services Committee on Feb. 18 on the trading turmoil in GameStop Corp and other stocks, the panel's chairwoman, Representative Maxine Waters, said on Friday.

Markets

Wall Street’s SPAC craze scales new heights with record filings

Richard Branson and Barry Sternlicht were among more than two dozen investor groups that filed with U.S. regulators on Friday to raise new blank-check acquisition companies, setting a new record.

Markets

US senators prod Biden administration on Nord Stream 2 pipeline sanctions

Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated on Friday was a "bad deal" for Europe.

Markets

Amex reveals US probes into business, consumer cards sales practices

Federal investigators began probing American Express Co's small business and consumer cards sales practices in January, the company disclosed on Friday.

Markets

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